NEW YORK CITY—Savills Studley has agreed to acquire KLG Advisors the management consulting firm. Founded in 1993, the company provides strategic location and workforce advisory services to large companies.
KLG advises across diverse industry sectors and has served MetLife, Time Warner, NYSE, Pfizer, AXA Equitable, Citigroup, Fidelity Investments, Computer Associates, UBS and Goldman Sachs, among other clients.
The firm's services include location strategy, evaluation and selection, workforce optimization, public sector incentives, and a variety of corporate real estate advisory services, including portfolio evaluation and realignment. KLG's existing employees, half a dozen professionals all based in New York, will move into Savills Studley's New York City offices.
Mitchell Steir, CEO and chairman of Savills Studley, observes, "KLG has the finest reputation among real estate advisory firms, providing unmatched analytical services combined with profound strategic guidance to some of America's most successful companies."
Doane Kelly, founding principal of KLG, explains that, "KLG has received many overtures over the last two decades, but in the end there was really only one place where our intellectual capital could be effectively leveraged, and that was Savills Studley.”
Both firms share a focus on occupiers, histories of passionate client advocacy, and a commitment to unconflicted advice delivered to the C-suite.
Adds Savills Studley's president Michael Colacino, "Everyone who works with Doane and his team forms the same impression: they are very smart, very skilled, and they possess the highest integrity."
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
