Savills Studley Acquires Management Consulting Firm, KLG Advisors
New York, NY (March 20, 2015)  

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."

About Savills Studley

Savills Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, the firm pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, supported by high quality market research and in-depth analysis, Savills Studley provides strategic real estate solutions to organizations across all industries. The firm’s comprehensive commercial real estate platform includes brokerage, project management, capital markets, consulting and corporate services. With 29 offices in the U.S. and Canada, and a heritage of innovation, Savills Studley is well known for tenacious client advocacy and exceptional service.

The firm is part of London-headquartered Savills plc, the premier global real estate service provider with over 30,000 professionals and over 700 locations around the world. Savills plc is listed on the London Stock Exchange (SVS.L).

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