Resolution Economics buys HR consultancy Berkshire Associates

Resolution Economics (ResEcon), a Los Angeles-based economic consulting firm, has acquired Berkshire Associates, a Columbia, MD-based human resources consulting and technology firm.

Founded in 1983, Berkshire was one of the first companies to establish an automated solution for affirmative action plans (AAP). The firm today delivers outsourced AAP consulting and software services, compensation analysis, Equal Employment Opportunity and other HR compliance-related services.

Berkshire has more than 80 employees, according to LinkedIn.

ResEcon’s acquisition of Berkshire will strengthen its human capital strategy group. Beth Ronnenburg, president of Berkshire, will continue to lead her team. Berkshire will also continue to operate under its corporate name.

“I have known the leaders of Berkshire for many years, and look forward to working with them on a number of important service initiatives for our combined company,” said Victoria Lipnic, leader of ResEcon’s human capital strategy group. “Berkshire has positioned itself to meet the increasing market demand for Industrial-Organizational Psychologists in human capital consulting. They are consummate professionals who provide the highest level of quality service to their 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 more than 130 people, according to LinkedIn, and offices in Los Angeles, Chicago, New York, Charlotte, NC, and Washington, DC.

“There is a great cultural fit between Berkshire and ResEcon, and we see valuable opportunities to learn from each other’s successes and to offer some very important and interesting new services to our clients,” Ronnenburg said. “It is exciting to become part of a firm focused on consistently improving client engagement and supporting Berkshire’s growth.”

ResEcon was in January 2020 acquired by Levine Leichtman Capital Partners (LLCP) and existing management team members. Based in Los Angeles, LLCP focuses on middle market firms in franchising, professional services, education, and engineered products, and has managed approximately $13.1 billion of capital since its founding in 1984.