Schneider Downs Announces Merger

Pittsburgh-based Schneider Downs (FY13 net revenue of $57.6 million) announced that it has entered an agreement to merge with Pittsburgh-based The Meridian Group, an investment banking and management consulting company. The Meridian Group specializes in providing, corporate workout/turnaround management services, financing, management consulting and merger and acquisition consulting.

The arrangement will create a new entity, Schneider Downs Meridian, and will meld services from the two organizations. The merger increases Schneider Downs’ expertise in the areas of corporate finance, mergers and acquisitions and due diligence, and will immediately expand the firm’s business advisory services with corporate workout/turnaround management experience and debt refinancing.

“Under the direction of Margaret Good and her team, The Meridian Group has earned a national reputation as a premier provider of workout and turnaround management assignments,” says Joel Rosenthal, practice unit leader of business advisory services at Schneider Downs. “We are thrilled that they will be collectively joining our firm and expanding the services we can offer to our clients. This is a great fit in terms of services, experience and team chemistry. We look forward to joining our teams together.”

Founded in 1998, The Meridian Group provides services nationally, with a particular concentration in Pennsylvania, Ohio, Upstate New York and the Mid-Atlantic Region. These service areas will only be strengthened by Schneider Downs Columbus office.