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Cherry Bekaert completed the acquisition of Cordia Partners and Cordia Resources.

Announced

Transaction Tags

  • Acquisition
  • Single Bidder
  • United States
  • technology consulting
  • recruiting services
  • accounting firm
  • Business Process Outsourcing
  • staffing
  • Outsourced HR and Staffing
  • Majority
  • Friendly
  • Domestic
  • Private
  • Completed

Synopsis

Cherry Bekaert, an accounting firm that offers tax, audit, and advisory solutions, completed the acquisition of Cordia Partners, an accounting firm that provides accounting, technology consulting, and business services, and Cordia Resources, a recruiting, staffing, and executive search firm specializing in placing accounting, finance, and other professionals. Financial terms were not disclosed. "The services offered by Cordia complement those of Cherry Bekaert. This synergy affords our clients the opportunity to access an expanded and innovative range of service offerings. Furthermore, this acquisition will enable our team to develop fresh skills and foster new connections, leading to the creation of mutually beneficial achievements. We look forward to growing with Cherry Bekaert and are confident that this is a win-win situation for our teams and the clients we serve," Mitchell Weintraub, Cordia Partners Co-Founder and Managing Partner.

Sources

Press Release

Cherry Bekaert

Transaction Value

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Consideration Type

Cash

Capital Owned

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Capital bid for

100%

EV/Sales

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EV/EBITDA

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Share Price Premium

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Service Providers (1)Dealmakers
Clearsight Advisors

financial advisors

Clearsight Advisors

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