Acquisition broadens outsourced accounting companies choices; introduces govt search, recruiting and short-term staffing choices.
Cordia has three workplaces within the Washington, D.C. metro space, strengthening Cherry Bekaert’s place available in the market and supporting native progress throughout service traces. Cordia Companions brings management and operational experience to the Agency by means of their outsourced accounting and advisory companies. Cordia Sources gives recruiting and staffing options to Cordia Companions’ shoppers, along with at the moment serving mid-to-large measurement corporations within the metro space. These companies will create a brand new service line for Cherry Bekaert that can profit each companies’ shoppers.
“The companies provided by Cordia complement these of Cherry Bekaert. This synergy affords our shoppers the chance to entry an expanded and progressive vary of service choices,” stated Mitchell Weintraub, CPA, Co-Founder and Managing Associate of Cordia Companions. “Moreover, this acquisition will allow our workforce to develop recent expertise and foster new connections, resulting in the creation of mutually useful achievements. We sit up for rising with Cherry Bekaert and are assured that it is a win-win state of affairs for our groups and the shoppers we serve.”
Cherry Bekaert expects this strategic merger will allow monetary leaders and enterprise homeowners to propel their companies ahead with the precision of outsourced accounting companies, the reliability of best-in-class monetary know-how alliances, and the potential to deal with expertise wants by means of a brand new recruiting and staffing arm.
“Embracing the facility of outsourced accounting companies is not only a resolution; it is a paradigm shift. By entrusting monetary intricacies to devoted professionals, organizations can launch their potential and give attention to what issues most to them: innovation and progress,” stated Srikant Sastry, Advisory Chief at Cherry Bekaert Advisory LLC. “Constructing on our present consumer accounting companies with the addition of staffing capabilities, we meet this want—creating sustainable worth for our shoppers.”
“We’re enthusiastic in regards to the synergies that can come up from this acquisition for the advantage of our shoppers. Becoming a member of Cherry Bekaert permits us to harness their experience and incorporate their service choices, enabling us to help extra consumer wants. Concurrently, our recruiting and staffing companies will lead to an enriched vary of choices for his or her clientele,” stated Joseph F. Greeves, CPA, Co-Founder, Cordia Companions and Managing Associate, Cordia Sources.
Clearsight Advisors, Inc. acted as sole monetary advisor to Cordia.
SOURCE: Cherry Bekaert