SierraConstellation Partners launches New York location

06 February 2020 2 min. read
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SierraConstellation Partners (SCP), a Los Angeles–based interim management and advisory firm, has opened an office in New York City.

Founded in 2013, SCP offers services in interim management, turnaround and restructuring, transaction advisory, performance improvement, debt capital solutions, and fiduciary services. The consultancy’s team of former C-suite execs, private equity investors, and investment bankers serve a wide range of industries, including financial services, technology, manufacturing, energy, and healthcare.

SCP’s new location in New York City is the company’s sixth office, joining LA, Boston, Dallas, Houston, and Seattle. The move is part of the growing firm’s strategy to expand into key financial markets in the US, while enhancing its national presence in the turnaround space.

The firm has brought in financial services veteran David Bitterman as a managing director and head of the New York office. He joins SCP from Huron Consulting Group.

David Bitterman, Managing Director - SierraConstellation Partners

“We’ve anticipated the establishment of a New York office for some time,” Larry Perkins, founder and CEO of SCP, said. “While New York is an important market in and of itself, the decision-making and senior leadership centralized in New York really influence the entire country. It is the center of the deal universe. David is a tried and tested finance veteran, and his deep relationships in our community make him the perfect person to spearhead this for our firm.”

Bitterman brings nearly 30 years of experience as a financial advisor, investment banker, and sell-side research analyst. He previously spent 11 years at management consultancy Huron Consulting Group, where he served as head of new business development and head of capital advisory. Before that he spent nearly 20 years in investment banking, working at Deutsche Bank Securities, Bear Stearns, and Bank of America.

Bitterman holds an MBA from New York University and BA in international relations from Tufts University.

“SCP’s reputation in the market is second to none and I could not be more excited to be a part of establishing a home base in the New York market and building on the excellent foundation thus far,” said Bitterman. “I look forward to leveraging the experience and network I’ve built throughout my career and believe strongly that the services we offer will be of particular interest in the region.”

SCP saw rapid growth last year, expanding its headcount by approximately half. The firm’s senior-level additions included Basil Karampelas as head of the Houston office, private equity veteran Carl Moore as a managing director in Dallas, and Rebecca Waits as chief people officer.