For Walter “Bud” Aspatore and Scott Eisenberg, failure was not an option, but early on, it sure seemed like a possibility.
When they quit their jobs to form Amherst Partners LLC in 1995, they knew it wasn’t going to be easy. They had no customers, no opportunities, and knew it would take several years to build their business. The company was founded to provide investment banking and financial consulting to middle-market companies. Early on, they also focused on the mergers and acquisition (M&A) business, working to build connections and find opportunities in the marketplace. But after 2001, when M&A activity declined, the pair reacted quickly to take advantage of the downturn in the market, turning their focus to turnaround consulting. Today, the company advises on M&A, provides turnaround assistance to underperforming or distressed companies, assists with strategic and profitability improvement planning and provides other related services.
Aspatore and Eisenberg are also looking ahead to determine how they can continue succeeding and growing the company into the future.Inthepastfewyears,theyaddedoffices in Chicago and Columbus and have grown to 26 employees. They are also reaching out to new markets, such as the food industry in Chicago, and are hiring younger professionals to bring a fresh perspective to Amherst.
The pair also plan to continue growing the business by entering new markets and developing a larger footprint in existing markets.
HOW TO REACH: Amherst Partners LLC, (248) 642-5660 or www.amherstpartners.com