Deal expands the professional services firm's West Coast presence and adds specialized recruiting and advisory capabilities for finance leaders.
Philadelphia-based professional services firm SolomonEdwards has acquired CFO's Domain, a consulting and recruiting firm specializing in advisory services for the Office of the CFO. The announcement, made Feb. 26, confirms a strategic move by SolomonEdwards to expand its finance and accounting capabilities and strengthen its presence in California.
CFO's Domain, based in Los Angeles, provides consulting, interim staffing, and professional search services across a range of financial functions, including financial planning and analysis (FP&A), M&A integration, IPO readiness and financial systems implementation. The firm serves clients in sectors such as technology, media, life sciences and financial services.
Under the terms of the deal, CFO's Domain will initially operate as a SolomonEdwards Company before fully transitioning into the parent company's Office of the CFO consulting practice. Co-founders Rahul Merani and Patrick Coggins will join the SolomonEdwards leadership team to support the firm's national expansion.
John Gulnac, CEO of SolomonEdwards, described the acquisition as a step in the firm's strategy to build out its consulting platform for finance executives. He noted that the deal brings deeper finance transformation and FP&A expertise, along with a significant West Coast footprint.
The acquisition is expected to provide CFO's Domain clients with access to SolomonEdwards' wider service offerings, including data and risk solutions. In turn, SolomonEdwards clients will gain access to more specialized consulting depth and recruiting services within finance departments.
This transaction is the latest in a series of acquisitions for SolomonEdwards since it received a majority investment from Renovus Capital Partners in 2022. Previous acquisitions include Dominion Advisory Group, Steele Consulting and Pencek Advisors, all part of a broader growth strategy to diversify the firm's client base and services.
SOURCE: SolomonEdwards
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