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Baker Tilly to Acquire Hancock Askew & Co.

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04 FEB 2025 / M&A UPDATES

Baker Tilly to Acquire Hancock Askew & Co.

Baker Tilly to Acquire Hancock Askew & Co.
Summary
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Advisory CPA firm, Baker Tilly US, LLP, intends to acquire Savannah-based audit, tax, accounting, and advisory firm, Hancock Askew & Co., LLP. The acquisition is aimed at consolidating Baker Tilly's market presence in the Southeast region and Hancock Askew's Managing Partner, Michael T. McCarthy, will join Baker Tilly, bolstering the firm's commitment to delivering value to clients and offering wider resources.

Baker Tilly US, LLP, a leading advisory CPA firm, has announced its intent to acquire Hancock Askew & Co., LLP, a full-service audit, tax, accounting, and advisory firm based in Savannah, Georgia. This strategic acquisition aims to strengthen Baker Tilly's presence in the Southeast region of the United States, enhancing its ability to provide clients with expanded resources, innovative solutions, and a seamless service experience.

Fred Massanova, Baker Tilly’s Chief Growth Officer and Managing Principal for the Eastern U.S., emphasized the importance of the Southeast market, stating, "The Southeast is a vital region for businesses of all sizes. Hancock Askew’s longstanding commitment to client service and deep regional expertise make them an outstanding fit for Baker Tilly as we continue expanding our capabilities in this market."

Michael T. McCarthy, Managing Partner of Hancock Askew, will join Baker Tilly as Managing Principal for Georgia and Florida. He expressed enthusiasm about the combination, noting, "This combination reflects our shared vision of delivering exceptional value and measurable results. Joining Baker Tilly provides new opportunities for our clients and team members while preserving the commitment to quality and service that has defined Hancock Askew for decades."

Allan Koltin, CEO of Koltin Consulting, who advised on the transaction, highlighted its significance by stating, "Hancock Askew has built a stellar reputation in the Southeast. This combination strengthens Baker Tilly’s capabilities in the region and ensures continued innovation for clients."

This acquisition reflects Baker Tilly's ongoing strategy to expand its footprint and service offerings in key markets across the United States.

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