Baker Tilly expands Southeast presence with Hancock Askew acquisition

Baker Tilly, a globally recognized accounting advisory firm, has announced its plans to acquire Hancock Askew & Co., LLP, a well-established financial services provider with a strong footprint in Georgia and Florida. This strategic acquisition growth marks a significant step in Baker Tilly’s expansion across the Southeastern United States, reinforcing its ability to provide comprehensive tax, audit, and business advisory services to a wider range of clients.

The acquisition is expected to enhance Baker Tilly’s market reach, integrating Hancock Askew’s well-established regional relationships with the firm’s national and global expertise. As financial regulations and tax policies continue to evolve, businesses in the region are increasingly seeking accounting advisory firm solutions tailored to their unique needs. This merger is set to provide companies with enhanced resources, innovative financial strategies, and seamless client services.

What Does Hancock Askew Bring to Baker Tilly’s Expansion Strategy?

Hancock Askew, founded in 1910, has built a strong reputation as a trusted provider of tax, audit, risk assurance, business valuation, and advisory services. The firm has a well-established presence across Georgia and Florida, with offices in Savannah, Atlanta, and Augusta, as well as Tampa, Jacksonville, and Orlando. With a team of over 250 professionals, Hancock Askew has been a go-to financial services provider for businesses ranging from emerging enterprises to multinational corporations, nonprofit organizations, and publicly traded companies.

Michael T. McCarthy, managing partner of Hancock Askew, emphasized the alignment between the two firms in terms of values, service approach, and long-term vision.

“This combination reflects our shared vision of delivering exceptional value and measurable results,” McCarthy stated. “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.”

By integrating with Baker Tilly, Hancock Askew will leverage expanded resources and technological capabilities, further enhancing its ability to serve businesses navigating complex tax laws, financial reporting requirements, and regulatory challenges.

Why Is Baker Tilly Focused on Strengthening Its Presence in the Southeast?

The Southeast business expansion is a strategic move for Baker Tilly, considering the region’s growing economic influence. Georgia and Florida have become key business hubs, attracting corporations across various industries, from healthcare and finance to real estate and technology. As companies establish and expand operations in these states, the demand for sophisticated financial advisory services continues to rise.

Fred Massanova, Baker Tilly’s chief growth officer and managing principal for the Eastern U.S., highlighted the significance of this acquisition.

“The Southeast is a vital region for businesses of all sizes,” Massanova explained. “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.”

Baker Tilly’s strategic acquisition growth plan aligns with its broader goal of strengthening service capabilities across major U.S. financial centers, including New York, San Francisco, Los Angeles, Chicago, and Boston. By expanding further into Georgia and Florida, the firm positions itself to meet the evolving financial needs of businesses in one of the nation’s fastest-growing economic regions.

How Will the Merger Impact Clients and Employees?

With both firms sharing a strong commitment to client satisfaction, the integration is expected to be smooth, ensuring continuity of service for existing clients. Businesses and individuals working with Hancock Askew will now have access to a broader range of financial expertise, advanced data-driven insights, and an expanded national and international network.

Employees of Hancock Askew will also benefit from the merger, gaining access to professional development opportunities, expanded resources, and an enhanced ability to serve a diverse client base. As part of Baker Tilly, Hancock Askew professionals will continue providing top-tier advisory and tax services while integrating into a firm with a global presence.

Allan Koltin, CEO of Koltin Consulting and an advisor on the transaction, emphasized the impact of the merger on the Southeast market.

“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.”

The deal reinforces Baker Tilly’s reputation as a leading accounting advisory firm, committed to helping businesses navigate the complexities of financial management, compliance, and risk mitigation.

What’s Next for Baker Tilly Following This Strategic Acquisition?

As Baker Tilly continues to execute its Southeast business expansion strategy, the firm remains focused on growing its advisory, tax, and audit services across key markets. The acquisition of Hancock Askew strengthens its ability to support businesses in Georgia and Florida, offering a more comprehensive suite of financial solutions tailored to regional economic trends.

The transaction signals Baker Tilly’s ongoing commitment to strategic acquisition growth, leveraging partnerships with established firms to enhance its service offerings. With a strong global network that includes 143 territories and 43,500 professionals, Baker Tilly is well-positioned to drive financial innovation and provide high-value solutions for businesses at every stage of growth.

By integrating Hancock Askew’s deep regional knowledge with its expansive national and international expertise, Baker Tilly is set to solidify its standing as a premier financial services provider in the Southeast and beyond.