MCM

What MCM does

MCM CPAs & Advisors LLP is a regional accounting and advisory firm headquartered in Louisville, Kentucky, that provides audit, tax, and business advisory services to mid-market and enterprise clients across Kentucky, Ohio, and Indiana. Founded in 2009, the firm had grown to approximately 370 employees and roughly $72 million in annual revenue, ranking as the Southeast region's eighth-largest accounting service provider on Accounting Today's Top 100 Firms list. As a professional services firm rather than a software or technology company, MCM does not offer a discrete product portfolio; its offering is the professional capacity and industry knowledge of its staff, delivered through direct client engagement at offices across its three-state footprint.

MCM's revenue model is professional services billing for engagements covering accounting, tax compliance and planning, audit and attestation, and business advisory work. The go-to-market motion is relationship-led, targeting mid-market and enterprise organizations through direct engagement by Managing Partners and service delivery teams. Mid-market and enterprise clients were the primary segment, with a horizontal segmentation approach addressing financial reporting, tax compliance, audit, and broader advisory needs across multiple industries. On August 10, 2023, MCM was acquired by Cherry Bekaert Advisory LLC, expanding Cherry Bekaert's reach into Kentucky, Ohio, and Indiana and making the combined entity the Southeast region's largest accounting firm; MCM Managing Partner Brad Smith continued in a leadership role in the post-acquisition structure.

Name

MCM

Legal name

MCM CPAs & Advisors LLP

Website

https://mcmcpa.com

Company type

Private

Founded year

2009

Operating status

Acquired

Headcount range

251–500 employees

Short description

MCM CPAs & Advisors LLP is a regional accounting and advisory firm providing audit, tax, and business advisory services to mid-market and enterprise clients across Kentucky, Ohio, and Indiana. Founded in 2009, it was acquired by Cherry Bekaert in August 2023.

Ownership category

akta.pro rank

Headquarters

HQ city

Louisville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Accounting & Advisory Services: MCM generates revenue through professional accounting and advisory service engagements, including audit, tax, and consulting services delivered to mid-market and enterprise clients.

Go-to-market motion1 record

Distribution channels1 record

Core offering

MCM CPAs & Advisors LLP is a regional accounting and advisory firm delivering tax, audit, assurance, accounting, and business advisory services to mid-market and enterprise clients. Engagements are delivered by a staff of approximately 370 professionals across offices in Kentucky, Ohio, and Indiana, with annual revenue of roughly $72 million prior to its August 10, 2023 acquisition by Cherry Bekaert.

Product overview

MCM CPAs & Advisors LLP is a regional accounting and advisory firm, not a software product company. The company provides professional accounting and business advisory services to clients across Kentucky, Ohio, and Indiana. As a services-based firm, it does not offer a product portfolio, software platform, or technology modules.

Differentiator

Problem solved

Functional benefit

Products and services

• Audit and Attestation Services Comprehensive audit and attestation services delivered as a standalone professional engagement to mid-market and enterprise clients requiring financial statement assurance across Kentucky, Ohio, and Indiana.
• Tax Planning and Compliance Services Tax planning and compliance services provided as a dedicated engagement to mid-market and enterprise clients across Kentucky, Ohio, and Indiana.
• Business Advisory Services Business advisory engagements delivered to mid-market and enterprise clients requiring specialized guidance beyond traditional accounting and tax support.
• Accounting Services Core accounting services delivered to mid-market and enterprise clients across Kentucky, Ohio, and Indiana alongside the firm's audit, tax, and advisory offerings.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Cherry BekaertcoreStrategic or Co-development Partner · 10 August 2023MCM CPAs & Advisors was acquired by Cherry Bekaert on August 10, 2023. The acquisition expands Cherry Bekaert's reach into Kentucky, Ohio, and Indiana, making it the Southeast region's largest accounting firm. MCM brings ~370 employees and approximately $72 million in annual revenue to the combined entity.

Scale indicators5 records

Recent moves3 records

Expansion highlights3 records

Broad incumbents

• Eide Bailly: Eide Bailly is a Top 20 U.S. CPA and advisory firm serving mid-market clients across multiple states. Its service breadth and client segment overlap with MCM make it a comparable broad incumbent peer.
• FORVIS (formerly BKD): FORVIS is one of the largest U.S. CPA firms serving mid-market clients across the country. As a Top 10 firm, FORVIS competes with MCM for enterprise and mid-market clients with comparable service offerings, positioning it as a broad incumbent peer.
• Cherry Bekaert LLP: Cherry Bekaert is the acquirer of MCM and one of the largest CPA firms in the Southeast, offering audit, tax, and advisory services across multiple industries. As MCM's parent post-2023, it represents the broader incumbent context against which MCM's independent profile is best benchmarked.
• Plante Moran: Plante Moran is a Top 15 U.S. accounting and advisory firm headquartered in the Midwest. Its mid-market focus and Midwest geographic presence align with MCM's positioning, making it a relevant broad incumbent peer.
• Crowe LLP: Crowe is a Top 10 U.S. accounting and advisory firm serving mid-market and enterprise clients. Its scale and service breadth provide a comparable benchmark for what MCM could grow into at scale, positioning it as a relevant broad incumbent peer.
• Wipfli LLP: Wipfli is a Top 20 U.S. accounting and advisory firm serving mid-market clients across multiple regions. While larger than MCM, Wipfli provides comparable audit, tax, and advisory services to similar client segments, making it a relevant broad incumbent peer.

Direct peers

• Barnes Dennig: Barnes Dennig is a Cincinnati-based CPA and advisory firm serving Ohio, Kentucky, and Indiana mid-market clients. Its geographic overlap with MCM and similar mid-market positioning make it a directly comparable peer in the tri-state region.
• Blue & Co. Blue & Co. is a regional CPA firm operating across Kentucky, Indiana, and Ohio with comparable mid-market focus. Its overlapping geography and similar service mix (audit, tax, advisory) make it a directly comparable regional peer to MCM.
• Clark Schaefer Hackett: Clark Schaefer Hackett is a Cincinnati-based CPA and advisory firm serving mid-market clients across Ohio, Kentucky, and Indiana. Its service breadth and Midwest regional focus closely mirror MCM's positioning as a comparable direct peer.
• Dean Dorton Allen Ford: Dean Dorton is a Louisville, Kentucky-based CPA and advisory firm serving mid-market and enterprise clients in the same geographic region as MCM. With comparable service offerings in audit, tax, and advisory, Dean Dorton is one of the most direct competitors in MCM's home market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks3 records

Key highlights7 records

Customer concentration

• Xx.com/CpasMcm
• Facebookfacebook.com/mountjoychiltonmedley
• LinkedInlinkedin.com/company/mcm-cpas-and-advisors

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MCM