Cherry Bekaert acquires assets of DeBlanc, Murphy & Murphy, LLC to strengthen its position in the greater Washington, DC market
Dec 04, 2024•about 1 year ago
Acquiring Company
Cherry Bekaert
Acquired Company
DeBlanc, Murphy & Murphy, LLC
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.
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