Category Archives: News

Vector Advisory Announces Hire of LeAnne Perrine

Fort Lauderdale, FL- Vector Advisory is pleased to announce the appointment of LeAnne Perrine as a Director in the firm’s quickly growing advisory practice.

LeAnne brings over 15 years of experience helping companies with financial and operational improvements as well as providing risk management and compliance services.  LeAnne’s background includes Big 4 experience in addition to successfully performing in leadership roles at global financial services institutions.   Her proven commitment to client collaboration and leadership spans accounting, finance, operations, information systems, and compliance across a variety of industries, including financial services, hospitality, healthcare, retail, and industrial services.

“I am excited to join Vector Advisory and contribute to the growth of this firm that is already developing a strong track record of helping small- and mid-size companies and their sponsors succeed through M&A advisory and other transformational projects” said LeAnne.

LeAnne holds a Master of Business Administration degree in Accounting and Internal Audit as well as a Bachelor of Science in International Trade and Finance from Louisiana State University.  LeAnne also holds multiple certifications, including Certified Internal Auditor, Certified Anti-Money Laundering Specialist, and Certified Regulatory Compliance Manager designations.

Shelby Faubion, Managing Partner and Founder of Vector Advisory said of LeAnne “Having previously worked with LeAnne at KPMG, I can speak to the quality of delivery and exceptional client service experience she will bring to our clients and I can’t be more pleased to be working with her again at Vector!”

Meridian Realty Management Selects Vector for Accounting Advisory

 

Vector Advisory is excited to announce that the firm was engaged by David Burgess, Founder and President of Meridian Realty Management to provide accounting advisory services for a specialized project requiring a high level of skill and expertise.  Meridian Realty Management is an outstanding source of full scope property management services for medical, retail, commercial, industrial, residential and association properties in greater Fort Lauderdale.  Mr. Burgess stated that he selected Vector Advisory because this project’s outcome, and the reliability of the work and quality of deliverables, was critical to a successful resolution and he required a financial advisor he could count on.  “I was very impressed with the approach, response, attention to detail and quality of the expertise we received from Vector Advisory and would highly recommend them to other business owners

FORT LAUDERDALE, FL (March 16, 2021)

Growth and middle market focused consulting firm, Vector Advisory Services, has created a tool to assist business owners and sponsors in evaluating the important aspects of integrating businesses through mergers and acquisitions (M&A), helping support success.

Shelby Faubion, Founder and Managing Partner of Vector says, “Integrating businesses successfully can be very challenging. That is why I co-developed this 25-point assessment tool with Rohit Bassi, an experienced investor and operator both in early and growth stage companies, to help buyers strategically identify areas of focus and value for the business combination and contribute to their success.”

Vector is providing the M&A Integration Planning Assessment tool complimentary on its website (www.vector-advisory.com). The tool considers five key points of the primary pillars of any integration:

– Finance & Administrative
– Technology
– Human Capital, Leadership, & Culture
– Operations
– Sales & Marketing

Feedback on the tool has been very positive from the Private Equity sponsors and CEOs that have had the opportunity to leverage it for M&A transactions. Micah Dawson, Vice President Portfolio Support at Trivest Equity Partners, based in Coral Gables, Florida, says, “The tool is a simple, straight-forward, and effective way to draw attention to the post-close integration process early on – allowing our portfolio company leaders to anticipate and address needs to make the integration a success. This tool helps to bring resource gaps to light.” The CEO of Nationwide Property & Appraisal Services, Sri Velamati, says, “I used the tool in evaluating four acquisitions completed by my predecessor. The tool provided a framework to go back and revisit the target savings and benefits in core areas and identify how to capitalize on synergies to unlock the anticipated value of the transactions.”

For those in the growth and middle-markets, the ability to access premier integration resources is often limited. Seeing this need, Faubion established Vector Advisory in late 2020 to provide best-in-class M&A advisory and services that optimize the office of the CFO through an equitable pricing lens. “I wanted to contribute something to the marketplace to hopefully reduce the risk of failure. It matters to me to see business owners succeed, which is why I’m offering to sit with prospective buyers to understand their situation, to complete this assessment alongside them, and share ideas and best practices on integration planning and execution,” says Faubion.

According to many studies, the failure rate for combinations is well over 50%. A well-referenced Harvard Business Review article cited between 70 – 90% of acquisitions fail due to the inability to plan or execute the integration successfully. Providing further insight, a recent publication from Deloitte, M&A Trends, cited “effective integration” as the most important factor in achieving a successful M&A transaction. According to Faubion, the tool he created will take twenty minutes to complete but will save significant time and money by addressing the potential areas of misalignment or by planning for shoring resources in critical integration areas. Faubion says, “Expending this time up-front and, ideally, before closing, will significantly aid in a successful transition and help guard against those reported failure rates.”

