The Blueprint:
Baker Tilly to acquire Anchin
Baker Tilly moving headquarters from Chicago to New York
Russell Shinsky to serve as Baker Tilly’s NY managing principal, post acquistion
Baker Tilly, the advisory, tax and assurance firm, has agreed to acquire Anchin, Block & Anchin, an accounting, tax and advisory firm, serving privately held businesses, investment funds, and high-net-worth individuals and families.
Both firms serve middle-market clients and have offices in Uniondale and other locations. The deal is expected to close this summer.
With the acquisition, Baker Tilly will move its headquarters from Chicago to New York City.
“New York is one of the most important markets for our clients and for the future of our firm,” Eric Miles, CEO of Baker Tilly, said in a news release about the agreement.
“Anchin strengthens our presence in a market that is central to many of the industries, entrepreneurs and businesses we serve,” Miles added. “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.”
Baker Tilly, whose U.S. roots date back to 1931, has offices across the United States and internationally, including in New York, Chicago, London, Sydney and Singapore.
Founded in 1923, Anchin provides expertise in private client, real estate, financial services, consumer products, professional services, and architecture, engineering and construction. It also has offices in South Florida.
“Over the last several years, we had many conversations with firms and investors exploring different paths forward for Anchin,” Russell Shinsky, managing partner of Anchin, said in the news release.
“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,” Shinsky said.
“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,” Shinsky added. “We believe this combination allows us to build on what has made Anchin successful while creating new opportunities for our clients and team members.”
“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,” Fred Massanova, North America managing principal and chief operating officer of Baker Tilly, said in the news release.
“Russell and the Anchin team have built an exceptional firm,” Massanova said. “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.”
After the deal closes, Shinsky will serve as Baker Tilly’s New York managing principal and lead its growth in the market.
Baker Tilly Advisory Group, and Baker Tilly US, which operate as Baker Tilly, are independent members of Baker Tilly International, a global network of accounting and advisory firms operating in 147 territories with about 50,000 professionals and $6.8 billion in combined revenue.