Financial Services
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Wayne Accounting Firm Sells Majority Stake in Private Equity Deal
Wayne-based accounting and consulting firm Stephano Slack has sold a majority ownership stake to Chicago private equity firm Madison Dearborn Partners, writes Jeff Blumenthal for the Philadelphia Business Journal. CEO Mike Stephano originally said the firm had no interest in outside equity, but months of discussions with Madison Dearborn helped change his mind. The firm’s pitch was simple: keep Stephano Slack’s name,…
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