Baker Tilly Expands NYC Presence with Acquisition of Anchin

Introduction

Baker Tilly, a prominent advisory, tax, and assurance firm, has announced its intent to acquire Anchin, a well-established accounting and advisory firm based in New York City. This strategic transaction aims to bolster Baker Tilly’s presence in the competitive New York City market and enhance its service capabilities across various sectors.

Deal Summary

The acquisition of Anchin represents a significant milestone for Baker Tilly as it seeks to expand its operational footprint and service offerings. Anchin is known for its expertise in delivering audit, tax, and consulting services, particularly to clients in sectors such as real estate, technology, and professional services. The deal was initiated by Baker Tilly's CEO, Alan Whitman, who emphasized the importance of collaboration and excellence, values shared by both firms.

David B. Rosenberg, Managing Partner of Anchin, expressed enthusiasm about the partnership, noting that joining Baker Tilly will enhance resources and expertise available to their clients. The combination of both firms is poised to create a powerhouse in the advisory space within New York City.

This acquisition is pending regulatory approvals and is expected to close in the coming months. Upon completion, the firms will operate under the Baker Tilly brand, enabling clients of both entities to benefit from a wider array of services.

Buyer Profile

Baker Tilly is a national advisory, tax, and assurance firm that focuses on helping clients navigate business challenges while seizing new opportunities. The firm is recognized for its innovative approach and commitment to exceptional service across various industries.

In recent months, Baker Tilly has completed several notable transactions, further solidifying its position in the marketplace. These include:

• A strategic acquisition of a regional tax consultancy in the Midwest, enhancing its tax services.
• Partnership with a digital transformation firm to improve technology consulting capabilities.
• Acquisition of a niche advisory firm specializing in healthcare, broadening its industry expertise.

Conclusion

The acquisition of Anchin by Baker Tilly illustrates a strategic move to strengthen market presence and enhance service offerings in New York City. For investors, operators, and founders, this deal highlights the ongoing trend of consolidation within the advisory sector, signaling opportunities for growth and expanded capabilities in a competitive landscape.