Berkeley Research Group Divests Non-Core Service Line
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Divestment illustrates BRG’s strategy to regularly review its service offerings to drive business growth and deliver exceptional client service
Transaction enhances focus on growth of core BRG services
BRG announced today that it has divested certain non-core assets as part of its strategy to position itself for its next decade of growth.
BRG signed a binding agreement to sell certain assets related to its non-US Global Investigations business to J.S. Held, LLC (“Held”). The agreement includes the transfer of approximately 30 people, representing a small percentage of BRG’s global headcount. The transaction is effective May 1, 2021. In certain jurisdictions, there will be a brief transition services period before engagements and personnel are transferred to Held. Active and ongoing client engagements will be performed without disruption or delay.
“We’re constantly looking for ways to best position our business and deploy resources in a way that focuses BRG’s offerings for our clients and for growth,” said BRG Principal Executive Officer Tri MacDonald. “At this juncture of our growth and development, following on our strongest-ever quarter, we are pleased to have taken a step to align our business for the next decade of success.”
This announcement follows a December 23, 2020, announcement regarding the appointment of Dr. David J. Teece as executive chairman and MacDonald as principal executive officer.
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