Top 10 accounting firm Baker Tilly is planning to expand its presence in the Mid-Atlantic region saying Thursday it’s intending to acquire Huntington, WV-based Hayflich CPAs.
Financial terms of the deal weren’t disclosed.
Founded in 1952, Hayflich provides a full range of audit, accounting, tax, and management advisory services for its clients, with specialization in the wholesale distribution, construction, and manufacturing industries. In addition to its Huntington office, the firm also has an office in Charleston, WV.
“Hayflich CPAs has built a strong reputation over its 70-year history, and we are excited to welcome their talented team to Baker Tilly,” Fred Massanova, Baker Tilly’s chief growth officer, said in a statement. “Together, we will create even greater opportunities for our clients and team members.”
Rob Fuller, managing partner of Hayflich CPAs, added, “Joining Baker Tilly opens new opportunities for our clients and team members. We are excited to bring our local expertise to a firm that values strong client relationships and forward-thinking solutions.”
Chicago-based Baker Tilly, which received private equity backing from investment firms Hellman & Friedman and Valeas Capital Partners a little over a year ago, operates in an alternative practice structure. This transaction will involve two acquisitions: Baker Tilly US LLP will acquire Hayflich’s attest assets, while Baker Tilly Advisory Group LP will acquire the firm’s nonattest assets.
Baker Tilly has made two other deals earlier this month, acquiring top 200 CPA firm Hancock Askew and top 400 accounting firm CironeFriedberg.
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