Berks County-based CPA advisory firm Herbein + Co. Inc. is being acquired by Cherry Bekaert, which has its headquarters in Raleigh, N.C.

While financial details about the transaction have not been announced, the companies expect the deal to close later this month. The unified team will operate under the Cherry Bekaert brand.

The acquisition is the first in Pennsylvania for Cherry Bekaert and strengthens the firm’s connectivity across the northeastern, mid-Atlantic and midwestern regions, the company said in its Wednesday announcement.

Discussions about the acquisition began in March, according to David Stonesifer, partner and CEO of Herbein, who said the process started with a casual conversation, when he was approached by one of Cherry Bekaert’s partners.

Stonesifer said Herbein has b

See Full Page