Matthews, N.C.-based LBA Haynes Strand (FY18 net revenue of $9.3 million) announced the acquisition of the Asheboro, N.C., office of Richmond, Va.-based Cherry Bekaert (FY19 net revenue of $219.3 million).
CEO John Bly says the acquisition is part of the firm’s growth plan to expand the firm’s footprint while adding high-quality team members to the Asheboro market. The firm employs nearly 80 professionals across five offices in North Carolina.
Cherry Bekaert partner Brad Crumpler has announced his retirement and will assist the firm through the transition period. Elizabeth Scott, senior associate, and Donna Smith, administrative assistant, will be joining the LBA Haynes Strand team.
LBA Haynes Strand principal Chris Bunting will continue to lead the firm’s assurance department while principals Dave Recchion and Courtney Ageon from the Greensboro office will maintain local relationships in the Asheboro community. The Greensboro office team will also be supporting clients in Asheboro.
LBA Haynes Strand plans to continue growing across North Carolina and the Southeast.