High 30 accounting agency Cherry Bekaert stated on Sept. 13 it has acquired Vienna, VA-based Cordia Companions and Cordia Sources. Phrases of the deal weren’t disclosed.
Cordia Companions is a full-service supplier of outsourced accounting, enterprise advisory, know-how, and enterprise course of consulting companies. Cordia Sources gives recruiting and staffing options for Cordia Companions’ native and nationwide shoppers. Mixed they’ve greater than 250 workers and roughly $48 million in complete annual income.
“Cordia gives a main alternative for us to increase our choices and strengthen our follow within the Washington, D.C. metro space,” Michelle Thompson, CEO of Cherry Bekaert Advisory LLC, stated in a press launch. “Cordia Companions considerably boosts our consumer accounting companies capabilities and capability, whereas Cordia Sources brings a totally new additive recruiting service to our present choices. We stay up for working with Cordia to offer our shoppers with the most effective technical and monetary help potential.”
Cordia has three places of work within the Washington, D.C. metro space, which solidifies Cherry Bekaert’s place out there and helps native development throughout service strains.
“The companies supplied by Cordia complement these of Cherry Bekaert. This synergy affords our shoppers the chance to entry an expanded and progressive vary of service choices,” stated Mitchell Weintraub, CPA, co-founder and managing associate of Cordia Companions. “Moreover, this acquisition will allow our group to develop contemporary expertise and foster new connections, resulting in the creation of mutually useful achievements. We stay up for rising with Cherry Bekaert and are assured that this can be a win-win scenario for our groups and the shoppers we serve.”
Cherry Bekaert is the twenty sixth largest accounting agency within the U.S. by income, pulling in $349 million throughout its most up-to-date fiscal 12 months. The agency has 1,850-plus workers, greater than 155 companions, and now has 36 places of work in 17 states.