Clearsight Advises Strategic Resource Management on its Acquisition of Kenneth J. Sole & Associates

Clearsight Advisors, Inc. (“Clearsight”) is pleased to share another successful transaction in its market-leading Professional Services practice. Clearsight served as the exclusive financial advisor to Strategic Resource Management, Inc. (“SRM”) on its acquisition of Kenneth J. Sole & Associates, Inc. (“KJS” or the “Company”).

SRM is a Memphis, TN-based independent advisory firm serving financial institutions across North America and Europe. KJS is a New York-based banking technology consulting firm specializing in core processing platform conversion, migration support, and outsourced leadership. KJS serves community, regional, and national banks, as well as credit unions. With the acquisition of KJS, SRM expands its service offerings to include core systems optimization and conversion support, while continuing its legacy of delivery excellence and regulatory compliance.

Brad Downs, CEO of SRM, remarked on the transaction, “Due to our long-standing relationship with Clearsight, we approached this process collaboratively with a full understanding of SRM’s strengths and expansion opportunities. Clearsight’s guidance throughout this process was invaluable due to their unparalleled experience in our space. We welcome KJS to SRM and are excited to enhance our technology capabilities through this partnership.”

Clearsight Managing Director John Rakowski noted, “Digital transformation in the banking sector is a competitive imperative, however it is still in the early stages. The addition of KJS bolsters SRM’s strategy to help financial institutions big and small to innovate, modernize their technology function, and compete more effectively in the market.”

The Clearsight deal team included John Rakowski, Nas Chobanov, Ben Elasy, and Richard Johnston.