Decosimo Corporate Finance Expands Sell-Side Advisory Reach With Affiliates

Monday, February 25, 2013

Decosimo Corporate Finance, LLC (“DCF”), an investment banking firm affiliated with the nine-office regional accounting and business advisory firm Decosimo, announced Monday that the firm is continuing to expand its sell-side advisory reach by adding affiliates in Michigan, New York and Texas. 

DCF Managing Director Tom Decosimo announced that certain shareholders and directors of Doeren Mayhew have affiliated with DCF for the purposes of representing companies planning to sell, recapitalize or raise debt and equity capital. In addition, certain partners of The Bonadio Group plan to formalize their affiliation with DCF as of May 1.

The public accounting firms Decosimo, Doeren Mayhew, and The Bonadio Group are all independent member firms associated with Moore Stephens North America (MSNA), an association comprising 50 accounting firms in the U.S., Canada, Mexico and the Caribbean.

DCF, a broker/dealer, member FINRA/SIPC, has a track record of proven experience and a seasoned transaction team who work with the goal of maximizing value to clients in every transaction. Through the DCF affiliation, firms will develop and share best practices and collaborate on executing sell-side assignments. The affiliated firms bring to the DCF process significant knowledge across a wide variety of industries.

Mike Costello, a co-founder of DCF based in Chattanooga, said, “When it comes to investment banking services, DCF brings accounting-based sensibilities to representing family-owned and closely-held businesses. The further development and formalization of these services is a natural extension of professional advisory services provided to businesses.”

Doeren Mayhew is a CPA and advisory firm offering investment banking services. New DCF affiliates Tim Moore and Steven Silverman lead Doeren Mayhew’s sell-side advisory practice in Houston, Texas and Detroit, Michigan.  Mr. Moore, a managing shareholder, has more than 25 years of merger and acquisition experience on both the buy and sell sides. Mr. Silverman, a director and certified Merger & Acquisition advisor, was recently named the 2012 Alliance of Merger and Acquisition Advisors Member of the Year.

The Bonadio Group, New York’s largest up-state accounting firm, has offices throughout the state. Joining DCF as affiliates in May are Tom Bonadio and Jeff Lewis who lead The Bonadio Group’s private equity team, which performs sell-side advisory and other services. Co-founder and Managing Partner for Bonadio since 1978, Mr. Bonadio specializes in business advisory services to help privately-held companies maximize value and return to shareholders. Partner Mr. Lewis advises private equity groups and companies in accessing capital and in various merger and acquisition activities.

Paul Cheney, another DCF co-founder who works out of Decosimo’s Cincinnati office and has been responsible for the firm's Major League Baseball transactions said, “A nationwide network of affiliated investment bankers provides a significant resource to DCF clients.”

“DCF embodies the spirit in which we founded the Decosimo CPA firm – providing the highest level of corporate finance services to family and closely-held businesses, as well as traditional tax and accounting services,” said Joe Decosimo, a senior advisor to DCF.

In addition to their roles with DCF, Mike Costello, Paul Cheney and Tom Decosimo continue to be active in providing business valuation and litigation support services as principals of the Decosimo accounting firm. The Decosimo CPA firm has been involved in over $17 billion in transactions since its founding in 1971.

 


Chattanooga Chamber Leads State In tnAchieves Mentor Recruitment

The Chattanooga Chamber's staff led Tennessee in the goal to recruit mentors for this year's tnAchieves mentoring program. In its third year, the program pairs high school seniors with professionals and other volunteers to ease the transition from high school to college. Mentors began meeting with their students this month. With a goal of 387 volunteers, Hamilton County signed up ... (click for more)

Julie Baumgardner Honored As 2017 Chattanooga Area Manager Of The Year

Julie Baumgardner, president and CEO of First Things First , has been named the 2017 Chattanooga Area Manager of the Year .  She will be honored with the award during a luncheon  June 7 . Member organizations of Chattanooga Area Manager of the Year (CAMOY) award this annual honor, now in its 32nd year, to recognize an executive manager who has made significant ... (click for more)

State Says "Beef" Between 2 Bloods Gangs Started Over A Female And Led Eventually To Shootings At College Hill Courts

The state presented testimony on Monday about a feud between two Bloods gangs that allegedly eventually led to a 16-year-old shooting up a unit at College Hill Courts - killing one woman, injuring another, leaving a child paralyzed and injuring a member of the other Bloods gang. A city police gang expert said the bitter rift between the Athens Park Bloods based on the Southside ... (click for more)

Search On For Chad Cook, Missing Since Early Monday Morning After Going Dirt Bike Riding On Walden's Ridge

Walden's Ridge Emergency Services has been assisting the Sequatchie County Sheriff's Office searching for a missing person from Hamilton County since 10:30 a.m. Monday. Chad Cook, 38, was last heard from by family members at 2 a.m. Monday. Family members reported to Sequatchie County Sheriff's Office personnel around 2 a.m. that he, along with two males and one female, were ... (click for more)

Slaxxon Regret - And Response

Back in the seventies my three oldest brothers had a buddy named Steve Slack. “Slack” was a star soccer player at Baylor and he grew up on Lookout Mountain, which is where I grew up. He and Jimmy, Henry and Bill went to the University of Virginia where they were roommates in an old, beat up house that was painted pink. Naturally, the place became known as the “Pink Palace” but lest ... (click for more)

Roy Exum: Oh Yes, I Loved West

One of my most beloved friends died early Saturday morning at the age of 67. Then again, West Oehmig’s only brother – King – died a couple of years ago at 63 so it wasn’t by happenstance I remembered Abraham Lincoln’s famous line: “In the end, it’s not the years in your life that count, it’s the life in your years.” Here are two brothers who lived larger than any other pair I can ... (click for more)