CHICAGO, July 10,
2024 /PRNewswire/ -- Stout, a global advisory firm,
is pleased to announce the acquisition of Financial Research
Associates, Inc. (FRA), a nationally recognized financial
consulting firm specializing in business valuation, forensic
accounting, and litigation support. Established over 40 years ago,
FRA brings significant expertise in its core areas, further
strengthening Stout's position as one of the largest business
valuation, litigation, and family law valuation practices
nationwide.
Stout welcomes FRA's team of over 30 professionals to the firm's
Valuation Advisory group. The acquisition will provide FRA's
clients with access to Stout's extensive network of professionals
and additional advisory services, including investment banking,
transaction advisory, disputes, claims, and investigations.
"This acquisition marks a significant milestone for Stout as we
continue to expand our capabilities in Business Valuation and
Litigation Support," said Greg
O'Hara, President of the Valuation Advisory group at Stout.
"FRA's deep expertise and strong market presence in the tri-state
area including Pennsylvania,
New Jersey, and New York complement Stout's existing
strengths, enhancing our ability to deliver exceptional service and
solutions to our clients."
"We are excited to join Stout and leverage its extensive
resources and global reach," said Jay E.
Fishman, Founder and Managing Director at FRA. "This union
will allow us to offer our clients enhanced capabilities, deeper
industry insights, and access to a broader range of advisory
services."
The deal marks Stout's eighth acquisition since Audax Private
Equity's investment in November 2021.
The acquisition of Financial Research Associates was finalized on
July 1, 2024, with legal counsel
provided by Winston & Strawn LLP.
About Stout
Stout is a global advisory firm specializing in corporate
finance, accounting and transaction advisory, valuation, financial
disputes, claims, and investigations. We serve a range of clients,
from public corporations to privately held companies in numerous
industries. Our clients and their advisors rely on our premier
expertise, deep industry knowledge, and unparalleled responsiveness
on complex matters. Learn about our Relentless
Excellence® at stout.com.
Stout is a trade name for Stout Risius Ross, LLC, Stout Advisors
SA, Stout Bluepeak Asia Ltd., Stout GmbH, MB e Associati S.r.l.,
Stout Park Ltd, and Stout Capital, LLC, a FINRA-registered
broker-dealer and SIPC member firm. The terms "Stout" or the "firm"
refer to one or more of these legally separate and independent
advisory practices.
About Financial Research Associates, Inc.
Financial Research Associates, Inc. is a financial consulting
firm specializing in business valuation and forensic accounting.
With over 40 years of experience, FRA offers a wide range of
services including litigation support, financial advisory, and
forensic investigation. Headquartered in Bala Cynwyd, Pennsylvania, with additional
offices in Edison, New Jersey, and
New York City, FRA is known for
its commitment to delivering precise, insightful financial
solutions to clients across various industries. For more
information, visit www.frainc.com.
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SOURCE Stout