Stout, a global investment bank and advisory firm backed by Audax Private Equity (Audax), has acquired The Claro Group (Claro), a US-based, privately owned financial, economic, and management consulting firm.
Since 2005, Claro has helped executives and management teams analyse, control, and resolve difficult business challenges related to high-stakes litigation, insurance claims, corporate recovery, and other economic and financial matters.
Claro’s team of 92 professionals have now joined Stout, led by its Chairman John Cadarette, who has been named as co-president of Stout’s Disputes, Claims, & Investigations group. Joining Stout will be 21 managing directors located in Chicago, Houston, Los Angeles, and Washington DC. Claro’s team of Claims experts will bring new capabilities to Stout, adding decades of experience in resolving complex current market and legacy long-tail liability insurance claims. Claro will also add capabilities in the areas of economic consulting and restructuring.
The deal represents Stout’s fourth acquisition since Audax invested in the company in November 2021.
Winston & Strawn LLP served as legal counsel to Stout. Brownstein Hyatt Farber Schreck, LLP served as legal counsel and American Discovery Capital, LLC acted as financial adviser to Claro.
