Wolf acquires Kafafian | Accounting Today

Wolf & Co., a Top 75 Firm based in Boston, has acquired the Kafafian Group, a bank consulting firm in Bethlehem, Pennsylvania.

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The deal bolsters Wolf’s bank and credit union advisory services with expanded expertise in strategic planning, performance measurement and operational improvement. 

The Kafafian Group has provided consulting services for 25 years to more than 500 financial institutions in over 40 states with asset sizes up to $100 billion, offering management and financial advisory services, including profit and process improvement.

Financial terms of the deal were not disclosed. Wolf & Co. ranked No. 72 on Accounting Today‘s 2025 list of the Top 100 Firms, with $90.67 million in annual revenue, approximately 40 partners, 285 employees, and three offices.

“The Kafafian Group’s mission melds perfectly with the ethos of Wolf & Company’s Financial Institution practice,” said Wolf CEO and president Gerald Gagne in a statement Monday. “Together, we’ll continue to address the challenges of this highly regulated sector and provide clarity and confidence for banks and credit unions, even as the world around us evolves.”

Gagne plans to continue to serve as CEO of Wolf for the duration of his elected term. Kafafian chairman and CEO Robert Kafafian will remain in a senior role after the deal and continue working with clients. 

“We are proud, grateful, and incredibly humbled by the Kafafian Group’s achievements, and by combining with Wolf & Company, there is only more to come,” Kafafian said in a statement. “Not only have we worked with hundreds of financial institutions to capitalize on the opportunities ahead, but we’ve passed the knowledge and learnings of each interaction down to the future leaders of our firm. Our clients can be confident that the advisors they know and trust will continue to guide them. And for our team, this combination opens new doors for leadership and professional growth, ensuring our legacy of service and expertise endures well into the future.”

“We were drawn to Wolf & Company because we see value for our clients in having a dedicated advisor offering a comprehensive range of services,” said Kafafian Group president Jeffrey Marsico in a statement. “Wolf & Company’s core tenets — stability and growth — will elevate financial institutions’ ability to navigate the unique opportunities that lie before this industry today. Digital asset and AI adoption, cybersecurity services, assurance, tax… our clients will now have access to experienced experts in all these areas and more.”