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Cherry Bekaert acquires assets of DeBlanc, Murphy & Murphy, LLC to strengthen its position in the greater Washington, DC market

Dec 04, 2024about 1 year ago

Acquiring Company

Cherry Bekaert

Acquired Company

DeBlanc, Murphy & Murphy, LLC

RaleighLa PlataSoftwareAccounting

Description

Cherry Bekaert has acquired substantially all the assets of DeBlanc, Murphy & Murphy, LLC, a renowned firm specializing in accounting, tax and advisory services. This strategic acquisition aims to strengthen Cherry Bekaert's position in the greater Washington, DC market and expand its service offerings, enhancing its capabilities in audit and tax services and leveraging DeBlanc, Murphy & Murphy, LLC's established client relationships.

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