TowerBrook Capital Partners acquires BRG
Private equity firm TowerBrook Capital Partners has acquired a majority stake in Berkeley Research Group (BRG), an Emeryville, CA-based management consulting firm.
As part of the transaction, Endeavour Capital will exit its investment in BRG. The Portland, OR-based private equity firm invested in BRG in 2017.
Financial terms of the transaction were not disclosed.
Tri MacDonald will continue to lead BRG as CEO and president. David Teece will step down as executive chairman but will remain as a professional at the firm.
“TowerBrook is committed to and experienced in the professional services space, has known BRG well as a client for many years, shares our strategic vision and has the resources and relationships to help us drive profitable growth and success in the coming years," MacDonald said.
BRG was founded in 2010 and has grown to more than 1,600 employees across 45 global offices. The firm provides expert and consulting services in disputes and investigations, corporate finance, and performance improvement.
"BRG's experienced team of experts, distinctive culture and innovative growth model have helped the company secure a strong market position. We believe TowerBrook's expertise and shared vision for success make us ideal partners to support BRG in its next phase of growth," said Walter Weil, managing director at TowerBrook.
Co-headquartered in London and New York, TowerBrook in 2005 spun off from George Soros’ equity management firm, Soros Fund Management LLC. The firm has $22.5 billion in assets under management and focuses on middle market services business in North America and Europe.
TowerBrook in 2021 invested in EisnerAmper, a New York-based accounting and consulting firm.
