Monday, May 4, 2015

Econsult, Fairmount Capital to merge

The transaction puts together an economics firm and a public finance advisory firm, both based in Philadelphia.

Econsult, Fairmount Capital to merge

What do you get when you cross an economics firm with a public finance consulting firm?

We're about to find out. Econsult Corp. and Fairmount Capital Advisors Inc., both of Philadelphia, said Thursday they will combine into a new venture called the Econsult/Fairmount Group.

While the two firms have some clients in common, they weren't exactly competitors. "While our respective practices are closely related, they don't overlap, so we fit together like pieces of a jigsaw puzzle," said Econsult president David Crawford in a statement.

Fairmount Capital was formed in 1987 and helps governmental, public and private organizations with debt financings.

Econsult, founded in 1979, does economic impact and other types of analysis on public and private projects, including the Comcast Center, Cira Centre and the Philadelphia Union soccer team's stadium in Chester.

Inquirer Columnist
About this blog
Mike Armstrong blogs about Philadelphia corporations and business-related topics. Contact him at 215-854-2980. Reach Mike at marmstrong@phillynews.com.

Mike Armstrong Inquirer Columnist
Business Videos:
Also on Philly.com:
Stay Connected