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Bonadio grows private equity practice

By Kevin Tampone

Date:

Accounting firm The Bonadio Group is launching a new partnership that will expand its investment banking practice nationwide.

Bonadio will become a registered representative of Decosimo Corporate Finance, LLC on May 1. The partnership will help grow Bonadio’s work with companies looking to sell, recapitalize, or raise debt and equity capital.

Decosimo Corporate Finance is the investment banking unit of Decosimo Certified Public Accountants, based in Chattanooga, Tenn.

The new partnership also includes Doeren Mayhew, an accounting firm with offices in Houston and Detroit. All three firms will work together to develop and share best practices in investment banking and collaborate on transactions.

“The Bonadio Group is the only advisory firm in upstate New York with both a statewide footprint and a middle-market investment banking practice,” Jeff Lewis, a Bonadio partner and head of the firm’s private equity practice, said in a news release. “As our private equity practice continued to grow, we were looking for a broker/dealer that brought both a similar client-service philosophy and additional resources to the table. Decosimo did both, and we feel they are the perfect long-term partner for us.”

Bonadio has 400 employees and projected revenue of $54.9 million for its 2013 fiscal year. Based in Rochester, the firm has additional offices in Syracuse, Geneva, Perry, the Utica area, Buffalo, Albany, and New York City.

Contact Tampone at ktampone@cnybj.com

 

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