Chicago-based IPA 100 firm Baker Tilly (FY24 net revenue of $1.72 billion) announced its intent to acquire Savannah, Ga.-based IPA 200 firm Hancock Askew & Co. (FY23 net revenue of $48.9 million). This strategic acquisition strengthens Baker Tilly’s presence in the Southeast, enhancing its ability to provide clients with expanded resources, innovative solutions and a seamless service experience.
“The Southeast is a vital region for businesses of all sizes,” said Fred Massanova, Baker Tilly’s chief growth officer and managing principal – Eastern U.S. “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, MP of Hancock Askew, will join Baker Tilly as managing principal – Georgia and Florida. “This combination reflects our shared vision of delivering exceptional value and measurable results,” McCarthy said. “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, advised on the transaction and highlighted its significance. “Hancock Askew has built a stellar reputation in the Southeast,” Koltin said. “This combination strengthens Baker Tilly’s capabilities in the region and ensures continued innovation for clients.”
