Baker Tilly announced that it has entered into an agreement to acquire Anchin, Block & Anchin LLP, a New York-based accounting, tax and advisory firm serving privately held businesses, investment funds and high-net-worth individuals and families. As part of the transaction, Baker Tilly will relocate its headquarters to New York City, underscoring the strategic importance of the market to the firm’s long-term growth plans.
The combination brings together two firms with strong middle-market practices, industry specialization and long-standing client relationships. Baker Tilly said the move reflects its commitment to expanding its presence in one of the world’s leading financial centers.
Founded in 1923, Anchin has developed expertise across industries including private client services, real estate, financial services, consumer products, professional services and architecture, engineering and construction. The firm also maintains a presence in South Florida, providing additional reach into another important market for the combined organization.
Following the closing of the transaction, Anchin Managing Partner Russell Shinsky will become Baker Tilly’s New York Managing Principal and will lead the firm’s continued expansion in the region.
Anchin employs approximately 600 professionals and operates offices in New York City, Uniondale, New York, Boca Raton, Florida, Palm Beach Gardens, Florida and India.
The transaction is expected to close this summer.
KEY QUOTES:
“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.”
Eric Miles, Chief Executive Officer, Baker Tilly
“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.”
Russell Shinsky, Managing Partner, Anchin
“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 organizations.”
Fred Massanova, North America Managing Principal And Chief Operating Officer, Baker Tilly
