Latest news with #CherryBekaertAdvisoryLLC
Associated Press
25-03-2025
- Business
- Associated Press
Cherry Bekaert Achieves Top 20 Status on Accounting Today's 2025 Top 100 Firms List
The Firm Receives Multiple Prestigious Honors From Accounting Today RALEIGH, N.C., March 25, 2025 /PRNewswire/ -- Cherry Bekaert (the Firm) proudly announces its ranking as number 20 on Accounting Today's prestigious 2025 Top 100 Firms List. This recognition underscores Cherry Bekaert's commitment to excellence, innovation and client service in the accounting industry. The annual list showcases the top-grossing accounting firms of 2024, and Cherry Bekaert is honored to be acknowledged for its steadfast dedication to client success and industry leadership. Highlighted within Accounting Today's publication are Cherry Bekaert's strategic growth initiatives and client-focused approach, which have propelled the Firm's ascent in the industry. Over the past year, Cherry Bekaert has achieved significant milestones. Notable developments include the acquisition of Sage reseller Kerr Consulting in August, followed by Microsoft reseller ArcherPoint and solutions developer Suite Engine in October. Additionally, the Firm launched a newly designed website in November and capped the year with the acquisitions of Boston-area firm Katz Nannis + Solomon and Washington, DC-area firm DeBlanc, Murphy & Murphy in December. Cherry Bekaert is also honored to be ranked as the number one firm in the Southeast region. With roots based in Raleigh, NC, this accolade accentuates the Firm's exceptional client service and leadership in the Southeast, reinforcing our strong presence and influence in the Southeast, where we continue to serve a diverse range of clients with tailored solutions. In addition to these achievements, Cherry Bekaert has been distinguished in several other categories by Accounting Today: Leaders in Tax (Firms over $100M): Ranked #6 Leaders in Consulting (Firms over $100M): Ranked #2 Top Tax Firms: Ranked #26 'These rankings are a testament to the talent and dedication of our teams and their unwavering commitment to our clients and the Firm,' said Michelle Thompson, CEO, Cherry Bekaert Advisory LLC. 'We are honored to be recognized as a leader in the accounting and consulting industry and look forward to continuing to provide exceptional service to our clients while achieving even greater success in the future.' These accolades highlight Cherry Bekaert's strategic focus on integration and innovation across its operations, enabling the Firm to offer digitally driven, industry-aligned solutions that address today's business challenges. To view the full report from Accounting Today, download it here. About Cherry Bekaert Cherry Bekaert, ranked among the largest assurance, tax, and advisory firms in the U.S., serves clients across industries in the U.S. and internationally. 'Cherry Bekaert' is the brand name under which Cherry Bekaert LLP and Cherry Bekaert Advisory LLC, independently owned entities, provide professional services in an alternative practice structure in accordance with applicable professional standards. Cherry Bekaert Advisory LLC is not a licensed CPA firm. Cherry Bekaert LLP is a licensed CPA firm that provides attest services, and Cherry Bekaert Advisory LLC and its subsidiary entities provide business advisory and non-attest services spanning the areas of transaction advisory, risk and accounting advisory, digital solutions, cybersecurity, and tax. We exercise a deliberate curiosity to know our clients' industries and work collaboratively to create shared success. For more details, visit © 2025 Cherry Bekaert. All Rights Reserved.
