LOS ANGELES–(BUSINESS WIRE)–Resolution Economics, LLC (“ResEcon”) today announced the acquisition of Berkshire Associates (“Berkshire” or the “Company”). Financial terms of the transaction were not disclosed.
Resolution Economics is a leading specialist consultancy providing economic and statistical analysis to a variety of clients, including corporations and law firms, with expertise in labor and employment and analytical financial/accounting.
Based in Columbia, MD, Berkshire is a leading provider of outsourced Affirmative Action Plan (“AAP”) consulting and software services, compensation analytics, EEO and other services related to human resources compliance. Founded in 1983, Berkshire began as one of the first companies to establish an automated way to prepare PAAs, revolutionizing the PAA process for HR professionals nationwide. Over the years, Berkshire has expanded its range of services beyond PAAs to meet the changing needs of HR professionals with a range of products and services that include training, technology and software.
“We are extremely pleased to partner with Berkshire, a true industry leader,” said Ali Saad, Managing Partner at ResEcon. “There is a strong alignment between Berkshire’s and ResEcon’s strategic goals and vision for the future of our combined business.
Chairman Beth Ronnenburg will continue to lead Berkshire through ResEcon. Ms. Ronnenburg has been part of the Berkshire team for over 25 years and has helped shape Berkshire’s culture and make the company the market leader it is today. Berkshire will continue to operate under its corporate name.
“I am thrilled to have Berkshire partner with ResEcon as we look forward to our next stage of growth,” said Ms. Ronnenburg. “There is a great cultural fit between Berkshire and ResEcon, and we see valuable opportunities to learn from each other’s successes and offer very important and exciting new services to our customers. It’s exciting to be part of a company focused on constantly improving customer engagement and supporting Berkshire’s growth.
Victoria A. Lipnic, Head of ResEcon’s Human Capital Strategy Group and former Commissioner and Acting Chair of the U.S. Equal Employment Opportunity Commission, added, “I have known Berkshire executives for many years and look forward to working with them on a number of important service initiatives for our combined company. Berkshire has positioned itself to meet the growing market demand for industrial and organizational psychologists in human capital consulting. They are accomplished professionals who provide the highest level of quality service to their clients. »
About Resolution Economics
Founded in 1998, ResEcon is an employee-owned, private equity-backed consulting firm with offices in Los Angeles, New York, Chicago, Washington, DC and Charlotte, North Carolina. ResEcon is a leading provider of rigorous analytical services in the field of labor and employment. In addition to providing these services to support employer pay equity decision-making and the full spectrum of employment decisions, from hiring to firing, the company also provides DEI&A and ESG advice supported by l analysis through its Human Capital Strategy Group. ResEcon also has an outstanding track record of providing expert analysis and testimony in large-scale class action lawsuits, particularly in discrimination cases. In addition, the firm has the nationwide leading practice in processing wage and hour claims under state and federal laws, as well as advising businesses regarding their wage and hour practices. ‘hours. ResEcon’s forensic and accounting team provide analysis in a wide range of advisory situations to help companies understand their internal compliance circumstances and also provide expert assistance and testimony in the event of litigation.
Resolution Economics is a portfolio company of Levine Leichtman Capital Partners (LLCP).