Ankura Enhances Global Reach with Red Flag Global Acquisition
Deal News | Feb 06, 2025 | PR Newswire Cision Ankura
Ankura Consulting Group has announced the acquisition of Red Flag Global, a strategic communications and public affairs agency. The acquisition is aimed at bolstering Ankura's capabilities in providing comprehensive solutions to clients confronting complex business and regulatory challenges. Red Flag Global, recognized for its expertise in strategic communication, will complement Ankura's multidisciplinary offering, enhancing their ability to deliver results in areas such as campaign management and public affairs. Founded in 2013, Red Flag operates across various global hubs, including Washington, DC, London, and Cape Town, and will be integrated into Ankura's Global Strategic Advisory business. This combination is positioned to offer unique, client-focused solutions by incorporating commercial diplomacy and geopolitical advisory strengths from Ankura’s existing entities such as McLarty Associates and GreenPoint. Leaders from both organizations express optimism about delivering enhanced strategies and insights for their clients.
Sectors
- Strategic Communications
- Public Affairs
- Consulting
Geography
- United States – Ankura is based in New York, and Red Flag Global operates an office in Washington, DC, highlighting the U.S. presence.
- United Kingdom – Red Flag Global operates a location in London, indicating activity in the UK market.
- Ireland – Red Flag Global has its operations in Dublin, which indicates its presence in the Irish market.
- South Africa – Red Flag Global operates in Cape Town, highlighting its operations in South Africa.
- Belgium – Red Flag Global maintains an office in Brussels, which positions it within the EU’s political hub.
Industry
- Strategic Communications – This industry involves crafting and conveying messages to stakeholders to influence perceptions and behaviors, which is a central focus in Red Flag Global's operations.
- Public Affairs – Involves managing relationships with stakeholders in the public sphere, including regulatory bodies, which is a core service offered by Red Flag Global.
- Consulting – Encompasses providing expert advice to businesses on management and strategy, a service offered by Ankura Consulting Group.
Financials
- – No specific financial details such as the acquisition price or revenue figures were disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ankura Consulting Group | Buyer | Company | A global expert services and advisory firm that delivers end-to-end solutions. |
| Red Flag Global | Target | Company | A strategic communications and public affairs agency with global operations. |
| Kevin Lavin | CEO | Person | Chief Executive Officer of Ankura. |
| Fernando Batlle | Head of Global Strategic Advisory | Person | Leading Ankura's Global Strategic Advisory business. |
| Karl Brophy | CEO | Person | Founder and CEO of Red Flag Global. |