Baltimore, MD, March 8, 2011 - Parchman, Vaughan & Company, LLC, a leading middle market investment banker to the education and training industry, is pleased to announce the formation of a joint venture with SC&H Group, LLC. The new venture will offer transition advisory services to institutions and businesses in the education marketplace. Todd Parchman, Partner at Parchman, Vaughan explained, "The educational sector, including both non-profit and for-profit enterprises, is facing extraordinary head wind. Factors such as a changing regulatory environment, government budget cuts, increased competition, and a weak economy are forcing institutions to evaluate their costs, debt structures, and strategic plans. We are delighted to join the professionals at SC&H, led by Joe Foss and Mark Moderacki in this effort. Joe and Mark have many years of experience in the interim management, restructuring, and turnaround fields. By combining PVC's knowledge of the education marketplace and SC&H's proven expertise in management consulting, we believe this unique offering will serve colleges, private K-12 schools, and other education businesses seeking to emerge successfully from today's challenging environment". Services will include:
· Strategic Development
· Institutional Revitalization
· Operational Improvement and Staff Assessment
· Crisis and Turnaround Solutions
· Debt Restructuring
· Interim Management
· Forensic Investigation
· Bankruptcy Services
About Parchman, Vaughan & Company
Parchman, Vaughan & Company, based in Baltimore, MD, is a FINRA member firm, created in 1996 to provide the highest level of investment banking expertise to companies in the business of education and training. www.parchmanvaughan.com
About SC&H Group
SC&H Group, based in Sparks, MD, is a highly acclaimed audit, tax, and management consulting firm serving a nationwide client base. Its professionals serve clients ranging from emerging businesses to the largest Fortune 500 companies. www.scandh.com