CHICAGO, Jan. 7, 2015 (GLOBE NEWSWIRE) -- Houlihan Lokey, the international investment bank, today announced that it has acquired Bridge Strategy Group (Bridge) following a strategic investment announced in August. Bridge is a Chicago, Illinois-based management consulting firm focused on strategy, operations, and performance improvement. Terms of the transaction were not disclosed.

The Bridge team will form Houlihan Lokey's Strategic Consulting business, led by Bridge CEO Steve Sheridan. As a new business line, Strategic Consulting will sit alongside the firm's other major businesses which include Corporate Finance, Financial Restructuring, and Financial Advisory Services.

"Our expectation from the outset was that the value proposition of the partnership for both firms, and especially for our respective clients, would prove itself quickly, and it has," said Scott Beiser, CEO of Houlihan Lokey. "The client response has been overwhelmingly positive, and as a global investment bank with a management consulting platform of this size and scale, we are able to offer clients a genuinely unique suite of services that help us address a much broader array of challenges," he continued.

"The partnership has been fantastic, but clearly the opportunities and depth of client service will grow substantially following the establishment of Strategic Consulting at Houlihan Lokey," said Mr. Sheridan. "Bridge has always taken an integrated approach to our clients' challenges, and so does Houlihan Lokey across its businesses in delivering superior client service. We're excited to be part of that effort and provide our clients with access to the full power of the combined suite of services we can now deliver," he added.

Bridge was founded in 1998 by alumni of McKinsey & Co. to work with boards, senior management teams, and financial sponsors in addressing critical issues that often require a unique blend of strategic, operational, organizational, and technology solutions. The firm has traditionally focused on serving large- and mid-cap corporates as well as financial sponsors.

"My experience with Bridge is that they are nimble, deeply engaged with the client and intensely focused on results – an excellent fit with an independent advisory firm like Houlihan Lokey, which shares a similar client approach," said Larry Morse, former President and CEO of American Hotel Register Company and a Bridge client. "I have no doubt that Strategic Consulting will be tremendously valuable to Houlihan Lokey's clients, particularly in the private equity sector where portfolio companies at various stages of growth present unique opportunities and challenges," he continued.

About Houlihan Lokey

Houlihan Lokey is an international investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, and Asia. Independent advice and intellectual rigor are hallmarks of our commitment to client success across our advisory services. Houlihan Lokey is ranked as the No. 1 M &A advisor for U.S. transactions under $3 billion, the No. 1 global restructuring advisor, and the No. 1 M &A fairness opinion advisor for U.S. transactions over the past 10 years, according to Thomson Reuters. For more information, please visit www.HL.com.

For press inquiries, contact John Gallagher at 212.497.4220.

CONTACT: John Gallagher 212.497.4220Source:Houlihan Lokey Howard& Zukin