Cherry Bekaert, a Top 25 Firm based in Raleigh, North Carolina, is acquiring Tarsus, an advisory firm based in Washington, D.C., that specializes in outsourced accounting solutions, targeting the technology, government contracting, staffing, private equity and professional services sectors.
Tarsus's geographical footprint ranges across a number of other markets outside D.C., including Kansas City, Los Angeles and Bangalore, India.
"Tarsus and Cherry Bekaert aligned on strategic business priorities, culture and areas of operation, making this deal an easy decision that will bring enhanced service offerings to clients of both companies," said Cherry Bekaert Advisory CEO Michelle Thompson. "This acquisition is part of Cherry Bekaert's broader commitment to expanding its brand presence and operational capabilities and will deepen the firm's experience in outsourced accounting and advisory, finance modernization and CFO advisory, government contracting and real-time financial reporting. Tarsus clients will have access to Cherry Bekaert's expanded suite of solutions spanning the areas of accounting advisory, ERP consulting, finance modernization, outsourcing, recruiting and staffing, risk and cybersecurity, tax and transaction advisory."
Cherry Bekaert plans to leverage Tarsus' abilities to bolster its existing outsourced accounting services practice.
"We are thrilled to join Cherry Bekaert and embark on this next chapter for our clients and team," said Tarsus managing partner Alex Diaz-Asper in a statement. "By combining our strengths, we can offer an expanded suite of services while maintaining the high standards and personalized attention our clients expect. Together, we look forward to creating new opportunities and delivering even greater value."
Financial terms of the deal were not disclosed. Cherry Bekaert ranked No. 20 among
This is the fourth M&A deal announced by Cherry Bekaert in recent months and the 15th since it received
Last year, Cherry Bekaert acquired Regional Leader
