Clearsight Advises Phoenix in its Acquisition by J.S. Held

Clearsight Advisors, Inc. (“Clearsight”) is proud to announce a successful transaction in its leading Professional Services practice. Clearsight served as the exclusive advisor to Phoenix Management Services® and Phoenix IB® (Phoenix) (“Phoenix” or the “Company”) in its acquisition by J.S. Held, LLC (“J.S. Held”), a portfolio company of Kelso and Co., L.P. (“Kelso”).

Phoenix provides operational and financial services to middle-market clients nationwide. Phoenix Management Services® offers operationally focused turnaround, transaction, and a suite of investor services. Phoenix IB®, a FINRA registered broker dealer, provides sell-side and buy-side M&A advisory services, private debt, and equity placements. J.S. Held is a global consulting firm specializing in risk and advisory, technical, scientific, and financial services. As a result of the transaction, J.S. Held will strengthen its prowess in turnaround management, investor services, and investment banking solutions. Additionally, Phoenix clients will now have access to more than 1,500 technical, scientific, financial, and strategic experts across five continents.

Michael Jacoby, Senior Managing Director and Shareholder at Phoenix Management Services®, commented on the transaction, “We are pleased to have worked with the Clearsight team on this transformational next step for our firm. Clearsight deeply understood the nuances of the professional services industry and relevant buyer universe and provided valuable guidance and insights at every step in our process. With their help, we believe we have found a great fit with J.S. Held and Kelso.”

Joel Kallett, Clearsight Co-Founder and Managing Director noted, “We are thrilled for Michael and the entire Phoenix team. It is evident they have built a firm with a long-standing reputation for best-in-class capabilities they will only continue to build on as they enter their new partnership with J.S. Held.”

The Clearsight deal team included Joel Kallett, Brendan Curran, Emily Shepherd, and Emily Battle.