Baker Tilly acquires Anchin | Accounting Today

Top 10 Firm Baker Tilly today announced it will acquire Top 100 Firm Anchin, Block & Anchin, and will move its headquarters from Chicago to New York City.

Processing Content

Anchin, which is based in New York City, ranked No. 56 on Accounting Today‘s 2026 Top 100 Firms list. It reported $157 million in revenue, with 65 partners and over 560 employees across four offices. In addition to its New York presence — with industry expertise across private clients, real estate, financial services, consumer products, professional services, and architecture, engineering and construction — it also serves the South Florida market. 

Russell Shinsky, managing partner of Anchin, will serve as Baker Tilly’s New York managing principal following the expected close of the transaction this summer. Terms of the deal were not disclosed. 

“Over the last several years, we had many conversations with firms and investors exploring different paths forward for Anchin,” Shinsky said in a statement. “We were fortunate to be in a position of strength and could be selective about what would best serve our clients and our people for the long term. Baker Tilly stood out because of its commitment to the middle market, its investment in innovation and talent, and the respect it showed for the culture, leadership and reputation we have built over the last 103 years. We believe this combination allows us to build on what has made Anchin successful while creating new opportunities for our clients and team members.”

Baker Tilly, which is currently based in Chicago, ranked No. 6 on the Top 100 Firms list. It reported $3.5 billion in revenue, with 1,086 partners and over 12,000 employees across 99 offices. 

“New York is one of the most important markets for our clients and for the future of our firm,” Baker Tilly CEO Eric Miles said in a statement. “Anchin strengthens our presence in a market that is central to many of the industries, entrepreneurs and businesses we serve. Establishing New York as our headquarters reflects our long-term commitment to this market and our continued investment in the talent, expertise and capabilities our clients need to succeed.”

In February 2024, the firm received private equity funding from Hellman & Friedman and Valeas Capital Partners, making it the largest accounting firm to date to take PE money. Since then, it has expanded through numerous acquisitions, including Top 75 Firm Berkowitz Pollack Brant, Top 100 Firm Moss Adams, Regional Leader KraftCPAs in Nashville and more. Baker Tilly has been in the Chicago market since 2002 and consolidated its headquarters there last June with a move to the Fulton Market district. The firm was formerly based in Madison, Wisconsin, when it was known as Baker Tilly Virchow Krause.

“What impressed us most about Anchin was not only the strength of its client relationships and industry expertise, but also the quality of its leadership and culture,” Fred Massanova, North America managing principal and chief operating officer of Baker Tilly, said in a statement. “Russell and the Anchin team have built an exceptional firm. They will play an important role in shaping our future in New York, and together we will create even greater opportunities for clients while preserving the relationship-driven approach that has defined both organizations.”