PRESS RELEASE Baker Tilly Enters Boston with Acquisition of The MFA Companies Nov 04, 2021 Share Expansion positions Baker Tilly’s life sciences practice in 10 of the top 13 life sciences clusters in the U.S. BOSTON (Nov. 4, 2021) – Leading advisory CPA firm Baker Tilly US, LLP (Baker Tilly) announces its intent to acquire Boston-based accounting and advisory firm The MFA Companies (MFA). The combination will be effective Dec. 2, 2021. MFA has been serving clients in the Boston metro area for 40 years. With expanded coverage along the northeast I-95 corridor, from Washington, D.C., to Boston, this combination turbo-charges the firms’ ability to scale and serve clients, notably in healthcare, technology, higher education, private equity and government contractors. Thirteen markets are fueling the bulk of growth in the U.S. life sciences industry. Baker Tilly’s robust life sciences practice has a strong presence in 10 of those 13, with Boston-Cambridge as the No. 1 life sciences cluster in the country. “Boston is a hub for business and technology and is a strategic market for Baker Tilly. MFA is a progressive firm whose talented team members challenge the status quo to innovate and design meaningful solutions in this market and beyond.” Baker Tilly CEO Alan Whitman “Boston is a hub for business and technology and is a strategic market for Baker Tilly,” Baker Tilly CEO Alan Whitman said. “MFA is a progressive firm whose talented team members challenge the status quo to innovate and design meaningful solutions in this market and beyond.” “We recognized in Baker Tilly a vision and strategy that resonates with our holistic approach to the financial vitality of our clients and their businesses,” MFA Managing Partner Carl Famiglietti said. “Our purpose has been to change people’s futures – joining Baker Tilly elevates our commitment to our members and customers to even greater heights with a broader array of impactful solutions, top-notch talent and coast-to-coast industry expertise.” MFA’s 200 team members will join Baker Tilly. With MFA’s leadership succession previously determined, Carl Famiglietti, who’s been MFA’s managing partner for nearly two decades, will devote the next year to supporting and guiding a successful integration of the two firms. Upon the combination's effective date, MFA Partner Will Andronico will become Baker Tilly's managing partner – New England and work closely with Carl to foster growth opportunities for clients and team members. Allan D. Koltin, CEO of Koltin Consulting Group, advised both firms on the combination. “This combination is a huge step for Baker Tilly as they continue executing their strategy. MFA prides itself on breaking the mold, and its progressive culture will be an incredible competitive asset for Baker Tilly’s growth plans.” “We recognized in Baker Tilly a vision and strategy that resonates with our holistic approach to the financial vitality of our clients and their businesses. Our purpose has been to change people’s futures – joining Baker Tilly elevates our commitment to our members and customers to even greater heights with a broader array of impactful solutions, top-notch talent and coast-to-coast industry expertise.” MFA Managing Partner Carl Famiglietti 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 The MFA Companies (themfacompanies.com) The MFA Companies® (MFA) is an accounting and advisory firm partnering with private, public and nonprofit entities across the U.S. and internationally to help them make smart business decisions and position their organizations for strategic, financial and operational success. First established as a CPA Firm over 40 years ago, The MFA Companies of today delivers tax, audit, business consulting and financial advisory solutions that help forward-looking, strategic enterprises and their leaders achieve growth and economic vitality. 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