CFO Colleague, LLC has been selected by Trevecca Nazarene University (TN) as an adviser for its merger exploration process with Eastern Nazarene College (MA). The boards of trustees for the two institutions recently announced their desire to consider combining operations, stating that both Trevecca’s President and its Chief Financial Officer will fulfill respective roles at Eastern.
David Caldwell, CFO of both Trevecca and Eastern said, “We are excited about the opportunities this process affords and are pleased to partner with CFO Colleague to carefully consider all the possibilities. With a practice focused on institutions of our size and type we will rely on their experience to lay out the framework for a healthy and successful combination.”
According to Jeffrey Spear, Principal of CFO Colleague, “Trevecca is one of our most progressive and best-managed clients. We are confident that, working together, this combination process can create a blueprint for institutions of like size and mission that are thinking seriously about a similar arrangement. Many others will watch this process with great interest.”