Accordion, a private equity-focused financial consulting and technology firm, has acquired Mackinac Partners, a financial advisory, restructuring, and operational turnaround firm. Accordion has experienced tremendous organic growth, underscored by private equity’s focus on the role of value creation in a successful investment strategy, and accelerated by the firm’s 2018 investment from FFL Partners.
Jim Weissenborn, Mackinac’s founder, will remain its managing partner and serve as president of Accordion’s turnaround and restructuring practice.
Nick Leopard, Founder and CEO of Accordion, said, “Value creation and value stabilization now go hand-in-hand during economic curves of every size and shape, and companies need to be well-positioned to respond to industry disruption and transformation. Our acquisition of Mackinac not only fortifies our business through volatile economic cycles, but it’s also inherently customer-centric at its core. The ability to provide unparalleled turnaround and restructuring services will mean support for clients through all phases – the highs and the lows – of their commercial lifecycle.”
Mackinac’s background in complex financial restructurings, business turnarounds and interim management services will be added to Accordion’s existing performance improvement practice and its additional service areas: operational and technical accounting, strategic financial planning and analysis, transaction execution, and public company readiness.
Weissenborn commented, “They say deals where everyone wins are a rare breed – this one seems the rarest. It’s a win for our clients and their management teams who now have expertise at their disposal beyond the red turnaround phase into the yellow and green of value creation and growth acceleration. It’s a win for Accordion’s clients who are experiencing a period of disruption in their growth trajectory. It’s a win for our team who is joining a company with a unique culture, focused on a better way to work in finance. And, it’s a win for me personally, to work alongside a team that shares a passion for driving lasting change across the private capital industry.”