Baker Tilly (US) has announced 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.
Founded in 1923, Anchin has established a strong reputation in the New York market, with expertise spanning private client services, real estate, financial services, consumer products, professional services, and the architecture, engineering and construction sectors. The firm also has a presence in South Florida, expanding the combined firm's reach in another key market.
The transaction brings together two firms with deep industry expertise, long-standing client relationships, and a shared focus on delivering high-quality advisory, tax and assurance services to middle-market clients. Reflecting the strategic importance of the New York market, Baker Tilly (US) will establish New York City as its headquarters following completion of the acquisition.
Speaking on the agreement, Eric Miles, chief executive officer of Baker Tilly (US), said: “New York is one of the most important markets for our clients and for the future of our firm. 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.”
Russell Shinsky, managing partner of Anchin, commented:” Over the last several years, we had many conversations with firms and investors exploring different paths forward for 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.”
Fred Massanova, North America managing principal and chief operating officer of Baker Tilly (US), added: "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. 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 organisations."
The transaction is expected to close this summer.
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