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Montgomery McCracken Advises The Steer Group in Its Acquisition of Fourth Economy Consulting, Inc.

May 19, 2021


Montgomery McCracken is pleased to announce the successful representation of The Steer Group, a global business consultancy firm headquartered in the United Kingdom, in its acquisition of Fourth Economy Consulting, Inc., a national community and economic development consulting firm based in Pittsburgh, PA.

Corporate partners Jon C. Hughes and Ernest D. Holtzheimer handled the transaction, which closed on May 18, 2021.

“We are delighted that Fourth Economy is joining Steer, bringing deep economic development expertize to our North American business and also complementing our UK-based economic development practice; Steer ED,” said Hugh Jones, CEO at Steer. “Through our aligned values, expertise and unwavering commitment to our clients, I have every confidence that, together we will make a powerful impact on behalf of our clients and communities. We look forward to welcoming our new colleagues and growing in partnership”.

“Joining Steer allows us to build on over a decade of changing how people view economic development. This partnership will allow us to scale our offerings and make an even greater impact for our clients,” Rich Overmoyer, CEO of Fourth Economy, commented.

For more information on the acquisition, click here.