Baker Tilly Acquires Accounting FIrm Arnett Carbis Toothman, LLP in Mid-Atlantic

Leading advisory CPA firm Baker Tilly US, LLP (Baker Tilly) announces its intent to acquire West Virgina-based accounting and consulting firm Arnett Carbis Toothman, LLP (ACT) and its subsidiaries. The combination will be effective Nov. 1, 2021.

For 75 years, ACT has been serving clients in West Virginia, Pennsylvania and Ohio. Several of their growing practices in healthcare reimbursement, outsourcing services and retirement plan consulting serve clients throughout the U.S.

“ACT has top-notch talent, strong leadership and exceptional client relationships,” said Jeff Ferro, Baker Tilly regional managing partner – Eastern and Central U.S. “We are committed to this region and excited for the possibilities this combination will bring.”

“Baker Tilly brings substantial resources and capabilities to ACT’s clients — and a team member experience to match,” ACT CEO James Hunt said. “There is a natural synergy and genuine respect between our firms, and we know that Baker Tilly is the right place with the right vision and strategy to excel.” ACT’s 275 team members will join Baker Tilly.

Following Baker Tilly’s acquisition of ACT, James Hunt will become managing partner – Pennsylvania and West Virginia markets, overseeing offices in both states. In the coming year, Fred Massanova, currently Baker Tilly managing partner – Pennsylvania and native to Philadelphia, will take on a regional leadership role as managing partner – Eastern U.S., reporting to Jeff Ferro. Ferro is leading the expansion of Baker Tilly’s Mid-Atlantic and Northeast footprint with a particular focus on the I-95 corridor.

Allan D. Koltin, CEO of Koltin Consulting Group, advised both firms on the combination. “ACT is an exceptionally well-managed firm and was an attractive potential partner to a number of other top accounting and consulting firms wanting to grow in the Mid-Atlantic region. Baker Tilly’s strategy and client service philosophy combined with its people-centric workplace emerged as the natural choice to catapult ACT’s future-forward vision.”