NEW YORK, Feb. 27, 2025 /PRNewswire/ -- TowerBrook Capital Partners L.P. ("TowerBrook") today announced a majority equity investment in Washington D.C.-based Berkeley Research Group ("BRG"), an industry-leading expert services and consulting firm.
Founded in 2010, BRG is a global consulting firm whose top-tier experts bring a diversity of real-world experience to economics, disputes, investigations, corporate finance, and performance-improvement services that address the most complex challenges for organizations across the globe.
Since its founding just 15 years ago, BRG has built a premier reputation and brand in the industry. It has achieved strong year-over-year growth, broadly doubling in revenue every four years. The firm now boasts more than 1,600 professionals serving the world's largest law firms, government agencies and corporations, with deep expertise across a variety of sectors including healthcare, energy, construction, technology, retail and financial services.
Tri MacDonald, Chief Executive Officer and President of BRG, stated: "BRG's incredible success in our first 15 years is rooted in our multi-disciplinary, entrepreneurial platform built with a best-in-class team of experts. We look forward to BRG's next chapter of growth in partnership with TowerBrook, a highly sophisticated and well-respected financial sponsor. TowerBrook is committed to and experienced in the professional services space, has known BRG well as a client for many years, shares our strategic vision and has the resources and relationships to help us drive profitable growth and success in the coming years."
"We are excited to partner with BRG and its management team," said TowerBrook Managing Director Walter Weil. "BRG's experienced team of experts, distinctive culture and innovative growth model have helped the company secure a strong market position. We believe TowerBrook's expertise and shared vision for success make us ideal partners to support BRG in its next phase of growth."
As part of the transaction, Endeavour Capital will exit its investment in BRG following several years of strong partnership and exceptional growth. Endeavour made a strategic investment in 2017 to support the firm's organic growth initiatives and partially redeem early seed investors.
BRG's executive management team will not change. Tri MacDonald will continue to lead the organization as Chief Executive Officer and President. David Teece will step down as Executive Chairman but will remain active as a professional within the firm.
Jefferies served as financial advisor to TowerBrook. Benesch, Friedlander, Coplan & Aronoff, LLP served as legal counsel to TowerBrook. Debevoise & Plimpton LLP served as debt financing legal counsel. Royal Bank of Canada leads a group including Deutsche Bank, Wells Fargo, TD, Jefferies, and Sumitomo Mitsui Banking Corporation that will provide committed financing on the transaction.
JP Morgan Securities LLC served as lead financial advisor and American Discovery Capital served as financial advisor to BRG. Kirkland & Ellis served as transaction counsel.
About BRG
BRG combines world-leading academic credentials with world-tested business expertise, purpose-built for agility and connectivity, which sets us apart—and gets our clients ahead.
Our top-tier experts and professionals bring a diversity of proven real-world experience to economics, disputes, and investigations; corporate finance; and performance improvement services that address the most complex challenges for organizations across the globe.
Our unique structure nurtures the interdisciplinary relationships that give us the edge, laying the groundwork for more informed insights and more original, incisive thinking from diverse perspectives that, when paired with our global reach and resources, make us uniquely capable to address our clients' challenges.
Visit thinkbrg.com to learn more.
About TowerBrook
TowerBrook Capital Partners is a middle market transatlantic investment firm co-headquartered in New York and London with over $22.5 billion assets under management. We are modern value investors focused primarily on services business in North American and Europe across four sectors: healthcare services, business services, consumer products and services, and FIG services. Our one team approach positions us to deploy transformational capital across our private equity, structured opportunities and impact growth strategies. TowerBrook takes an entrepreneurial, multinational, single-team approach and since inception in 2001, has invested in more than 110 companies on both sides of the Atlantic. TowerBrook is the first mainstream private equity firm to be certified as a B Corporation, demonstrating leadership in its commitment to responsible business practices. For more information, please visit www.towerbrook.com
About Endeavour
Endeavour Capital was founded in 1991 to be a patient source of capital and long-term partner to leading private businesses and management teams. Today, Endeavour Capital is investing its eighth fund and has offices in Los Angeles, Portland, Seattle, and Denver. Endeavour invests in Western U.S. based companies in partnership with founders, family owners and executives. The firm acts as partners and stewards, to help companies and their owners realize their potential, while preserving legacy and culture. For more information, visit endeavour.com.
Media Contacts:
For TowerBrook Capital Partners:
Brunswick Group
Alex Yankus / Clare Pickett
+1 (917) 818-5204
TOWERBROOKCAPITAL@brunswickgroup.com
For BRG:
Amy Kingdon
Vice President of Marketing
+1 (510) 874-5976
akingdon@thinkbrg.com
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SOURCE TowerBrook Capital Partners L.P.
