Chattanooga firm Decosimo adds affiliates

Chattanooga firm Decosimo adds affiliates

February 25th, 2013 by Staff Report in Local - Breaking News

Tom Decosimo

Tom Decosimo

Photo by Contributed Photo /Times Free Press.

Decosimo Corporate Finance LLC, a Chattanooga-based investment banking firm affiliated with the regional accounting and business advisory business Decosimo, is adding affiliates in Michigan, New York and Texas.

DCF Managing Director Tom Decosimo said that certain shareholders and directors of Doeren Mayhew have affiliated with Decosimo for the purposes of representing companies planning to sell, recapitalize or raise debt and equity capital.

In addition, certain partners of The Bonadio Group plan to formalize their affiliation with DCF as of May 1, officials said.

The public accounting firms Decosimo, Doeren Mayhew, and The Bonadio Group are all independent member firms associated with Moore Stephens North America, an association comprising 50 accounting firms in the U.S., Canada, Mexico and the Caribbean.

"When it comes to investment banking services, DCF brings accounting-based sensibilities to representing family-owned and closely-held businesses. The further development and formalization of these services is a natural extension of professional advisory services provided to businesses," said Mike Costello, a co-founder of DCF based in Chattanooga.