APCO Worldwide buys consulting firm Global Philanthropy Group

APCO says the deal will boost its social impact and sustainability capabilities.

APCO founder and executive chairman Margery Kraus.
APCO founder and executive chairman Margery Kraus.

WASHINGTON: APCO Worldwide has acquired consulting firm Global Philanthropy Group. 

The Los Angeles-based consultancy works with corporations, foundations and charitable organizations to implement philanthropic strategies and programs and helps high-net-worth individuals and celebrities manage their charitable efforts. 

GPG offers strategy development, implementation, advocacy, communications, legal, tax and governance structure support, trust and estate planning, human rights record verification and fundraising and event work, among other services.

The firm will be a part of APCO’s impact and sustainability group, which is led by Denielle Sachs, who founded the Tembo Group, a New York social impact advisory firm that APCO bought last year. Financial terms of the deal were not disclosed.

“This added strength will further extend our work on social and environmental issues, from racial justice and women’s empowerment to climate and [environmental, social and governance],” said APCO founder and executive chairman Margery Kraus in a statement. 

GPG founder Trevor Neilson will stay with the organization, as will staffers Stephanie Green, Kelly Chrystal, Szena Dayo, Amanda Shadiack, Kika Chatterjee and Faiza Riaz. GPG will retain its branding for the time being, according to an APCO spokesperson. None of the agency’s staffers will be made redundant. 

The deal follows APCO’s November 2020 acquisition of TWC Associates, a boutique London-based business strategy consultancy, and its partnership with advisory firm Erie Street, inked in February of last year.

In September, APCO also reorganized its U.S. operations, creating four regional growth and innovation hubs.

APCO’s 2019 revenue grew 6% to $142.3 million in 2019, according to PRWeek’s Agency Business Report 2020.

This story was updated on January 14 with additional information. 

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