Cherry Bekaert Launches New Specialty Practice

Richmond, Va.-based Cherry Bekaert LLP (FY14 net revenue of $130.8 million) announced the formation of THInc, a new specialty practice focused on middle market innovation and its impact on clients in the technology, health and industrial sectors.

“In the last few years, we have seen an enhanced focus on innovation as a growth catalyst within our middle market client base,” says Dawn Patrick, chair of the THInc practice and leader of Cherry Bekaert’s technology and health and life sciences industry groups. “Increasingly, the growth goals of our technology, health and industrial clients center on the challenges, risks and opportunities emerging from change and innovation. We have established this specialty practice to help clients translate innovative activity into tangible organizational and financial improvements and capitalization of market potential. THInc’s focus is to utilize our historical financial knowledge and perspective to help clients improve future performance and enhance growth through innovation.”

The firm’s THInc team includes more than 80 seasoned professionals with advisory, tax and accounting expertise in the areas of accounting and advisory; tax optimization; innovation strategy and consulting; innovation credits; business economics consulting; and SALT advisory. These industry experts leverage the knowledge gained from working with more than 600 clients in the technology, health and life sciences and industrial sectors. With these specialty resources, the firm hopes to help  clients apply solutions that support their new and emerging innovation requirements for growth.

“The establishment of THInc is a result of the firm’s extensive experience within the middle market and how these clients are seeking to achieve organizational goals through innovation,” said Kip Plowman, MP of strategic markets at Cherry Bekaert. “Our clients are looking to us to help them remain competitive and historically the middle market has been underserved relative to innovation. In most cases, our clients in these sectors view innovation as a key driver of their success. We are well-positioned to help them gain a competitive advantage and grow forward through innovation.”