Yahoo
13-02-2025
- Business
- Yahoo
Private Equity 2024 Year-in-Review and 2025 Outlook: Renewed Optimism in the M&A Market
RALEIGH, N.C., Feb. 13, 2025 /PRNewswire/ -- Cherry Bekaert (the Firm) has released its annual year-end Private Equity Industry Report, highlighting significant developments that impacted the private investment market in 2024. The report reflects renewed optimism for private equity (PE) following two years of decline and destabilization – the longest stretch in over a decade. Featuring data provided by Pitchbook and other sources, including proprietary Firm data, the report provides an in-depth analysis of the PE mergers and acquisitions (M&A) landscape and explores sector-specific trends and opportunities for funds, investors and financial sponsors. Overall, U.S. private equity deal value grew 19% year-over-year, as dealmaking showed strong momentum. While there is still softness in the market, the industry is seeing increased stabilization and normalization, resulting in a generally positive outlook for 2025. A summary of other key findings include: The valuation gap is closing, causing more deals to be completed Signs point to a surge in PE exits in upcoming cycle Megadeals rivaled record levels of 2021 Technology accounted for more than 20% of total buyout value Healthcare PE activity rebounded, spurred by large healthcare services and biopharma deals Improved financing conditions are paving the way for robust dealmaking in 2025 "The PE landscape is poised for continued growth and opportunity in 2025, fueled by innovation, strategic investments and dynamic market conditions," said Scott Moss, Partner and Financial Industry Practice Leader. "Funds that embrace the challenges and seize the opportunities will likely be rewarded." For the past few years, cautious optimism surrounded the PE landscape, but little substantial improvement materialized. As we look ahead, there is renewed hope for growth and abundant dealmaking opportunities, buoyed by increased stability, easing monetary pressures and a relaxed regulatory environment. Read the full report here. About Cherry Bekaert Cherry Bekaert, ranked among the largest assurance, tax, and advisory firms in the U.S., serves clients across industries in the U.S. and internationally. "Cherry Bekaert" is the brand name under which Cherry Bekaert LLP and Cherry Bekaert Advisory LLC, independently owned entities, provide professional services in an alternative practice structure in accordance with applicable professional standards. Cherry Bekaert Advisory LLC is not a licensed CPA firm. Cherry Bekaert LLP is a licensed CPA firm that provides attest services, and Cherry Bekaert Advisory LLC and its subsidiary entities provide business advisory and non-attest services spanning the areas of transaction advisory, risk and accounting advisory, digital solutions, cybersecurity, and tax. We exercise a deliberate curiosity to know our clients' industries and work collaboratively to create shared success. For more details, visit Cherry Bekaert LLP and Cherry Bekaert Advisory LLC are members of Allinial Global, an accountancy and business advisory global association. Visit us at and follow us on LinkedIn, Facebook, X or Instagram. © 2025 Cherry Bekaert. All Rights Reserved. View original content to download multimedia: SOURCE Cherry Bekaert
Yahoo
12-02-2025
- Business
- Yahoo
Global M&A Network Praises Cherry Bekaert's Transactions Practice and "Rising Star" Director
RALEIGH, N.C., Feb. 12, 2025 /PRNewswire/ -- Cherry Bekaert (the Firm) is pleased to announce it has been recognized by the Global M&A Network with the 2024 Accounting & Due Diligence Firm of the Year, the practice's fourth consecutive win. The Firm has also been honored with the USA Deal of the Year, acknowledging Cherry Bekaert's recent acquisition of Kerr Consulting. These awards were announced at the Global M&A Network's 16th Annual Americas M&A Atlas Awards gala at The Metropolitan Club in New York City on February 6, 2025. In addition, Luis Andre, Director in the Firm's Deal Advisory practice, was named a Rising Star Dealmaker, an award that recognizes the achievements of young dealmakers, validates their enthusiasm for the industry and celebrates their growing leadership ability. "Despite residual challenges in the M&A market, Cherry Bekaert's Transactions practice posted near-record results, advising on nearly 600 deals with an aggregate transaction value of over $19 billion. We applaud the tenacity and diligence of our entire Transaction Advisory team, especially dedicated individuals like Luis, who are contributing to our Firm's excellence," says Scott Moss, Cherry Bekaert Partner and Transactions Practice Leader. "On behalf of our Transactions practice and Cherry Bekaert, I want to thank Global M&A Network for these distinguished industry awards." About Global M&A Network The Global M&A Network is a diversified digital media and conference connecting company. The company produces the Turnaround Atlas Awards, Women Leaders & Dealmaker Awards and the M&A Atlas branded awards programs worldwide – from New York, Chicago, San Francisco, Hong Kong, Shanghai, Mumbai, to London. About M&A Atlas Awards The independently governed M&A Atlas Awards exclusively honors excellence in the categories of deals, teams and outstanding firms. About Cherry Bekaert Cherry Bekaert, ranked among the largest assurance, tax, and advisory firms in the U.S., serves clients across industries in the U.S. and internationally. "Cherry Bekaert" is the brand name under which Cherry Bekaert LLP and Cherry Bekaert Advisory LLC, independently owned entities, provide professional services in an alternative practice structure in accordance with applicable professional standards. Cherry Bekaert Advisory LLC is not a licensed CPA firm. Cherry Bekaert LLP is a licensed CPA firm that provides attest services, and Cherry Bekaert Advisory LLC and its subsidiary entities provide business advisory and non-attest services spanning the areas of transaction advisory, risk and accounting advisory, digital solutions, cybersecurity, and tax. We exercise a deliberate curiosity to know our clients' industries and work collaboratively to create shared success. For more details, visit Cherry Bekaert LLP and Cherry Bekaert Advisory LLC are members of Allinial Global, an accountancy and business advisory global association. Visit us at and follow us on LinkedIn, Facebook, X or Instagram. © 2025 Cherry Bekaert. All Rights Reserved. View original content to download multimedia: SOURCE Cherry Bekaert Sign in to access your portfolio
