COLUMBUS, Ohio, July, 15, 2015 /PRNewswire/ -- Value Recovery Group (VRG) announced that it has concluded its acquisition of Scully Capital Services, Inc. (Scully Capital). Founded in 1986, Scully Capital is a specialized financial advisory services firm based in Washington, D.C., that provides financial advisory services to the energy, transportation, infrastructure and water sectors. VRG's consulting subsidiary, Value Recovery Holding (VRH), will combine its resources with Scully Capital to manage a joint consulting practice. The combined enterprise will support 10 federal agencies, providing financial advisory services across the risk spectrum, from project development to asset management and recovery. All key Scully Capital personnel, including founder Larry Scully, will remain with the firm.
"The union of the two firms will complement VRH's existing service offering and capabilities," said Barry Fromm, Chairman and CEO of VRG and its portfolio companies. "We have partnered with Scully Capital since 2010 and see this transaction as a natural extension of our long-standing track record of delivering value by putting our clients first. This will allow us the opportunity to expand in our core markets in the federal government and financial services, specifically our support of energy, infrastructure and government financing programs. We look forward to blending our companies, growing and enabling our teams to strengthen and expand to continue to support our clients and ensure the success of their missions and projects."
Closing took place on June 30, 2015. While the new enterprise will be headquartered in Columbus, Ohio, its main office for the consulting practice will be located out of its expanding Washington D.C., office.
VRH is a diversified financial services and management consulting firm with core businesses in financial services, renewable energy, program and project management, asset management and real estate development, headquartered in Columbus, Ohio. Among its Federal government contracts, VRH is the prime contractor for U.S. Department of Energy Loan Programs Office and also for the U.S. Army Office of Energy Initiatives (OEI).
Scully Capital Services, Inc is a specialized firm that provides a broad range of financial advisory services to domestic and international, public- and private-sector clients. Since its founding in 1986, Scully Capital has become a leading firm providing partnerships and outsourcing, project finance and advisory services to the environmental, energy, transportation and federal credit industries.
The combined firm will focus on the core skill sets of the consulting practices and look to expand into support of the broader missions in the infrastructure, energy and finance arenas within the federal government and private sector.
SOURCE Value Recovery Group