Strong Mid-Year Momentum in Business Services

Industry-Leading Business Services Group

Strong Mid-Year Momentum

Houlihan Lokey’s Business Services Group built strong momentum in the first half of 2025. We are pleased to share these recent accomplishments, which highlight the activity and breadth of our team.

Our team has earned a reputation for providing superior service and achieving outstanding results in M&A advisory, capital raising, restructuring, and financial and valuation advisory.

Featured Transaction

Houlihan Lokey Advises Applied Technical Services on Sale to SGS for $1.325 Billion

Houlihan Lokey is pleased to announce that Applied Technical Services, Inc., a leading provider of specialized testing, inspection, calibration, and forensic consulting solutions in North America and a portfolio company of Odyssey Investment Partners, LLC, has entered into a definitive agreement to be acquired by SGS (SIX:SGSN) in a transaction valued at $1.325 billion. The transaction is expected to close by late 2025 following customary regulatory approvals.

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Recent Highlights

Click on featured transactions for more details.

Our Business Services Team

For more information on our services, please contact one of the individuals listed below. We look forward to our continued work together.

Ranon Kent
Managing Director
Global Head of Business Services Group

+1 310.712.6523
Email

U.S. Contacts

Thomas Bailey
Managing Director

Leroy Davis
Managing Director

Tripp Davis
Managing Director

Matthew Hudson
Managing Director

Andy Johnston
Managing Director

Spencer Lippman
Managing Director

R.B. McCutcheon
Managing Director

Brian McDonald
Managing Director

Disha Mehta
Managing Director

Jordan Mendel
Managing Director

Chin Pandya
Managing Director

James Rekas
Managing Director

Casey Schwartz
Managing Director

Scott Sergeant
Managing Director

Burke Smith
Managing Director

Jack Fay
Director

Tim Frye
Director

Patrick J. Hughes
Director

Philip Keffer
Director

John Klim
Director

Alex McGlynn
Director

Kyle McNaught
Director

Andrew Shell
Director

Daniel Siller
Director

Calvin Simonson
Director

Clayton Young
Director

EMEA Contacts

Scott Sergeant
Managing Director
Head of Business Services, Europe

Simon Gluckstein
Managing Director

Kristoffer Källeskog
Managing Director

James Local
Managing Director

Timo Maier
Director

Kevin Rogstad
Director
Head of European TICC

James Wanless
Director

Sebastian Weindel
Director

Asia Contacts

Ryosuke Kato
Managing Director

Tomohiko Kubota
Managing Director

LATAM Contact

Horacio Yenaropulos
Managing Director

About the Business Services Group

Houlihan Lokey’s Business Services Group has earned a reputation for providing superior service and achieving outstanding results in M&A advisory, capital-raising, restructuring, and financial and valuation advisory services. Our team covers a broad array of sectors, with financial professionals dedicated to each of our primary coverage areas. Our senior-level relationships throughout the industry open doors to opportunities for our clients—whether they are seeking financing, a strategic partner, or a prospective buyer. In 2024, Houlihan Lokey was ranked the No. 1 investment bank for all global business services M&A transactions by LSEG (formerly Refinitiv).*

*Excludes accounting firms and brokers.