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SolomonEdwardsGroup
SolomonEdwardsGroup supplies accounting, finance, and compliance consulting talent to Fortune 500 CFOs.
SolomonEdwardsGroup
Edward Baumstein founded SolomonEdwardsGroup in 1999, headquartered in Wayne, Pennsylvania. The firm is a professional services and staffing company that focuses on accounting, finance, risk, compliance, and technology consulting. Baumstein remains the CEO and has guided the firm through both organic growth and private-equity backing, with Lightyear Capital acquiring a majority stake in 2018. SolomonEdwardsGroup deploys human capital rather than financial capital, supplying interim and project-based consultants, direct-hire recruiting, and managed services to mid-market and Fortune 500 clients. Its primary practice areas include accounting advisory, business transformation, ESG and sustainability consulting, financial services advisory, and mergers-and-acquisitions integration. The firm staffs mandates ranging from technical accounting remediation to full-scale finance-function transformation. Its geographic footprint covers major US metros, with service delivery organized around regional hubs. Lightyear Capital, a New York-based private equity firm focused on financial services, acquired SolomonEdwardsGroup in May 2018. The sponsorship provided capital for accretive acquisitions, including the 2021 purchase of RoseRyan, a California-based finance and accounting consulting firm known for serving pre-IPO technology companies. The RoseRyan deal deepened the firm's West Coast presence and added specialized capabilities in technical accounting for high-growth enterprises. The firm typically recruits experienced professionals from Big Four accounting firms and corporate finance departments. Unlike asset managers or family offices on an allocator's roster, SolomonEdwardsGroup is a services vendor — the kind of firm an institutional allocator might hire during a finance-system migration or to backfill a regulatory reporting team. It does not invest capital, manage funds, or take equity stakes. Its structural differentiator is the private-equity consolidation of a fragmented professional-services sector, using a platform model to cross-sell compliance and transformation services across a national client base.
General information
Firm type
other
Year founded
1999
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Wayne
Corporate office
Wayne, PA, United States
Principals
Edward S. Baumstein
Founder & CEO
Frequently asked questions
Does SolomonEdwardsGroup manage investment capital or take equity stakes?
No. SolomonEdwardsGroup is a professional services and staffing firm, not an investment vehicle. It supplies consulting talent and project-based resources to corporate finance, accounting, and compliance teams. It does not manage funds, take equity stakes, or make direct investments.
Who owns SolomonEdwardsGroup?
Private equity firm Lightyear Capital acquired a majority stake in SolomonEdwardsGroup in May 2018. Founder Edward Baumstein remains the CEO and retains a significant equity position. The firm is not a family office, asset manager, or publicly traded entity.
What types of services does SolomonEdwardsGroup provide?
The firm provides interim and project-based consulting, direct-hire recruiting, and managed services across accounting advisory, business transformation, ESG consulting, financial services advisory, and M&A integration. It places experienced professionals, many drawn from Big Four accounting firms, into corporate finance functions.
What is the significance of the RoseRyan acquisition?
In 2021, SolomonEdwardsGroup acquired RoseRyan, a California-based finance and accounting consultancy that specializes in serving pre-IPO technology companies. The deal expanded the firm's West Coast presence and added capabilities in technical accounting and financial operations for high-growth enterprises.
Is SolomonEdwardsGroup a relevant entity for institutional allocators managing fund commitments or direct investments?
Not directly. Allocators and family offices would not evaluate SolomonEdwardsGroup as an investment counterparty. The firm may appear on an allocator's radar only as a potential professional-services vendor for internal finance operations, such as staff augmentation during a finance system implementation or interim CFO support at a portfolio company.
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