BM&T announces acquisition of Interimconnect
Leading turnaround management firm BM&T has announced its acquisition of Interimconnect, the interim management provider.
Interimconnect is a network of around 1,600 senior and experienced interim managers covering all disciplines and all regions of the UK.
Its model sees the client directly contract and pay the interim, having hired them from an Interimconnect-prepared shortlist of candidates from the member network.
Mike Measures, the founder of Interimconnect, will be retiring at the end of the year following a handover period. The firm’s new Executive Administrator will be Victoria Morley.
BM&T CEO David Bryan said: “We have known Mike Measures and Interimconnect for many years and have worked in the network in the past. Mike has done a great job building the model over the years and we wish him well in his retirement.
“The Interimconnect model has many attractions to both clients and interim managers. We do not intend to make any changes to that.
“The success of the network depends on having a large, diverse database of quality interims as well as a broad base of referral clients. We intend to maintain and grow that and will strive to win as many assignments as possible.”
Mike Measures said: “I believe the wider BM&T European Restructuring Solutions network together with its international and private equity connections will help achieve growth.
“I am pleased that BM&T has acquired the business and am confident it will continue to grow and retain its place as the leading interim management provider.”
Interimconnect will continue to host network members meetings, with the first under BM&T ownership in London on Tuesday, 20th November. A number of regional meetings are planned around the UK in the New Year.
BM&T and its predecessor Glass & Associates have been engaged in transatlantic and European cross-border restructuring since 1997.
BM&T is a founding member of European Restructuring Solutions, a network of firms in the five major economies of Europe. It is also the European associate of leading US restructuring firm Conway Mackenzie. In 2013 and 2015 BM&T received TMA Europe’s Turnaround of the Year Award.
For more information contact David Bryan at email@example.com.