Eliassen Group buys life sciences specialist The Evanston Group
Eliassen Group, a Reading, MA-based consulting and talent solutions firm, has acquired The Evanston Group, a Chicago-based life sciences consulting firm.
Eliassen will roll Evanston’s more than 50-person team into its Life Sciences practice. This subsidiary provides consulting services in quality, regulatory & compliance, validation, engineering, project management, and biometrics to life sciences sector clients.
Evanston was cofounded in 1999 by Kay Anderson and Michael Anderson. The latter retired from the day-to-day operations of the business in 2011, while the former stepped down as CEO last year after heading the firm since its founding. Michael Romero, who joined the firm in 2019 as president and CRO, succeeded Kay Anderson as CEO.
The Chicago firm has completed more than 4,000 engagements in the last 21 years, and saw exceptional growth (~30%) in 2020 on the back of pandemic-fueled demand in the pharma, medtech, and biotech industries.
The firm advises clients on clinical, research & development, quality assurance & control, regulatory, medical affairs, M&A, digital transformation, supply chain & manufacturing, and project management.
"This acquisition is part of a transformational growth strategy for Evanston, allowing us to expand our relationships with our clients," Romero said. "Eliassen Group, and especially their company EG Life Sciences, delivers flexible and scalable solutions to the life sciences industry, and we're excited to join a team whose service offerings so perfectly complement our own, enabling us to offer our clients holistic support."
Eliassen was founded in 1989 and delivers advisory and talent solutions in technology consulting, agile consulting, creative services, managed services, risk management & business optimization services, government solutions, and life sciences. The firm has 20 offices in the United States and more than 750 employees, according to LinkedIn.
Eliassen has steadily grown its core IT recruitment and staffing practice since it was acquired by private equity firm Stone Point Capital in November 2018. Bolt-ons include Credere Group, Project One, Webster Consulting Group, and The Armada Group.
