History Page

Stability in an unstable world.

Since 1978, ESBA has helped over a thousand companies find their path to success through innovative solutions and insightful advice – doing turnaround work before there was a turnaround industry. As one of the oldest firms of our kind, we offer the stability and expertise that distressed and underperforming companies require to help them succeed.

The beginning: Filling a need

Well-known in the banking industry, businessman Marty Katz was asked to help advise a bank’s loan client who was in distress. Relying on decades of business acumen, Marty created a plan to help them improve profitability, and thus an idea for a new business was conceived. He knew other family-owned companies could use the same practical “outsiders” point of view and so launched a company to serve as a sounding board for businesses going through transition. Executive Sounding Board Associates was born.

Growing into a leadership position

From our roots as a turnaround firm, we have grown into a multidisciplinary financial advisory and consulting firm. Over the years we have worked with middle market and large cap companies, privately owned, publicly traded and family-owned businesses, helping them re-establish value and profitability. Today, we not only work with companies in distress, but also with those who simply want to improve, operationally or financially.

We grew by adding practice areas and expanding into a broad array of markets and different industries. We now offer:

Working with companies all over the globe, we have two established offices in Philadelphia, Baltimore and New York City. Today, we are pleased to be named one of the top turnaround firms in the United States, recognized by The Beard Group, publisher of Turnarounds and Workouts Magazine, the M&A Advisor organization, the Global M&A Network and by The Deal in their quarterly bankruptcy league tables.

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