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BDO USA Expands Crisis Management and Business Continuity Services with Lootok Acquisition
Friday 11 January 2019

11 January 2019 - US-based accounting and advisory firm BDO USA, LLP has closed the asset acquisition of New York, US-based crisis management and business continuity consulting and technology firm Lootok, BDO said.

The acquisition of Lootok bolsters BDO's proactive risk management capabilities, offering clients an end-to-end suite of services across the risk continuum.

Founded in 2006, Lootok integrates military models, cognitive science, design thinking and game theory with industry risk management standards to create new ways of understanding the disciplines of business continuity, crisis management, and enterprise risk management.

Lootok helps organisations of all sizes and industries transform their risk programs through risk assessment, program design, self-service technologies, and activity-based learning and engagement.

The acquisition of Lootok was effective as of January 1, 2019. Bentley Associates L.P., a New York based boutique investment bank, acted as Lootok's exclusive financial adviser on the transaction.

Lootok CEO Sean Murphy has joined the firm as managing director and will lead BDO's Crisis Management and Business Continuity practice.

The professionals of Lootok have also joined BDO and are now based in BDO's 100 Park Avenue office in New York City.
Date Published: 11/01/2019
Target: Lootok
Country: USA
Sector: Business and Consumer Services
Type: Corporate acquisition
Financing: Cash and Stock
Status: Closed
Terms of the deal were not disclosed