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B U S I N E S S P RO F I L E S 40 A time to celebrate With its mind on the firm's 30th anniversary, this summer has been one of nostalgia and celebration at Baker Newman Noyes (BNN). Last month, employees from five offices across New England got together for their 30th annual Summer Outing: a full day of music and food trucks, games and contests, and, harkening back to the firm's earliest days, BNN Employee Awards, where employees were able to nominate each other for a variety of award categories reflective of the firm's friendly culture and core values. "One of our goals this year has been to bring an element of fun to the whole team as we celebrate this exciting milestone," says Andrew Smith, Chairperson of BNN's Board of Directors and Tax Principal. "It's what our founders – Ellie, Tom, Al, and so many others – would have wanted and our activities this summer have felt very true to who BNN is." A journey begins with deep local roots BNN was founded in Portland, Maine by a small group of experienced accountants who wanted to create opportunities for their clients, serve and support their community, and put the people of the firm first in every move it made. "Today, celebrating our 30th year in business, that founda- tion is exactly what's gotten us here," says Smith. Although its roots can be traced back to 1938 when Richard Baker founded the accounting firm Baker & Adam in Portland, today's firm really took shape in 1995 when Newman Noyes and Associates merged with the Portland office of KPMG. BNN was formed with more than 80 employees. e firm's ethos was clear: a local firm serving local businesses and individuals in New England. As its client base and workforce grew in its first decade, BNN saw added value and possibility in being hyper-local with a larger footprint. e firm expanded into Manchester, N.H. in 1999 and then to Portsmouth, N.H. in 2003. e firm was known in Maine and New Hampshire as an independent, locally controlled business dedicated to strengthening the com- munities where its people and clients lived and worked. BNN's early clients were much like the firm itself: independent, locally owned, entrepreneurial, and rooted in their communities. "Many of these early clients are still working with the firm today," says President & CFO Darren Hurlburt. "at's a result of the importance we place on shared values and vision and growing together." Expansion leading to national recognition In 2010, BNN entered a major market for the first time, expand- ing south into Boston and establishing itself as a truly regional firm. Several mergers followed, growing BNN's workforce and physical footprint, as well as its specialized capabilities for a few key practices. is continuous organic growth culminated in a significant milestone for the firm in 2016 when, for the first time, it was listed on the IPA's Top 100 U.S. Firms list at No. 94. "I attribute our rapid growth during this time to the success- ful client service model established by our founders," says Smith. "is model has developed through the years to meet the shift- ing needs of our clients and to be responsive of broader market changes, but we have always stayed true to what our founders started: fostering the incredible talent of our people and deliver- ing the highest level of quality, trust, efficiency, and transparency." e firm opened its fifth office in Woburn, Mass. in January 2020, bolstering its resources and offering employees and cli- ents a suburban hub, bridging New Hampshire and Maine with downtown Boston, all while deepening its market share in Maine through strategic advisory services. Value-added solutions from trusted advisors BNN's reputation demonstrates competency, innovation, and an empathetic eye toward its clients' needs. e firm offers a diverse array of services including international tax, outsourced accounting, business advisory, internal control compliance, risk assurance, and transaction advisory, among others. B U S I N E S S P R O F I L E S P O N S O R E D C O N T E N T Baker Newman Noyes A Future Founded in Trusted Relationships " Our approach prioritizes engaging with clients early on to identify pain points and maximize opportunities through tailored solutions. As much as we can, we want to be a full-service professional advisory f irm for the businesses and individuals we serve. " — Darren Hurlburt, President & CFO Above: Founders of Baker Newman Noyes P H O T O C O U R T E S Y O F B A K E R N E W M A N N O Y E S

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