07 Feb 2025

Red Flag Consulting acquired by US-based Ankura Consulting Group

Red Flag Consulting has been acquired by New York's Ankura Consulting Group for a reported €45 million. Red Flag CEO is Karl Brophy, Managing Director is Deirdre Grant and its Chairman is Gavin O’Reilly.

Karl, who owns 75% of Red Flag Consulting, is set to receive over €33 million from the deal. His wife, Deirdre Grant, will continue in her role alongside other key executives, ensuring continuity and stability for the firm.

The deal is structured with a four-year earn-out period, ‘reflecting confidence in the sustained performance and growth of the business’ says the Irish Times.

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