Cherry Bekaert (the Firm) is pleased to announce the acquisition of Katz Nannis + Solomon, a renowned full-service CPA firm specializing in accounting, tax, and advisory services. This strategic acquisition enhances Cherry Bekaert’s strategy and innovation advisory business and introduces comprehensive audit and tax services to the Boston area, reinforcing the Firm’s commitment to expanding its footprint in the Northeast.
Founded in 1998, Katz Nannis + Solomon has emerged as a Top 25 CPA firm in Massachusetts. Based in the greater Boston area, the firm enhances Cherry Bekaert’s depth of industry knowledge, particularly in the Technology, Life Sciences, Financial Services, Venture Capital and Consumer Goods sectors.
This expansion into the Northeast complements Cherry Bekaert’s existing strongholds in the Mid-Atlantic and Central regions. The acquisition allows Cherry Bekaert to leverage Katz Nannis + Solomon’s established client base and streamline its operations, while enhancing audit and tax capabilities for both firms’ clients.
“Acquiring such a highly regarded firm provides Cherry Bekaert with the foundation needed to grow our business in the Northeast,” said Chief Executive Officer of Cherry Bekaert Advisory LLC, Michelle Thompson. “Katz Nannis + Solomon’s commitment to client service aligns with our values and growth objectives. We look forward to providing enhanced digitally driven, industry-aligned solutions to our shared clients.”
Jeffrey Solomon, Managing Partner of Katz Nannis + Solomon, added, “Joining forces with Cherry Bekaert is an exciting opportunity for our team and clients. We share a common vision of providing exceptional service and innovative solutions. Together, we will continue to support our clients’ success in an ever-changing business landscape.”
As is typical for firms that operate in alternative practice structures, the transaction consists of two acquisitions: Cherry Bekaert Advisory LLC acquired Katz Nannis + Solomon’s nonattest assets while Cherry Bekaert LLP acquired Katz Nannis + Solomon’s attest assets.
The integration will be seamless, with both firms maintaining the high standards of service expected by their clients. The unified team will operate under the Cherry Bekaert brand.
