#USA #Washington D.C. #BRG #strategic investment #TowerBrook Capital

TowerBrook Capital Partners Expands Its Portfolio with BRG Investment

On February 27, 2025, TowerBrook Capital Partners L.P. declared its acquisition of a majority equity stake in Berkeley Research Group (BRG), a notable consulting firm based in Washington D.C. This strategic investment is expected to bolster BRG's growth trajectory, allowing it to leverage TowerBrook's extensive market knowledge and resources.

BRG's Established Reputation

Founded in 2010, BRG has swiftly ascended the ranks of consulting firms, known for its elite expertise in complex areas including economics, corporate finance, and investigations. With a robust team of over 1,600 professionals, the firm provides a wide array of services aimed at addressing the challenges faced by major law firms, government bodies, and corporations in various sectors such as healthcare and technology.

In just 15 years, BRG has managed to double its revenue every four years, establishing a premier brand in the consulting industry. As Tri MacDonald, CEO and President of BRG, expressed, the firm's success is fundamentally rooted in its multifaceted and entrepreneurial approach, which equips them to face varied and complex client needs.

Partnership with TowerBrook

The relationship between TowerBrook Capital and BRG marks a new chapter in this journey. TowerBrook, with over $22.5 billion in assets under management, is known for its commitment to investing in service-based businesses across North America and Europe. Walter Weil, Managing Director at TowerBrook, emphasized the synergy between both firms, noting that BRG’s distinctive culture and innovative growth strategies align perfectly with TowerBrook's vision for success.

This deal comes alongside Endeavour Capital's exit from BRG, which resulted from a successful partnership initiated in 2017, aimed at supporting BRG's organic growth initiatives. Under the ongoing leadership of Tri MacDonald, BRG intends to seize this opportunity to elevate its market position and exceed client expectations.

Financial Backing and Advisory Team

The transaction is supported by a consortium of financial institutions including the Royal Bank of Canada and Deutsche Bank, ensuring robust financing for the next phases of growth. Additionally, Jefferies served as a financial advisor to TowerBrook, while additional legal counsel was provided by Benesch, Friedlander, Coplan & Aronoff, LLP and Debevoise & Plimpton LLP.

As BRG prepares to enter this new stage with TowerBrook, the firm is poised to maintain its high standard of service that clients have come to expect. Experts believe that with TowerBrook's backing, BRG will not only expand its operational capabilities but will also enhance its service offerings, thereby addressing an even broader set of client challenges worldwide.

Looking Ahead

As the consulting landscape continues to evolve, BRG’s partnership with TowerBrook symbolizes an exciting growth opportunity that promises not just to expand both firms but to also redefine success in the professional services sector. With plans to implement innovative strategies and enhance operational efficiencies, both firms are committed to mutual growth and success.

With this investment, TowerBrook underscores its dedication to backing market leaders and reinforces its reputation as a responsible investor committed to fostering lasting growth. The coming years are anticipated to be pivotal for both firms as they embark on this promising journey together.