Cherry Bekaert Acquires CTS Capital Advisors

Richmond, Va.-based Cherry Bekaert (FY18 net revenue of $194.7 million) announces that it has acquired CTS Capital Advisors to expand its transaction advisory and valuation services.

The deal adds 25 due diligence and valuation professionals to the Cherry Bekaert. CTS, located in Bethesda, Md., specializes in buy- and sell-side due diligence, valuation, CFO outsourcing and business advisory services. The firm has advised companies on more than 500 deals, totaling over $13 billion in transaction value.

Three CTS professionals are joining Cherry Bekaert as principals: Jeffrey Bengtson, Sean Geoghan and Sidney Glick. Bengtson, a former co-founder and managing member of CTS, is also becoming national leader of Cherry Bekaert’s transaction advisory services practice.

“The demand for our transaction advisory and valuation services continues to grow,” says Cherry Bekaert MP of advisory services Scott Moss in a statement. “The leadership of Jeff and Sean, along with the talent and experience we are bringing in with the CTS professionals, will allow us to meet this demand and expand our service capabilities in the areas of financial due diligence, global transaction advisory, valuation, and mergers and acquisitions consulting.”

Bengtson says, “The cultural fit and shared growth vision made Cherry Bekaert an ideal match for CTS. The combined service capabilities platform and national reach will greatly benefit our professionals and offer additional value to our clients.”

The CTS team will move to Cherry Bekaert’s offices in Bethesda.