What Corporate Advisory Solutions does

Corporate Advisory Solutions, LLC (CAS) is an independent investment and merchant banking firm founded in 2013 and headquartered at 2001 Market St., Suite 2500, Philadelphia, Pennsylvania. The firm is purpose-built around a single vertical — the global tech-enabled Outsourced Business Services (OBS) sector — with sub-vertical depth in Accounts Receivable Management (ARM), Revenue Cycle Management (RCM), and Customer Relationship Management (CRM). Across a 7-person deal team led by co-founders Michael Lamm and Mark Russell, CAS has completed 140+ M&A transactions representing more than $2.5B in cumulative deal value, with throughput of approximately 10 transactions per year in 2023 and a continuing stream of named mandates through 2024-2025.

CAS operates five core service lines: M&A Exit Preparation, Business Valuation, Strategic Advisory, Transaction Advisory, and selective Growth Capital Investments made by the firm's principals. The technical backbone of the practice is a proprietary OBS-sector knowledge base — built through 10+ years of CAS Insights quarterly publications, a Knowledge Center library, the OBS ecosystem infographic, and a podcast series — combined with RMA Certified Compliance Auditor credentials and active membership across ACA International, ACG, HFMA, ICL, RMA, the American Fair Credit Council, and the Innovation Council. Securities transactions are executed through Finalis Securities LLC (FINRA/SIPC), which also provides CAS's Office of Supervisory Jurisdiction at 450 Lexington Avenue, New York, NY, with a secondary office in Washington D.C.

The revenue model is project-based: CAS typically serves as exclusive sell-side M&A advisor on domestic and international OBS transactions, charging a combination of retainer, success fee (percentage of deal value), and expense reimbursement, with valuation and strategic-advisory work billed separately on engagement scope. Customer acquisition is sales-led and principal-driven — Managing Partners and Vice Presidents engage directly with OBS business owners and executives via industry conferences, association networks, and referrals, with no formal sales team. The firm is privately held, founder-managed, and operates without disclosed external equity backing; revenue is not publicly disclosed.

Name

Corporate Advisory Solutions

Legal name

Corporate Advisory Solutions, LLC

Website

https://corpadvisorysolutions.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

Corporate Advisory Solutions is an independent investment and merchant banking firm that provides sell-side M&A advisory, valuation, and strategic advisory services exclusively to middle-market tech-enabled Outsourced Business Services (OBS) companies across ARM, RCM, and CRM verticals.

Ownership category

akta.pro rank

Headquarters

HQ city

Philadelphia

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. M&A Advisory Fees: Transaction-based advisory fees earned as exclusive sell-side M&A advisor on domestic and international M&A transactions. Fees typically include a combination of retainers, transaction success fees, and expense reimbursement.
2. Valuation Services: Business valuation engagements providing well-substantiated, accurate opinions of value utilizing market knowledge, experience, and proprietary information.
3. Strategic Advisory: Ongoing advisory engagements for growth strategies, exit preparation, and business issues including regulatory compliance and management recruitment.
4. Growth Capital Investments: Selective growth capital investments made by CAS principals as strategic long-term partners, providing equity capital to OBS companies.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

Corporate Advisory Solutions is an independent investment and merchant banking firm that provides M&A advisory, business valuation, strategic advisory, and transaction advisory services exclusively to tech-enabled Outsourced Business Services (OBS) companies, with primary focus on Accounts Receivable Management (ARM), Revenue Cycle Management (RCM), and Customer Relationship Management (CRM) verticals. The firm acts as exclusive sell-side M&A advisor and selectively provides growth capital through its principals. Securities are executed through affiliated FINRA-member Finalis Securities LLC.

Product overview

Corporate Advisory Solutions (CAS) is an independent investment and merchant banking firm offering a suite of advisory services for the Global Tech-Enabled Outsourced Business Services (OBS) sector. The company operates five core service offerings: M&A Exit Prep Services (exit preparation and readiness assessment), Business Valuation Services (market-based valuation opinions), Strategic Advisory (growth guidance and business issue resolution), Transaction Advisory (due diligence and deal execution support), and Investment Opportunities (selective growth capital investments). CAS complements its advisory services with educational resources including CAS Insights (quarterly industry newsletter since 2013), a Knowledge Center with articles and webinars, and Podcasts featuring industry expertise on M&A, ARM, and business strategy topics.

