PBMares, LLP, a Top 100 accounting and consulting firm, is expanding its geographic footprint with the addition of two RSM US LLP (RSM) North Carolina offices. The firms have entered into a definitive agreement for PBMares to acquire substantially all the assets of RSM’s New Bern, N.C., and Morehead City, N.C., offices, subject to certain terms and conditions. The parties anticipate the transaction will become effective as of close of business on December 1, 2020, at which time the New Bern and Morehead City locations will join PBMares.
PBMares CPAs and Consultants is headquartered in Newport News, VA, with offices across Virginia, Maryland, and Northern Virginia. The New Bern and Morehead City offices will add more strength to the Firm’s suite of existing assurance, tax and advisory services.
“We are pleased to welcome the New Bern and Morehead City teams,” said PBMares CEO Alan Witt. “Their commitment to client focus and priority in building meaningful, enduring relationships is perfectly matched to our long-standing client-centric culture at PBMares,” added Witt. “We have enjoyed a rich relationship with the RSM offices as a member of the RSM US Alliance and are confident that will continue.”
The combination will add 46 people to the PBMares roster which includes four partners--existing lead partner of the two offices Jeff Williams, and new partners to the Firm Robbie Bittner, Tracey Dail and Charles Dean Smith. The acquisition represents the initial entry into North Carolina for PBMares.
“We took great care in considering the opportunity to join PBMares, with the right fit for our New Bern and Morehead City clients and people as our highest priorities. Our shared client service philosophies, service offerings, and firm culture combine powerfully for a great new relationship as we continue serving clients in these markets,” said Jeff Williams.
The teams will continue to operate in their existing offices: 3621 John Platt Drive in Morehead City and 3120 Wellons Blvd. in New Bern.
The RSM US Alliance is an affiliation of independent accounting and consulting firms in the United States.
About PBMares LLP
PBMares is a Certified Public Accounting and consulting firm focused on serving the audit, tax, accounting and consulting needs of companies and individuals. Founded in 1963, with 10 offices across Virginia, Maryland, and Northern Virginia, PBMares represents companies ranging from closely-held private businesses to leading non-profits to Fortune 500 multinationals. PBMares has industry practices specializing in construction, financial institutions, government contracting, healthcare, insurance, manufacturing, not-for-profit, real estate, restaurant, retail, state & local government and technology sectors. Its services include cybersecurity, cloud accounting, wealth management and transaction advisory services. PBMares is an independent member of the RSM US Alliance. For more information, visit www.pbmares.com, like us on Facebook, connect with us on LinkedIn.
About RSM US LLP
RSM’s purpose is to deliver the power of being understood to our clients, colleagues and communities through world-class audit, tax and consulting services focused on middle market businesses. The clients we serve are the engine of global commerce and economic growth, and we are focused on developing leading professionals and services to meet their evolving needs in today’s ever-changing business environment.
RSM US LLP is the U.S. member of RSM International, a global network of independent audit, tax and consulting firms with more than 43,000 people in more than 120 countries. For more information, visit rsmus.com, like us on Facebook, follow us on Twitter and/or connect with us on LinkedIn.
