Investcorp acquires a majority stake in CrossCountry Consulting

Investcorp acquires a majority stake in CrossCountry Consulting

Investcorp, a global alternative investment firm, acquires a majority stake in CrossCountry Consulting, an independent provider of specialized financial and accounting advisory services in the United States.

This acquisition will expand CrossCountry’s geographic presence and service offerings.

“In an environment of increasingly complex financial and accounting standards and increased market uncertainty, there is a growing trend of outsourcing finance and accounting services to specialist advisory firms such as CrossCountry.In this fast-growing environment, we believe CrossCountry is well-positioned to continue to grow rapidly and gain market shares. We look forward to leveraging our expertise in investing and creating value in professional services firms to help CrossCountry in its next phase of growth,” Ali Alrahma, Private Equity Specialist for Investcorp’s Private Wealth, said.

Earlier this year, Investcorp announced the launch of eLydian Lion, the first dedicated institutional blockchain fund based in the GCC, with a global investment mandate.

CrossCountry was founded in 2011 and it provides accounting, finance, risk, operations, cybersecurity, and technology-enabled transformation solutions for the offices of chief financial officers in public and private organizations.

If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.