New Jersey-based accounting, tax, and advisory firm SAX has acquired domestic peer Sewald & Anastasia CPAs for an undisclosed sum.

The move, effective 1 June 2025, bolsters SAX’s foothold in Monmouth County, New Jersey, while enhancing its capabilities in real estate and private client services.

SAX managing partner Joseph Damiano said: “This acquisition is strategic, as both SAX and Sewald & Anastasia are equally aligned in our service philosophies and our dedication to continued growth to best serve our clients.

“We are excited to welcome Charlie and his team to SAX. This partnership is a significant milestone for SAX, as our firm looks forward to leveraging this partnership to deliver enhanced value and innovative solutions to its clients across the region.”

Sewald & Anastasia, a tax and accounting firm with a legacy spanning 30 years, has served small to medium-sized enterprises across various key sectors.

With the acquisition, SAX adds an office in Morganville, New Jersey, along with the existing team from Sewald & Anastasia.

The deal brings Charlie Anastasia and Steven Sewald to SAX.

Their expertise is anticipated to enhance the firm’s offerings, particularly in industries such as construction, trucking, healthcare, and retail.

Anastasia will assume the role of Partner at SAX, while Sewald will join as a director within the firm’s Private Client Services Practice.

Anastasia's background in accounting and finance is expected to bolster SAX’s Real Estate Practice.

His career includes significant positions at Big Four firms, national firms, and boutique practices.

Licensed in New Jersey and New York, Anastasia’s client portfolio includes individuals, corporations, partnerships, public and private REITs, Opportunity Zone Funds, and small businesses.

Anastasia said: “This acquisition represents a unique opportunity to combine our strengths and deepen our commitment to delivering exceptional service to our clients.

“I look forward to working with SAX’s Real Estate Practice and helping our clients navigate the complexities of the industry with innovative solutions and personalised guidance.”

With this acquisition, SAX has expanded to a firm comprising 62 partners and a total of 367 employees. The firm now operates five offices across New Jersey, New York, and Mumbai, India, supported by a remote team that spans 22 states in the US.

"SAX acquires Sewald & Anastasia CPAs" was originally created and published by International Accounting Bulletin, a GlobalData owned brand.

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