Achilles Expands Supply Chain Capabilities with GRMS Acquisition
Deal News | Jan 07, 2025 | Bridgepoint
Achilles Information Ltd, a leading company in supply chain risk management, has acquired Global Risk Management Solutions (GRMS), based in Irvine, California. This strategic move is backed by Bridgepoint, Achilles' majority shareholder, and marks an important step in Achilles' strategy to expand its global footprint. The acquisition enhances Achilles' capabilities, particularly in the North American market, and integrates GRMS' expertise in automated document management and real-time risk monitoring into Achilles' platform. This integration will offer enhanced supply chain risk management, compliance, and performance solutions to a broad range of suppliers and buying organizations. With a combined database of over 200,000 suppliers and 675 buying organizations worldwide, this acquisition aims to provide unparalleled insights and facilitate high-performing supply chains. Furthermore, the acquisition underscores Achilles’ commitment to broadening its service offerings and accelerating innovation in supply chain sustainability.
Sectors
- Supply Chain Management
- Private Equity
- Technology
Geography
- United States – The acquisition enhances Achilles' presence in the North American market, particularly through GRMS which is based in Irvine, California.
- Canada – The acquisition strengthens Achilles' operations and capabilities in Canada, as mentioned in its strategic objectives.
- Europe – Achilles, backed by European private equity firm Bridgepoint, has its primary operational base in this region.
Industry
- Supply Chain Management – Achilles operates in the supply chain risk management sector, offering solutions for supplier performance and compliance.
- Private Equity – Bridgepoint, the PE firm backing Achilles, is a key participant in the acquisition, highlighting the investment dynamics of the sector.
- Technology – The acquisition involves significant technological integration, including digital insurance verification and real-time risk monitoring.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Achilles Information Ltd | Acquirer | Company | A global leader in supply chain risk and performance management. |
| Global Risk Management Solutions (GRMS) | Target | Company | A premier US provider of supplier risk management programs. |
| Bridgepoint | Private Equity Firm | Company | A private equity firm and majority shareholder in Achilles, supporting its strategic acquisition initiatives. |
| Paul Stanley | CEO of Achilles | Person | Chief Executive Officer of Achilles, commenting on the acquisition. |
| Gerard Smith | Co-founder and President of GRMS | Person | Co-founder and President of GRMS, providing insights on the strategic partnership. |
| Joe Fabiani | Co-founder and COO of GRMS | Person | Commented on the benefits of the acquisition for GRMS and its clients. |
| Matt Legg | Partner at Bridgepoint | Person | A partner at Bridgepoint commenting on investment in Achilles' strategic acquisitions. |