PJ Solomon at a Glance

Uppers

  • “Family-like culture where everyone knows and cares about each other”
  • “Given a high level of responsibility and the opportunity to quickly prove oneself”
  • “Compensation—making lots of money”

Downers

  • “Culture is changing as new verticals are added”
  • “Vacation policy is just catching up to the rest of the world”
  • “Name recognition”

The Buzz

  • “Boutique”
  • “Old school”

About PJ Solomon

Peter J. Solomon opened his eponymous Manhattan-based firm in 1989. Before striking out on his own, the Harvard-educated Solomon had spent many years at Lehman Brothers. With his new firm, Solomon built one of the most well respected investment banking boutiques on the Street. And in June 2016, the firm successfully joined forces with Natixis, the international corporate, investment, insurance, and financial services arm of Groupe BPCE based in France which had taken a 51percent stake in PJSC. The remaining 49 percent stayed in Peter J. Solomon Company (PJ Solomon) partners' hands. 

Today, the firm's upper management includes the founding chairman, Peter J. Solomon; Marc S. Cooper, CEO; Kenneth D. Baronoff, managing director and COO; 19 managing directors; and six senior advisers.

PJ Solomon offers strategic and financial advice to owners, chief executives, senior management, and boards of directors of public and private companies. Recently, PJ Solomon added three new verticals: Energy Advisory Group, primarily based in PJ Solomon's new Houston, Tex. office; Food Retail & Restaurants; and Infrastructure. The firm has been extremely active in these new verticals, with its Food Retail & Restaurants practice representing Central Grocers and Marsh Supermarkets, and its Infrastructure practice representing Macquarie Atlas Roads. The firm's Media & Telecommunications practice is an active presence in the digital out-of-home space. PJ Solomon also continues to provide retail expertise through its Global Retail practice and maintains a presence in the Financing and Health Care sectors. Since its founding, PJ Solomon has completed more than 500 advisory assignments.

Business at PJ Solomon is divided into five primary divisions: mergers and acquisitions, restructurings and recapitalizations, financing advisory, the special committee practice (which provides counsel to corporate boards and renders fairness opinions), and activist defense. Its family business advisory practice continues, and don't mistake this for something out of Norman Rockwell; PJ Solomon  advises families like the Fortunoffs, the Comers (who owned retail giant Lands' End), the Rabbs (former owners of the Stop & Shop grocery chain), and the Wylys (who owned the Michaels craft supply stores and entered into a $5.6 billion leveraged buyout agreement with Bain Capital and the Blackstone Group).

PJ Solomon is a well-known powerhouse in retail deals-it advised on Office Depot's merger with Office Max, and Phillips-Van Heusen's (PVH) acquisitions of Warnaco Group and Tommy Hilfiger. PJ Solomon continues to advise Phillips-Van Heusen (PVH), and more recently, its clients have also included Rag and Bone, Skullcandy, Chico's FAS, Sunsetter, TJX, Radio Shack, DSW, Key Foods, the London Stock Exchange, American Apparel, Under Armour, SoulCycle, SiriusXM, and American Greetings. In addition, PJ Solomon's media group, including its practice in the digital out-of-home space, has been busy recently, representing Hal Leonard, Starplex Cinemas, Searchlight Capital Partners, Christie's International, Patient Point, Rockbridge Growth Equity (on its Joint Venture with VeriFone), CBS Outdoor, and AMI Entertainment.

The firm also has a strong restructuring practice, which recently advised, with the energy group, the equity committee of Ultra Petroleum; Quiksilver; The Dolan Company, a creditor group of Energy Future Holdings (formerly known as TXU); and Overseas Shipholding Group.

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PJ Solomon

1345 Avenue of the Americas
New York, NY 10105
Phone: (212) 508-1600
Fax: (212) 508-1633

Stats

  • Employer Type: Private
  • Founder & Chairman: Peter J. Solomon
  • Chief Executive Officer: Marc S. Cooper
  • 2017 Employees: 80

Major Office Locations

  • New York, NY