Keystone Strategy receives $100-million investment from RLH Equity Partners
Keystone Strategy, a San Francisco-based strategy and economics consulting firm, has received a $100-million investment from RLH Equity Partners.
Founded in 2003, Keystone helps Fortune 50 companies, government agencies, and law firms solves challenges in strategy and regulation. The management consulting firm has deep expertise in economics, data analysis, product development, competition platforms, intellectual property, and antitrust matters.
Keystone works with the globe’s top technology companies as well as consumer brands. Its client roster includes Microsoft, Amazon, Intel, GE, Coca-Cola, and Pfizer.
Keystone’s talent draws on academic experts from America’s top business schools (Wharton, Harvard, Stanford etc.) as well as industry veterans. The company has more that 125 professionals across offices in San Francisco, Seattle, New York, and Boston.
RLH’s $100-million investment will enable Keystone to scale up as demand for its services booms.
“We are extremely pleased to have the support of RLH Equity Partners as we continue our work in meeting the urgent demands from companies looking to transform traditional products and services into data-driven platforms,” said Greg Richards, CEO of Keystone Strategy.
Based in Los Angeles, RLH’s investments target high-growth companies in the business services, healthcare, and government services industries with revenue of less than $200 million. The private equity firm currently has more than $1 billion in assets under management.
Chris Lewis, co-founder and managing director of RLH, added, “Our orientation is to invest in the people of high-end, knowledge-driven companies, and Keystone represents an extraordinary opportunity to support a talent-driven organization that aligns with our core investment thesis and values. We are excited about the partnership and look forward to supporting Keystone as it continues to find solutions for companies’ most challenging business problems.”
Private equity firm TowerBrook Capital Partners earlier this week made a strategic investment in EisnerAmper, a Top 20 accounting firm. Flush with cash from a strengthening economy, private equity companies are looking for profitable areas to invest their money. One such area is technology-driven consulting, which has seen a healthy demand spike since the pandemic.
According to IBISWorld, the IT consulting market in the US is expected to grow by 9.9% in 2021 to reach $576 billion, while the management consulting market is expected to grow 8.5% in 2021 to reach $256 billion.
