The National Center for the Middle Market and Cherry Bekaert Announce Strategic Alliance

The National Center for the Middle Market (NCMM) and Richmond, Va.-based Cherry Bekaert LLP (FY14 net revenue of $130.8 million) announced a strategic alliance to provide ongoing insights into innovation and growth strategies for middle market companies.

“The National Center for the Middle Market is the premier resource on the U.S. middle market economy,” says Kip Plowman, MP of strategic markets at Cherry Bekaert. “The NCMM alliance enables us to keep a pulse on the key business trends driving innovation, capital investments and expansion and to directly benefit our clients and the business community. This type of proprietary thought leadership will be a key facet of THInc, our new specialty practice that serves the innovative needs of clients in the technology, health and industrial sectors.”

With revenues between $10 million and $1 billon, the nearly 200,000 companies that comprise the U.S. middle market encompass 44.5 million jobs, account for one-third of total private employment, and generate more than $10 trillion in combined revenues annually. “As a firm known for its innovative CPA and advisory practices, Cherry Bekaert advances our ability to look at the middle market in new and dynamic ways,” says Tom Stewart, executive director for the NCMM.

The two organizations conducted their first co-sponsored event in Atlanta in February for middle market CEOs and CFOs. Facilitated by Stewart of NCMM, in addition to a panel of renowned experts and business leaders, the group reviewed and discussed Q4, 2015 results from NCMM’s Middle Market Indicator—a measure of progress, plans and perspectives on growth collected from more than 1,000 senior executives from U.S. middle market companies.