Baker Tilly Announces Agreement to Acquire Anchin; New York City to Become Firm Headquarters

Acquisition reinforces Baker Tilly's long-term commitment to New York and expands its presence in the world's leading financial center.

NEW YORK--(BUSINESS WIRE)--Baker Tilly, a leading advisory, tax and assurance firm, today announced it has entered into an agreement to acquire Anchin, Block & Anchin LLP (Anchin), a leading New York-based accounting, tax and advisory firm serving privately held businesses, investment funds, and high-net-worth individuals and families.

The agreement brings together two firms known for deep industry specialization, long-standing client relationships and a shared commitment to serving middle-market clients with high-quality advisory, tax and assurance services. Reflecting the growing importance of New York to its clients and business strategy, Baker Tilly will establish New York City as the firm's headquarters.

"New York is one of the most important markets for our clients and for the future of our firm," said Eric Miles, chief executive officer of Baker Tilly. "Anchin strengthens our presence in a market that is central to many of the industries, entrepreneurs and businesses we serve. Establishing New York as our headquarters reflects our long-term commitment to this market and our continued investment in the talent, expertise and capabilities our clients need to succeed."

Founded in 1923, Anchin has built a reputation as one of New York's leading accounting and advisory firms, with deep expertise across private client, real estate, financial services, consumer products, professional services, and architecture, engineering and construction industries. In addition to its New York metropolitan presence, Anchin serves clients through offices in South Florida, extending its reach into another important market for the combined firm.

"Over the last several years, we had many conversations with firms and investors exploring different paths forward for Anchin," said Russell Shinsky, managing partner of Anchin. "We were fortunate to be in a position of strength and could be selective about what would best serve our clients and our people for the long term. Baker Tilly stood out because of its commitment to the middle market, its investment in innovation and talent, and the respect it showed for the culture, leadership and reputation we have built over the last 103 years. We believe this combination allows us to build on what has made Anchin successful while creating new opportunities for our clients and team members."

Following the close of the transaction, Shinsky will serve as Baker Tilly's New York managing principal, leading the firm's continued growth in this strategically important market.

"What impressed us most about Anchin was not only the strength of its client relationships and industry expertise, but also the quality of its leadership and culture," said Fred Massanova, North America managing principal and chief operating officer of Baker Tilly. "Russell and the Anchin team have built an exceptional firm. They will play an important role in shaping our future in New York, and together we will create even greater opportunities for clients while preserving the relationship-driven approach that has defined both organizations."

The transaction is expected to close this summer.

About Baker Tilly (bakertilly.com)

Baker Tilly is a leading advisory, tax and assurance firm, providing clients with a genuine coast-to-coast and global advantage in major regions of the U.S. and in many of the world’s leading financial centers – New York, London, San Francisco, Seattle, Los Angeles, Chicago and Boston. Baker Tilly Advisory Group, LP and Baker Tilly US, LLP (Baker Tilly) provide professional services through an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable laws, regulations and professional standards. Baker Tilly US, LLP is a licensed independent CPA firm that provides attest services to its clients. Baker Tilly Advisory Group, LP and its subsidiary entities provide tax and business advisory services to their clients. Baker Tilly Advisory Group, LP and its subsidiary entities are not licensed CPA firms.

Baker Tilly Advisory Group, LP and Baker Tilly US, LLP, trading as Baker Tilly, are independent members of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 147 territories, with 50,000 professionals and a combined worldwide revenue of $6.8 billion. Visit bakertilly.com or join the conversation on LinkedIn, Facebook and Instagram.

About Anchin (anchin.com)

Anchin is a leading accounting, tax, and advisory firm specializing in the needs of privately held companies, investment funds, and high-net-worth individuals and families. Its highly focused industry specialization helps clients overcome challenges and achieve their financial objectives confidently. Consistently recognized in respected "best of" lists for service, firm management, and employee satisfaction, Anchin prioritizes partner-level engagement and commitment to employee happiness. The full-service firm, with a staff of approximately 600 provides a wide range of assurance, financial reporting, tax, and advisory services. Anchin has offices in New York City, Uniondale, New York, Boca Raton, Florida, Palm Beach Gardens, Florida, and India. Discover what's possible by visiting us online at www.anchin.com.