Citing the need for increased scale, Birmingham-based Amherst Consulting LLC has been sold to middle-market investment bank Capstone Headwaters out of Boston.
Amherst Consulting is the restructuring advisory division of Amherst Partners, a Birmingham-based financial and M&A advisory firm.
As part of the transaction that closed last Friday terms of which were not disclosed eight Amherst employees join Capstone and will be led by Sheldon Stone and Scott Eisenberg, both of whom will hold the title of managing director and are veteran Amherst executives.
The group will continue operating out of shared office space with Amherst in Birmingham.
The deal grants Amherst and its clients access to a bevy of new resources, Eisenberg told Crain’s…
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