Savills Studley has reached a definitive agreement to acquire the highly respected management consulting firm KLG Advisors. Founded in 1993, KLG provides strategic location and workforce advisory services to large corporations, providing the "why" that informs the "where".
KLG advises across diverse industry sectors and has served MetLife, Time Warner, NYSE, Pfizer, AXA Equitable, Citigroup, Fidelity Investments, Computer Associates, and UBS, among other notable clients.
KLG'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, observed, "KLG has the finest reputation among real estate advisory firms, providing unmatched analytical services combined with profound strategic guidance to some of the America’s most successful companies."
Doane Kelly, founding principal of KLG, explained 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.
Savills Studley's president Michael Colacino, added "Everyone who works with Doane and his team forms the same impression: they are very smart, very skilled, and they possess the highest integrity."