Element78, a private equity focused advisory firm, de- livers unique and invaluable perspective to its clients,
says John Signa, CEO of the firm.
From acquisition through integration and exit readiness, Ele-
ment78 offers solutions throughout the investment lifecycle.
Signa sat down with Consulting
to discuss the firm's financial performance and its No. 6 ranking.
Consulting: What were the main
factors that contributed to your firm’s
Signa: Our growth is largely attributed to our people and our clients. Our
employees bring decades of experience in accounting and finance across
Consulting: How is this year shaping
up for your firm?
Signa: While 2018 was an exceptional year for us, 2019 is shaping up to
be even better, as our firm is on pace
to more than double its revenue. Our
team has grown from 16 to 22 FTEs
and we're working with several new
Consulting: How would you describe
your firm’s outlook for 2020?
Signa: We see tremendous opportu-
nities within private equity. Our firm
is committed to serving the PE com-
munity and has tailored its service
offerings to meet the accounting and
financial operation needs of private
equity funds and, the portfolio com-
panies they invest in. Outsourcing
non-core business processes, such
as fund administration or accounting
is a trend that will certainly contin-
ue given the value proposition. Ad-
vancements in technology, especial-
ly cloud-based enterprise solutions,
provide businesses with tremendous
optionality today. One option, is to
outsource business processes, such
as accounting, to firms like ours
that have invested in enterprise ac-
counting software and accounting
professionals that can not only pro-
cess your transactions but provide
you with invaluable insights on your
business operations, in a much more
cost effective and timely fashion.
Our firm is well-positioned to cap-
ture market share, as businesses are
being transitioned to the next gener-
ation, who is far more technological-
ly advanced than their predecessors
and in favor of this paradigm shift.
Consulting: What would you say are
your biggest challenges in 2020?
Signa: The U.S. economy is the
strongest in the world right now and
labor markets are extremely tight.
Being able to keep up with client
demand is highly dependent on our
ability to recruit new talent. As one
of the youngest firms on this list, one
of our biggest challenges is brand
recognition/awareness. While we
target senior-level public accounting
professionals from the top 20 firms
and industry professionals, we know
we're not for everyone. If you're
looking to build a resume, we're not
for you. We're young and scrappy
entrepreneurs building a "different"
kind of consulting business. Finding
like-minded, entrepreneurial profes-
sionals is a challenge and is key to
our continued success.
Consulting: What does being named
one of Consulting’s Fastest Growing
Firms mean to your firm, your
employees and your clients?
Signa: We could never achieve
this growth or recognition without our dedicated employees or
clients. Our team's ability to focus
first on understanding our clients'
pain points and desired outcomes
in order to provide solutions that
create value has been the key to
our success. We are incredibly
grateful for the opportunities to
serve our clients and accept this
recognition in their honor.
6*REVENUE GROWTH: 699% HQ: OAK BROOK, IL FASTEST GROWING