Top 10 accounting firm Baker Tilly has had a busy past week. First, the firm announced on Feb. 3 that it was acquiring top 200 CPA firm Hancock Askew. Then yesterday, Baker Tilly said former AICPA CEO Barry Melancon was joining the firm as an advisor. Now today, the Chicago-based firm said it was acquiring CironeFriedberg, a top 400 accounting firm in Shelton, CT.
Financial terms of the deal weren’t disclosed.
Baker Tilly, which received private equity backing from investment firms Hellman & Friedman and Valeas Capital Partners a year ago, said Feb. 11 that the deal strengthens its presence in the Northeast, creating “essential connections” between New York and Boston.
“Expanding in the Northeast is a critical step in our long-term growth strategy,” Fred Massanova, Baker Tilly’s chief growth officer and managing principal of the Eastern U.S., said in a statement. “CironeFriedberg brings a wealth of experience and industry expertise, further solidifying our commitment to this market.”
Founded in 1945, CironeFriedberg serves middle-market, closely held, and family-owned businesses, high-net-worth individuals, and not-for-profit organizations in Fairfield and New Haven counties in Connecticut and the neighboring New York counties of Dutchess, Putnam, and Westchester. The firm provides a full range of tax, audit and accounting, and business advisory services from three offices in Danbury, Shelton, and Stamford, CT.
CironeFriedberg is an independently owned and operated member firm of CPAmerica, one of the largest associations of CPA firms in the U.S.
“Joining Baker Tilly is an exciting opportunity for our firm and clients. The expanded reach and additional resources will allow us to provide even greater value and innovative solutions while maintaining the personal service our clients have come to expect,” said Tony Cirone, managing partner of CironeFriedberg.
Allan Koltin, CEO of Koltin Consulting Group, who advised on the transaction, added, “CironeFriedberg is known for its strong client relationships and industry expertise. Their addition to Baker Tilly enhances the firm’s ability to serve clients across the Northeast with expanded resources and specialized knowledge.”
Thanks for reading CPA Practice Advisor!
Subscribe Already registered? Log In
Need more information? Read the FAQs
