Jan 16, 2014

Prager Metis Joins With P.J. Louis to Create New Business Optimization Unit

Jan 16, 2014  |  Press Releases
To Provide Turnaround Management and Operational Restructuring Services for Underperforming and Distressed Companies

Prager Metis CPAs, LLC, an independent, full-service public accounting and consulting firm with offices in the U.S. and London, has joined forces with New York-based consulting firm P.J. Louis LLC to create a new Business Optimization unit.

Comprised of staff from both Prager Metis and P. J. Louis, the Business Optimization Unit will guide clients through a step-by-step process to restore the company’s performance and profitability by focusing on the following critical areas:

  • Liquidity and cash management.
  • Covenant relief/management such as debt restructuring, debt and equity financing, and business plan recapitalization.
  • Operational reviews including supply chain management improvements, process streamlining, cost reduction planning, and organizational management.
  • Business planning including business model review, alternative action review, and turnaround management.

“By joining forces, Prager Metis and P.J. Louis will be able to bring their combined experiences and resources to provide effective turnaround management and restructuring services to our clients,” says Chris Vignone, a Principal in the Advisory Services and Tax Departments at Prager Metis. “Combined, we have a highly experienced team in the areas of technology, manufacturing and media, among other industries. I look forward to our working together to help our clients maximize their operations and become profitable again.”

For more information, contact Diane Walsh at 212.643.0099 X125 or dwalsh@pragermetis.com.

About Prager Metis CPAs, LLC

Headquartered in New York City, and with offices in California, New York, New Jersey and London, Prager Metis CPAs, LLC, an affiliate of Prager Metis International, LLC, is one of the nation’s fastest growing accounting and advisory firms, offering a full range of accounting, audit, tax, consulting, and international services. The company was formed in January 2013 by the combination of Prager and Fenton LLP and Metis Group LLC, two long-standing and highly-respected accounting firms. Prager Metis was recently ranked as the number one “Firm to Watch” and a “Top Accounting Firm in the Mid-Atlantic Region” by Accounting Today, and was named one of the Top 100 Accounting Firms by INSIDE Public Accounting.

About P.J. Louis LLC

Founded in 2004, P.J. Louis LLC is a New York-based consultancy that provides turnaround management and operational restructuring services for underperforming and distressed companies, with a focus on the technology sector. The firm also provides consulting and expert witness services in litigation matters involving telecommunications, technology and media, as well as due diligence for investors in alternative energy, advanced materials and infrastructure businesses. Founder P.J. Louis is a member of the board of advisors for Kindle Innovations, an incubator for Internet and media startup companies. He is also a member of the board of advisors for AirPatrol Corporation, which delivers intelligent enterprise mobility solutions that continuously monitor mobile devices and dynamically adapt their capabilities for the situation.