Cherry Bekaert Expands New England Reach with Sansiveri Acquisition
Cherry Bekaert, one of the foremost accounting and advisory firms in the United States, has officially announced its acquisition of Sansiveri, Kimball & Co., LLP. Based in Rhode Island, Sansiveri is a respected accounting and advisory firm known for its extensive client service across various industries in New England. This strategic move not only amplifies Cherry Bekaert's operational footprint in the region but also significantly enhances its client capabilities.
The integration of Sansiveri into Cherry Bekaert represents a major step in the firm’s growth trajectory, allowing it to offer more comprehensive services. With a team of roughly 60 professionals joining the Cherry Bekaert ranks, Sansiveri brings established local leadership and valuable client relationships. Their expertise spans key industries including construction, real estate, manufacturing, non-profit, healthcare, and professional services, making them a significant asset to Cherry Bekaert's existing portfolio.
Both firms share a strong commitment to building trusted relationships and delivering exceptional client services, values deeply embedded in their cultures. Cherry Bekaert CEO Michelle Thompson expressed enthusiasm about the acquisition, emphasizing that the partnership aligns perfectly with their shared goals of client-centric service and community impact. This acquisition not only enhances Cherry Bekaert’s ability to serve its clientele in New England but also opens up new opportunities for both firms’ employees.
"Joining Cherry Bekaert not only strengthens our firm’s position in the region, but it also enhances the resources and support available for our clients and team members," said Jason DaPonte, Managing Partner of Sansiveri. "We sought a partner with a similar philosophy in client care and growth, and we found that in Cherry Bekaert. Together, we can continue to provide excellent service while leveraging our combined strengths."
The transaction details indicate that Cherry Bekaert Advisory LLC will be acquiring Sansiveri’s non-attest assets, while Cherry Bekaert LLP will take on the firm’s attest assets. This divide allows Cherry Bekaert to integrate Sansiveri’s client base seamlessly while adhering to regulatory requirements governing accounting firms.
In a broader context, the acquisition underscores Cherry Bekaert’s strategic focus on expanding its geographical reach and investing in talent that elevates its service capabilities for middle-market clients across the country. By bolstering its workforce with knowledgeable professionals from Sansiveri, Cherry Bekaert is well-positioned to enhance its offerings and maintain its competitive edge in the fast-evolving accounting landscape.
Founded on principles of exceptional client service and trust, Cherry Bekaert has solidified its reputation as one of the top accounting firms in the nation. This acquisition is expected to propel the firm further into leadership positions within the accounting and advisory sectors, as it continues to navigate the complexities of today’s business world while providing invaluable insights and support to its clients.
For further details about Cherry Bekaert and its diverse range of services, prospective clients and interested parties can visit their official website and stay updated with industry trends facilitated by the firm. The collective expertise now available through this acquisition promises to be a game-changer in how accounting and advisory services are delivered in New England and beyond.
The integration of Sansiveri into Cherry Bekaert represents a major step in the firm’s growth trajectory, allowing it to offer more comprehensive services. With a team of roughly 60 professionals joining the Cherry Bekaert ranks, Sansiveri brings established local leadership and valuable client relationships. Their expertise spans key industries including construction, real estate, manufacturing, non-profit, healthcare, and professional services, making them a significant asset to Cherry Bekaert's existing portfolio.
Both firms share a strong commitment to building trusted relationships and delivering exceptional client services, values deeply embedded in their cultures. Cherry Bekaert CEO Michelle Thompson expressed enthusiasm about the acquisition, emphasizing that the partnership aligns perfectly with their shared goals of client-centric service and community impact. This acquisition not only enhances Cherry Bekaert’s ability to serve its clientele in New England but also opens up new opportunities for both firms’ employees.
"Joining Cherry Bekaert not only strengthens our firm’s position in the region, but it also enhances the resources and support available for our clients and team members," said Jason DaPonte, Managing Partner of Sansiveri. "We sought a partner with a similar philosophy in client care and growth, and we found that in Cherry Bekaert. Together, we can continue to provide excellent service while leveraging our combined strengths."
The transaction details indicate that Cherry Bekaert Advisory LLC will be acquiring Sansiveri’s non-attest assets, while Cherry Bekaert LLP will take on the firm’s attest assets. This divide allows Cherry Bekaert to integrate Sansiveri’s client base seamlessly while adhering to regulatory requirements governing accounting firms.
In a broader context, the acquisition underscores Cherry Bekaert’s strategic focus on expanding its geographical reach and investing in talent that elevates its service capabilities for middle-market clients across the country. By bolstering its workforce with knowledgeable professionals from Sansiveri, Cherry Bekaert is well-positioned to enhance its offerings and maintain its competitive edge in the fast-evolving accounting landscape.
Founded on principles of exceptional client service and trust, Cherry Bekaert has solidified its reputation as one of the top accounting firms in the nation. This acquisition is expected to propel the firm further into leadership positions within the accounting and advisory sectors, as it continues to navigate the complexities of today’s business world while providing invaluable insights and support to its clients.
For further details about Cherry Bekaert and its diverse range of services, prospective clients and interested parties can visit their official website and stay updated with industry trends facilitated by the firm. The collective expertise now available through this acquisition promises to be a game-changer in how accounting and advisory services are delivered in New England and beyond.
Topics Financial Services & Investing）
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