Baker Tilly to Acquire Anchin and Relocate Headquarters to New York City

What's Happening? Baker Tilly US, a national mid-market accounting and consulting firm, has announced its acquisition of Anchin, Block & Anchin, a New York-based accounting and consulting firm. This strategic move will also see Baker Tilly relocating its headquarters from Chicago to New York City. T

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What is the story about?

What's Happening?

Baker Tilly US, a national mid-market accounting and consulting firm, has announced its acquisition of Anchin, Block & Anchin, a New York-based accounting and consulting firm. This strategic move will also see Baker Tilly relocating its headquarters from

Chicago to New York City. The acquisition is expected to close this summer and is part of Baker Tilly's strategy to strengthen its presence in a key market. Anchin, founded in 1923, employs 600 professionals and offers a range of services to various clients, including high-net-worth individuals and investment funds.

Why It's Important?

This acquisition and headquarters relocation signify Baker Tilly's commitment to expanding its influence in the New York market, which is crucial for its business strategy and client base. By acquiring Anchin, Baker Tilly aims to enhance its service offerings and tap into the diverse industries and entrepreneurial activities in New York. This move could potentially lead to increased competition in the accounting and consulting sectors, as firms vie for market share in one of the world's most dynamic business environments. The relocation also reflects broader trends of firms seeking strategic advantages through geographic positioning.