Differentiator

Problem solved

Functional benefit

Products and services

• M&A Exit Prep Services Prepares business owners for successful M&A exit strategies, ensuring companies are positioned optimally when pursuing mergers, acquisitions, or sales. Intended for owners and executives of tech-enabled Outsourced Business Services (OBS) companies evaluating a sale or transaction.
• Business Valuation Services Provides well-substantiated, accurate opinions of value using market knowledge, experience, and proprietary information specific to the tech-enabled OBS sector. Intended for OBS business owners, boards, and stakeholders requiring formal valuations.
• Strategic Advisory Offers expert guidance for growth strategies, exit strategies, and business issue resolution, including CFPB audits and management recruitment. Intended for tech-enabled OBS business owners and executives seeking ongoing strategic counsel.
• Transaction Advisory Provides due diligence support, financial expertise, and industry experience to corporate and financial buyers and sellers during M&A transactions. Intended for parties executing transactions in the tech-enabled OBS sector.
• Investment Opportunities Selective growth capital investments made by CAS principals as strategic long-term equity partners to tech-enabled OBS companies. Intended for OBS business owners seeking aligned equity capital alongside advisory relationships.

Quantifiable outcome

• 140+ completed M&A transactions representing $2.5B+ in deal value
• +2 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Eight partnerships are on record, tiered core and minor.

• ACA InternationalcoreStrategic or Co-development PartnerTrade association membership providing networking, industry best practices, regulatory compliance updates, and professional development opportunities for accounts receivable management professionals.
• Association for Corporate Growth (ACG)coreStrategic or Co-development PartnerTrade association membership enabling networking with M&A professionals, dealmakers, and corporate growth professionals.
• Healthcare Financial Management Association (HFMA)coreStrategic or Co-development PartnerTrade association membership providing healthcare finance industry connections, education, and networking relevant to RCM sector clients.
• International Association of Commercial Collectors, Inc. (ICL)coreStrategic or Co-development PartnerTrade association membership for commercial collection professionals, providing networking and industry standards development.
• Receivables Management Association (RMA)coreStrategic or Co-development PartnerTrade association membership with committee participation for industry best practices and regulatory compliance. CAS team members are certified compliance auditors by RMA.
• American Fair Credit CouncilminorStrategic or Co-development PartnerTrade association membership in the consumer credit industry representing companies committed to fair debt collection practices.
• Innovation CouncilminorStrategic or Co-development PartnerIndustry council membership focused on innovation and emerging technologies within the OBS sector.
• The Boy Scouts of AmericaminorOthersCAS is a financial supporter and participant in The Boy Scouts of America programs.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Benchmark International: Middle-market M&A advisory firm running a similar transaction-based model targeting privately held businesses across multiple verticals. Highly comparable in size, deal profile, and exclusive sell-side mandate approach to CAS.
• MarshBerry: Investment banking and consulting firm specializing in the financial services sector, including substantial overlap in the ARM/debt collection vertical. Closely comparable given its niche specialization in the same OBS sub-sector that anchors CAS's business.
• Generational Group: Middle-market M&A advisory firm focused on privately held businesses, with a comparable exclusive sell-side engagement model and similar deal-size profile. Direct competitor for middle-market OBS mandates.
• Sun Mergers & Acquisitions: Boutique M&A advisor serving middle-market companies with a similar exclusive sell-side mandate structure. Comparable in scale and verticalized approach to CAS's boutique model.
• Transworld M&A Advisors: Global middle-market M&A advisory franchise with a similar exclusive-representation model for owners of privately held businesses. Comparable on deal size, mandate structure, and cross-border reach.
• Woodbridge International: Global middle-market M&A advisory firm with a similar exclusive sell-side advisor model and cross-border capability. Overlaps with CAS on private OBS targets seeking international buyer pools.

Broad incumbents

• Houlihan Lokey: Global investment bank with a deep middle-market M&A practice that increasingly covers niche BPO and tech-enabled services. Represents the larger incumbent CAS competes against on bigger OBS mandates.
• Stout: Global investment bank and consulting firm with a middle-market M&A practice serving business services and BPO clients. Comparable at the overlap point on larger OBS deals where CAS may cede to broader incumbents.
• Lincoln International: Global mid-market investment bank covering business services and tech-enabled services verticals. Relevant incumbent peer on OBS mandates that exceed CAS's typical deal-size sweet spot.
• CBIZ (Investment Banking division): Professional services platform with a middle-market M&A advisory practice that serves business services and BPO verticals. Comparable on advisory mandate structure, though operating within a broader professional services portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/corporate-advisory-solutions

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

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 Corporate Advisory Solutions