Hancock Askew & Co. Announces the Formation of Clarity Capital Advisors

Hancock Askew & Co. Announces the Formation of Clarity Capital Advisors

Savannah, Ga.-based Hancock Askew & Co. (FY18 net revenue of $15.7 million) has launched a wholly-owned subsidiary, Clarity Capital Advisors, which offers small and medium-size businesses advice on mergers and acquisitions, general corporate finance and other issues.

Hancock Askew MP Michael McCarthy says, “At Hancock Askew, we are keenly aware of the shift in the accounting industry to provide more than just traditional compliance services to clients. Through the addition of Clarity Capital Advisors and the experience of the team leading the new firm, we continue to be at the forefront of expanding our service offerings and increasing our footprint in the marketplace.” 

Clarity Capital Advisors assists clients with determining appropriate sources of debt and equity capital. Additionally, it provides financial advisory services for management buyouts, recaps and for a strategic alternative review analysis.

Clarity Capital Advisors is led by Steve Keaveney and John Stanier. Mary Roberts, managing director of Hancock Askew’s transaction and business valuation practice, will also provide leadership support.

Stanier says, “I am excited to help launch Clarity. Steve and I have been successful in building value for shareholders through a number of creative capital markets transactions beginning with our first venture together in 1994.” Clients range from an early-stage business with break-even operations to $5 million plus of EBITDA (earnings before interest, tax, depreciation and amortization). Typical enterprise values ranging from $10 million to $150 million, Keaveney says.

Hancock Askew has offices in Georgia and Florida and a staff of over 150 professionals. The firm is an independent member of the BDO Alliance USA.

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