Press Release
Baker Tilly to Acquire CironeFriedberg, Strengthening Presence in the Northeast
Feb. 11, 2025
BETHEL, Conn. (Feb. 11, 2025) – Leading advisory, tax and assurance firm Baker Tilly today announces its intent to acquire CironeFriedberg, a highly respected CPA and advisory firm in Connecticut. This strategic acquisition strengthens Baker Tilly’s presence in the Northeast, creating essential connections between New York and Boston.
Expanding in the Northeast is a critical step in our long-term growth strategy. CironeFriedberg brings a wealth of experience and industry expertise, further solidifying our commitment to this market.Fred Massanova, Baker Tilly’s chief growth officer and managing principal – Eastern U.S.
Joining Baker Tilly is an exciting opportunity for our firm and clients. The expanded reach and additional resources will allow us to provide even greater value and innovative solutions while maintaining the personal service our clients have come to expect.Tony Cirone, managing partner of CironeFriedberg
This acquisition follows Baker Tilly's recently announced intent to acquire Hancock Askew, further demonstrating the firm’s commitment to strategic growth across key markets. These acquisitions reflect the momentum generated by Baker Tilly’s private equity investment led by Hellman & Friedman and Valeas Capital Partners, accelerating the firm’s growth strategy and continuing to promise a bright future.
Allan Koltin, CEO of Koltin Consulting, advised on the transaction and highlighted its significance. “CironeFriedberg is known for its strong client relationships and industry expertise,” Koltin said. “Their addition to Baker Tilly enhances the firm’s ability to serve clients across the Northeast with expanded resources and specialized knowledge.”
About Baker Tilly (U.S.) (bakertilly.com)
Baker Tilly (U.S.) is a leading advisory, tax and assurance firm, providing clients with a genuine coast-to-coast and global advantage in major regions of the U.S. and in many of the world’s leading financial centers – New York, London, San Francisco, Los Angeles, Chicago and Boston. Baker Tilly Advisory Group, LP and Baker Tilly US, LLP (Baker Tilly) provide professional services through an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable laws, regulations and professional standards. Baker Tilly US, LLP is a licensed independent CPA firm that provides attest services to its clients. Baker Tilly Advisory Group, LP and its subsidiary entities provide tax and business advisory services to their clients. Baker Tilly Advisory Group, LP and its subsidiary entities are not licensed CPA firms.
Baker Tilly Advisory Group, LP and Baker Tilly US, LLP, trading as Baker Tilly, are independent members of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 143 territories, with 43,500 professionals and a combined worldwide revenue of $5.62 billion. Visit bakertilly.com or join the conversation on LinkedIn, Facebook and Instagram.
About CironeFriedberg (cironefriedberg.com)
CironeFriedberg is a leading CPA and advisory firm serving middle-market businesses, high-net-worth individuals, and not-for-profits in Connecticut and New York. With offices in Bethel, Shelton, and Darien, the firm offers a range of services, including tax, accounting, assurance, business valuation, strategic consulting, and outsourced CFO/Controller services.
Known for its commitment to quality and strong client relationships, CironeFriedberg specializes in industries such as manufacturing, real estate, construction, and medical practices, providing customized solutions to meet clients' unique needs. The firm is dedicated to helping clients succeed now and in the future.