Capstone Partners advised Nadavon Capital Partners on its sale of Accume Partners—a leading risk, regulatory and cybersecurity advisory firm—to Cherry Bekaert.
Accume Partners provides integrated cybersecurity, risk, and compliance advisory services to highly regulated industries. In 1994, the firm began providing internal audit, regulatory compliance, and risk management services to financial institutions, and has since expanded to include specialized cybersecurity and technology compliance advisory across a number of highly regulated industries. The company’s services also include information technology internal auditing, regulatory compliance, quality assurance review, and enterprise risk management.
The Capstone team delivered on what they promised at the onset of the engagement. Capstone’s deep market knowledge, buyer relationships, and commitment to transaction execution enabled us to achieve an outstanding result. We couldn’t be more pleased.
“We are thrilled to join the Cherry Bekaert team,” commented Michael Barrack, Chief Executive Officer of Accume Partners. “Working together, we are excited to provide our clients with broader service offerings such as tax, digital advisory, and more available through Cherry Bekaert.”
Capstone Managing Director Tom McConnell commented, “This is an ideal fit for both Accume Partners and Cherry Bekaert given their shared cultures and mutual commitment to excellence. This partnership brings expanded opportunities for both employees and customers and positions both organizations for long-term success.”
Cherry Bekaert—ranked among the largest assurance, tax, and advisory firms in the U.S.—serves clients across industries in all 50 U.S. states and internationally. The brand includes both Cherry Bekaert LLP and Cherry Bekaert Advisory LLC. Services span the areas of transaction advisory, risk and accounting advisory, digital solutions, cybersecurity, tax, benefits consulting, and wealth management. The brand services a wide variety of industries including government contractors, healthcare and life sciences, industrial manufacturing, non-profits, professional services, and technology.
The acquisition of Accume expands Cherry Bekaert’s focus on providing internal audit, risk, and compliance offerings to the financial services industry. The addition also expands the company’s risk advisory practice with a strong mid-Atlantic and Northeast presence.
“In response to the ever-increasing regulatory requirements, Cherry Bekaert is focused on growing our practice with top talent to meet the needs of our clients,” commented Srikant Sastry, Advisory Leader at Cherry Bekaert. “The Accume Partners team brings a track record of success in internal audit that will be additive along with a geographical expansion of our practice. We are pleased to welcome them to the firm as we further strengthen our risk and accounting advisory capabilities.”
The expert investment banking professionals on Capstone Partners’ ADGS Team works with leading middle market companies operating in the Defense market to advise with their strategic decision-making in order to maximize financial outcomes at every stage of the business lifecycle. Our firm has developed a full suite of corporate finance solutions, including M&A advisory, debt advisory, financial advisory, and equity capital financing to help privately owned businesses and private equity firms address any need, ranging from growth and financial or operational advisement to an ultimate exit transaction. To learn more about this transaction, or about the benefits of starting a relationship with our ADGS Banking Team, contact us here.