Cohen & Co Expands Its Horizons with Recent Acquisition of Tassi and Company

Cohen & Co's Strategic Acquisition of Tassi and Company

Cohen & Co, a leading tax and accounting firm in the United States, has made a significant move in its growth strategy by acquiring Tassi and Company, a boutique accounting and consulting firm specializing in the real estate sector. This acquisition, set to close by the end of March 2025, marks an essential step in cementing Cohen & Co’s position in the competitive Chicago market.

Background on Tassi and Company

Founded in 1990 by Joe Tassi, Tassi and Company has established itself as a trusted partner for real estate owners, developers, managers, and investors. With a team of approximately 35 dedicated professionals, the firm offers a range of services, including outsourced fund and partnership accounting, property management, development accounting, and tax services. The firm has a notable focus on delivering innovative solutions tailored to the needs of the real estate industry.

Excitement and Expectations for the Acquisition

Chris Bellamy, CEO of Cohen & Co, expressed enthusiasm about the acquisition, stating, "We are excited to welcome Tassi and Company to our firm. The real estate and construction industry is crucial for growth, and this move will enhance our expertise and resources to better serve our clients. Additionally, it presents new career opportunities for employees of both our firms."

Echoing this sentiment, Joe Tassi highlighted the cultural fit between the two firms. He stated, "Cohen & Co shares our core values rooted in exceptional client service and employee well-being. This acquisition is a natural progression for our firm as we look to the future. We are confident that our clients and staff will benefit from Cohen & Co's visionary leadership and strategic direction."

Impact on Employees and Operations

As part of the deal, all professionals from Tassi and Company, including Joe Tassi, Terri Nietzel, and Gretchen Sampson, are expected to join Cohen & Co as partners. The team will continue operating from their current office in Deer Park, Illinois, thus ensuring a seamless transition while maintaining their existing client relationships. This acquisition further positions Cohen & Co to become one of the largest players in the Chicago area, joining their existing presence in the downtown Loop.

Strategic Investments and Future Plans

Cohen & Co has been actively pursuing a strategy to expand its portfolio and service offerings to meet the evolving needs of its clients. In late 2024, the firm announced a strategic growth investment from Lovell Minnick Partners, which aims to bolster its capabilities across various industries. This acquisition follows their earlier transaction involving Tax and Wealth Management, Inc. in January, reinforcing the firm's commitment to strategic growth and client service excellence.

Notable Achievements

Recognized by USA TODAY as one of America’s Most Recommended Tax and Accounting Firms, and by INSIDE Public Accounting as one of the Best of the Best Firms, Cohen & Co is dedicated to delivering top-notch assurance, tax, and advisory services. With a workforce of over 800 professionals across various states, the firm's influence continues to expand nationally and internationally, including operations in the Cayman Islands.

For those interested in learning more about Cohen & Co and their extensive range of services, visit cohenco.com.

As the acquisition of Tassi and Company approaches completion, both firms are looking forward to a promising future together, enhancing the value they provide to clients while fostering a supportive and innovative working environment.