Latest news with #Pencek
Business Wire
6 days ago
- Business
- Business Wire
SolomonEdwards Acquires Pencek Advisors, Launches Private Equity Services Platform
PHILADELPHIA--(BUSINESS WIRE)-- SolomonEdwards, a national professional services firm focused on solving critical business challenges for companies undergoing growth, change or compliance-driven events, today announced the acquisition of Pencek Advisors, a boutique consultancy specializing in private equity portfolio company transformation. The move formalizes an existing proven partnership and marks the official launch of SolomonEdwards' Private Equity Services, a purpose-built platform to help lower to middle-market private equity (PE) firms and their portfolio companies accelerate performance, scale infrastructure and drive value creation. Leading the new national service is partner Matt Pencek, founder of Pencek Advisors. The platform pairs Pencek's deep expertise in finance transformation and operational execution with SolomonEdwards' national scale, technical depth and expanding suite of strategic advisory capabilities. 'Pencek Advisors has been instrumental in helping private equity firms address the critical execution gaps that often stall value creation,' said John Gulnac, CEO of SolomonEdwards. 'Together, we're positioned to offer a purpose-built platform that delivers both strategic insight and hands-on implementation, empowering our clients to move with speed and precision across the investment lifecycle.' Clients will benefit from an expanded team of experts, deeper execution capabilities and a fully integrated delivery model that is capable of meeting client demand. Investors and stakeholders can expect SolomonEdwards to strengthen its position within the PE ecosystem, with new opportunities for growth, efficiency and cross-service integration. 'Before formalizing our partnership through this acquisition, our teams had long operated in parallel, tackling the same challenges across PortCos: manual processes, weak reporting, fragmented systems, disjointed data and rising investor pressure,' said Pencek. 'This move allows us to deepen our impact, scale our delivery and bring even more precision to the work that fuels value creation.' SolomonEdwards' new Private Equity Services platform is designed to support private equity sponsors in driving transformation across their lower to middle-market portfolio companies. The service platform is available directly to portfolio companies as well and offers a tightly integrated suite of solutions tailored to their unique needs throughout the investment lifecycle. These include: Finance Transformation – Accelerating close processes, enhancing board reporting, managing purchase accounting, advancing business analytics and optimizing working capital M&A Execution – Supporting due diligence, leading Quality of Finance reviews, planning integrations and executing post-close initiatives Technology Enablement – Assessing, selecting, integrating and optimizing systems that scale with growth. Through a technical advocacy approach, SolomonEdwards serves as an unbiased, independent champion to help ensure that technology aligns with business objectives. 'Matt and his team have distilled what private equity firms value most in an advisory firm: a platform of integrated offerings that can support private equity firms from pre-close due diligence and transaction execution to post-close finance and technology transformation initiatives,' added Lee Minkoff, managing director at Renovus Capital Partners, the majority investor in SolomonEdwards. 'This represents a major leap forward for SolomonEdwards and a big win for the lower middle-market PE community that can benefit from these services.' The acquisition follows SolomonEdwards' recent integrations of Dominion Advisory Group and Steele Consulting, further strengthening the firm's capabilities in financial advisory and tax consulting. To learn more about SolomonEdwards please visit About SolomonEdwards For more than 25 years, SolomonEdwards has empowered organizations to tackle common and complex business challenges through strategic advisory, technical advocacy, and hands-on execution. We partner with leaders across industries to strengthen risk and compliance, leverage data and technology, and keep critical work moving. The result: stronger performance, smarter decisions, and progress that lasts. Discover how SolomonEdwards can advance your business objectives at About Pencek Advisors In the fast-paced world of private equity, the ability to create value swiftly and efficiently is paramount. Pencek Advisors is a team of seasoned experts with over a decade of hands-on experience in executing value creation for middle-market private equity firm investments. Pencek Advisors leverages its cross-functional expertise to help portfolio companies establish scalable business infrastructure, fostering accelerated growth and market-leading returns within shorter hold periods. Every strategy, intervention, and initiative is crafted with the singular goal of driving tangible and measurable improvements in the financial health and overall value of portfolio companies. About Renovus Capital Partners Founded in 2010, Renovus Capital Partners is a lower middle-market private equity firm specializing in the Knowledge and Talent industries. From its base in the Philadelphia area, Renovus manages over $2 billion of assets across its several sector focused funds. The firm's current portfolio includes over 30 U.S. based businesses specializing in education and workforce development and services companies in the technology, healthcare, and professional services markets. Renovus typically makes control buyout investments in founder owned businesses, leveraging its industry expertise and operator network to make operational improvements, recruit top talent and pursue add-on acquisitions. Visit us at and follow us on LinkedIn.
Yahoo
08-04-2025
- Health
- Yahoo
Centre County names April Sexual Assault Awareness Month
CENTRE COUNTY, Pa. (WTAJ) – April is Sexual Assault Awareness Month in Centre County, with officials recognizing the need to spread information about the topic. Centre County's commissioners proclaimed April 2025 as Sexual Assault Awareness Month throughout the county. They invited Director of Centre Safe, a domestic and sexual violence outreach center, Jennifer Pencek to explain the importance of the proclamation. 'We very much appreciate the support,' Pencek said. Concerns raised over Nittany Mall casino impact study as project moves forward She said that 81% of women and 43% of men have reported experiencing a form of sexual harassment or assault. It is part of the reason Centre Safe is emphasizing its new campaign 'Together We Act, United We Change.' It highlights the importance of everyone in a community standing against assault. Pencek says Centre Safe is supported by local, state and federal grants, but the support from the community is still a big reason why they can continue to offer services. 'We always give tremendous thanks to Centre County, not just officials, but to people who live all over because they're the people who we try to help, but they're also the people that make a difference too,' Pencek added. April is not just Sexual Assault Awareness Month. The commissioners also proclaimed it Child Abuse Prevention Month as well. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
