Top 10 Firm Baker Tilly announced plans to acquire West Virginia-based Hayflich CPAs PLLC, in its third deal this month.
Based in Huntington and founded in 1952, Hayflich provides audit, tax and advisory services, with specialties in the wholesale distribution, construction and manufacturing industries.
"Hayflich CPAs has built a strong reputation over its 70-year history, and we are excited to welcome their talented team to Baker Tilly," said Fred Massanova, Baker Tilly's chief growth officer, in a statement Thursday. "Together, we will create even greater opportunities for our clients and team members."
The acquisition follows on the heels of Baker Tilly's intention, announced earlier this month, to acquire both
Terms of the deal were not disclosed. As a result of its PE deal, Baker Tilly operates in the alternative practice structure that is common with those deals. As a result, the Hayflich deal will involve two acquisitions: Baker Tilly US LLP will acquire the firm's attest assets, while Baker Tilly Advisory Group LP will acquire its nonattest assets.
"Joining Baker Tilly opens new opportunities for our clients and team members," said Rob Fuller, managing partner of Hayflich CPAs, in a statement. "We are excited to bring our local expertise to a firm that values strong client relationships and forward-thinking solutions."
Prior to taking on PE funding, in 2022, Baker Tilly merged in
