A Year End Update on the LIBOR Transition
Combination reinforces Sia Partners as a leading New York financial services consulting firm.
Sia Partners, a leading international independent management and AI consulting firm, announced today the acquisition of the Gartland & Mellina Group (“GMG”), a management consulting firm focused on financial services and $23 million of revenues in 2018. GMG has offices in New York, where it currently employs 100 consultants, as well as in Chicago, Baltimore, and Toronto. The combined revenues of Sia Partners in the U.S. and GMG totaled $60 million in 2018 on a pro forma basis.
GMG’s Managing Partners John Gustav, Eric Blackman, Bharat Sawhney, and Kavita Nar will join Sia Partners’ U.S. management team under the leadership of Dan Connor, CEO U.S. of Sia Partners. GMG Chairman and CEO Robert Gartland will continue to support the company in the coming months as a Senior Adviser. Vikram S. Pandit, former CEO of Citigroup and a GMG shareholder, will provide near-term strategic advisory support.
“This transaction establishes Sia Partners as a leading consulting player in the U.S. banking market with a flagship New York practice and 220 expert consultants,” said Matthieu Courtecuisse, Founder and CEO of Sia Partners. “It also strengthens our global banking practice, now with more than 450 consultants advising half of the Global Systemically Important Banks.”
“After having grown GMG over a decade to become a leading management consulting practice in the financial services sector, we are excited for the firm to join Sia Partners. We have been impressed by the team’s track record and are convinced that Sia Partners’ pioneer Consulting 4.0 approach will help further expand and diversify our existing client portfolio,” said Robert Gartland, Chairman, and CEO of GMG, and Albert Mellina, Vice Chairman and Managing Partner of GMG, in a joint statement.
“This combination of two pure consulting players with a strong financial institutions focus is a natural one, as GMG’s client portfolio and team expertise seamlessly complement Sia Partners’ existing capabilities in the U.S. GMG will help Sia Partners achieve its goal of over 500 consultants in the U.S. in less than three years,” said Dan Connor.