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Cherry Bekaert completes acquisition of top-tier accounting software provider Kerr Consulting to bolster its technological capabilities

Aug 06, 2024over 1 year ago

Acquiring Company

Cherry Bekaert

Acquired Company

Kerr Consulting

RaleighThe WoodlandsSoftwareSoftware

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.

Company Information

Company

Cherry Bekaert

Location

Raleigh, North Carolina, United States

About

Cherry Bekaert, ranked among the largest assurance, tax and advisory firms in the U.S., serves clients across industries in all 50 U.S. states 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 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, tax, benefits consulting, and wealth management. We exercise a deliberate curiosity to know our clients' industries and work collaboratively to create shared success. For more details, visit cbh.com/disclosure. Cherry Bekaert LLP and Cherry Bekaert Advisory LLC are members of Allinial Global, an accountancy and business advisory global association. Visit us at cbh.com and follow us on LinkedIn, Facebook, Twitter or Instagram. © 2022 Cherry Bekaert. All Rights Reserved. SOURCE Cherry Bekaert

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M&A Insights

Based on deal data
Integration 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