Resolution Economics buys The Red Maple Group

Resolution Economics (ResEcon), a Los Angeles-based economic consulting firm, has acquired The Red Maple Group, an Oak Ridge, NJ-based economic and financial consulting firm.

Founded in 2018 by Christopher Young, PhD, Red Maple provides economic analyses, reports, and expert testimony for attorneys throughout the United States. The firm specializes in litigation economics, delivering forensic analysis, economic damage analyses, statistical research, and economic loss reports for cases spanning insurance defense, commercial business, trust and estate, family law, M&A, personal injury, and private business.

Red Maple also provides non-litigation services in valuations, public policy analysis, contract negotiations, data analytics, econometrics, and economic consulting.

The firm has eight employees, according to its website.

ResEcon’s acquisition of Red Maple will strengthen its business valuation and CFO consulting offerings within its financial advisory services (FAS) practice."Chris and his team bring to ResEcon a significant amount of experience in the valuation and damages areas. We are very excited to have them join our team and look forward to a very successful future together," said J. Duross O'Bryan, head of ResEcon's FAS practice.

ResEcon last month bought several practices of Biddle Consulting, a Folsom, CA-based equal employment opportunity (EEO) consulting firm, and last year acquired Berkshire Associates, a Columbia, MD-based human resources consulting and technology firm.

"We are delighted to join Resolution Economics, a firm we have admired for many years," said Young. "There is great cultural and strategic fit between RMG and ResEcon and we see valuable opportunities to learn from each other's successes and to offer some very important and integrated new services to clients.”

ResEcon was founded in 1998 and provides economic and statistical analysis to corporate and law firm clients. The firm has domain expertise in labor and employment matters and finance and accounting analysis.

ResEcon has approximately 150 employees, according to LinkedIn, and offices in Los Angeles, Chicago, New York, Charlotte, NC, and Washington, DC. It is a portfolio company of Levine Leichtman Capital Partners, which acquired it in January 2020.