Join 250,000+
professionals today
Add Insights to your inbox - get the latest
professional news for free.
Cherry Bekaert Expands with Calvetti Ferguson Acquisition
Join our 250K+ subscribers
Join our 250K+ subscribers
Subscribe01 JUN 2026 / M&A UPDATES
-1780404713.webp)
Accounting firm Cherry Bekaert has acquired Houston-based company Calvetti Ferguson, marking a key expansion into Texas and Nashville. This acquisition, which supports Cherry Bekaert's growth strategy, particularly in middle-market sectors, will also enhance its service offerings and aligns with its recent focus on geographical and service-oriented expansion.
Cherry Bekaert has announced the acquisition of Houston-based Calvetti Ferguson, marking a significant expansion of the Top 20 Firm's presence in Texas and Nashville, Tennessee. This strategic move aligns with Cherry Bekaert's growth objectives, particularly in the middle-market sector, and enhances its service offerings across various industries.
Calvetti Ferguson, recognized as a Regional Leader in the Southwest, serves a diverse clientele including real estate, construction, energy, and financial services. With $43 million in revenue, 16 partners, and over 140 employees, the firm operates from offices in Houston, San Antonio, Dallas, Fort Worth, and Nashville. The acquisition is driven by a shared culture and a focus on delivering industry-aligned solutions to middle-market clients.
Michelle Thompson, CEO of Cherry Bekaert Advisory, emphasized the importance of geographical and service-oriented alignment in acquisition decisions. The strong presence of Calvetti Ferguson in Texas was a key factor, as Texas is central to Cherry Bekaert's growth strategy. The acquisition also supports Cherry Bekaert's established presence in Nashville, where further investments are anticipated.
Cherry Bekaert, headquartered in Raleigh, North Carolina, reported $900 million in revenue and employs over 3,100 professionals across 58 offices. The firm, which received private equity investment from Parthenon Capital in 2022, will integrate Calvetti Ferguson's attest and non-attest assets under the Cherry Bekaert brand. Jason Ferguson, managing partner of Calvetti Ferguson, highlighted the cultural alignment and enhanced capabilities resulting from the merger.
This acquisition is part of Cherry Bekaert's ongoing expansion strategy, which has included numerous deals since its private equity investment. Recent acquisitions include firms in Washington, D.C., Pennsylvania, Massachusetts, and beyond, reflecting Cherry Bekaert's commitment to broadening its service reach and industry impact.
Until next time…
Don’t forget to share this story on LinkedIn, X and Facebook
Subscribe now for $199 and get unlimited access to MYCPE ONE, from CPE credits to insights Magazine
📢MYCPE ONE Insights has a newsletter on LinkedIn as well! If you want the sharpest analysis of all accounting and finance news without the jargon, Insights is the place to be! Click Here to Join
You’ve reached the 3 free-content piece limit. Unlock unlimited access to all News & CPE resources.
Subscribe Today.
Already have an account?
Sign In
-1780404575.webp)
-1780038657.webp)
-(3)-1779347054.webp)
