Conway MacKenzie, a longtime Birmingham-based turnaround, restructuring, and operational improvement firm, has been acquired by Riveron, a national business advisory firm specializing in accounting, finance, and operations headquartered in Dallas. Financial terms of the transaction were not disclosed.
With the addition of Conway MacKenzie, the combined company will have more than 500 employees in 13 offices across the nation and offer a full suite of services spanning mergers and acquisitions, financial reporting, performance improvement, technology enablement, and finance operations, for both healthy and distressed environments.
“The combination of Riveron and Conway MacKenzie marks a major advancement for both firms and enhances each firm’s core strengths,” says Don MacKenzie, co-founder and CEO of Conway MacKenzie who will lead the national restructuring practice and join Riveron’s board of directors. “Together, we will offer a broader range of advisory services to our existing and future clients, while retaining our shared vision of relentless dedication to client service. I look forward to our future.”
Jeff Zappone, senior managing director for Conway MacKenzie, will become the chief integration officer of the combined entity. “The joining of our firms will enable us to take a best-of-both approach to further pursue our growth ambitions, while retaining our commitment to clients above all else,” Zappone says. “Our collective resources will help us deliver an even stronger offering to clients and create a world-class platform for our teams. We will continue to invest in our existing capabilities, as well as build out new practices, grow our footprint strategically in new markets, and attract and hire the best and brightest talent to serve our clients.”
As part of Riveron, Conway MacKenzie will continue to go to market under its long-standing Conway MacKenzie brand.
“We’re thrilled to welcome the immensely talented Conway MacKenzie team to the Riveron family and enter the next phase of our growth journey together,” says Landon Smith, founder and CEO of Riveron. “Conway MacKenzie’s complementary services, diverse industry knowledge, and deep expertise in solving complex business problems will enable us to bring more robust, end-to-end solutions to our clients. Our comparable growth-oriented, entrepreneurial cultures will provide excellent career opportunities for our people and enable us to jointly expand into new service areas for clients.”