Teneo, a CEO advisory firm that also offers executive search services, acquired a majority stake in WestExec Advisors, a Washington DC-based advisory firm that provides geopolitical and policy expertise to business leaders.
The acquisition follows Teneo’s minority investment in WestExec in 2021 and enables it to expand its geopolitical and policy consulting.
“Now more than ever, business leaders around the world are faced with a constant barrage of geopolitical, economic, social and market disruption that impacts their operations, valuations and reputations,” Teneo CEO Paul Keary said. “The deepening of our relationship with WestExec through this transaction will keep Teneo at the forefront of these conversations with CEOs and their teams around the world.”
WestExec Advisors will continue to operate as an independent brand working in close partnership with the Teneo team.
“We are excited by the additional investment in WestExec — which is intended to accelerate growth as we build a larger advisory platform and seek to broaden and scale our robust offerings,” WestExec founder and managing partner Michèle Flournoy said.
Based in New York, Teneo was founded in 2011 and currently has more than 1,500 employees located in 40 offices around the world. In addition to CEO advisory and executive search services, Teneo provides strategic communications, investor relations management and cyber risk consulting, among other services.
In 2019, Teneo sold a majority stake to CVC Capital Partners at a total valuation of nearly $700 million.