Ankura strengthens global advisory services with Red Flag Global acquisition
Deal News | Feb 07, 2025 | PR Newswire Cision Ankura
Ankura Consulting Group has announced the acquisition of Red Flag Global, an acclaimed strategic communications and public relations firm. This acquisition aims to fortify Ankura's positioning as a leading provider of comprehensive solutions to clients grappling with complex business, regulatory, and reputational dynamics. Red Flag Global, with offices across Washington, Brussels, London, Dublin, and Cape Town, will be integrated into Ankura’s Global Strategic Advisory division, joining forces with entities like McLarty Associates and GreenPoint. This strategic move is envisioned to expand Ankura’s expertise, leveraging Red Flag's significant strengths in economic, political, media, and digital communication sectors. The announcement was made by Kevin Lavin, CEO of Ankura, who highlighted the synergy between the companies as well as the ability to deliver innovative strategies and results to a wide base of global clients. Red Flag CEO Karl Brophy expressed enthusiasm about joining Ankura, emphasizing the potential to capitalize on shared strengths in helping clients anticipate 'Red Flag moments' and navigate the global market landscape.
Sectors
- Consulting and Advisory
- Public Relations
Geography
- United States – Ankura is based in New York, and this deal involves its operations.
- Global – Red Flag Global operates from multiple locations including Dublin, Brussels, London, Washington, and Cape Town, indicating the international scope of the acquisition.
Industry
- Consulting and Advisory – The acquisition involves Ankura, a consulting and advisory firm, expanding its offerings with strategic communications and public relations services.
- Public Relations – Red Flag Global specializes in public relations and strategic communications, which are critical components of this acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ankura Consulting Group, LLC | Acquirer | Company | A leading global consulting and advisory firm providing expert services in strategy, transformation, and risk management. |
| Red Flag Global | Target Company | Company | An award-winning strategic communications and public relations firm. |
| Kevin Lavin | CEO | Person | Chief Executive Officer of Ankura Consulting Group. |
| Karl Brophy | CEO | Person | Founder and Chief Executive Officer of Red Flag Global. |
| Fernando Batlle | Head of Global Strategic Advisory | Person | Head of Global Strategic Advisory at Ankura. |