Sigma7

Canaccord Genuity Advises Sigma7 on its Formation, Initial Acquisitions, and Investment from Growth Catalyst Partners

Company Completes Three Initial Acquisitions to Launch a New Specialized Risk Services Firm
 
Canaccord Genuity is pleased to announce it has advised Sigma7 on its formation, initial acquisitions, and investment from private equity firm Growth Catalyst Partners. Sigma7 is a risk services company founded to support large organizations facing today’s dynamic environment of complex risks. The company will integrate the services of leading specialized risk services firms to build a comprehensive platform in service of companies across industry sectors, risk domains, and global locations.  
 
Sigma7 is building a new kind of risk services model that is unconflicted, comprehensive, and focused on measurable business outcomes. Three initial acquisitions have been closed:

• Strategia Worldwide, focused on risk strategy
• Paragon, a market leader in risk engineering services
• RWH Myers, forensic accounting and loss recovery experts​​​​​​​

The three foundational acquisitions give Sigma7 an installed client base of more than 300 large global businesses and 150 employees operating in nine countries across five continents. The new firm intends to scale rapidly through acquisition and organic growth, adding best-in-class capabilities and applying modern technologies to give companies the real-time capability of visualizing and quantifying their exposures and valuing the effectiveness of their controls and coverages. The total global market for risk services is estimated at more than $400 billion in size and is growing rapidly, outpacing growth in general management consulting. An evolving risk landscape, including threats from geopolitical volatility, cyber attacks, and global health risks, is increasingly on the agenda for executive leaders and board directors.

Sigma7 is led by Andrew Hersh, a veteran risk management executive. Prior to founding Sigma7, Hersh held senior executive risk advisory roles at leading firms, including Lockton Companies, Aon, and Marsh, and is an industry delegate to several public/private partnerships focused on national security and critical infrastructure. The company’s leadership also includes Chuck Bralver, co-founder of management consultancy, Oliver Wyman & Company, and General Sir Richard Shirreff, former Deputy Supreme Commander of NATO and a globally recognized expert on security and risk strategy. Sigma7 is dually headquartered in New York City and London.

Growth Catalyst Partners (GCP) is a middle-market private equity firm investing in information, marketing, and tech-enabled services businesses. GCP’s strategy involves targeting growth segments of industries and identifying and building market-leading companies with breakout potential. GCP partners with company founders and owners along with top executives within those industries, and provides capital, proprietary deal origination, and operating expertise to the management teams. GCP’s team has deep sector expertise and has led hundreds of transactions and successful investments in services businesses for more than 20 years. Since the firm’s founding in 2015, GCP has completed more than 60 acquisitions across its 11 industry-leading platform companies.

​​​​​​​Canaccord Genuity, with a team led by Anil Kuruganti and Amy LaBan, served as the exclusive financial advisor to Sigma7.