Parsippany, N.J.-based IPA Top 100 firm Sax LLP (FY24 net revenue of $110.9 million) has acquired CoMetrics Partners, a management consulting and technology firm focused on consumer product companies, lenders and investors.
The acquisition expands the firm’s capabilities in turnaround management, profit optimization, M&A due diligence, lender services and performance analytics. CoMetrics brings more than 18 years of experience along with proprietary technology designed to deliver real-time, data-driven insights.
“Mid-market consumer product companies don’t need another advisor telling them what happened last quarter. They need someone who can show them what’s happening right now and help them act on it,” said Joseph A. Damiano, CEO of SAX Advisory Group. “CoMetrics has built exactly that capability. Hands-on operators with proprietary technology that gives clients real-time visibility into their business. Bringing that into the SAX platform means our clients get one team that sees the whole picture: operations, capital structure, and performance data, all under one roof.”
“This partnership is a significant advancement for our consumer products clients,” said Joshua Chananie, head of SAX consumer products. “Integrating DataMetrics with our advisory capabilities gives clients real-time visibility into their key performance indicators – that drives financial performance and sustainable growth.”
CoMetrics’ team and three partners, including Gary Herwitz, managing partner, have joined the firm, with the platform and methodology remaining intact. The combination enhances SAX’s consumer products and capital markets capabilities while providing CoMetrics access to a broader national platform.
“SAX is an entrepreneurial professional services firm that shares our values and commitment in helping our clients achieve excellence,” said Herwitz. “SAX gives us the platform to expand upon what we already do well, with significantly more resources behind us.”
Allan D. Koltin, CEO of Koltin Consulting Group, who advised both firms on the combination, commented, “Among the Top 60 CPA firms nationally, SAX continues to be recognized as one of the highest-performing firms in the country. The firm is now expanding its M&A and lateral talent strategies and attracting exceptional talent eager to join. Gary Herwitz and his CoMetrics team are one of the preeminent advisory firms in the consumer products industry and, with the SAX platform behind them, should accomplish great things together.”
