PHILADELPHIA - Joseph C. Finnerty, a former Big 4 accounting firm director, has founded CenterSquare Advisory to bring his experience and capabilities to small and medium-sized businesses and lower middle-market companies.
CenterSquare Advisory advises corporations, private equity firms and family offices evaluating the acquisition or divestiture of businesses, among other value-add accounting and finance projects.
Most recently, Finnerty was a director in PricewaterhouseCoopers’ Deals Practice. He has advised on more than 75 merger and acquisition transactions in various industries. He worked on 16 deals in the pest control industry alone and has experience in the landscape industry.
“There is a lot of consolidation going on in highly fragmented services, such as pest control, commercial landscaping, plumbing & HVAC, transportation & logistics and managed information technology, because investors love a company with a solid book of recurring revenues with strong predictable cash flows,” Finnerty said.
In his previous role, Finnerty primarily represented large corporations and private equity firms that were evaluating buying smaller companies. He said he noticed the smaller businesses were often underrepresented from a finance and accounting perspective.
“Needless to say, this led these businesses to leave a lot of value on the table and sometimes even derailed an excellent opportunity over an issue that could have been prevented,” he says. “That is exactly why I founded CenterSquare Advisory: to assist investors and owners of smaller enterprises and lower middle-market companies in maximizing value in their businesses and the strategies they pursue.”
CenterSquare Advisory, based in Philadelphia, offers services including financial due diligence, post-deal advisory & reporting, mergers & acquisition intermediary, data analysis and interim management & project support.