Birmingham, Mich. – BDO Consulting, a division of BDO Seidman, LLP has signed an agreement with Amherst Partners, LLC to co-market and co-execute on automotive restructuring opportunities. This affiliation will allow both firms to provide financial advisory and restructuring services to larger and more diverse clients in the automotive sector.
“Amherst is very respected by lenders and investors for the many financial advisory services it provides to the automotive industry. The affiliation between our two brands will expand the profit improvement, turnaround, and restructuring capabilities offered in the automotive sector and to Amherst’s existing clients,” said Bill Lenhart, the Partner and National Director for BDO Consulting’s Business Restructuring Group. “BDO has an established international footprint through the BDO worldwide network of public accounting firms that will allow Amherst to serve larger clients domestically or globally in more than 110 countries.”
“Working closely with the BDO team gives us the capabilities to take on larger restructuring assignments, while still maintaining our strong, independent presence in the marketplace,” said Sheldon Stone, Partner in charge of Amherst’s Restructuring practice.
Amherst Partners, which is celebrating its 16th year, is well-known and respected in the Detroit restructuring and turnaround space. The Business Restructuring Services (BRS) practice of BDO Consulting has approximately 60 professionals in the U.S., over half of whom have more than 20 years of experience.
About BDO Consulting’s Business Restructuring Services Practice
BDO Consulting’s Business Restructuring Services practice provides financial advisory, business restructuring and transaction support services to corporations, lending institutions, hedge funds and law firms. Our professionals assist a wide range of clients, including bondholders, unsecured creditors, debtors, stockholders and investors with matters involving bankruptcy/out-of-court workouts, litigation, lender and M&A due diligence transactional support, profit improvement and turnaround services. Additionally, BDO Consulting, through BDO Consulting Corporate Advisors, provides interim management, debtor-side turnaround, secured creditor and operational advisory services to stakeholders in a distressed business environment. Our highly experienced professionals from varied backgrounds have provided services to organizations across a wide range of industries. http://www.bdoconsulting.com/services/business-restructuring.aspx
About BDO Consulting
BDO Consulting, a division of BDO Seidman, LLP, provides litigation, investigation, restructuring and risk advisory services to major corporations, law firms, insurance companies, providing rapid, strategic advice to assist our clients with dispute resolution, risk management, mergers and acquisitions, financial solvency and regulatory compliance issues, financial services entities and government organizations. Our highly experienced and well-credentialed professionals draw upon a range of industry knowledge and completed consulting engagements throughout the United States and internationally to provide clients with unparalleled service. BDO Consulting leverages the global industry and accounting knowledge of the BDO network, providing rapid, strategic advice to assist our clients with dispute resolution, risk management, mergers and acquisitions, financial solvency and regulatory compliance issues.
BDO Consulting is a division of BDO Seidman, LLP, a New York limited liability partnership and the U.S. member of BDO International Limited. BDO International Limited is a UK company limited by guarantee, and forms part of the international BDO network of independent member firms.
BDO is the brand name for the BDO network and for each of the BDO Member Firms. http://www.bdoconsulting.com
About Amherst Partners
Since 1994, Amherst Partners has assisted middle market businesses by providing comprehensive merger and acquisition, corporate restructuring, turnaround, and management advisory services. With offices in Birmingham and Ann Arbor, Michigan, Chicago, Illinois, and Columbus, Ohio, Amherst brings together skill in the merger and acquisition process, expertise in finance and operational management, and a network of local and global resources. http://www.amherstpartners.com