Cherry Bekaert Expands Portfolio with Asset Acquisition of DeBlanc, Murphy & Murphy LLC

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Dec 04, 2024, 09:00 ET

RALEIGH, N.C., Dec. 4, 2024 /PRNewswire/ -- Cherry Bekaert is pleased to announce it 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 services offerings.

The acquisition of Deblanc, Murphy & Murphy, LLC's assets strengthens Cherry Bekaert's position in the greater Washington, DC market and expands its service offerings. DeBlanc, Murphy & Murphy, LLC is renowned for excellence in tax planning, audit and financial consulting. Clients will now have access to a broader range of specialized services.

DeBlanc, Murphy & Murphy, LLC has built a solid reputation for excellence, providing tailored solutions in tax planning, audit and financial consulting. Their commitment to personalized client care and deep industry knowledge provides comprehensive support for businesses and individuals.

Acquiring this business enables Cherry Bekaert to leverage DeBlanc, Murphy & Murphy, LLC's established client relationships and streamline operations. The acquisition enhances Cherry Bekaert's capabilities in audit and tax services and offers DeBlanc, Murphy & Murphy, LLC clients with access to a broader range of specialized services.

"Acquiring this business aligns with our strategic growth plan and enhances our ability to serve clients with the resources of a national leader," said Chief Executive Officer of Cherry Bekaert Advisory LLC, Michelle Thompson. "We are eager to integrate these assets and drive innovation and value."

The integration process is expected to be seamless, with both firms committed to maintaining the high standards of service and care that clients expect from them. The combined team will operate under the Cherry Bekaert brand.

"This acquisition strengthens our partnerships with our valued clients in the DMV," says Christoper L. DeBlanc, Managing Principal, DeBlanc, Murphy & Murphy, LLC. "It underscores our commitment to expanding our capabilities and delivering even greater value to our clients."

As is typical for firms that operate in alternative practice structures, the transaction consists of two acquisitions: Cherry Bekaert Advisors LLC acquired DeBlanc, Murphy & Murphy, LLC's nonattest assets while Cherry Bekaert LLP will acquire DeBlanc, Murphy & Murphy, LLC's attest assets.

About Cherry Bekaert

Cherry Bekaert, ranked among the largest assurance, tax, and advisory firms in the U.S., serves clients across industries in the U.S. 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 Advisory LLC is not a licensed CPA firm. 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, and tax. 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, X or Instagram.

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