Brown Edwards Acquires Two Virginia Practices of Cherry Bekaert

Roanoke, Va.-based Brown Edwards (FY18 net revenue of $42.5 million) has announced the acquisition of two practices of Richmond, Va.-based Cherry Bekaert (FY18 net revenue of $194.7 million).

The deal, effective June 1, involves the Roanoke and Lynchburg, Va., practices. Cherry Bekaert partners Randy Burton and Richard Hedley in Roanoke will be joining Brown Edwards, as will most of the staff located in both offices. A significant number of Cherry Bekaert’s clients are also expected to transition to Brown Edwards.

“This acquisition not only solidifies Brown Edwards’ position as the largest firm in these markets, with 15 partners and 92 professional staff between the two offices, but also allows the Cherry Bekaert clients more local resources and access to immediate and local decision making,” says Brown Edwards CEO Jason Hartman. “As Brown Edwards continues to grow throughout the region, we feel these acquisitions demonstrate a firm commitment to the Roanoke and Lynchburg communities, our business and individual clients, and our employees in the area.”

An IPA 100 firm, Brown Edwards provides assurance, tax and business advisory services to a diverse clientele throughout Virginia, West Virginia, North Carolina and Tennessee. The Roanoke acquisition will result in a new office for Brown Edwards while the Cherry Bekaert office in Lynchburg will transition to the Brown Edwards office there.

“Through the efforts of many in our community, we are seeing great things happen in our local economy,” Burton says. “As evidenced by this investment by Brown Edwards, we are both committed to furthering and supporting that impact.”

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