Accordion (company)
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| Accordion | |
| Company type | Private company |
| Industry | Consulting firm |
| Founded | 2009 |
| Founder | Nick Leopard |
| Headquarters | New York City, New York, United States |
Number of locations | New York City, Los Angeles, San Francisco, Chicago, Dallas, Boston, Hyderabad, Atlanta, Charlotte, London |
Area served | Global |
Key people | Nick Leopard (CEO & Founder) Atul Aggarwal (President) Jon Apter (CFO) |
| Services | Corporate Finance Financial Advisory Forensic Accounting Turnaround Restructuring Management consulting Data & Analytics |
Number of employees | 900+ |
| Website | Accordion.com |
Accordion Partners LLC operates as a privately held consultancy concentrating on private equity, with its main office located in New York City. Known simply as Accordion, the firm delivers expertise in areas such as corporate and strategic finance, mergers and acquisitions, preparation for public company status, turnaround and restructuring services, along with technology-driven solutions.
History
Established in 2009 by Nick Leopard, a former investment banker at Bear Stearns, Accordion primarily serves CFOs and finance teams within private-equity portfolio companies. The company broadened its presence in 2017 by inaugurating an office in San Francisco to better address the California market.
In 2018, minority ownership was acquired by private equity firm FFL Partners, facilitating further growth efforts. The following year, Atul Aggarwal—previously a Partner at Bain & Company—was appointed president to lead the firm's operational transformation and expedite its expansion.
The year 2020 saw the introduction of Maestro, a software platform designed to enhance value creation for companies backed by private equity. Maestro was subsequently spun off as an independent entity and secured $7.2 million in Series A funding spearheaded by S&P Global Market Intelligence.
Accordion has augmented its service offerings through several key acquisitions: Mackinac Partners, specializing in turnaround and restructuring (2021); Platform Specialists, an Enterprise Performance Management consultancy (2022); ABACI, focused on ERP and EPM solutions (2022); Merilytics, an analytics firm based in Hyderabad (2023); OperationsRx, an operations and supply chain consultancy (2024); and ToneyKorf Partners, which concentrates on healthcare turnaround advisory (2024).
In mid-2022, FFL Partners divested its stake to Charlesbank Capital Partners and Motive Partners, marking a notable change in ownership. Concurrently, Accordion expanded its Dallas office to accommodate nearly twice the staff.
Highlighting the firm's expertise in intricate financial restructurings, Managing Director Rishi Jain contributed advisory services during the FTX Chapter 11 bankruptcy proceedings in late 2022.
Office locations
Accordion maintains its headquarters at One Vanderbilt in New York City and operates additional offices across multiple locations including Atlanta, Boston, Charlotte, Chicago, Dallas, Detroit, Los Angeles, San Francisco, South Florida, and Hyderabad, India.