Cherry, Bekaert & Holland Expands in Hampton Roads

Acquisition of Burrus Paul & Turnbull Adds to Presence in Norfolk and Newport News

Virginia Beach, Va. | February 1, 2011 – Cherry, Bekaert & Holland, L.L.P. (CB&H), one of the 30 largest accounting firms in the U.S., is pleased to announce that it has acquired the CPA firm Burrus Paul & Turnbull, PLC (BP&T).

Effective February 1, 2011, CB&H expands its presence in the Hampton Roads area with the addition of two partners and nine professionals. After the acquisition, CB&H will have nine partners and more than 80 professionals serving clients from offices in Virginia Beach, downtown Norfolk and Newport News.

With established offices beyond Hampton Roads in Richmond, Tyson’s Corner, Lynchburg, and Roanoke, CB&H ranks among the largest non-Big 4 accounting firms in Virginia with more than 235 accounting, tax and consulting professionals to serve the needs of the Firm's growing client base.

Formed in 1954, BP&T has a long-standing reputation for providing objective and actionable advice to private businesses, mid-market organizations, entrepreneurs and high-net-worth individuals. With a focus on client service, BP&T adds to CB&H's recognized accounting and tax expertise in the specialized areas of government contracting, manufacturing & distribution, real estate & construction, not-for-profit, and estates and trusts.

Quotes

“Hampton Roads is one of CB&H's key markets, so we are pleased to add the resources and talent of BP&T through this acquisition. Expanding our service reach into Norfolk and Newport News provides us with a solid foundation to support our continued growth and enables us to better meet the needs of our local clients.”

~ Howard Kies,
Firm Managing Partner of CB&H

“We are excited about joining CB&H. Combining forces with a strong regional firm gives our clients access to a wide spectrum of highly valuable services and presents expanded opportunities for our staff.”

~ Stephen Turnbull,
Former Partner of BP&T

About Cherry, Bekaert & Holland

As the Southeast’s accounting and consulting Firm of Choice, Cherry, Bekaert & Holland, L.L.P. (CB&H) is uniquely positioned to provide quality, cost-effective and value-added services to a diverse and successful client base. The Firm sets itself apart by delivering the extensive industry specialization and service opportunities of a national firm, but with the accessibility, service continuity and level of personal relationship expected from a local business. Ranked among the 30 largest CPA firms nationally, CB&H’s resource network stretches regionally across six states, including the large metro markets of Atlanta, Charlotte, Hampton Roads, Miami, Orlando, Raleigh, Richmond, Roanoke, Tampa Bay and Washington D.C., and nationally and internationally through an alliance with Baker Tilly International, a worldwide network of independent accounting firms.

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