Teneo has acquired Goldin Associates, a financial advisory firm focused on corporate restructuring that was founded in 1990 by former New York City comptroller Jay Goldin.

Goldin Assocs. has worked on high-profile bankruptcies including Enron, Drexel Burnham Lambert, City of Detroit and Bernie Madoff’s Madoff Investment Securities.

It is now part of Teneo’s capital advisory group, the investment banking arm of the strategic communications shop.

Michael Madden, chair of Teneo’s capital advisory group, praised Goldin Assocs for its "exceptional track record of advising clients through distressed situations."

Teneo was founded by Declan Kelly, ex-Financial Dynamics CEO, executive VP at FTI Consulting and economic envoy for Northern Ireland for Secretary of State Hillary Clinton; Paul Keary, senior managing director at FTI; and Doug Band, who was President Clinton’s chief counsel.