PBMares, LLP

What PBMares, LLP does

PBMares, LLP is a privately held, full-service public accounting and business advisory firm organized as a Limited Liability Partnership and headquartered in Newport News, Virginia. Founded in 1963, the firm operates 12 regional offices across Virginia, North Carolina, Maryland, and Washington DC, serving clients in all 50 US states and 12 countries. Its practice is structured around three core service lines — Tax, Audit & Assurance, and Advisory — supported by 12 dedicated industry vertical practices covering Construction & Real Estate, Credit Unions, Franchises, Government Contracting, Healthcare, Hospitality, Not-for-Profit, Professional Services, Real Estate, State & Local Government, plus private client services for high-net-worth individuals and families.

The firm's service portfolio spans the full accounting stack: from core compliance (audit, review, compilation, tax preparation) through specialized reporting (SOC 1/2/3, Yellow Book, Single Audits, DCAA, CMMC) to higher-margin advisory offerings including business valuations, cybersecurity risk services, risk advisory, outsourced accounting (back office, controller, and virtual CFO), retirement plan audits and third-party administration, and process optimization via Lean Six Sigma Green Belt practitioners. Technology architecture relies on cloud-based accounting platforms Sage Intacct and QuickBooks for client implementations, Box for secure client document exchange, QuickFee Connect for client payment processing, and various assurance software tools for SOC reporting and cybersecurity assessments. The firm holds PCI DSS Qualified Security Assessor (QSA) designation and certified professionals across CPA, CFA, CISA, CISM, CVE, QKA, and Yellow Book credentials.

PBMares generates revenue through professional service fees on engagement basis, with pricing determined by scope, complexity, industry specialization, and team composition. The go-to-market motion is partner-directed and relationship-led, with 22 named partners leading industry vertical practices, supported by extensive thought leadership (500+ articles, 50+ news releases, webinars, and industry reports), active membership in 15+ industry associations, and selective paid recognition (Top 100 CPA Firm by Accounting Today and Inside Public Accounting, Forbes Best-In-State CPAs, ClearlyRated Best of Accounting). Client testimonials include multi-decade relationships (45+ years with David A. Nice Builders) and NPS-equivalent recommendation rates of 74-100% across industries. Following the December 31, 2025 divestiture of PBMares Wealth Management LLC to Apella Wealth, the firm is now a focused CPA and business advisory practice.

Name

PBMares, LLP

Legal name

PBMares, LLP

Website

https://pbmares.com

Company type

Private

Founded year

1963

Operating status

Operating

Headcount range

251–500 employees

Short description

PBMares, LLP is a privately held, full-service CPA and business advisory firm delivering tax, audit, and advisory services across 12 industry verticals through 12 Mid-Atlantic offices, serving clients in 50 US states and 12 countries since 1963.

Ownership category

akta.pro rank

Headquarters

HQ city

Newport News

HQ country

United States

HQ region

North America

Offices12 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Tax Services: Comprehensive tax planning and compliance services for businesses and individuals including business tax planning, international tax, state and local tax, succession planning, estates and trusts, and private client services. Revenue is generated through professional service fees on engagement basis.
2. Audit & Assurance: Audit, review, and compilation services including SOC reporting (SOC 1, SOC 2, SOC 3), employee benefit plan audits, single audits, yellow book audits, and public company services. Delivered by credentialed professionals with industry-specific expertise.
3. Advisory Services: Business advisory including risk assessments, business valuations, cybersecurity risk, process optimization, retirement plan services, outsourced accounting (back office, controller, CFO services), and risk advisory. Comprehensive consulting engagements with strategic focus.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

PBMares, LLP is a full-service CPA and business advisory firm delivering tax planning and compliance, audit and assurance, and advisory services across multiple industry verticals. The firm serves mid-market and enterprise clients with specialized practices in construction, healthcare, government contracting, not-for-profit, hospitality, real estate, credit unions, franchises, professional services, and state and local government. Service delivery spans compliance, attestation, business valuations, cybersecurity risk management, retirement plan administration, and outsourced accounting (back office, controller, and virtual CFO services).

