CLIENT
Founded in 2011, Danforth Advisors, LLC (“Danforth” or the “Company”) offers an integrated and scalable “one-stop shop” solution for all operations from controller through CFO performing activities ranging from accounting and operational finance services, to capital raising, financial planning and analysis, M&A, and IPOs. The Company has served as a strategic thought partner to over 300 clients across all stages of a company’s life cycle, from inception to exit. Danforth employs a deep team of consultants who are experienced finance and accounting professionals, including CFOs, Big 4 public accounting alumni, corporate controllers, start-up accountants and subject matter experts such as financial planning & analysis specialists.

The Company is headquartered in Somerville, MA with additional offices in New York, Pennsylvania, Colorado, and Texas.

SITUATION
Danforth had created the leading provider of specialty consulting solutions to the life sciences industries in the Northeast and had an opportunity to expand its breadth of services and increase its geographic presence nationally. Danforth’s principals, Daniel Geffken, Gregg Beloff, and Stephen Dipalma, wanted to diversify their risk and were seeking the right partner who could support the next phase of growth of the Company’s leading consulting platform.

ENGAGEMENT
G2 served as the exclusive financial advisor to Danforth, responsible for running an efficient and strategic recapitalization transaction process.

OUTCOME
The transaction was successfully executed through an investment from Stone-Goff Partners (“Stone-Goff”), a private equity investment firm that invests in lower middle market founder-owned businesses and corporate carve-outs in the business services and consumer sectors.

“G2 brought invaluable industry experience that played an integral part in telling the Danforth story. They guided us through the complex transaction process and cultivated the right set of potential partners for us to consider. In Stone-Goff, we found a partner that shared the same passion and vision for the future of Danforth,” said Stephen Dipalma, Managing Director of Danforth.

The investment will support the Company’s growth initiatives of expanding service offerings, building out the consultant team, geographic expansion into new life sciences clusters, and opportunistic acquisitions of complementary outsourced service providers in the life sciences industry.

“We are pleased to be a part of such a successful outcome for the Danforth team. Dan, Gregg, and Steve have built a leading company in a highly fragmented, growing market,” said G2 Senior Managing Director, Matt Konkle. “It was important to the principals to achieve an outcome that was the right strategic and cultural fit for their people. In Stone-Goff, they have found a great partner that understands their business and will help them accelerate their strategic vision for Danforth moving forward.”

“The Danforth team has built a market leader providing strategic services to life sciences companies,” said Laurens Goff, co-founder of Stone-Goff Partners. “We are excited to partner with Dan, Gregg, Steve, and the entire Danforth organization as they enter the next phase of growth.”