Raleigh, N.C.-based IPA 100 firm Cherry Bekaert (FY22 net revenue of $349 million) is merging in Elgin, Ill.-based IPA 200 and Best of the Best firm PKF Mueller LLP (FY22 net revenue of $37.7 million).
“PKF Mueller’s long-standing reputation for delivering exceptional client service presents an exciting opportunity for us to further fortify our footprint in the Chicago area while leveraging our shared portfolio of services,” says Cherry Bekaert Advisory CEO Michelle Thompson. “Anticipating the collaboration with PKF Mueller and their clients, we are poised to amplify the spectrum of advisory excellence accessible to them.”
Founded in 1968, PKF Mueller provides a range of accounting, auditing, tax, consulting and business advisory services to a wide array of clients, including privately held and publicly traded companies, local governments and non-profit organizations across a variety of industries. As part of the deal, Cherry Bekaert will also acquire Mueller dotKonnect, a business process outsourcing firm specializing in finance, accounting, tax and payroll functions.
“Our current mission and core values match with those of Cherry Bekaert,” says PKF Mueller CEO David Nissen. “Through this acquisition, our dedicated people will build new skills and foster valuable relationships to further enhance our offerings.”
“PKF Mueller is a recognized accounting and consulting firm – they chose Cherry Bekaert because they felt it was a great cultural and strategic fit for their people and their clients,” adds Carl George, CEO of Carl George Advisors, who advised both sides on the acquisition. “This collaboration will yield significant benefits for their clients, employees, and the communities they serve. Both firms bring great leadership to the table, and I know they will work well together.”