14 JUN 2025 / M&A UPDATES

Cherry Bekaert Expands Securities Expertise with Spicer Jeffries Acquisition

- MYCPE ONE Insights Team

Summary

It is generated by AI

North Carolina-based accounting and advisory firm Cherry Bekaert has acquired Denver’s Spicer Jeffries LLP, a highly reputable CPA firm specializing in the securities industry. The move enhances Cherry Bekaert’s services for asset management, fund compliance, and investor transparency, expands its geographical reach into the Rocky Mountain region, and underpins its strategy to become a key player in the evolving financial services sector.

Cherry Bekaert, a prominent Raleigh, N.C.-based accounting and advisory firm, has announced its acquisition of Denver-based Spicer Jeffries LLP, a nationally recognized CPA firm specializing in the securities industry. The move marks a strategic expansion for Cherry Bekaert, enhancing both its capabilities and geographical reach.

Spicer Jeffries brings over 30 years of expertise in audit, tax, accounting, and consulting services tailored to the securities sector. The firm has built a global reputation by partnering with hundreds of professionals across the financial landscape and has consistently ranked among the top 10 firms in the nation for auditing hedge funds. This reputation for excellence, combined with a deep understanding of fund structures and regulatory standards, makes Spicer Jeffries a valuable addition to Cherry Bekaert’s growing financial services portfolio.

The acquisition is designed to deepen Cherry Bekaert’s offerings in the asset management space by leveraging Spicer Jeffries’ specialized industry knowledge. It also enhances Cherry Bekaert’s fund compliance and investor transparency practices—two critical components of advisory services in today’s increasingly scrutinized financial sector. Michelle Thompson, CEO of Cherry Bekaert Advisory LLC, emphasized the firm's focus on the financial services industry and praised Spicer Jeffries’ strong relationships with clients and stakeholders within the investment community.

Beyond service enhancement, the acquisition significantly boosts Cherry Bekaert’s geographic footprint. The addition of the Denver office places the firm in the heart of the Rocky Mountain region—an emerging hub for industries such as financial services, health care, life sciences, aerospace, technology, and energy. This move aligns with Cherry Bekaert’s strategic sector focus and growth trajectory.

Robert Yurglich, founder and managing partner of Spicer Jeffries, expressed enthusiasm for the integration, noting that the partnership not only elevates their client offerings but also opens new pathways for team development and market expansion.

The combination of Cherry Bekaert’s national scale with Spicer Jeffries’ securities niche marks a significant step in both firms’ growth strategies and reinforces their positions as trusted advisors in the evolving financial services landscape.

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Cherry Bekaert Expands Securities Expertise with Spicer Jeffries Acquisition

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