Global consulting firm J.S. Held expanded its corporate finance and investment banking expertise with the acquisition of Phoenix Management Services, which provides operationally focused turnaround, transaction and strategic growth investor services, and Phoenix IB, an independent, licensed broker-dealer under federal and state securities law that provides special situation investment banking solutions to middle-market enterprises across the U.S.

Phoenix Management Services, under the leadership of Michael Jacoby, James Fleet, Brian Gleason and Joseph Nappi, has decades of experience across more than 50 industries and more than 1,600 client engagements. The company’s expertise serves middle-market clients across multiple sectors, providing:

  • Bankruptcy Advisory
  • Business & Operational Assessments
  • Crisis, Turnaround and Liquidity Management
  • Independent Director Roles
  • Interim Management (CEO, CFO, COO, CRO)
  • Investor Support Services
  • Operational Improvement & Restructuring
  • Secured Creditor Advisory

“We see a tremendous opportunity to expand our teams’ collective executive, financial, operational and strategic management expertise in combination with the experts at J.S. Held,” Jacoby, who serves as senior managing director and shareholder at Phoenix Management, said. ”As a part of J.S. Held, our clients will benefit from our global footprint and expanded capabilities, working alongside 1,500 experts with deep technical and scientific mastery and a unique understanding of intellectual property and intangible value drivers, among others.”

“Among many qualities that were attractive to us in this acquisition is the unique combination of entrepreneurial and visionary leaders with an unwavering focus on operations that helps clients maximize enterprise value,” David Weiner, executive vice president at J.S. Held, said. “The addition of the Phoenix team reinforces our shared expertise across many sectors, including construction, energy and power, healthcare, high tech, manufacturing, retail, telecom, transportation and others.”

As a result of the transaction, Phoenix Management clients have access to more than 1,500 technical, scientific, financial and strategic experts across five continents, including business enterprise and intellectual property valuation; compliance and regulatory consulting; forensic accounting, labor, and dispute investigations; M&A regulatory response; ESG & sustainability consulting; cybersecurity; interim management and independent director candidates, among others.

Clearsight Advisors served as financial advisor to Phoenix Management in connection with the transaction.