LOS ANGELES & NEW YORK--(BUSINESS WIRE)--SierraConstellation Partners, LLC (SCP), a national interim management and advisory firm to middle-market companies in transition, announced today the opening of an office in New York, N.Y. led by industry veteran David Bitterman as Managing Director, enhancing the firms’ national presence in the turnaround space.
Bitterman joins SCP from Huron Consulting Group, where he worked for over a decade, most recently in the role of Head of Business Development. Prior to that, David spent nearly 20 years in investment banking at Deutsche Bank, Bear Stearns and Bank of America. He holds an M.B.A. from the NYU Stern School of Business and a B.A. in International Relations and Affairs from Tufts University.
With the addition of the New York office, a major strategic priority, SCP adds its sixth physical location, which already includes offices is Los Angeles, Boston, Dallas, Houston and Seattle, consistent with its expansion plans in key financial markets across the country. SCP’s headquarters will remain in Los Angeles.
“This is a major milestone for our firm as we expand our presence as a national firm,” said SCP Founder and CEO Larry Perkins. “We’ve anticipated the establishment of a New York office for some time. While New York is an important market in and of itself, the decision-making and senior leadership centralized in New York really influence the entire country. It is the center of the deal universe. David is a tried and tested finance veteran, and his deep relationships in our community make him the perfect person to spearhead this for our firm. I’d like to welcome David and the whole team to SCP, and I can’t wait to see all the great things they’ll do.”
“David makes a great addition to our team at SCP, and we think the time is ripe for us to aggressively expand our headcount in the Northeast Region,” said Tom Lynch, Senior Managing Director at SCP and head of the Boston office. “David and I each have deep connections in the financial spheres where our firm’s advisors are most valuable, including the private equity, banking, lending, and legal fields, as well as with board members and shareholders. We’re confident SCP’s value proposition of focused, senior-heavy deal teams will resonate strongly with this audience.”
“SCP’s reputation in the market is second to none and I could not be more excited to be a part of establishing a home base in the New York market and building on the excellent foundation thus far,” said Bitterman. “I look forward to leveraging the experience and network I’ve built throughout my career and believe strongly that the services we offer will be of particular interest in the region.”
SCP’s New York office opening comes amid a sustained run of growth for the firm across the country. Since the start of 2019, the firm has grown its headcount by around 50 percent, including the hiring of Basil Karampelas to head the firm’s Houston office, private equity veteran Carl Moore as a Managing Director in Dallas, and Rebecca Waits as Chief People officer.
About SierraConstellation Partners, LLC
SierraConstellation Partners (SCP) is a national interim management and advisory firm headquartered in Los Angeles with offices in Houston, Boston and New York and professionals in Dallas and Seattle. SCP serves middle-market companies and their partners and investors that are navigating their way through difficult business challenges. Our team’s real-world experience, operational mindset and hands-on approach enable us to deliver effective operational improvements and financial solutions to help companies restore value, regain creditor confidence, and capitalize on opportunities.
As former CEOs, COOs, CFOs, private equity investors and investment bankers, our team of senior professionals has decades of experience operating and advising companies. For more information, please visit www.sierraconstellation.com.