Baker Tilly acquires West Virginia firm Hayflich CPAs
WEST VIRGINIA, UNITED STATES — Baker Tilly, an accounting firm headquartered in Chicago, has plans to buy Huntington, West Virginia-based Hayflich CPAs PLLC.
While financial terms of the deal were not announced, the acquisition is Baker Tilly’s third deal in February and marks the firm’s expansion in the Mid-Atlantic region.
Regional expertise meets global capabilities
“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.
“Together, we will create even greater opportunities for our clients and team members.”
Established in 1952, Hayflich CPAs offers audit, tax, and advisory services through offices in Huntington and Charleston. The firm focuses on servicing clients in the wholesale distribution, construction, and manufacturing sectors.
For Hayflich clients, the acquisition means access to Baker Tilly’s extensive network of specialized services while maintaining relationships with their trusted local advisors.
“Joining Baker Tilly opens new opportunities for our clients and team members,” said Rob Fuller, managing partner of Hayflich CPAs.
“We are excited to bring our local expertise to a firm that values strong client relationships and forward-thinking solutions.”
Growth strategy and structure
This acquisition aligns with Baker Tilly’s strategy of combining deep local knowledge with national and global capabilities.
As an advisory, tax and assurance firm, Baker Tilly has offices in major U.S. financial hubs such as New York, Chicago, San Francisco, and Boston.
The company has a global presence as an independent member of Baker Tilly International, a top 10 professional services network with 650+ offices in 143 territories, 43,500 professionals globally, and combined firm revenues of $5.6 billion.
As a result of Baker Tilly’s dual practice model since its private equity investment by Hellman & Friedman and Valeas Capital Partners, the deal will consist of two distinct purchases: Baker Tilly US LLP will purchase Hayflich’s attest assets, while Baker Tilly Advisory Group LP will purchase the nonattest assets.
This purchase comes after Baker Tilly’s recent acquisitions of Hancock Askew and CironeFriedberg, adding to its foothold in the eastern United States.
