Where We Started

History of CFA

In 1956 Michael M. Rothberg sold his interest in a furniture company and started Corporate Finance Associates (CFA). Based in Columbia, South Carolina, Mr. Rothberg established a consulting firm to serve the M & A needs of middle market business owners. In the late 1960s, looking for new ways to increase the number of "associates" in the firm, Mr. Rothberg articulated his philosophy of being in business for yourself rather than by yourself by adopting a networked business model. The network of associates grew and in 1969 the first international office was added. In 1972 the firm moved to Atlanta. The model proved successful and in 1985 the firm continued its westward migration with a move to Denver, Colorado.

Recognizing an opportunity for bringing principals into direct contact with clients worldwide, the former associates executed a management buyout of the company in 1996, creating the organization that exists today. CFA is a privately held corporation based in Los Angeles, California with offices on four continents. In 1956 few could have predicted that a single individual, with an entrepreneurial vision, was launching a company with the "right stuff" that would be celebrating over 60 years of success.

CFA Time Line

 Date  Event
1956 Mike Rothberg launches CFAW in Columbia, South Carolina
1966 CFAW records first $5 MM transaction
1969 First international partner established in Switzerland
1972 Corporate offices moved to Atlanta, Georgia
1975 CFAW grows to 15 office in 10 states and records first $10 MM transaction
1980 Bi-Annual CFAW conferences launched to facilitate an enhanced method of disseminating client needs throughout the firm and to facilitate training and best practices
1984 CFAW records first $25 MM transaction
1985 Headquarters moved to Denver, Colorado. Mike Rothberg retires and Jim Sorensen becomes CEO.
1988 CFAW records first $100 MM transaction
 1996 A management buyout of CFA . Morley Zipursky is elected Chairman
2002 Terry Fick is elected Chairman and Morley Zipursky is honored as Chairman Emeritus
2003 Peter Heydenrych is elected Chairman and CEO
2005 CFAW headquarters moved to Los Angeles, California
2006 CFAW celebrates 50th anniversary
2007 CFAW records first $175 MM transaction
2007 CFA forms broker dealer Corporate Finance Securities
2009 CFAW adds offices in Mumbai and Pune, India
2009 CFAW records first over $375 MM transaction
2012 CFAW Top Ten in Thomson Reuters League Tables
2015 CFAW records first over $500 MM transaction
2016 CFAW celebrates 60th anniversary
2018 Jim Zipursky is elected Chairman and CEO
2019 CFAW expands to Europe with offices in Belgium, Denmark, Ireland, Netherlands, Switzerland and the United KIngdom