Cohen & Co has finalized its strategic growth investment from Lovell Minnick Partners (LMP), effective December 31, 2024. As a result of LMP’s investment, Cohen & Co is positioned to accelerate its multi-year strategic plan focused on growth, people, technology, quality initiatives and the expansion of service offerings.
With the closing of this deal, the firm has also substantially increased the number of employee equity holders and will now operate in an alternative practice structure, in accordance with applicable professional standards. Cohen & Co is the brand name under which independently owned and governed Cohen & Company, Ltd., and Cohen & Co Advisory, LLC seamlessly provide professional services to clients. Cohen & Company, Ltd., is a licensed CPA firm and provides attest services. Cohen & Co Advisory, LLC is not a licensed CPA firm and provides business tax, advisory and other non-attest services. The firm’s website has also changed to cohenco.com.
The investment is an extension of the firm’s growth initiatives, including recent acquisitions of BBD’s Investment Management Group out of Philadelphia, Szymkowiak & Associates CPAs in Buffalo, Tax & Wealth Management in Cleveland, and the opening of a Denver, Colorado, office in November of this past year.
Lovell Minnick Partners is a private equity firm with a 25-year track record of partnering with growth-oriented companies. LMP leverages deep sector experience and a broad network of strategic advisors to help founders scale their companies at an accelerated pace. The firm collaborates with management teams seeking to achieve long-term success and value creation through organic growth and strategic acquisitions. Since inception in 1999, LMP has raised over $5 billion of committed capital, invested in more than 50 unique platform companies and completed over 200 add-on acquisitions. LMP targets growth-oriented, middle-market companies with a particular focus on companies in the financial services, business services and financial technology sectors.