Cherry Bekaert completes acquisition of top-tier accounting software provider Kerr Consulting to bolster its technological capabilities
Aug 06, 2024•over 1 year ago
Acquiring Company
Cherry Bekaert
Acquired Company
Kerr Consulting
Description
Cherry Bekaert, a leading assurance, tax, and advisory firm, has successfully acquired Kerr Consulting, a premiere business applications and cloud technology provider. This strategic acquisition will position Cherry Bekaert as one of the largest Sage providers in the United States and enhance its technology component and industry expansion efforts.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed