SolomonEdwards Company Profile

Background

Founded in 1999, SolomonEdwards is a national professional services firm specializing in financial, operational, and technology consulting, along with operations support. The company is dedicated to delivering exceptional talent, proven project delivery methods, and custom solutions tailored to each client's needs. By leveraging deep industry expertise and cross-functional capabilities, SolomonEdwards aims to transform business challenges into value-creation opportunities.

Key Strategic Focus

SolomonEdwards focuses on enhancing and supporting core business functions through a comprehensive suite of services, including:

Accounting & Finance Operations Support: Enhancing back-office processes, providing operational support, and resolving intricate accounting challenges to ensure timely, accurate, and compliant financial operations.

Business Transformation: Combining process improvement with enabling technology to streamline and strengthen operations, assisting with specific process improvements or enterprise-wide change initiatives.

Corporate Tax Services: Navigating complex tax regulations, addressing tax consequences of business transactions, and maintaining compliance with relevant statutory frameworks.

Data Solutions: Offering analytics, governance, and management services to guide effective data practices over the entire data lifecycle, ensuring data-driven insights inform decision-making.

Governance, Risk & Compliance: Providing expertise in regulatory compliance and risk management, serving as a trusted partner for large financial institutions, multinational companies, and federal agencies.

Technology Enablement: Designing impactful and scalable tech solutions tailored to evolve with business needs.

Transaction & Regulatory Advisory Services: Facilitating mergers and acquisitions, divestitures, and other business transactions, providing comprehensive support from pre-deal strategy through post-deal integration and optimization.

These services are designed to enhance and support companies' core functions, ensuring they stay ahead in a competitive marketplace.

Financials and Funding

In April 2022, SolomonEdwards received a significant growth capital investment from private equity firm Renovus Capital Partners. This investment followed a period of record-setting growth and was intended to support further expansion, including investments in team and delivery capabilities.

Pipeline Development

SolomonEdwards has expanded its service offerings through strategic acquisitions:

OpenGate Consulting (February 2023): A business and technology consulting firm focused on the Salesforce ecosystem, enhancing SolomonEdwards' technology consulting capabilities.

29Bison (May 2023): A human capital advisory organization specializing in due diligence and value optimization, strengthening SolomonEdwards' human capital consulting practice.

Dominion Advisory Group (November 2024): An anti-money laundering advisory and financial crime consulting firm, expanding SolomonEdwards' offerings in banking, financial services, and regulatory compliance.

Steele Consulting (December 2024): A tax consulting firm, complementing SolomonEdwards' accounting and finance operations practice and extending support to the office of the CFO.

Technological Platform and Innovation

SolomonEdwards leverages a diverse technological platform to deliver its services effectively. The acquisition of OpenGate Consulting has enhanced its capabilities in the Salesforce ecosystem, particularly within the financial services and healthcare industries. This strategic move allows SolomonEdwards to offer comprehensive digital transformation solutions, integrating business and technical skills to provide scalable and outcome-oriented services.

Leadership Team

The leadership team at SolomonEdwards comprises experienced professionals dedicated to driving the company's strategic initiatives:

John Gulnac: Appointed as CEO in July 2024, bringing a focus on strategic growth and enhanced client service delivery.

Jay Steele: Founder of Steele Consulting, joined as a partner in December 2024, contributing expertise in tax advisory services.

Jon Glass and Pete Balint: Founders of Dominion Advisory Group, joined as partners in November 2024, leading the new AML and financial crime consulting practice.

Laura Kellers Queen, Ed.D.: Co-founder of 29Bison, became Chief People Officer in May 2023, overseeing human capital initiatives.

Jason Wood: Co-founder of 29Bison, leads the Human Capital consulting practice.

Leadership Changes

In July 2024, John Gulnac was appointed as CEO, succeeding the previous leadership. This change marked a strategic step in SolomonEdwards' growth, focusing on expanding market reach and enhancing client service delivery.

Competitor Profile

Market Insights and Dynamics

The professional services industry is characterized by a competitive landscape with firms offering a range of consulting and operational support services. SolomonEdwards operates within this dynamic environment, focusing on delivering tailored solutions to meet client needs.