Cherry Bekaert (formerly Cherry, Bekaert & Holland L.L.P.) is a
professional services Professional services are occupations in the service sector requiring special training in liberal arts and pure sciences education or professional development education. Some professional services, such as architects, accountants, engineers, d ...
firm based in
Raleigh, North Carolina
Raleigh ( ) is the List of capitals in the United States, capital city of the U.S. state of North Carolina. It is the List of municipalities in North Carolina, second-most populous city in the state (after Charlotte, North Carolina, Charlotte) ...
. It provides
assurance,
consulting
A consultant (from "to deliberate") is a professional (also known as ''expert'', ''specialist'', see variations of meaning below) who provides advice or services in an area of specialization (generally to medium or large-size corporations). Cons ...
,
financial advisory
Corporate services or business services are activities which combine or consolidate certain enterprise-wide needed support services, provided based on specialized knowledge, best practices, and technology to serve internal (and sometimes external) ...
, and
tax
A tax is a mandatory financial charge or levy imposed on an individual or legal entity by a governmental organization to support government spending and public expenditures collectively or to regulate and reduce negative externalities. Tax co ...
services. Employing over 1,350 people, Cherry Bekaert has offices in California, Maryland, Virginia, Washington, D.C., Florida, Georgia, North Carolina, Rhode Island, Texas, Tennessee, and South Carolina.
History
Cherry Bekaert began in 1947 as a small practice in Wilmington, North Carolina, led by Harry Cherry. Charles Bekaert and William Holland joined the Firm in 1952 and 1953 respectively. The firm moved into the Richmond, Virginia, area in 1988, eventually relocating the corporate headquarters to Richmond from Charlotte in 1991.
In February 2013, Cherry Bekaert & Holland LLP launched a strategic rebranding initiative under the new name of Cherry Bekaert LLP. As part of the rebranding, Cherry Bekaert introduced its new tagline, "Your Guide Forward."
Beginning May 1, 2018, Michelle Thompson succeeded Howard Kies as Cherry Bekaert's Firm Managing Partner and Chief Executive Officer. Kies served as the firm's CEO and Firm Managing Partner for 27 years prior to Thompson's appointment.
The firm acquired Powell, Ebert & Smolik of Austin in 2018, and in January 2019, Cherry Bekaert announced the acquisition of Flieller, Kruger & Skelton, also in Austin.
In February 2020, Cherry Bekaert LLP announced the acquisition of Icimo LLC, an analytics firm based in Raleigh. In July 2020, the firm acquired PMB Helin Donovan.
In November 2021, Cherry Bekaert acquired TaxGroup Partners,
a national private equity and transaction tax advisory firm based in California. In 2022, the firm moves its headquarters to Raleigh, North Carolina.
On June 30, 2022, Cherry Bekaert announced Parthenon Capital will invest in the Firm’s business advisory practices. Cherry Bekaert will be the overall brand name. Cherry Bekaert LLP, a licensed CPA firm, will provide attest services and Cherry Bekaert Advisory LLC will provide business advisory and non-attest services.
References
External links
* {{official, http://www.cbh.com/
Allinial Global Official WebsiteCherry Bekaert LLP Wealth Management Official Website
Accounting firms of the United States
Management consulting firms of the United States
Companies based in Raleigh, North Carolina
American companies established in 1947