Baker Tilly's Strategic Move: Acquiring CironeFriedberg for Growth

Baker Tilly Expands Horizons with CironeFriedberg Acquisition

Leading advisory, tax, and assurance firm Baker Tilly has made an exciting announcement regarding its future growth plans. The firm has set its sights on acquiring CironeFriedberg, a well-established CPA and advisory firm. This strategic move is aimed at reinforcing Baker Tilly's foothold in the Northeast corridor, a dynamic market connecting major cities.

Strategic Growth in the Northeast Region

Baker Tilly’s commitment to expanding its market presence is evident in this acquisition. The firm recognizes the Northeast as a vital area for business growth. Fred Massanova, the chief growth officer at Baker Tilly, emphasized that this step is crucial for their long-term growth strategy. He pointed out that CironeFriedberg brings invaluable experience and industry knowledge that will enhance their services in this region.

Expertise and Resources Unleashed

The collaboration with CironeFriedberg will create a wealth of opportunities for Baker Tilly, allowing the firm to deliver innovative solutions while ensuring the personal touch that clients expect. Tony Cirone, the managing partner of CironeFriedberg, shared his enthusiasm for this opportunity, highlighting how the merger will empower their firm to provide even greater value to clients.

Growing Momentum through Strategic Acquisitions

This strategic acquisition follows Baker Tilly's recent announcement about acquiring Hancock Askew. Each step taken highlights the firm’s aggressive growth strategy fueled by investments from leading private equity firms. This influx of capital and guidance has allowed Baker Tilly to refine its strategy and continue expanding its service offerings.

Client-Centric Focus in the Northeast

Allan Koltin, CEO of Koltin Consulting, advised on the transaction. He remarked on the importance of CironeFriedberg's inclusion in Baker Tilly, noting its strong relationships with clients and extensive industry expertise. This new partnership will significantly enhance Baker Tilly’s capability to serve its clients better across key Northeast markets.

A Comprehensive Overview of Baker Tilly

Baker Tilly, a leading name in the advisory, tax, and assurance space, prides itself on providing expert services to clients across the U.S. A prominent player with a global reach, Baker Tilly operates in key financial hubs like New York and Los Angeles. The firm is committed to maintaining professional integrity and adhering to the AICPA Code of Professional Conduct.

Building Stronger Client Relationships

Moreover, Baker Tilly operates as part of a global network. It is independent and serves its clients with tailored strategies to meet diverse business needs. The company is dedicated to providing optimal solutions, ensuring every client experiences personalized service aligned with industry best practices.

CironeFriedberg: An Overview

CironeFriedberg stands tall as a premier CPA and advisory firm with a strong presence in Connecticut and New York. Serving a diverse range of clients, including middle-market businesses and high-net-worth individuals, the firm offers a comprehensive suite of services. From tax and accounting to business valuation and strategic consulting, they excel in various sectors.

Commitment to Quality and Client Success

Known for its dedication to quality and robust client relationships, CironeFriedberg has carved out a niche in key industries such as manufacturing and healthcare. Their focus remains on delivering customized solutions, ensuring every client meets their business goals now and into the future.

Frequently Asked Questions

What is the main goal of Baker Tilly's acquisition of CironeFriedberg?

The primary aim is to strengthen Baker Tilly's presence in the Northeast region and enhance its service offerings by integrating CironeFriedberg's expertise.

How does this acquisition benefit Baker Tilly's clients?

Clients will gain access to expanded resources, innovative solutions, and a broader range of services tailored to their needs.

What sectors does CironeFriedberg specialize in?

CironeFriedberg primarily serves middle-market businesses and high-net-worth individuals, with expertise in industries like manufacturing, real estate, and healthcare.

Who advised on the acquisition transaction?

Allan Koltin, CEO of Koltin Consulting, provided advisory services on the transaction, stressing its significance in enhancing Baker Tilly’s client service capabilities.

What are the future plans of Baker Tilly following this acquisition?

Baker Tilly plans to continue its strategic growth through additional acquisitions, leveraging new investments to expand its market presence further.

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