Raleigh, N.C.-based IPA 100 firm Cherry Bekaert (FY24 net revenue of $658 million) has acquired the business of Richardson Kontogouris Emerson LLP (RKE), a Torrance, California-based accounting and advisory firm founded in 2006.
The acquisition expands Cherry Bekaert’s West Coast presence and strengthens its ability to serve middle-market clients in Southern California. RKE has provided accounting, tax, financial, litigation support and strategic planning services to clients across industries including manufacturing and consumer products, real estate, construction, and food and beverage.
“This acquisition marks an exciting step in our Firm’s growth strategy,” said Michelle Thompson, CEO of Cherry Bekaert Advisory LLC. “RKE’s strong presence in Los Angeles and its commitment to client service align perfectly with our values. Together, we will deliver enhanced value to clients by combining RKE’s local relationships with Cherry Bekaert’s national scale and expanding our reach in the Western United States.”
“Joining Cherry Bekaert opens new doors for our clients and team,” said Christian Emerson, MP of RKE. “This strategic partnership gives our clients access to broader resources — from specialized advisory to advanced technology — while continuing to work with the valued RKE professionals they know and trust. We’re excited to deliver an expanded suite of services with the same quality and care our clients have come to expect from RKE.”
As part of the transaction, Cherry Bekaert Advisory LLC will acquire RKE’s business advisory, tax and other nonattest service assets, while Cherry Bekaert LLP will acquire the firm’s attest assets. RKE will operate under the Cherry Bekaert brand.
