Prager Metis Acquired Charlotte-Based Sherbert CPA
Real estate and construction firms in the Southeast should monitor how this consolidation changes advisory service access.
Updated on Oct. 6, 2026 in Corporate Finance
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Accounting firm Prager Metis has acquired Sherbert CPA, a specialty firm founded in 2006. The deal combines the two teams at the Prager Metis Charlotte office to bolster expertise in the real estate, affordable housing, and construction sectors.
Why it matters
This acquisition deepens the firm's presence in the Carolinas and the broader Southeast, signaling a strategic focus on expanding its specialized tax credit and development advisory services. Operators in real estate should assess how this change in firm scale affects the availability and depth of specialized consulting support in the region.
The acquisition involves a top 75 accounting firm absorbing a boutique practice founded in 2006. While the deal size is undisclosed, it follows the firm's January 2024 acquisition of Goldsmith Molis & Gray as part of a regional growth strategy.
The players
Prager Metis
A top 75 accounting firm based in New York City that provides tax, consulting, and advisory services.
Sherbert CPA
A specialty firm founded in 2006 that focuses on real estate tax credits, development, and management.
Bill Sherbert
The founder of Sherbert CPA who has joined Prager Metis as a principal.
Lori Roth
The CEO of Prager Metis who oversees the firm's strategic growth initiatives.
The details
The integration involves combining the operations of both firms, with the entire Sherbert CPA team relocating to the existing Prager Metis office in Charlotte. By absorbing a firm that specializes in the real estate tax credit industry, Prager Metis enhances its technical capacity to handle affordable housing and construction sector accounting. This move shifts the competitive landscape for specialized tax advisory work within the Charlotte market.
Timeline
Sherbert CPA was founded in 2006.
Prager Metis acquired Goldsmith Molis & Gray in January 2024.
CEO Lori Roth issued a statement regarding the deal on October 1, 2026.
Market Landscape
This acquisition follows the pattern set by the January 2024 purchase of Goldsmith Molis & Gray as Prager Metis scales its presence in the Southeast. The move reflects a broader trend of larger accounting firms consolidating boutique practices to secure specialized expertise in regional real estate tax credits.
Operators in the real estate and construction sectors should confirm if their current tax advisors are transitioning to the new entity. Reviewing engagement letters is recommended to ensure that continuity of service remains guaranteed during the team's relocation to the Charlotte office.
The takeaway
Professional services consolidation is an ongoing signal that firms are prioritizing scale to handle complex, industry-specific tax credit requirements. Business owners should track whether their current advisors maintain their specialized support staff or if these personnel shifts result in changes to their primary point of contact.
Further reading
For broader trends in industry consolidation, visit our Corporate Finance section.
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