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About

Paul Aversano is a Managing Director at Alvarez & Marsal (A&M) and Global Practice Leader of the firm’s Global Transaction Advisory Group, with oversight of the firm’s U.S. Corporate Transactions Group

For over 30 years, Mr. Aversano has led both buy-side and sell-side financial and accounting due diligence projects for complex public and private company transactions, as well as transactions in the capital markets.

Mr. Aversano works to deliver A&M’s services to clients globally. He leads the firm’s efforts in the cross-border delivery of services to private equity firms, sovereign wealth funds and family offices, as well as to corporate and strategic buyers across a wide spectrum of industries. He specializes in assessing quality of earnings and GAAP/IFRS accounting, providing accounting and transaction structuring advice for leveraged buyouts, purchase accounting and SEC reporting.

Prior to joining A&M, Mr. Aversano was a Partner with EY in New York and Director of Middle Market Private Equity. He led financial accounting due diligence projects for private equity investor groups, and the development and coordination of the firm’s go-to-market and service delivery strategies focused on the private equity market. Previously, he was with Arthur Andersen’s Transaction Advisory Services and Audit practices in New York.

Mr. Aversano earned a bachelor’s degree in accounting from Binghamton University. He is a Certified Public Accountant (CPA) in New York and a member of the American Institute of Certified Public Accountants (AICPA), the New York State Society of CPAs, and the Association of Certified Fraud Examiners. He serves on the board of directors and audit committees of both the New York Police and Fire Widows’ and Children’s Benefit Fund (Answer the Call) and PowerPlay NYC, as well as the advisory board of the University of Michigan’s Ross School of Business’ (“Ross”) Sanger Leadership Center. In addition, Mr. Aversano represents A&M on the planning committee of Ross’ Private Equity and Alternative Investments Summit, in parallel with the firm’s anchor corporate sponsorship of the school’s DIAG Growth Private Equity Investment Fund – a practical learning experience for students to gain real-world exposure to private equity and alternative investments.

Mr. Aversano is a sought-after guest lecturer at top universities including the University of Michigan, the University of Pennsylvania and Binghampton University, as well as a leading industry voice who has frequented such broadcast channels as Bloomberg and FOX Business.

Mr. Aversano is the recipient of numerous awards for his industry stewardship, including The M&A Advisor’s Leadership Award and Hall of Fame honor in 2024 and its Service Professional of the Year in 2015. In recognition of his personal service to his alma mater, Binghamton University, Mr. Aversano was also the recipient of the B. Jean Fairbairn Access Award in recognition of his efforts in improving services and access for students with disabilities at the school.

Professional Background

  • Managing Director and Global Practice Leader

  • Alvarez & Marsal Global Transaction Advisory Group
  • June 2006 – Present

  • Partner

  • EY LLP
  • May 2002 – May 2006

  • Senior Manager

  • Arthur Andersen LLP
  • June 1992 – May 2002

EDUCATION

  • Binghamton University – School of Management

  • Bachelor of Science in Accounting
  • 1989 – 1993
  • Notable Alumni

Awards

  • Leadership Award Honoree & M&A Hall of Fame Inductee

  • The M&A Advisor, 2024

  • Service Professional of the Year Awardee

  • The M&A Advisor, 2015

  • Due Diligence Provider of the Year Awardee

  • Unquote British Private Equity Awards, 2014

  • Integrated Due Diligence Team of the Year Awardee

  • Acquisition International M&A Awards, 2014

  • Finalist

  • The M&A Advisor 40 Under 40 Awards, 2011

Leadership Philosophy

Working In The Alvarez & Marsal (“A&M”) Global Transaction Advisory Group (“TAG”) Is Both A Privilege And An Opportunity.

You are part of an elite team of professionals and we all want you to grow, develop, be successful, and contribute to the overall success of A&M. My primary leadership goals are to support your career objectives while eliminating both internal and external obstacles, such that you can achieve a greater level of success than you otherwise would on your own. The following are my thoughts about leadership, the way in which I lead Global TAG, as well as my expectations of our team as a member of this great firm:

A&M Core Values, The A&M Way, and A&M Global TAG Mission Statement

A&M Core Values: to maintain the firm’s core values of integrity, quality, objectivity, fun, personal reward, and inclusive diversity at all times.

The A&M Way: to provide leadership, problem-solving, and value creation while always upholding the founder’s mentality – leadership, actions, results.

A&M Global TAG Mission Statement: to help our clients be successful investors by acting as relationship-driven trusted advisors in everything we do.

Family, Client, Firm, Self

In order of importance, priority is given to your family, our clients, the firm, and yourself. Sometimes one of these areas will have to take priority over others, but over the long-term, the goal should be to find balance amongst all.

Treat People Fairly and Do the Right Thing

I believe in treating all people fairly based on their own individual wants and needs. At times, you may need to take a step back, look at the big picture, ask yourself what the right thing to do in a given situation is, and then do it.

Loyalty, Trust, and Respect

I am fiercely loyal to the people I work with, I trust them and treat them with respect, and I expect the same loyalty in return.

Hard Work and Commitment

I am deeply committed to our clients, the firm, and our people, and I expect others to share the same commitment. I want everyone to think like they are an owner of this firm and act as such – do what you say you are going to do and own the problem and the solution. You will be held accountable for your actions, as I will be for mine.

A&M Core Values: to maintain the firm’s core values of integrity, quality, objectivity, fun, personal reward, and inclusive diversity at all times.

The A&M Way: to provide leadership, problem-solving, and value creation while always upholding the founder’s mentality – leadership, actions, results.

A&M Global TAG Mission Statement: to help our clients be successful investors by acting as relationship-driven trusted advisors in everything we do.

In order of importance, priority is given to your family, our clients, the firm, and yourself. Sometimes one of these areas will have to take priority over others, but over the long-term, the goal should be to find balance amongst all.

I believe in treating all people fairly based on their own individual wants and needs. At times, you may need to take a step back, look at the big picture, ask yourself what the right thing to do in a given situation is, and then do it.

I am fiercely loyal to the people I work with, I trust them and treat them with respect, and I expect the same loyalty in return.

I am deeply committed to our clients, the firm, and our people, and I expect others to share the same commitment. I want everyone to think like they are an owner of this firm and act as such – do what you say you are going to do and own the problem and the solution. You will be held accountable for your actions, as I will be for mine.

Civic Engagements

  • Audit Committee

  • Manhasset School Board of Education
  • July 2009 – August 2015

  • Board of Directors

  • Binghamton University
  • October 2007 – June 2009

philanthropy