In the news release, Cherry Bekaert Set to Acquire Pennsylvania-Based Herbein + Company, Inc., issued 08-Oct-2025 by Cherry Bekaert over PR Newswire, we are advised by the company that in the first paragraph, second sentence, "advisor" should be "advisory" as originally issued inadvertently. The complete, corrected release follows:

Cherry Bekaert Set to Acquire Pennsylvania-Based Herbein + Company, Inc.

RALEIGH, N.C., Oct. 8, 2025 /PRNewswire/ -- Cherry Bekaert (the Firm) is pleased to announce its intent to acquire the business of Herbein + Company, Inc. (Herbein), a CPA advisory firm providing tax, audit, advisory, HR consulting and risk management services in a transaction expected to close later this month. As a Top 100 firm on INSIDE Public Accounting's (IPA) list, Herbein brings extensive experience in agribusiness, construction, financial institutions, manufacturing, higher education and government industries to Cherry Bekaert.

Herbein, headquartered in Reading, Pennsylvania, with additional offices throughout the commonwealth, represents Cherry Bekaert's inaugural expansion into Pennsylvania. Herbein also operates offices in Delaware and New Jersey. This acquisition strengthens Cherry Bekaert's connectivity across the northeastern, mid-Atlantic and midwestern regions. Herbein's client base — which includes family-owned business, private equity, business enterprise and privately held business clients — aligns with Cherry Bekaert's existing clientele.

Michelle Thompson, Chief Executive Officer of Cherry Bekaert Advisory LLC, stated: "This acquisition not only expands our geographical reach into Pennsylvania but also enhances our service offerings across key industries. Herbein's client-centric approach aligns well with our Firm's values and strategic objectives. Together, we look forward to driving greater value for our clients and further strengthening our regional presence."

David Stonesifer, Partner and Chief Executive Officer of Herbein + Company, Inc., commented: "We are excited for this new chapter with Cherry Bekaert. Our clients will benefit from an expanded suite of offerings while still receiving the same level of service they have come to expect from Herbein."

As is typical for firms that operate in alternative practice structures, the transaction would consist of two acquisitions: Cherry Bekaert Advisory LLC would acquire Herbein + Company, Inc.'s nonattest assets while Cherry Bekaert LLP would acquire Herbein + Company, Inc.'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.

About Cherry Bekaert

Cherry Bekaert, ranked among the largest assurance, tax, and advisory firms in the U.S., serves clients across industries in the U.S. and internationally. "Cherry Bekaert" is the brand name under which Cherry Bekaert LLP and Cherry Bekaert Advisory LLC, independently owned entities, provide professional services in an alternative practice structure in accordance with applicable professional standards. Cherry Bekaert Advisory LLC is not a licensed CPA firm. Cherry Bekaert LLP is a licensed CPA firm that provides attest services, and Cherry Bekaert Advisory LLC and its subsidiary entities provide business advisory and non-attest services spanning the areas of transaction advisory, risk and accounting advisory, digital solutions, cybersecurity, and tax. We exercise a deliberate curiosity to know our clients' industries and work collaboratively to create shared success. For more details, visit cbh.com/disclosure.

Cherry Bekaert LLP and Cherry Bekaert Advisory LLC are members of Allinial Global, an accountancy and business advisory global association. Visit us at cbh.com and follow us on LinkedIn, Facebook, X or Instagram.

© 2025 Cherry Bekaert. All Rights Reserved.

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SOURCE Cherry Bekaert