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Executive Sounding Board Associates, Friedman LLP Join Forces

September 24, 2014, 07:43 AM
Filed Under: Turnaround Management

Friedman LLP and Executive Sounding Board Associates LLC (ESBA) announced that Friedman will integrate the business consulting, turnaround management, restructuring and crisis management practice of Executive Sounding Board Associates (ESBA) into Friedman effective January 1, 2015.

Friedman and ESBA will continue to operate as independent brands.  Friedman is a top 50 national accounting and business services provider to public and private companies. ESBA is a leading turnaround, restructuring, crisis management, corporate finance, and litigation support advisory firm.

The integration expands Friedman’s footprint in Pennsylvania and Maryland and provides clients of both firms with full service accounting, tax, advisory, and restructuring services.

Conversely, ESBA will grow its presence in New York and will have the ability to leverage its’ expertise and contact base with the support of Friedman personnel.

Clients of ESBA gain access to Friedman’s array of financial, tax and audit services that are critical to successful turnarounds while Friedman’s ability to drive turnarounds in its own client base is enhanced by ESBA’s focus on special situations as well as cash flow enhancement and profit improvement.

“The Friedman/ESBA integration arose out of a mutual trust and desire to provide our clients with an increasing depth of high quality professional services,” said Bruce Madnick, Managing Partner of Friedman LLP. “This relationship with ESBA will provide a strong entrance into both the Philadelphia and Baltimore markets and allow us to enhance our practice overall.”

Friedman LLP, headquartered in Manhattan with locations throughout New York, New Jersey, Pennsylvania and Beijing, has been serving the accounting, tax and business consulting needs of public and private companies since 1924.Our industry-focused practice features concentrated areas of expertise and understanding of the economic environment.

For over 35 years, Executive Sounding Board Associates LLC, a leading turnaround, restructuring, crisis management, corporate finance and litigation support advisory firm, has worked with U.S. and international middle market companies experiencing financial or operational challenges as well as lenders and law firms in these sectors. Over 1,100 public and privately-held companies have benefited from ESBA’s partnering approach to restoring value for its clients while restoring confidence with the clients’ stakeholders including attorneys, investors, lenders, debtors and creditors. ESBA has served the needs of clients across a wide range of industries. The Beard Group, publisher of Turnarounds and Workouts Magazine, The Deal publication and the M&A Advisor organization have recognized ESBA as one of the top turnaround consulting firms. In addition, its professionals are consistently ranked among the top crisis management professionals in the United States. Headquartered in Philadelphia, ESBA has offices in New York City and Baltimore.

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