Seward & Kissel LLP represented GCP and Sigma7 in the transaction.
Veteran risk management executive, Andrew Hersh, in partnership with middle market private equity firm Growth Catalyst Partners (GCP), announced today the launch of Sigma7, a risk services company founded to support large organizations facing today’s dynamic environment of complex risks.
Sigma7 will integrate the services of leading specialized risk services firms to build a comprehensive platform in service of companies across industry sectors, risk domains and global locations. Three initial acquisitions have been closed: Strategia Worldwide, focused on risk strategy, Paragon, a market leader in risk engineering services, and RWH Myers, forensic accounting and loss recovery experts.
The foundational acquisitions give Sigma7 an installed client base of over 300 large global businesses and 150 employees operating in 9 countries across 5 continents. The new firm intends to scale rapidly through acquisition and organic growth, adding best-in-class capabilities, and applying modern technologies to give companies the real-time capability of visualizing and quantifying their exposures and valuing the effectiveness of their controls and coverages.
Sigma7 aims to help complex businesses contextualize and manage risk, integrating risk preparation and response with business strategy, creating resilience and ultimately, competitive advantage.
Canaccord Genuity provided advisory services in Sigma7’s formation and initial acquisitions.
Growth Catalyst Partners is a middle market private equity firm investing in information, marketing and tech-enabled services businesses.
The Seward & Kissel team was led by partners Nick Katsanos (Picture), Jim Abbott, Anne Patin and Jim Cofer, and counsel Beth Alter and Michael O’Brien.
Involved fees earner: James Abbott – Seward & Kissel; Beth Alter – Seward & Kissel; James Cofer – Seward & Kissel; Nick Katsanos – Seward & Kissel; Michael O’Brien – Seward & Kissel; Anne Patin – Seward & Kissel;
Law Firms: Seward & Kissel;