The economic environment in which we find ourselves today is volatile and uncertain.  However, there is good news, as 2021 is shaping up to be optimistic for M&A activity. According to the 2021 BDO Middle Market CFO Outlook Survey, many CFOs are feeling optimistic about growth and the opportunity for M&A activity in 2021. According to the survey results, CFOs plan to proceed with deals in the following categories—29% PE investment, 24% M&A, and 20% pursuing an IPO. The Private Equity Predictions 2021 from BDO suggests that we will see continued momentum in M&A activity (which grew in 4Q20) and sectors that benefited during the pandemic are particularly desirable but will come at higher multiples. The Global Private Equity Report 2021 from Bain & Company reported deal multiples in the US are averaging over 11 times EBITDA. These high multiples provide little room for missteps through the combination process and planning up-front is critical for companies to deliver on expected returns.

 

About Vector Advisory

Vector Advisory is a preferred partner for lower- and middle-market private equity and family office sponsors, their portfolio companies and small- to mid-size businesses. Their mission is to cost-effectively equip small- to mid-size businesses to successfully navigate through their most complicated and transformative issues, delivering the best client service experience.

Headquartered in Fort Lauderdale, Vector Advisory focuses on supporting South-Florida-based private equity and family office firms with successfully executing buy-and-build strategies. The firm provides buy-side and sell-side due diligence as well as other post-closing services that accelerate enduring value, including M&A integration, interim/factional CFO, finance, and accounting process improvements. Vector Advisory boasts a deep bench of experience as the firm is led by alumni of some of the world’s top consulting firms, including the likes of KPMG and PwC.

Vector Advisory Launches Providing “Big 4” Experience Priced for the Small- to Mid-Sized Business

A new boutique consulting firm launching today will provide action-oriented business advisory services to business owners and private equity or family office sponsors and their portfolio companies.

FORT LAUDERDALE, Fl (December 8, 2020) – Vector Advisory, a newly formed advisory services firm today announces its official launch to provide solutions that help drive successful outcomes for mergers and acquisitions (“M&A”) as well as services that optimize the office of the CFO. These services will be delivered by seasoned professionals with broad financial and operational experience in a manner that is highly collaborative, and relationship focused.

The goal of the firm is aimed at addressing the small- to mid-size company needs for top tier management consulting. Smaller businesses are often limited by resources and cannot access “Big 4” or other global consultancy talent that can help take their companies to the next level in terms of growth and profitability.

Vector Advisory was founded by Shelby Faubion, a career experienced business leader who has successfully led in industry positions for companies ranging from Fortune 1000 to start-ups. Faubion has also held leadership positions at “Big 4” firms including KPMG and PwC. For over 23 years, Faubion has delivered solutions in finance and accounting, M&A integration, interim financial management, internal audit as well as performance improvement services.

“Too often I have seen the smaller- to mid-sized businesses suffer through consulting engagements where they pay top-dollar and all they receive is an over-crowded PowerPoint presentation they need to interpret and implement themselves,” said Faubion. “As a boutique firm, we provide the most senior personnel and the highest levels of attentiveness at a price to stay engaged from project initiation through implementation and benefits realization.”

Key among Vector Advisory’s capabilities is its unique approach to its client relationships. They view themselves as an extension of the management team fitting into the culture. The approach is collaborative yet forward-looking, allowing for the ability to achieve bottom line and future growth aspirations.

Ron McCrummen, CFO at LDX Solutions stated “Having contracted with Shelby at one of my prior companies, I was impressed by his ability to quickly organize work and develop creative solutions collaboratively with my team and the broader organization. He is a true business partner throughout and I look forward to engaging him again at Vector Advisory.”

“Tangible results are a core value proposition of the firm. We only pursue projects where we can produce quantifiable outcomes. Our goal is transformative, helping you better understand your company and markets. When our engagement ends, you have the tools and wherewithal to excel on your own and the confidence to know that we are here for you when needed,” Faubion concluded.

With the announcement of the firm, Vector Advisory also has launched its online presence at www.vector-advisory.com.

About Vector Advisory

Founded in 2020, Vector Advisory is a boutique management consulting firm focusing on lower- and middle-market private equity and family office sponsors and their portfolio companies. The Company’s mission is to provide broad and affordable financial and operational advisory experience to small and middle market organizations aspiring to take their companies to the next level.

Headquartered in Fort Lauderdale, Florida, Vector Advisory focuses on supporting South Florida-based private equity and family office firms with successfully executing buy-and-build strategies. Vector Advisory provides buy-side and sell-side due diligence as well as post-closing services that optimize business value, including M&A integration, portfolio company onboarding, interim/fractional CFO, finance, and accounting process improvement and more. The Company boasts a deep bench of experience as the firm is led by alumni of some of the world’s top consulting firms, including the likes of KPMG and PwC.

For more information, visit www.vector-advisory.com or contact Shelby Faubion at sfaubion@vector-advisory.com or (954) 361-5126.

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