Merger Strengthens Schneider Downs Business Advisory Group with Addition of Corporate Workout/Turnaround Management Services
PITTSBURGH—April 7, 2015—Schneider Downs, a top-60 certified public accounting and business advisory firm in the United States, announced today that it has entered an agreement to merge with The Meridian Group, an investment banking and management consulting company. The Meridian Group specializes in providing, corporate workout/turnaround management services, financing, management consulting and merger and acquisition consulting.
The arrangement will create a new entity, Schneider Downs Meridian, LP, and will meld services from the two organizations. The merger increases Schneider Downs’ expertise in the areas of corporate finance, mergers and acquisitions and due diligence, and will immediately expand the firm’s business advisory services with corporate workout/turnaround management experience and debt refinancing.
“Under the direction of Margaret Good and her team, The Meridian Group has earned a national reputation as a premier provider of workout and turnaround management assignments,” stated Joel Rosenthal, Practice Unit leader of Business Advisory services at Schneider Downs. “We are thrilled that they will be collectively joining our firm and expanding the services we can offer to our clients. This is a great fit in terms of services, experience and team chemistry. We look forward to joining our teams together.”
Founded in 1988, The Meridian Group is headquartered in Pittsburgh, PA and provides services nationally, with a particular concentration in Pennsylvania, Ohio, Upstate New York and the Mid-Atlantic Region. These service areas will only be strengthened by Schneider Downs Columbus office.
“This is really an ideal partnership for both organizations, bringing together two firms with long-standing reputations for business insight and client service. Our services are complimentary, which will benefit clients from both of our firms by expanding the scope of services we have available,” explained Ms. Good. “We look forward to our future together.”
For more information about Schneider Downs Meridian, contact Sean Smith at (412) 697-5321 or [email protected].
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