Drake Star Acts as Exclusive Financial Advisor to Proviso Capital on its sale of Kerr Consulting to Cherry Bekaert, a Parthenon Capital Partners Portfolio Company

New York, NY | August 6^th, 2024 – Cherry Bekaert, a leading national accounting, advisory and tax firm expands geographic footprint and solutions capabilities by adding premiere technology solutions provider Kerr Consulting to its portfolio. Cherry Bekaert is backed by private equity firm Parthenon Capital Partners based out of Boston, MA. Drake Star acted as exclusive financial advisor to Proviso Capital and Kerr Consulting on this transaction.

Headquartered in Houston Texas, Kerr provides award-winning ERP accounting software, office support, IT managed services, and custom software development to clients in the South and Midwest regions of the United States. The transaction gives the Cherry Bekaert platform added geographic presence, and further enhances its business applications and cloud technology portfolio solutions.

Kerr’s Founder and CEO, Dave Kerr, commented: "Sam and the Drake Star team have been with us at every step of the way. Their hard work, relentlessness and support through the process resulted in an outstanding outcome for the firm and its shareholders."

Reggie Binford, Founder and Managing Partner of Proviso Capital, added: "Sam and the Drake Star team have delivered an exceptional outcome for Proviso's investment in Kerr Consulting. Their relationships and knowledge of the sector is unparalleled, has proven critical to bringing the right players to the table and extracting the most value in the process."

Sam Levy, Partner at Drake Star, said: "Dave and his team have developed an amazing business under Proviso's ownership and guidance. It's been a pleasure to work with the Kerr team and help them join forces with Cherry Bekaert and Parthenon. Drake Star’s strong market presence and relationships in the Digital Transformation sector continues to produce extraordinary outcomes for our clients. We wish the best success to the combined teams going forward."

Drake Star Team: Sam Levy, Gregory Bedrosian, Stanley Bejanski

For further inquiries, please contact:

Sam Levy

Partner | Drake Star

sam.levy@drakestar.com | + 1 646-245-3550

About Kerr Consulting

Kerr operates as an end-to-end managed services administrator, specializing in business applications and cloud technology. They offer world class solutions to small, medium, and enterprise customers, solving their business challenges by designing innovative technology strategies. Kerr Consulting has been selected multiple times by Accounting Technology as one of the top installers of accounting, Manufacturing and CRM software.

For more information, visit www.kerrconsulting.com.

About Proviso Capital

Proviso Capital is a strategic investment management and advisory firm that focuses on delivering tailored financial solutions to a diverse client base. The firm seeks to invest in strong middle-market companies in competitive niche industries.

For more information, visit www.provisocapital.com.

About Cherry Bekaert

Cherry Bekaert delivers digitally driven and industry-aligned solutions to elevate their clients from mid-market players to market leaders in a hypercompetitive landscape. Ranked among the largest accounting firms in the United States, they offer specialized solutions across assurance, tax, business valuations, digital consulting, M&A and other advisory services to advance their clients' business goals.

For more information, visit www.cbh.com.

About Parthenon Capital Partners

Parthenon is one of the most experienced and successful financial, healthcare, and business and information services sector focused private equity investment firm in North America. Since their founding in 1998, they have completed over 250 leveraged transactions (including many roll-up investment strategies) and other private equity, mezzanine or preferred equity investments. Currently, they manage over $12.5 billion of capital in their active funds.

For more information, visit www.parthenoncapital.com.

About Drake Star 

Drake Star is an award-winning global tech investment bank that has completed over 500 transactions since 2003. Drake Star’s global team of senior professionals across offices in New York, London, Paris, Munich, San Francisco, Los Angeles, Berlin, and Dubai* focuses on mergers & acquisitions and corporate finance services worldwide in Software/SaaS, Consumer & Retail Technology, Digital Media, FinTech, Mobility & Sustainability, Digital Services, HR Tech, and Industrial Tech sectors.

The testimonial herein may not be representative of the experience of others nor is it a guarantee of future performance or success. This is not a paid testimonial and no material conflicts of interest exist between the person(s) providing the testimonial and Drake Star. Drake Star Partners is the marketing name for the global investment bank Drake Star Partners Limited and its subsidiaries and affiliates. In the USA, all securities are transacted through Drake Star Securities LLC. In the USA, Drake Star Securities LLC is regulated by FINRA and is a member of SIPC. Drake Star UK Limited (FRN 942020) is an appointed representative of Kession Capital Ltd (FRN582160) which is authorized and regulated by the Financial Conduct Authority. © 2024 Drake Star Partners Limited.

*Partner Office