Baker Tilly's Strategic Acquisition of Hancock Askew
Baker Tilly, a prominent advisory, tax and assurance firm, has declared its intention to acquire Hancock Askew & Co., LLP. This firm has established a reputable foundation in Georgia and Florida, and the merger is poised to significantly enhance Baker Tilly's operational presence in the Southeast region.
The acquisition is seen as a vital move to enrich Baker Tilly’s resources and service offerings. By integrating Hancock Askew's expertise with its own, Baker Tilly aims to deliver innovative solutions and a remarkable service experience for its clients.
Enhancing Client Services in the Southeast
“The Southeast is essential for businesses across various sectors,” remarked Fred Massanova, Baker Tilly’s chief growth officer. He emphasized the outstanding fit between Baker Tilly and Hancock Askew, citing the latter's deep regional expertise and commitment to client service.
With a notable footprint in key locations, including cities such as Savannah, Atlanta, Augusta, Tampa, Jacksonville, and Orlando, Hancock Askew boasts a robust regional presence. This acquisition will allow Baker Tilly to foster deeper client relationships while expanding its service capabilities.
Leadership Transition and New Opportunities
As part of this strategic acquisition, Michael T. McCarthy, the managing partner of Hancock Askew, will assume the role of managing principal for Georgia and Florida at Baker Tilly. He expressed confidence in the success of the combination, stating that it reflects a shared vision of delivering exceptional value and measurable results.
Significance of the Acquisition
Industry experts have noted the importance of this transaction. Allan Koltin, CEO of Koltin Consulting, commented on Hancock Askew's stellar reputation and how this merger augments Baker Tilly's innovation capabilities in the region. The collaboration underscores a commitment to advancing client solutions in a competitive market.
The combination of Baker Tilly and Hancock Askew is not merely a merger of two firms; it represents a partnership that aims to leverage combined strengths for optimal service delivery. The infusion of Hancock Askew’s expertise into Baker Tilly’s already extensive offerings will undoubtedly pave the way for new opportunities for growth and development.
About Baker Tilly
Baker Tilly is recognized as a leading advisory firm, offering a diverse range of services across major financial centers such as New York, London, and Chicago. Its unique practice structure allows for comprehensive service delivery, adhering to professional standards and regulations. Baker Tilly’s network extends globally, supported by over 43,500 professionals who collectively generate $5.62 billion in revenue.
About Hancock Askew
Founded in 1910, Hancock Askew has evolved into a multifaceted professional services firm. It offers critical services such as tax, audit, and advisory solutions, addressing the diverse needs of clients that range from small businesses to large public corporations. With over 250 skilled professionals across its offices, the firm is dedicated to maintaining high standards in client service delivery.
Frequently Asked Questions
Why did Baker Tilly decide to acquire Hancock Askew?
The acquisition aims to strengthen Baker Tilly’s presence in the Southeast by leveraging Hancock Askew's regional expertise and client relationships.
What services will Baker Tilly expand after this acquisition?
Baker Tilly will enhance its advisory, tax, and assurance services, providing clients with expanded resources and innovative solutions.
Who will lead operations in the Georgia and Florida regions?
Michael T. McCarthy from Hancock Askew will take on the role of managing principal for Baker Tilly in these regions following the acquisition.
What regions does Hancock Askew serve?
Hancock Askew has a strong presence in key areas including Georgia and Florida, with offices in Savannah, Atlanta, Augusta, Tampa, Jacksonville, and Orlando.
How does this acquisition benefit clients of both firms?
Clients will benefit from a broader range of services, enhanced expertise, and improved customer experiences due to the combined resources and capabilities of both firms.
