AlixPartners expands into Canadian market with acquisition of KSV Advisory

AlixPartners, a New York-headquartered management consulting firm, has agreed to acquire KSV Advisory, a Toronto-headquartered restructuring consulting firm.

The transaction, which is expected to complete on June 1, will expand AlixPartners’ physical presence into Canada with new offices in Toronto and Calgary.

KSV, which has 37 people listed on its website, will join AlixPartners’ turnaround and restructuring practice. David Sieradzki, Mitch Vininsky, and Noah Goldstein will join as partners & managing directors, while co-founder Booby Kofman will become a senior advisor.

“This exciting transaction affords us the opportunity to take this high-performing team to a new level and to further augment our offerings to clients by joining what is undoubtedly one of the world’s most highly regarded and successful turnaround and restructuring practices,” Kofman said.

KSV was founded in 2015 and provides restructuring and valuation advisory services to corporates, law firms, lenders, and creditor groups. The firm works with clients in a wide range of industries and has extensive cross-border expertise.

“Our firm’s M&A strategy has long focused on top-tier firms which enhance the depth and breadth of our client offering. The acquisition of KSV perfectly embodies this strategy by not only strengthening an existing core capability but also giving us the opportunity to establish a presence in the Canadian marketplace,” said David Garfield, AlixPartners co-chief executive officer. “As client demand grows in the face of unprecedented disruption, we continue to look for similarly high-quality opportunities across all of our core service areas.”

Founded in 1981, AlixPartners has more than 3,000 professionals across 20+ global offices. The firm provides consulting in turnaround and restructuring, performance improvement, risk and disputes, economics, transactions, technology, and leadership.