New Delhi, Aug 28 : The Boston Consulting Group (BCG) on Friday announced that it had acquired a minority stake in TSG Consulting.
The size of the stake and the investment were not disclosed.
An exclusive strategic partnership between the two firms will bring leading-edge advanced modelling capabilities to a broader range of clients worldwide, according to both firms.
TSG Consulting, with a heritage in mining and resources, was formed in 1999 to model mining capital investments. Today, its capabilities-which extend across capital and operations modeling in mining and resources, health care, and transportation, as well as emerging experience in telecommunications, manufacturing, and building materials.
“TSG has helped its clients save billions of dollars by improving capital investment decisions, removing bottlenecks, and improving throughput,” said Simon Miller, a BCG partner based in Sydney.
“We’ve successfully worked with TSG on many engagements and are delighted to make this investment today and to extend this offering to our clients,” he added.
TSG will continue to operate independently and serve its existing clients but will increasingly work jointly with BCG teams to enhance the value that BCG and TSG can deliver together, added Miller, who will join TSG’s board as a nonexecutive director.
Craig Stewart, TSG’s managing director based in Brisbane, said, “We’re excited to be joining the broader BCG family and look forward to using our capabilities to support BCG’s clients globally.”
TSG will continue to serve clients from its network of four offices in Brisbane, Melbourne, Perth, and Santiago.