What Leo Berwick does

Leo Berwick is a privately held M&A advisory firm founded in 2016 (per company-history sources; firmographics data conflicts with a 2020 date) and headquartered in Coronado, California. The firm provides tax advisory, financial due diligence, financial modeling, integration and separation advisory, buy-side and sell-side advisory, tax insurance advisory, FIRPTA advisory, public-private partnership (P3) services, post-closing services, property tax, and valuation/cost segregation services. It positions itself as a pure-play M&A advisory for investors, targeting infrastructure funds, private equity houses, portfolio companies, pension funds, and corporate investors across sectors including infrastructure, renewables, energy, consumer goods, business services, diversified industrials, financial services, healthcare, manufacturing, media, real estate, technology, and telecommunications.

The firm's underlying technology stack is conventional for a professional-services boutique — Microsoft 365, Alteryx, and advanced Excel for financial analysis and due diligence engagements. The differentiators are domain specialization in infrastructure and energy transactions, with named engagements supporting clients such as Palisade Investment Partners, Slate Asset Management, Ares Management, BCI, Manulife, Energy Capital Partners, and Soluna. Cross-border execution is enabled through Leo Berwick's membership in Taxand, the world's largest independent tax network spanning 48 countries.

The business model is a professional services model with consulting fees negotiated on a per-engagement basis. There is no publicly disclosed pricing and no recurring revenue contracts. Go-to-market is sales-led and entirely relationship-driven, with no digital distribution or resellers. Leo Berwick operates from eight offices — five in the US (Coronado, Chicago, New York, Richmond, San Francisco), two in Canada (Toronto, Vancouver), and one in India (Gurugram, serving as a Global Capabilities Center). The firm closed a $75 million growth investment led by Stone Point Capital in July 2025, its first disclosed institutional capital event.

Name

Leo Berwick

Legal name

Leo Berwick

Website

https://leoberwick.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

101–250 employees

Short description

Leo Berwick is a privately held, pure-play M&A advisory firm providing tax, financial due diligence, and transaction advisory services to infrastructure funds, private equity houses, pension funds, and corporate investors across North America, with cross-border reach via Taxand.

Ownership category

akta.pro rank

Product category

M&A Advisory Services

NAICS

Management, Scientific, and Technical Consulting Services (5416)

SIC

Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Buy-Side M&A Advisory (FSAEAGAB)

akta.pro secondary industry

Valuation & Purchase Price Allocation (Deal Valuation) (BPAHAOAK)

Keywords

• M&A advisory services
• Financial due diligence
• Transaction tax advisory
• Infrastructure investment advisory
• Renewables energy advisory

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. M&A Advisory Services: Professional consulting fees for mergers and acquisitions advisory including financial due diligence, tax advisory, integration and separation advisory, buy-side and sell-side advisory, and transaction modeling services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Leo Berwick is a pure-play M&A advisory firm providing tax and financial advisory services to investors across the deal lifecycle. The firm delivers financial due diligence, buy-side and sell-side advisory, integration and separation planning, financial modeling, tax structuring, tax insurance, FIRPTA, P3, post-closing, property tax, and valuation and cost segregation services, with specialized focus on infrastructure, energy, renewables, and private equity transactions.

Product overview

Leo Berwick is a pure-play M&A advisory firm offering professional consulting services. The firm operates as a unified service offering rather than a platform-plus-modules architecture. Core services include Buy-Side Advisory, Sell-Side Advisory, Integration & Separation Advisory, Financial Modeling, Tax Insurance Services, FIRPTA Advisory, Public-Private Partnership (P3) Services, Post-Closing Services, Property Tax Services, Valuation and Cost Segregation Services, and Financial Due Diligence. The firm specializes across multiple industry sectors including Infrastructure, Energy, Renewables, and Private Equity, with additional expertise in consumer goods, business services, diversified industrials, financial services, healthcare, manufacturing, media, real estate, technology, and telecommunications. Services are delivered through US, Canadian, and India offices with global alliance support via Taxand.

Differentiator

Problem solved

Functional benefit

Products and services

• Buy-Side Advisory
• Sell-Side Advisory
• Integration & Separation Advisory
• Financial Due Diligence
• Financial Modeling
• Tax Insurance Services
• Public-Private Partnership (P3) Services
• FIRPTA Advisory
• Post-Closing Services
• Property Tax Services
• Valuation and Cost Segregation Services

Named customers9 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• TaxandcoreStrategic or Co-development PartnerLeo Berwick is a member of Taxand, the world's largest independent tax network with tax advisors in 48 countries. This membership enables the firm to assist with international transactions and cross-border tax advisory including withholding taxes, FIRPTA, CFC and PFIC rules. Taxand membership provides global reach for deals occurring outside North America.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• FTI Consulting: Public-listed advisory firm with a Corporate Finance & Restructuring segment that provides FDD, M&A advisory, and tax advisory to PE and large corporates. Direct peer in transaction services for middle-market to large-cap deals.
• Stout: Specialized advisory firm offering valuation, transaction advisory, and tax services to PE and corporate clients. Comparable boutique model with focus on middle-market M&A support.
• Duff & Phelps (Kroll): Global valuation, transaction advisory, and tax services firm serving PE, infrastructure, and corporate clients. Direct competitor in valuation, cost segregation, and tax due diligence services that Leo Berwick offers.
• Alvarez & Marsal: Global professional services firm specializing in turnaround, FDD, and transaction advisory for PE, infrastructure, and energy clients. Highly comparable boutique-style, conflict-free M&A advisory model with similar sector coverage.
• Lincoln International: Global mid-market M&A advisory firm with strong energy, infrastructure, and renewables verticals. Closely comparable on deal-size range, sector focus, and sponsor-client base.

Broad incumbents

• Deloitte (M&A Advisory): Big Four firm offering integrated M&A advisory, tax due diligence, FDD, and integration services to PE and infrastructure investors. Competes head-to-head on the largest mandates Leo Berwick targets.
• KPMG (Deal Advisory): Big Four deal advisory practice with substantial FDD, tax, and M&A services for PE, infrastructure, and energy clients. Competes on integrated tax-and-transaction mandates that overlap Leo Berwick's wedge.
• PwC (Deals): Big Four deals practice covering M&A, tax structuring, and FDD for PE, infrastructure, and corporate clients. Largest scale competitor with overlapping infrastructure and energy transaction work.
• EY-Parthenon: EY's strategy and transactions arm, providing FDD, tax, and M&A advisory with strong infrastructure and energy practices. Broad incumbent competitor with similar infrastructure deal exposure.

Emerging players

• Beringea (and similar sector-specialist advisors): Sector-specialist M&A advisor and capital provider focused on growth and energy transition. Comparable on infrastructure/renewables deal flow and PE-backed mandate profile, though with a different service mix.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/leoberwick
• Xx.com/LeoBerwick
• Facebookfacebook.com/leoberwicklp

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Leo Berwick