J.S. Held buys Phoenix Management Services and Phoenix IB

11 October 2023 Consulting.us 2 min. read

Consulting firm J.S. Held has acquired Phoenix Management Services, a Philadelphia-based turnaround and transaction advisory firm, and affiliate company Phoenix IB, a special situations investment bank.

Founded in 1985, Phoenix Management has completed more than 1,600 client engagements across 50+ industries, primarily for mid-market companies. The firm’s offerings include bankruptcy advisory, operational improvement and restructuring, turnaround management, interim leadership, and investor support services.

Phoenix Management has more than 80 professionals across offices in Atlanta, Boston, Cleveland, Ft. Lauderdale, New York, and Philadelphia.

Phoenix IB is a Finra-registered broker-dealer that provides special situation investment banking services to mid-market companies. The firm works on complex transactions including ones with tight funding deadlines, enhanced leverage requirements, rapid unfolding, and distressed or turnaround situations.

J.S. Held buys Phoenix Management Services and Phoenix IB

Phoenix IB has offerings in M&A advisory, debt and equity capital raising, balance sheet optimization, and restructuring advisory.

The firm has seven employees listed on LinkedIn.

“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," said David Weiner, EVP at J.S. Held. "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."

Founded in 1974 and headquartered in Jericho, NY, J.S. Held provides specialized technical and forensic advisory services to a wide range of industries. The firm’s practice areas include forensic accounting, economics, corporate finance, investigations, construction claims and disputes, and environmental health and safety.

J.S. Held has more than 100 offices across the Americas, EMEA, and Asia-Pacific regions.

"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," said Michael Jacoby, senior managing director and shareholder at Phoenix Management.

J.S. Held last month announced the acquisition of TechPats, a Philadelphia-based, full-service intellectual property (IP) consulting firm.