Baker Tilly has revealed its plans to acquire CironeFriedberg, a CPA and advisory firm serving middle-market businesses, high-net-worth individuals, and not-for-profits in Connecticut and New York.
The acquisition will create connections between New York and Boston, expanding Baker Tilly’s footprint in the Northeast.
CironeFriedberg, with offices in Bethel, Shelton, and Darien, offers a suite of services that include tax, accounting, assurance, business valuation, strategic consulting, and outsourced CFO/Controller services.
The company focuses on industries such as manufacturing, real estate, construction, and medical practices.
CironeFriedberg managing partner Tony Cirone said: “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.”
Koltin Consulting CEO Allan Koltin provided guidance on the transaction.
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By GlobalDataHe said: “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 specialised knowledge.”
Baker Tilly chief growth officer and managing principal for Eastern US Fred Massanova said: “Expanding in the Northeast is a critical step in our long-term growth strategy. CironeFriedberg brings a wealth of experience and industry expertise, further solidifying our commitment to this market.”
The acquisition of CironeFriedberg follows closely on the heels of Baker Tilly’s recent announcement to acquire Hancock Askew.
These strategic moves underscore the firm’s aim to expand and grow within key markets.
Baker Tilly said the acquisition reflect the momentum generated by its private equity investment, led by Hellman & Friedman and Valeas Capital Partners.
Recently, Baker Tilly appointed Barry Melancon as an adviser to its US operations and the non-executive director and chair-elect of the Baker Tilly International board of directors.
