TowerBrook Capital Partners L.P. has announced a majority equity investment in Berkeley Research Group (BRG), a prominent consulting firm based in Washington D.C. Established in 2010, BRG specializes in expert services across various sectors, including economics, corporate finance, and performance improvement.
Over its 15 years of operation, BRG has gained a strong reputation, doubling its revenue approximately every four years. The firm now employs over 1,600 professionals and serves major law firms, government agencies, and corporations worldwide, with expertise spanning healthcare, energy, technology, and more.
Tri MacDonald, CEO and President of BRG, expressed enthusiasm about the partnership with TowerBrook, highlighting their shared strategic vision and TowerBrook's commitment to the professional services sector. He believes this collaboration will drive BRG's growth and success in the future.
TowerBrook Managing Director Walter Weil echoed this sentiment, praising BRG's innovative growth model and strong market position. He emphasized that TowerBrook's experience and vision align well with BRG's goals, making them ideal partners for the next phase of growth.
As part of this transaction, Endeavour Capital will exit its investment in BRG after several years of successful partnership. Endeavour initially invested in 2017 to support BRG's growth initiatives and to help redeem early investors.
The executive management team at BRG will remain unchanged, with Tri MacDonald continuing as CEO and President. David Teece will step down as Executive Chairman but will still be involved with the firm.
Financial advisory roles were filled by Jefferies for TowerBrook and JP Morgan Securities for BRG, with various legal counsels involved in the transaction. Royal Bank of Canada, along with other banks, will provide financing for the deal.
BRG is known for combining academic credentials with practical business expertise, allowing it to tackle complex challenges for clients globally. Its unique structure fosters interdisciplinary collaboration, enhancing the quality of insights and solutions offered.
TowerBrook Capital Partners, co-headquartered in New York and London, manages over $22.5 billion in assets. The firm focuses on middle-market investments in North America and Europe, particularly in healthcare, business services, consumer products, and financial services. Since its inception in 2001, TowerBrook has invested in over 110 companies and is recognized as a B Corporation for its commitment to responsible business practices.
Endeavour Capital, founded in 1991, aims to be a long-term partner for private businesses and management teams, providing patient capital to support their growth.
