Apex Group has acquired Greenough Consulting Group (GCG), a California-based finance and accounting services provider, in its latest move to further expand its presence in the US.
The addition of the GCG business will provide Apex a new office with over 50 employees, taking the Group’s headcount in the Americas to nearly 600 staff.
For more than two decades, GCG has served over 800 clients, including more than 200 venture capital and alternative investment funds, and over 600 technology companies.
Following the acquisition, GCG’s clients will benefit from Apex’s global, cross-jurisdictional reach and range of additional services including digital banking, global compliance solutions and ESG ratings and advisory. In addition, GCG will be able to access new markets through Apex’s operating model.
“Growth across the Americas is a strategic priority for us and GCG is a natural fit for our business having demonstrated a commitment to innovation, and a strong track-record in client satisfaction which has parity with our own priorities,” said Peter Hughes, founder and CEO of Apex Group.
“As part of the Apex Group, we can further support these clients as they evolve and grow, through access to our unrivalled density of products and cross-jurisdictional access. We look forward to welcoming the GCG team to the Apex family.”
The acquisition of GCG makes it the eighth deal announced by Apex following a spree of acquisitions by the Group in 2021.
Earlier this year, the global fund services provider closed the acquisitions of FundRock and GFin Corporate services. It also expanded its geographic presence through the takeover of fund administrators Tzur in Israel and mola-administration in Germany.
Apex is also in the middle of acquiring Mainstream Group in Australia, BRL Trust Investimentos in Brazil, and earlier this week, has submitted a $2 billion bid for private equity fund administrator Sanne.