Friedman LLP and Executive Sounding Board Associates Join Forces

NEW YORK, PHILADELPHIA, AND BALTIMORE, Sept. 29, 2014 /PRNewswire/ -- Friedman LLP and Executive Sounding Board Associates LLC (ESBA) today announced that Friedman will integrate the business consulting, turnaround management, restructuring and crisis management practice of ESBA into Friedman effective January 1, 2015. Friedman and ESBA will continue to operate as independent brands.  Friedman is a top 50 national accounting and business services provider to public and private companies. ESBA is a leading turnaround, restructuring, crisis management, corporate finance, and litigation support advisory firm.

The integration expands Friedman's footprint in Pennsylvania and Maryland and provides clients of both firms with full service accounting, tax, advisory, and restructuring services.

Conversely, ESBA will grow its presence in New York and will have the ability to leverage its expertise and contact base with the support of Friedman personnel.

Clients of ESBA gain access to Friedman's array of financial, tax and audit services that are critical to successful turnarounds while Friedman's ability to drive turnarounds in its own client base is enhanced by ESBA's focus on special situations as well as cash flow enhancement and profit improvement.

"The Friedman/ESBA integration arose out of a mutual trust and desire to provide our clients with an increasing depth of high quality professional services," said Bruce Madnick, Managing Partner of Friedman LLP. "This relationship with ESBA will provide a strong entrance into both the Philadelphia and Baltimore markets and allow us to enhance our practice overall."

"This integration is an opportunity for both ESBA and Friedman to expand our respective markets and services," added Robert Katz, President of ESBA. "Our offerings complement each other nicely, especially Friedman's Forensic Accounting, Litigation Support and Valuation Services (FLVS) with ESBA's restructuring and crisis management expertise."

About Friedman LLP 
Friedman LLP, headquartered in Manhattan with locations throughout New York, New Jersey, Pennsylvania and Beijing, has been serving the accounting, tax and business consulting needs of public and private companies since 1924. Our industry-focused practice features concentrated areas of expertise and understanding of the economic environment. We have the ability to be powerful and personal in our approach, act quickly in our decision-making and be flexible in our delivery of services. Our clients benefit from hands-on contact with our partners, cutting-edge technical expertise and our understanding of their industry and their business. Our clients have the advantage of working with a mid-size accounting firm that combines the staff and resources of a large firm with a philosophy of personal responsibility for our clients. Please also visit www.friedmanllp.com to learn more about our firm.  Friedman LLP – Your livelihood, empowered.

About Executive Sounding Board Associates LLC.  
For over 35 years, Executive Sounding Board Associates LLC, a leading turnaround, restructuring, crisis management, corporate finance and litigation support advisory firm, has worked with U.S. and international middle market companies experiencing financial or operational challenges as well as lenders and law firms in these sectors. Over 1,100 public and privately-held companies have benefited from ESBA's partnering approach to restoring value for its clients while restoring confidence with the clients' stakeholders including attorneys, investors, lenders, debtors and creditors. ESBA has served the needs of clients across a wide range of industries. The Beard Group, publisher of Turnarounds and Workouts Magazine, The Deal publication and the M&A Advisor organization have recognized ESBA as one of the top turnaround consulting firms. In addition, its professionals are consistently ranked among the top crisis management professionals in the United States. Headquartered in Philadelphia, ESBA has offices in New York City and Baltimore. Additional information about the firm is available at www.esba.com.

MEDIA CONTACT:

SOURCE Friedman LLP