The IMS Group (IMS), a leading global governance, risk and compliance services group has acquired all outstanding shares in the New York based subsidiary of the same name, IMS Consulting US (IMS US).
This is the second acquisition this year of a US compliance company for The IMS Group which last month invested in HedgeOp Compliance (HedgeOp), the leading US provider of specialised compliance software and consulting services for investment advisers.
IMS US, founded and managed by Micah Taylor, is now a wholly owned subsidiary of IMS. Taylor and his team will retain their current roles and will continue to serve both US and global clients who will now benefit from being an integrated part of the global IMS family with a much larger US product platform including the ability to use EvenWheel compliance software, the HedgeOp developed compliance management and employee level filing solutions.
Michel van Leeuwen, Chief Executive, The IMS Group, says:
"We see this as a consolidation of the groups' interests in the US, where we have recently acquired HedgeOp. We continue to search out quality businesses globally to become part of the IMS Group, with a current focus on the US given the increase in regulation in the region."
Micah Taylor, The IMS Group, says:
"The move to become a wholly owned subsidiary of IMS was the next logical step in the progression of our business, and we look forward to demonstrating all of the benefits the expanded group has to offer to our clients".