TowerBrook Capital Partners, an international investment management firm, made an investment in EisnerAmper.
TowerBrook’s capital infusion will help drive EisnerAmper’s long-term growth initiatives, which include accelerating the evolution of service offerings, investing in talent and technology and expanding via organic growth and targeted mergers and acquisitions.
Going forward, EisnerAmper, a licensed CPA firm, will provide attest services and Eisner Advisory Group will provide business advisory and non-attest services.
“EisnerAmper and TowerBrook share common goals to provide superior client service, accelerate growth, create value, attract and retain the best and brightest talent and be responsible corporate citizens,” Charly Weinstein, CEO of EisnerAmper, said. “We’re supremely confident that now is the right time for this forward-looking move, and we’re excited about the future opportunities this creates for our clients, our communities and our team.
“Rather than conforming to traditional frameworks, adopting a new model of ownership facilitates the best structure for the firm to drive growth and innovative solutions to our clients. Our colleagues will be able to chart a course for success in our purpose-built practice structure. EisnerAmper will continue to be a leader of positive transformative change for the profession as a whole.”
“EisnerAmper’s commitment to providing industry-leading services has helped it to build a large, long-term client base that is continuing to grow,” Jonathan Bilzin, co-president and managing director at TowerBrook Capital Partners, said. “We see a significant opportunity for the business to increase the pace of that growth with the help of TowerBrook’s resources and relevant experience.”
“We look forward to working with Charly and the partnership at EisnerAmper to continue to grow their platform through strategic M&A and further investments in technology to support their client base,” Walter Weil, managing director at TowerBrook Capital Partners, said.
Deutsche Bank Securities acted as sole financial advisor to EisnerAmper and provided committed debt financing in support of the transaction. Financial terms of the transaction were not disclosed.
