Aquila to Leave American Express, Joins The Growth Partnership

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August Aquila is leaving American Express to pursue a consulting career with The Growth Partnership.

August Aquila, a critical force in the consolidation movement since the early 1990s will leave American Express Tax and Business Services (TBS) after nearly ten years of service and join St. Louis based The Growth Partnership (TGP) effective July 4, 2003. August joined TBS as the Regional Field Vice President and most recently held the title of Vice President - Mergers & Acquisitions.

In announcing his decision, Aquila said: "I want to get back on the frontline and work with CPAs to help them achieve sustainable, profitable growth. By emphasizing 'implementation' over 'pontification', I will work diligently to ensure my clients achieve a positive return on their investment in me. My unique industry knowledge, coupled with a tremendous amount of real-world experience will allow me to make a positive impact on the operations of an accounting firm, and my primary focus will be in the areas of performance / practice management, and I'll be leveraging my career experience with the Balanced Scorecard system, performance-based compensation, succession planning and mergers and acquisitions to get the job done."

"I can't imagine another professional in our industry that can bring the depth of real-world experience to the table that August can" said Jeffrey S. Pawlow, President and CEO of The Growth Partnership. "His expertise in the performance / practice management arena really rounds out our service capabilities at TGP and positions us as the premier full-service consulting firm serving the accounting industry. From marketing, sales, lead generation and training programs to partner retreats, human resources, pay-for-performance compensation programs, M&A and practice management issues, TGP offers a seamless, integrated solution to the challenges and opportunities facing today's CPA."

As the Director of Practice Management Consulting, Aquila will serve as a member of the TGP Executive Committee and focus his non-client time and energy on further developing the only full-service consulting firm for CPAs in the country.

Prior to joining American Express in 1994, Aquila was a Partner with Friedman Eisenstein, Raemer & Schwartz (FERS) and also the Senior Vice President of the Practice Development Institute (PDI).

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