Morrow Sodali, a global shareholder engagement and governance advisory company, has announced the acquisition of strategic communications consultancy, Powerscourt.
The sale of Powerscourt to Morrow Sodali, backed by TPG Growth, provides a platform for the creation of a full-service advisory and shareholder services practice across Europe.
SI Partners has worked with the shareholders of Powerscourt on their strategic growth plan for the last 10 years, culminating in acting as lead advisor on the sale to Morrow Sodali.
Founded in 2004, Powerscourt has 75 employees based in London and Dublin advising over 170 clients and holds a top five market position based on FTSE 100 clients. One of London’s pre-eminent communications firms, it specialises in financial & capital markets communications, corporate campaigning, ESG advisory and political affairs. It is also the go-to adviser for clients facing reputational challenges and corporate crises.
Powerscourt’s senior management team, led by founder & CEO Rory Godson and Managing Partner Victoria Palmer-Moore, will remain with the business to help build out the European platform.
Rory Godson, CEO of Powerscourt, said: “Major shifts in technology, finance, climate and geopolitics have combined to challenge the traditional communications consultancy model. In the battle for beliefs, the team at Powerscourt will be able to deliver a far broader range of services and a deeper perspective for boards, leadership teams and public figures.
“This is a great deal for our colleagues: the strong cultural alignment between our two firms is incredibly important – it allows us to retain what is special about Powerscourt while giving us an exciting opportunity to play a major role in the Morrow Sodali growth story.”
Read what Rory Godson, CEO of Powerscourt, had to say about the experience.
Christian Sealey, CEO International, Morrow Sodali, said: “Corporates are operating in an increasingly complex business environment, with heightened levels of stakeholder scrutiny and reputational challenge. Powerscourt is an outstanding business with an impressive track record. This acquisition is a significant development for Morrow Sodali and a key part of our global strategy to create a unique, highly differentiated, full-service proposition that no other adviser can match.”
Morrow Sodali is majority-owned by TPG Growth, the middle market and growth equity platform of TPG. It works with over 1,000 corporate clients in more than 80 markets worldwide on a range of-critical issues. Headquartered in New York, Morrow Sodali has more than 450 colleagues working across 14 international offices.
