Just as a company's management team should offer a wide range of expertise, Management Consulting Group (MCG) provides a diverse set of consulting services through its operating subsidiaries. Alexander Proudfoot, MCG's original business founded in 1946, helps clients improve operations by increasing productivity or reducing costs. Kurt Salmon offers consulting services to retailers, health care, energy, and utilities companies and also improves finance functions for public and private clients in the finance and manufacturing sectors. MCG has operations worldwide, but the majority of its sales come from Europe and the Americas.
In response to the sluggish economy, MCG has been feverishly working to restructure its operations in order to lighten its debt load and boost its operational efficiency. In early 2011, MCG merged Ineum Consulting, a former subsidiary that provided support functions for accounting and financial services firms, with its Kurt Salmon subsidiary.
Later in the year, the company increased its presence in a vital global market when it acquired Vertical Retail Consulting Limited and Vertical Retail Consulting Hong Kong Limited, two firms catering to the retail and consumer goods industries in China.
Overall MCG experienced a 5% drop in revenue from 2009 to 2010 ($440 million to $418 million), but its net income skyrocketed from $2 million to more than $14 million over that same time period.
BlueGem Capital Partners owns 26% of MCG; Henderson Global Investors, 20%. – less