AlixPartners, a worldwide consulting firm, today announced it has acquired Freeh Group International Solutions LLC (FGIS), a global risk management firm, expanding its international investigations practice in Europe and the US.
The transaction, effective immediately, sees FGIS team members joining AlixPartners and is complementary to the firm’s investigations, compliance, and cybersecurity capabilities.
The acquisition will add a new AlixPartners office in Wilmington, Delaware. As part of this transaction, Louis J. Freeh will step down as Senior Managing Partner of the affiliated law firm of Freeh Sporkin & Sullivan, LLP, and will no longer practice law.
Founded by former FBI Director and former federal judge Louie Freeh in 2007, FGIS professionals serve a diverse range of organizations across a variety of industries, working to reduce risk in today’s increasingly complex global marketplace. FGIS’ team of 24 professionals led by Louie Freeh and Jim Bucknam who serves as President and CEO, and includes former senior law enforcement officials, legal consultants, accountants, and security and compliance experts.
Simon Freakley, CEO, AlixPartners, commented: “I am very pleased to welcome Louie and his exceptional team to AlixPartners, where he will be a Vice Chairman and serve on AlixPartners’ Management Committee. AlixPartners, and I personally, have known Louie, Jim, and FGIS for many years and hold them in the highest regard. FGIS has a stellar reputation and track record in high profile investigations.
“Furthermore, our approach to our people and our clients is similar, providing “hands-on” services, tackling the most complex, difficult problems, and making timely decisions when it really matters. This exciting transaction reflects AlixPartners’ strategy of continually evaluating appropriate acquisitions which bring value to our clients,” he added.
Louie Freeh, Founder and Chairman of FGIS, said: “All of us at FGIS are excited to join the team at AlixPartners, one of the most respected global consulting firms. AlixPartners’ broad, global investigations platform and our collective deep relationships in the legal and enforcement worlds will enable us to serve an ever growing roster of clients in what is set to be a very busy time for our services. When we eventually emerge from the Covid-19 crisis, demand for our investigations expertise is certain to rise significantly. Together, we look forward to continue helping our clients solve their most complex and critical investigations.”