Cherry Bekaert (the Firm) has announced the acquisition of Kerr Consulting, a business applications and cloud technology provider servicing clients across the United States. The acquisition positions Cherry Bekaert as one of the largest Sage providers in the United States and bolsters its national Outsourced Accounting practice's technology component and industry expansion efforts.
Headquartered in Houston, Kerr Consulting has a nationwide presence and brings in approximately $20 million in total annual revenue. For almost 40 years, Kerr Consulting has delivered critical ERP, accounting software, managed services, and custom software solutions to small and mid-sized clients. The company is a top North American Sage partner representing the entire suite of Sage products, emphasizing industry verticals such as construction, manufacturing, distribution, healthcare, and family offices.
“With Kerr Consulting onboard, we will be able to enhance and expand our Sage offerings and delivery across our diverse range of clients,” said Michelle Thompson, Chief Executive Officer of Cherry Bekaert Advisory LLC. "This acquisition will significantly benefit the customers of both our firms, and we are excited about the prospect of working together to continue to provide digitally driven, industry-aligned solutions to our clients. We look forward to the exciting collaboration ahead.”
The acquisition of Kerr Consulting cements Cherry Bekaert’s position in the Sage provider space. Cherry Bekaert is a North American Sage Platinum Club Winner for the fiscal years 2022 and 2023 and is regarded as a top Sage Intacct Value-Added Reseller Partner. Kerr Consulting was also recognized as a 2023 North American Sage Platinum Club Winner. The acquisition will provide immediate scale and experience to Cherry Bekaert’s Sage practice, enabling the Firm to provide even more comprehensive and effective solutions to its clients.
Dave Kerr, CEO of Kerr Consulting, expressed his enthusiasm for the collaboration, saying, “We are thrilled to join forces with such a well-respected national Firm; Cherry Bekaert’s mission and core values align with the way Kerr Consulting operates, and we are confident this move will benefit our clients and our people.”
Mark Hickman, Managing Director of Sage North America, also commented on the impact of the acquisition. “Our partners are a critical part of everything we do at Sage. The combination of Cherry Bekaert and Kerr Consulting creates a powerful force in the Sage ecosystem, ensuring our joint customers can benefit from the most innovative technologies and transformative solutions for small to medium-sized businesses. We are excited to see the expanded reach and enhanced capabilities this union will bring to the market, ultimately benefiting businesses nationwide.”
Kerr Consulting is a portfolio company of middle market private equity company, Proviso Capital, a majority shareholder. Global technology-focused investment bank Drake Star acted as the exclusive financial advisor to Kerr Consulting on the transaction.
Cherry Bekaert is ranked among the largest assurance, tax, and advisory firms in the U.S. and serves clients across industries in the U.S. and internationally. For more details, visit this Cherry Bekaert website.