SAX Acquires Sewald & Anastasia CPAs

SAX, a leading accounting and advisory firm based in Parsippany, New Jersey, has fortified its presence in Monmouth County with the acquisition of Sewald & Anastasia CPAs, a respected practice in Morganville. The acquisition, effective June 1, enhances SAX's real estate and private client service capabilities, with former Sewald & Anastasia owners Charlie Anastasia and Steven Sewald taking on significant roles in the acquiring firm.

SAX, a leading Parsippany, N.J.-based accounting and advisory firm, has acquired Sewald & Anastasia CPAs, a well-respected practice located in Morganville, N.J. Effective June 1, the acquisition strengthens SAX’s foothold in Monmouth County and further bolsters its real estate and private client service offerings.

With FY23 revenue of $93.5 million, SAX continues to grow strategically by aligning with firms that share its client-focused philosophy and service vision. This latest integration brings seasoned professionals Charlie Anastasia and Steven Sewald into the fold—each recognized for their extensive expertise and commitment to tailored client solutions.

As part of the deal, the Morganville office and its entire team will join SAX. Charlie Anastasia, former owner and managing partner at Sewald & Anastasia, joins SAX as a partner. Steven Sewald will take on a key leadership role as director in the firm’s expanding private client services practice. Their combined experience is expected to deepen SAX’s bench strength in servicing real estate clients and high-net-worth individuals with innovative, personalized strategies.

SAX managing partner Joseph Damiano highlighted the alignment of values and long-term vision that made the partnership a natural fit. The firm aims to leverage the acquisition to provide greater value and modern solutions to its regional client base. Anastasia echoed the sentiment, calling the move a unique opportunity to combine strengths and better serve clients with industry-focused insights and a personalized touch.

The acquisition marks another milestone in SAX’s growth trajectory. With the addition of Sewald & Anastasia, SAX now operates as a 62-partner firm with 367 total employees, across five offices in New Jersey, New York, and Mumbai, India. The firm also boasts a robust remote workforce spanning 22 U.S. states. The transaction was facilitated with consulting support from Will Walsh of 1LifeConsulting, LLC.

This strategic alliance reinforces SAX’s position as a forward-looking, client-driven firm, ready to navigate an increasingly complex business landscape while continuing to expand its regional and service footprint.

Until next time…

Don’t forget to share this story on LinkedIn, X and Facebook

📢MYCPE ONE Insights has a newsletter on LinkedIn as well! If you want the sharpest analysis of all accounting and finance news without the jargon, Insights is the place to be! Click Here to Join

Website Services for CPA & Accounting Firms - Starting $69/month.

Is your website attracting clients—or turning them away? MYCPE ONE’s Website Development Services, starting at just $69/month, create high-converting, professional websites tailored for accounting firms like yours.

With over 400 designs to choose from and a dedicated webmaster, we handle it all for you—no DIY required.

Get started today and create a website that works for your firm with MYCPE ONE!
Make a lasting impression. Boost conversions. Stay secure.

Schedule a call today!

SAX Expands Regional Presence and Capabilities with Sewald & Anastasia Acquisition

Related Articles