SAX Acquires Sewald & Anastasia CPAs

On Jun 11, 2025

Accounting, tax, and advisory firm SAX has acquired Sewald & Anastasia CPAs. This alliance enhances Parsippany-based SAX’s presence in Monmouth County and strengthens its real estate and private client service capabilities through the addition of seasoned experts Charlie Anastasia and Steven Sewald.

In 2023, Steven Sewald & Co. merged with Charles Anastasia to form Sewald & Anastasia. After nearly two years of strong growth in the South Jersey market, the two lifelong tax professionals and softball teammates saw the opportunity of joining SAX as the next stage of the firm’s natural evolution. Sewald & Anastasia, a full-service tax and accounting firm with a 30-year legacy, has long served small to medium-sized businesses across key vertical markets, including construction, trucking, healthcare, and retail. This acquisition will bolster SAX’s capabilities in these vital sectors.

The integration includes an office located in Morganville, along with a talented team. Charlie Anastasia, who serves as owner and managing partner of Sewald and Anastasia will join SAX as a Partner. In addition, Steven Sewald will be joining the firm’s dynamic and growing private client services practice as a director, bringing over deep industry knowledge and a strong dedication to delivering outstanding client service.

Anastasia’s experience will help to strengthen SAX’s real estate practice, leveraging his extensive experience in the accounting and finance sectors to drive innovative strategies and solutions for clients.

“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,” said Joseph Damiano, SAX managing partner. “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.”

“I am thrilled to join SAX and contribute to the firm’s already impressive legacy,” said Anastasia. “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 personalized guidance.”

As a result of this partnership, SAX is now a 62-partner firm with 367 total employees. The firm now has five offices between New Jersey, New York, and Mumbai, India, and has a remote team that spans 22 U.S. states. Will Walsh of 1LifeConsulting, LLC consulted on the transaction.

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