“ACT has top-notch talent, strong leadership and exceptional client relationships. We are committed to this region and excited for the possibilities this combination will bring.”Jeff Ferro, Baker Tilly regional managing partner – Eastern and Central U.S.
Press Release
Baker Tilly Acquires Arnett Carbis Toothman, LLP in Mid-Atlantic
CHARLESTON, W. Va. (Sept. 16, 2021) – Leading advisory CPA firm Baker Tilly US, LLP (Baker Tilly) announces its intent to acquire West Virginia-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, Ohio and 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.”
"Baker Tilly brings substantial resources and capabilities to ACT’s clients — and a team member experience to match. 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.”James Hunt, ACT CEO
About Baker Tilly US, LLP (bakertilly.com)
Baker Tilly US, LLP (Baker Tilly) is a leading advisory CPA firm, providing clients with a genuine coast-to-coast and global advantage in major regions of the U.S. and in many of the world’s leading financial centers – New York, London, San Francisco, Los Angeles and Chicago. Baker Tilly is an independent member of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 148 territories, with 36,000 professionals and a combined worldwide revenue of $4.0 billion. Visit bakertilly.com or join the conversation on LinkedIn, Facebook and Twitter.
About Arnett Carbis Toothman, LLP (actcpas.com)
Leaders in accounting and consulting since 1946, Arnett Carbis Toothman, LLP (ACT) provides forward thinking companies and businesses an array of class-leading services, supported by nearly three quarters of a century of accounting and consulting experience. ACT team members are well regarded in their fields and adept at pinpointing and executing the most efficient and cost effective services necessary to maintain the rhythm of your business.
