LOUISVILLE, KY, APRIL 11, 2018 - Strothman and Company, a full-service CPA and Advisory firm, today announced that it has merged with middle-market strategic advisory firm Pallas Partners, Inc. and formed a new division called Strothman Strategic Advisory Services. The Strategic Advisory Services Division will continue Pallas' regional focus on providing advisory services to business owners with revenues between $2 million and $70 million as well as merger and acquisition and other financial advisory services to enterprises valued in the $3 million to $100 million range.
Matthew Saltzman, Founder and CEO of Pallas, will become a Partner of Strothman and Company as the Director of the Strategic Advisory Services Division. Terms of the transaction were not announced. Strothman and Company Founder Ray Strothman said, "The combination of Pallas and Matthew Saltzman with the Strothman brand and platform of services is a very significant and powerful addition to the Strothman Business family. Since our inception, we have focused on entrepreneurial clients and with the addition of Matthew Saltzman and Pallas Partners we now have the capability of helping our clients accelerate their growth and monetize the value they have built into their companies."
Bill Meyer, Managing Partner at Strothman and Company noted, "Matthew Saltzman and Pallas Partners have built a strong reputation and has established outstanding relationships in the region that are very synergistic with our firm's core capabilities. The combination now offers an end to end turnkey capability to clients that goes well beyond the traditional accounting firm and includes strategic operational advice, tax advice, business valuation, litigation support, capital advisory services, as well as transactional advisory services."
Founded in 2007 Pallas is a regional firm based in Louisville, Kentucky. As a strategic advisory boutique focused on accountable execution, Pallas provides three main services; strategic advisory, transactional advisory, and capital advisory. Focusing on the capital structure, operating efficiencies and revenue growth Pallas has played an active role regionally over the last decade in business turnarounds, growth initiatives, workouts and turnarounds, capital structuring, private equity, and M&A. Recent Pallas engagements include advising both V-Soft and Malone Staffing on multiple acquisitions and advising ISA management on the sale to Align. Prior assignments include a number of workouts and turnarounds for local bank clients, advising on the restructure of Muhlenberg Hospital, and the turnaround of Bert R. Huncilman and Son, a 100-year-old third generation company.
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