Key Takeaways
- • Cherry Bekaert, a Raleigh-based accounting firm backed by Parthenon Capital, acquired risk management consultancy Accume Partners (backed by Nadavon Capital Partners) in an undisclosed-value deal, marking ChannelE2E's 909th tracked technology M&A transaction in 2022.
- • Accume Partners, founded in 1994 and based in Jersey City, brings 173 employees and specialized expertise in internal audit, regulatory compliance, enterprise risk management, technology risk management, and cybersecurity to Cherry Bekaert's 1,517-person workforce.
- • The acquisition strategically expands Cherry Bekaert's internal audit, risk, and compliance service offerings to the financial services industry and extends its risk advisory practice into the mid-Atlantic and Northeast U.S. regions.
- • Cherry Bekaert's leadership cited rising regulatory requirements as a driver for expanding its risk and compliance practice with specialized talent to serve client needs, reflecting broader industry consolidation trends in professional services.
Summary
Cherry Bekaert, an accounting and consulting firm founded in 1947 and backed by private equity firm Parthenon Capital, has acquired Accume Partners, a risk management and compliance advisory consultancy. The transaction closed without publicly disclosed financial terms. The deal represents the 909th technology-focused M&A transaction tracked by ChannelE2E through October 20, 2022.
Accume Partners, established in 1994 and based in Jersey City, New Jersey, operates with approximately 173 employees and specializes in internal audit, regulatory compliance, enterprise risk management, technology risk management, cybersecurity, and operations improvement. The firm is backed by Nadavon Capital Partners. Cherry Bekaert, headquartered in Raleigh, North Carolina, operates with 1,517 employees and delivers services across tax, accounting, consulting, government contracting, real estate and construction, and digital transformation.
The acquisition expands Cherry Bekaert's service portfolio in internal audit, risk, and compliance advisory—particularly within the financial services sector—and extends geographic reach into the mid-Atlantic and Northeast U.S. markets. According to Srikant Sastry, advisory leader at Cherry Bekaert, the firm is responding to intensifying regulatory requirements by strengthening its practice with specialized talent to address client needs. The transaction underscores a broader trend among traditional accounting firms expanding into specialized risk advisory and compliance services to serve increasingly complex regulatory environments across financial institutions.
Accume Partners, established in 1994 and based in Jersey City, New Jersey, operates with approximately 173 employees and specializes in internal audit, regulatory compliance, enterprise risk management, technology risk management, cybersecurity, and operations improvement. The firm is backed by Nadavon Capital Partners. Cherry Bekaert, headquartered in Raleigh, North Carolina, operates with 1,517 employees and delivers services across tax, accounting, consulting, government contracting, real estate and construction, and digital transformation.
The acquisition expands Cherry Bekaert's service portfolio in internal audit, risk, and compliance advisory—particularly within the financial services sector—and extends geographic reach into the mid-Atlantic and Northeast U.S. markets. According to Srikant Sastry, advisory leader at Cherry Bekaert, the firm is responding to intensifying regulatory requirements by strengthening its practice with specialized talent to address client needs. The transaction underscores a broader trend among traditional accounting firms expanding into specialized risk advisory and compliance services to serve increasingly complex regulatory environments across financial institutions.
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