Choreo, a Chicago-based financial advisory firm, has acquired the wealth management arm of North Carolina accounting firm GreerWalker and established an ongoing partnership with GreerWalker to help both companies grow, Choreo announced yesterday.
This is the third acquisition Choreo has announced since the private equity firm, Parthenon Capital, together with Choreo management and advisors, purchased the company in February 2022 from one of the largest CPA and professional services firms in the country.
GreerWalker Wealth is based in Charlotte, N.C. The deal further expands Choreo’s presence in the Southeast and adds another $275 million in its assets under management for a total of $14.8 billion.
"Partnering with GreerWalker is a special opportunity," Larry Miles, CEO of Choreo, said in a statement. "Our firms have a strong philosophical alignment, shared CPA heritage and a complementary vision for future growth."
Choreo previously announced the acquisitions of Enso Wealth Management and Cherry Bekaert Wealth Management, which added a total of $2.8 billion in AUM. Choreo has 28 locations across the country.
GreerWalker provides tax, accounting and advisory services focused on privately held middle-market companies and their owners. Choreo’s partnership with GreerWalker will expand the technology and operations expertise that will help both firms grow, said John Norman, managing partner at GreerWalker, in a statement.