Deal combines Province's financial restructuring practice with StoneTurn's expertise in disputes and investigations, forming a 300-person firm aimed at complex corporate challenges.
Financial advisory firm Province announced today it has acquired StoneTurn, a global firm specializing in disputes, investigations and risk advisory services. The transaction creates a combined entity with more than 300 professionals across 19 offices on five continents.
The acquisition is positioned as a strategic move to build a multidisciplinary platform capable of managing interconnected financial, legal, and regulatory issues for corporate clients. By integrating StoneTurn's investigative and compliance services with Province's established practice in restructuring, interim management and capital markets, the firm aims to provide a more unified service for high-stakes corporate situations.
"Our clients are increasingly facing situations where investigations, disputes and financial distress converge," said Paul Huygens, Chief Executive Officer of Province, in a statement. "By bringing together Province's restructuring and financial advisory capabilities with StoneTurn's complementary best-in-class investigative and forensic expertise, we are building a platform designed to address multifaceted business challenges on a global basis."
This acquisition continues the growth strategy for Province following its partnership with private equity firm Trivest in 2024.
StoneTurn, founded in 2004, has a notable client history, having advised over 95% of the AmLaw 100 and more than half of the Fortune 100. The firm has also worked on more than 30 monitorships for government agencies. StoneTurn was previously backed by MML Capital Partners.
Brad Wilson, Managing Partner of StoneTurn, cited cultural alignment as a key factor in the decision. "Both firms share a commitment to senior-led execution built upon decades of experience," Wilson stated. "Together, Province and StoneTurn can support our clients with broader capabilities without sacrificing the agility and personal attention that define how we work."
The combined firm will operate with on-the-ground experience in over 100 countries. Jefferies LLC served as the buy-side advisor to Province, while Clearsight Advisors, Inc. advised StoneTurn on the sale.
SOURCE: Province
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