Winter Park, FL (Dec. 23rd, 2020) — Cortland Advisors, LLC, a mergers & acquisitions consulting and advisory group, announced senior management and organizational changes at its annual members’ meeting.
Adrian Logue, the company’s Washington, DC-based Chief Financial Officer, was promoted to Chief Executive Officer, effective January 4, 2021. Logue, a former America Online executive, has been Cortland’s CFO since November 2017. Until a new CFO is named, he will continue to fulfill that role. Cortland’s current CEO, Randy Coppersmith, will remain with Cortland as its Chairman of the Board and will serve in an interim capacity as business development lead.
David Reader, the company’s Tampa, FL based Chief Operating Officer, was named Cortland’s President and will continue as the firm’s COO. Reader joined Cortland in 2018 after a successful career as a partner in a large Washington DC law firm. Cortland’s Founder and President, Ken Taormina, has been promoted to Vice Chairman of the Board. Taormina remains an owner and key member of the Board. Taormina remains based at the company’s headquarters in Winter Park, FL.
“Adrian and David have done a commendable job during the early phase of our company’s growth and will continue to make outstanding contributions as our company expands and grows,” said Chairman Randy Coppersmith. “Ken and I will continue to be integral to the business; however, it is time to make these changes to help drive the firm moving forward. Adrian is an excellent operational executive, and it is the perfect moment in his career for him to take on this new challenge. He and David understand our vision for Cortland, and we have the utmost confidence in their ability to lead Cortland to the next level.”
Cortland also announced a series of other personnel changes today:
• Dan King, Cortland’s Winter Park, FL-based Senior Vice President and with Cortland since 2019, will lead Cortland’s growing Consulting Division. His responsibilities will now include oversight of all client-consulting activities nationwide.
• Max Coppersmith, previously the company’s director of Channel Partners, was promoted to Vice-President of Administration & Marketing. In his new role, he will oversee Cortland’s marketing nationally, and will also support client merger and acquisition activities.
• Gaurav Parikh will step-down as Cortland’s Senior Vice President of Strategy and Business Development, and will remain with the firm as an advisor.
“All of these changes will serve to help us capitalize on the opportunities ahead for Cortland,” said Logue. “As our M&A practice has grown, it has become evident that many of our small and mid-sized clients often need expert advice as they prepare for a liquidity event or acquisition. Dan’s skillset brings the expertise Cortland needs to address those requirements, and the fact is we have never had more clients, or more new business, than we do right now, in large part due to Dan’s contributions to our consulting practice. The support Dan and Max will bring to our burgeoning client base is critical to our future success.”
“Ken and Randy have been the driving force behind Cortland. I’m happy they’ll continue to remain with us, albeit in new roles. I am honored by this promotion and will continue to seek their counsel as we work closely together to build upon the firm’s tremendous success” said Logue.
While COVID-19 has affected many elements of the national economy, Cortland has continued to thrive and grow. “People still need capital to fuel their companies. And M&A activity remains high despite concerns of a recession, particularly in some industry segments,” said Logue. “By all indications, 2021 will be a record year for us. I want to thank all our wonderful clients, and our team of advisors and channel partners for their tremendous support.”
Cortland Advisors Background
Cortland Advisors, LLC, is a full-service M&A Consulting and Advisory services firm, headquartered in Winter Park, FL and with offices in Washington, DC, Dallas, TX, Tampa, FL, and Sarasota, FL. Cortland specializes in key vertical industry segments including Government Contracting, Construction Services, Media, a Technology and Software, Telecommunications, Biosciences and Engineering and Manufacturing. Cortland’s mid-market transaction focus assists buyers and sellers with transactions in the $20-100mm range.