Product overview

PBMares, LLP is a nationally recognized public accounting and business advisory firm organized as a single integrated platform delivering professional services across three core service lines (Advisory, Audit & Assurance, and Tax) supported by specialized industry vertical practices. The firm operates as a full-service accounting practice offering advisory services (business risk, valuations, cybersecurity, process optimization), retirement plan services (audits and third-party administration), and outsourced accounting solutions (back office, controller, and CFO services). Industry-specific practices serve Construction/Real Estate, Credit Unions, Franchises, Government Contracting, Healthcare, Hospitality, Not-for-Profit, Professional Services, and State & Local Government sectors. The portfolio is structured as a unified professional services offering rather than discrete software products, with service delivery augmented by proprietary methodologies, certified professionals (including Green Belt, CISA, CISM, QSA credentials), and technology partnerships with QuickBooks and Sage Intacct.

Differentiator

Problem solved

Functional benefit

Products and services

• Tax Services
• Audit & Assurance
• Business Advisory Services
• Risk Advisory
• Retirement Plans
• Outsourced Accounting
• Government Contracting Services
• Healthcare Services
• Not-for-Profit Services
• Construction & Real Estate Services
• Credit Union Services
• Professional Services Industry Practice
• Hospitality Services
• Franchise Services
• State & Local Government Services
• Business Risk Services
• Business Valuations
• Cybersecurity Risk Services

Quantifiable outcome

• 74-81% of clients across industries would recommend PBMares to colleagues (NPS)
• +3 more outcomes

Named customers15 records

Segments11 records

Ideal customer profiles10 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature4 records

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Cherry Bekaert: Headquartered in Richmond, VA, Cherry Bekaert is a Top 30 US CPA and advisory firm with comparable regional Mid-Atlantic presence, similar industry-vertical specialization, and overlapping audit/tax/advisory services targeting middle-market clients.
• FORVIS (formerly Dixon Hughes Goodman): Top 10 US CPA firm formed through merger with deep regional roots in the Southeast and Mid-Atlantic. Directly comparable in industry-vertical model, mid-market focus, and professional services breadth.
• Baker Tilly US: Top 15 US accounting and advisory firm with comparable industry specialization (construction, government, healthcare, NFP) and a similar mid-market to enterprise client profile.
• CliftonLarsonAllen (CLA): Top 10 US CPA firm operating a regional office model with comparable industry-vertical practice groups (construction, healthcare, NFP, government) targeting middle-market clients across similar geographies.
• Plante Moran: Top 15 US CPA firm with similar mid-market focus, industry specialization, and a partner-led service model; comparable in size and professional services economics.
• Wipfli: Top 25 US accounting and advisory firm with comparable middle-market positioning, industry-vertical practices, and a similar mix of audit, tax, and advisory services.

Broad incumbents

• BDO USA: Top 10 US accounting firm with overlapping middle-market and industry-vertical services; significantly larger than PBMares and competes for the same client profile at the upper end.
• RSM US: Top 5 US accounting and advisory firm competing for middle-market clients with similar industry-vertical coverage; larger scale but overlapping service lines and target segments.
• Grant Thornton US: Top 7 US accounting firm offering audit, tax, and advisory services to mid-market and enterprise clients; a larger competitor with overlapping industry-vertical practices and government contracting capabilities.
• KPMG US: Big 4 accounting firm with substantial middle-market audit/tax/advisory practice; overlaps with PBMares in industry verticals (government, healthcare) but at significantly larger scale and broader geographic reach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/pbmaresllp
• LinkedInlinkedin.com/company/pbmares-llp
• Instagraminstagram.com/pbmares
• Xx.com/pbmares

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles24 records

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 PBMares, LLP