Houlihan Lokey Advises Global Risk Management Solutions

Houlihan Lokey is pleased to announce that Global Risk Management Solutions (GRMS), a premier provider of supplier risk management programs based in Irvine, California, has been acquired by Achilles Information Ltd. (Achilles), a global leader in supply chain risk and performance management based in Abingdon, England.

GRMS is a recognized leader in providing customizable supplier risk management programs in more than 120 countries worldwide. Leveraging an advanced technology platform, GRMS offers companies the ability to proactively manage and continuously monitor their suppliers for key areas of risk. GRMS’ services include the adjudication of data, collection, physical review, and verification of documents. GRMS also includes a support system that assists suppliers in obtaining compliance with a client’s unique requirements. Since 2010, GRMS has served a global clientele of companies and organizations ranging from midsized businesses to Fortune 500 companies.

Achilles is a global leader in supply chain risk and performance management, connecting suppliers and buyers across industries to drive business performance and ensure compliance with international standards. Active in more than 100 countries, Achilles helps businesses reduce risk, improve sustainability, and increase efficiency in their supply chains.

The acquisition of GRMS strengthens Achilles’ position as a global leader in supply chain risk management, enabling it to deliver even greater value to organizations seeking to address the complexities of supply chain risk management, compliance, and performance. With the addition of GRMS’ expertise in automated document management, digital insurance verification, and real-time risk monitoring, the Achilles platform will now offer unparalleled insights and tools to enhance supplier relationships; mitigate a broad spectrum of risks, including financial stability, ESG, health and safety, geopolitical risk, cybersecurity, compliance, adverse media, and decarbonization; and build high-performing supply chains.

“GRMS has built an outstanding reputation for delivering excellence in supplier risk assessment,” said Paul Stanley, CEO of Achilles. “This acquisition enhances our ability to provide unparalleled value to our customers by combining our global reach with GRMS’ deep understanding of supplier risk management in the U.S. market.”

“GRMS has been providing supply chain risk services to large U.S. clients for 14 years,” said Gerard Smith, Co-Founder and President of GRMS. “Joining Achilles represents an incredible opportunity to expand the reach of our innovative supplier risk solutions. Together, we will elevate the standards for supply chain risk management while continuing to deliver the high-quality services our clients have come to rely on.”

Houlihan Lokey served as the financial advisor to GRMS.

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