12 FEB 2025 / M&A UPDATES

Baker Tilly Announces Intent to Acquire CironeFriedberg, Expanding Presence in the Northeast

- MYCPE ONE Insights Team

Leading advisory, tax, and assurance firm Baker Tilly has announced its intent to acquire CironeFriedberg, a respected CPA and advisory firm based in Bethel, Connecticut. This strategic move aims to strengthen Baker Tilly's presence in the Northeast region.

Strategic Expansion:

Fred Massanova, Baker Tilly’s Chief Growth Officer and Managing Partner for the Eastern U.S., emphasized the significance of this acquisition: "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."

Leadership Perspectives:

Tony Cirone, Managing Partner of CironeFriedberg, expressed enthusiasm about the merger: "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."

Advisory Insight:

Allan Koltin, CEO of Koltin Consulting, who advised on the transaction, highlighted its significance: "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."

This acquisition follows Baker Tilly’s recently announced intent to acquire Hancock Askew, further demonstrating the firm’s commitment to strategic growth across key markets. These acquisitions reflect the momentum generated by Baker Tilly’s private equity investment led by Hellman & Friedman and Valeas Capital Partners, accelerating the firm’s growth strategy and continuing to promise a bright future.

Until next time…

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