Cherry Bekaert Enhances Its Service Portfolio Through DeBlanc, Murphy & Murphy Acquisition

Cherry Bekaert Expands Its Reach with DeBlanc, Murphy & Murphy LLC Acquisition

In a significant move aimed at strengthening its market position, Cherry Bekaert has announced the acquisition of substantially all assets of DeBlanc, Murphy & Murphy, LLC, a respected firm known for its expertise in accounting, tax, and advisory services. This strategic acquisition, finalized on December 4, 2024, is expected to bolster Cherry Bekaert's capabilities and expand its service portfolio in the greater Washington, DC area.

DeBlanc, Murphy & Murphy has long been a beacon of excellence, providing tailored solutions in tax planning, audit, and financial consulting. With a commitment to delivering personalized client care, the firm has established a solid reputation, attracting a diverse clientele amongst businesses and individuals alike. The acquisition allows Cherry Bekaert to leverage these established relationships, aiming to enhance service delivery and client outcomes.

Michelle Thompson, CEO of Cherry Bekaert Advisory LLC, expressed enthusiasm regarding the acquisition, stating, "We are excited about the opportunity to integrate the assets of DeBlanc, Murphy & Murphy into our operations. This acquisition aligns perfectly with our strategic growth objectives and enhances our ability to service our clients with the robust resources of a national leader."

The transition is designed to be seamless, with both Cherry Bekaert and DeBlanc, Murphy & Murphy committed to upholding the high standards of service their clients expect. As part of this merger, the combined teams will operate under the well-established Cherry Bekaert brand, further consolidating its presence in the accounting and advisory sector.

The acquisition involves a dual structure, with Cherry Bekaert Advisors LLC acquiring DeBlanc, Murphy & Murphy's non-attest assets, while Cherry Bekaert LLP will take over the firm's attest assets. Such a structured approach ensures that both firms can maintain their operational effectiveness while creating new opportunities for clients through an extensive range of specialized services.

Christopher L. DeBlanc, Managing Principal of DeBlanc, Murphy & Murphy, commented on the acquisition, noting, "This collaboration strengthens our existing relationships with our dedicated clients. It marks an exciting step for our firm, allowing us to broaden our capabilities and deliver greater value through this integration."

Cherry Bekaert, recognized as one of the largest assurance, tax, and advisory firms in the United States, prides itself on providing exceptional professional services across various industries both domestically and internationally. The acquisition of DeBlanc, Murphy & Murphy enhances its ability to offer comprehensive solutions across audit, tax, and advisory functions while ensuring that clients have access to the best resources available.

This merger not only reflects Cherry Bekaert's commitment to growth but also highlights their philosophy of understanding different industries and working closely with clients to foster shared success. As they embark on this new chapter, the firm remains dedicated to its core values of collaboration, innovation, and expertise. For more information on their services and latest updates, interested parties can visit cbh.com.