Pivoting During COVID-19
Avant Advisory Group helps companies access financing through both the paycheck Protection Program and the Economic Injury Disaster Loan Program.
When it comes to quick pivots at the outset of COVID-19, consider that of Avant Advisory Group, which helped businesses survive the first three months of the economic shutdown.
The Newport Beach-based operationally-focused financial advisory and management consulting firm entered March on a roll with work in various stages of mergers and acquisitions in five separate transactions.
Avant, with offices in Los Angeles, Newport Beach, Salt Lake City and New York, also handles financial forensics, fraud, and corporate investigation projects while providing consulting expert and testifying expert witness support on a variety of litigation cases.
Avant’s founder and president, Jim Davidson, described business as robust — until government-mandated lockdowns in reaction to the coronavirus occurred in mid-March, triggering economic upheaval across the nation, state-by-state, city-by-city.
“All M&A related services came to a screeching halt,”
— Jim Davidson
M&A deals in North America precipitously dropped: GlobalData reported 820 deals in March, down 20% from February (1,024 deals) and 30% from January (1,178).
