Cherry Bekaert acquires Rhode Island's Sansiveri to deepen New England reach
What's the deal? Cherry BekaertDealroom has a profile for this one. Try Dealroom →, an accounting firm ranked No. 17 on Accounting Today's Top 100, has acquired Rhode Island-based Sansiveri, Kimball & Co.Dealroom has a profile for this one. Try Dealroom → The undisclosed deal adds about 60 professionals and strengthens the firm's presence across New England.
What each side brings: Cherry Bekaert posts $764 million in revenue, with over 200 partners, 58 offices, and more than 3,000 staff. Sansiveri brings expertise across construction, real estate, manufacturing, nonprofit, healthcare, and professional services.
Why now? The deal continues a private-equity-fuelled expansion that began in 2022, when Cherry Bekaert took investment from Parthenon Capital and adopted an alternative practice structure. In keeping with that structure, Cherry Bekaert Advisory LLC will acquire Sansiveri's nonattest assets, while Cherry Bekaert LLP takes the attest assets.
What's the endgame? Sansiveri extends a steady build-out in the region, following the 2024 Boston-area acquisition of Katz Nannis + SolomonDealroom has a profile for this one. Try Dealroom →. "Together, we are strengthening our position in New England, expanding opportunities for our people," said chief executive officer Michelle Thompson.
By the numbers: Since partnering with Parthenon, Cherry Bekaert has completed over a dozen deals. It merged in Calvetti FergusonDealroom has a profile for this one. Try Dealroom → in June and added TarsusDealroom has a profile for this one. Try Dealroom → in Washington, DC, before that; earlier purchases include Herbein + Co., Jameson, and Spicer Jeffries.
What Sansiveri says: "We were seeking a partner that shares our commitment to relationships, service excellence, and client success," said managing partner Jason DaPonte. He added that the firms could "provide broader resources and capabilities while preserving the client experience and culture."
The signal: The deal lands amid active regional consolidation, with Citrin CoopermanDealroom has a profile for this one. Try Dealroom → adding Massachusetts firm LGA in July and KLR and BGM making their own New England combinations this summer. Accounting firms are racing to build regional scale and broaden client capabilities, where local leadership and industry relationships can matter as much as added headcount.
Read more: accountingtoday.com
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