The combination builds upon A&M’s strength in the energy industry.
Houston, TX – Leading global professional services firm Alvarez & Marsal (A&M) has announced it is integrating successful energy consultancy, The Carnrite Group, into its energy practice. The move, which includes the addition of 20+ new employees to A&M’s U.S. Energy Practice, bolsters the firm’s proven track record for maximizing enterprise value for corporate and private equity clients in the industry.
“A&M has worked adjacent to The Carnrite Group teams over the last 17 years while serving energy industry clients, and we deeply admire their capabilities and the value they’ve created for the companies we serve,” said Lee Maginniss, lead for A&M’s U.S. Energy Practice. “Together, we will bring increased leverage and expertise to help our energy clients navigate the uncertainty and massive change inherent to today’s market.”
The Carnrite Group is a management consultancy focused on energy, industrial and private equity sectors. Since 1991, The Carnrite Group has helped clients achieve financial and operational performance goals, build successful organizations and create sustainable, resilient businesses. Alan (“Al”) Carnrite, The Carnrite Group’s Founder and CEO, and Nicholas (“Nick”) Carnrite join A&M as Managing Directors. Their experience builds upon A&M’s existing transformation, performance improvement, buy- and sell-side transaction, and turnaround and liquidity management capabilities.
Al Carnrite brings over forty years of industry and consulting experience as a trusted advisor to executive leadership across the energy, industrial and private equity sectors. Nick Carnrite specializes in corporate strategy, business transformation, and sustainability strategy, and has worked extensively across North America, Europe and the Middle East since joining The Carnrite Group in 2011. Al and Nick are joined by an experienced team of professionals, including Geoff Angulo, Gillian Tilbury, Nolan King, Chris Chia, Steve Cobb, and Kyle Vano, who are joining A&M as Senior Directors.
“We are excited to join a firm with A&M’s credibility and reputation for delivering real results to clients across the Energy ecosystem,” said Al Carnrite. “A large part of our success to date has been an unwavering belief that deep, hands-on experience in these sectors is critical to driving sustained value for our clients. A&M shares in this belief and brings a similar model to market.”
Mr. Maginniss added, “Energy Transition, digitalization, geopolitical and social pressures – as enormous as the complexity is, so too is the opportunity to drive value. Together we will help our clients deliver the financial results and the breakthrough growth they seek.”
The Carnrite Group’s Europe and Middle East businesses will continue to operate under The Carnrite Group brand during the initial integration period, while collaborating extensively with A&M. Carnrite Ventures will continue to operate as a standalone business.