Cherry Bekaert Acquires Rhode Island Accounting Firm
Rhode Island businesses that use Sansiveri for accounting will see their services move to Cherry Bekaert's larger national platform.
Updated on Nov. 2, 2026 in Healthcare
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Cherry Bekaert, a Parthenon Capital-backed accounting and advisory firm, has acquired Rhode Island-based Sansiveri, Kimball & Co. LLP, adding approximately 60 professionals to its New England presence. Cherry Bekaert Advisory LLC will take Sansiveri's nonattest assets and Cherry Bekaert LLP will take its attest assets.
Why it matters
The deal extends Cherry Bekaert's regional footprint in New England, a market where Sansiveri serves construction, real estate, manufacturing, nonprofit, healthcare and professional services clients. For Rhode Island operators in those sectors, the combined firm offers a larger accounting and advisory platform for their finance and compliance needs.
The acquisition adds approximately 60 professionals to Cherry Bekaert, which reports $764 million in revenue, over 200 partners, 58 offices and over 3,000 staff, and ranked No. 17 on Accounting Today's Top 100 Firms. The purchase price and financial terms of the deal were not disclosed.
The players
Cherry Bekaert
A U.S. accounting and advisory firm with $764 million in revenue, 58 offices and over 3,000 staff, backed by Parthenon Capital.
Sansiveri, Kimball & Co. LLP
A Rhode Island accounting firm serving construction, real estate, manufacturing, nonprofit, healthcare and professional services clients.
Parthenon Capital
A private equity firm that invested in Cherry Bekaert in 2022 and has backed the firm's subsequent acquisitions.
The details
Under the transaction structure, Cherry Bekaert Advisory LLC will acquire Sansiveri's nonattest assets, while Cherry Bekaert LLP will acquire its attest assets, separating the audit-related work from advisory services. The split reflects the regulatory distinction between attest and nonattest engagements in public accounting. Since partnering with Parthenon Capital in 2022, Cherry Bekaert has completed over a dozen deals, and this acquisition follows its June merger with Calvetti Ferguson in the Southwest.
Timeline
2022: Parthenon Capital makes a private equity investment in Cherry Bekaert.
June 2026: Cherry Bekaert merges with Calvetti Ferguson in the Southwest.
November 2, 2026: Sansiveri acquisition announced.
Market Landscape
Cherry Bekaert's acquisition of Sansiveri continues a series of over a dozen deals completed since its 2022 Parthenon Capital investment, reflecting private equity-backed consolidation among regional accounting firms. The move places a Rhode Island firm with healthcare and nonprofit clients inside a larger national platform.
Rhode Island businesses in construction, real estate, manufacturing, nonprofit, healthcare and professional services that work with Sansiveri should confirm who will handle their attest and advisory engagements after the transition. Operators should review any service contracts and ask their finance team to confirm the new engagement structure before the change takes effect.
The takeaway
Private equity-backed accounting platforms are expanding by absorbing regional firms, which can change who services a business's books and advisory work. Operators with Sansiveri as their accountant should request written confirmation of their new engagement team and fee structure, and consult qualified accountants on any contract changes.
Further reading
For context on the healthcare clients served by regional accounting firms, see Healthcare coverage.
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