Cognient Buys Lake Points Partners

Cognient Group has acquired Lake Pointe Partners, a Chicago-based turnaround advisory. No financial terms were disclosed.


Lake Pointe Partners, LLC (“Lake Pointe“), a leading consulting firm that provides profit enhancement, corporate renewal and turnaround consulting services to underperforming companies, announced today that it has been acquired by Cognient Group, LLC (“Cognient“), a provider of a wide array of financial advisory services to middle market companies.

Lake Pointe’s access to additional capital will allow it to take advantage of the current demand for its services by providing the resources to add experienced professionals, deepening its industry experience and technical expertise. The firm will expand its geographical footprint with additional offices to better serve its existing and expanding referral network.

“The current economic environment is driving the need for performance improvement solutions for underperforming companies,“ said Randy Patterson, Senior Managing Partner for Lake Pointe. “The resources provided by Cognient Group will allow us to accelerate our growth plans for new locations and provide an unmatched team of industry experts to meet these challenges.“

“Lake Pointe has an established brand and reputation for providing successful outcomes to its clients,“ said Chet Gougis, Managing Partner of Cognient Group. “Their expertise in due diligence, performance improvement, turnaround and interim management will support our internal needs while also servicing an expanding referral source network and client base.“

About Lake Pointe Partners, LLC

Lake Pointe Partners, LLC (“Lake Pointe”) is a consulting firm dedicated to providing profit enhancement, corporate renewal and turnaround consulting services to underperforming companies. Currently with offices in Chicago and Shanghai, Lake Pointe’s operational performance improvement services include international interim management, strategic sourcing, business development, and logistics and supply chain management.

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About Cognient Group, LLC</>

Cognient Group, based in Chicago, is a collaboration of experienced professionals delivering world class financial, operational and investment advisory services to middle market businesses and investors.

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