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Mid market firms struggle in downturns without the diversification of services mix. This is just the beginning.
Alix and A&M are both much better positioned for the downturn compared to Big 4 given their supply chain and turnaround depth.
I hadn’t heard they’re selling but they may be trying to time a bad market (where they excel) for max selling price.
Neither are at all mid market. They tend to have marquee clients.
A&M isn’t selling. Alix sold a slice to PE years ago, it’s just the stake changing hands again.
Enthusiast
Where is the source for A&M selling?
I missed the news article on this / can't find it, can you send a link?
A PE firm owned a part of AP. It’s being kicked around again for sale…that portion.
Have also not heard anything about A&M, but was under the impression that both the Alvarez and Marsal families still have a significant amount of the partnerships equity. Could be wrong but seems like a PE scenario waiting to happen
51%