Press release

Equiteq advises Economics Consultant Economists Incorporated on its sale to Secretariat

July 02, 2021

Equiteq is pleased to announce that it has advised Economists Incorporated (Economists Inc), specialists in economics consulting and litigation support, on its acquisition by Secretariat, the global expert services and litigation consulting firm. 

Economists Incorporated is the premier consulting firm in microeconomics, law and economics, public policy, and business strategy. Founded in 1981 in Washington, DC, Economist Inc has been engaged on many of the highest litigation matters and economic consulting assignments. The firms’ PhD-qualified experts are regularly engaged by AmLaw 200 law firms, global corporations in almost every sector, government agencies and trade associations. 

Secretariat is a leading global independent expert services and litigation consulting firm. Serving a range of international clients, specializing in international arbitration and litigation; economic damages; valuations; forensic accounting; government contracting; and large-scale construction disputes with a focus on delay and quantum analysis. Headquartered in Atlanta, Secretariat operates from multiple offices across North America, Europe, Australia, Asia and the Middle East.

With the acquisition, Secretariat expands its offerings with the creation of a new Economic Analysis, Analytics & Strategy practice, and adds expertise from more than 50 professionals. The addition will support Secretariat’s continuing diversification and growth in the US and international litigation consulting markets.

Secretariat Managing Director Don Harvey said: “The depth of expertise and quality the Economists Inc team brings is second to none. And, perhaps most importantly, when we had a chance to look closely and see how our teams would work together, the similarities in culture and shared values became obvious.”  

Economists Inc. President and CEO Jonathan Walker commented: “As we looked at ways to elevate our service capabilities, expanding our international reach and accelerating our recruitment efforts were foremost in our minds. The benefits of bringing Secretariat’s and EI’s services together became evident right from the start of our conversations. The combination will open new doors for EI professionals in areas like international arbitration and it will bolster Secretariat’s presence in the domestic US litigation market.”

Equiteq acted as sole financial advisor to Economists Incorporated. Regarding Equiteq’s role in the transaction Jonathan Walker, President of Economists Incorporated said: “Equiteq’s extensive track-record and expertise in advising businesses in our space, global platform, and bespoke approach to M&A differentiated Equiteq against a range of other well-regarded investment banks. The Equiteq team effectively guided us through the complexities of the transaction process and presented us with a range of strategic options at each stage. We are thrilled with the outcome that they helped us to achieve and, crucially, the home that they found us at Secretariat to help service our clients and grow our team.”

Adam Tindall, Managing Director at Equiteq said: “It has been a privilege to have advised the Economists Inc team on this transaction with Secretariat. We recognized very early on in our relationship that EI’s long heritage, stellar reputation, high-caliber personnel, and strong culture set the business apart as a rare and valuable asset. We wish the combined team great and long-lasting success.”

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