July 6, 2021
Clearsight Advises Bow River’s Ocean Tomo in its Acquisition of Veris Consulting
Clearsight Advisors (“Clearsight”) is pleased to announce another successful buyside transaction in its Risk & Regulatory and Financial Services practices. Clearsight served as the exclusive advisor to Bow River Capital (“Bow River”), in partnership with their portfolio company Ocean Tomo, in their acquisition of Veris Consulting (“Veris” or “The Company).
Veris is a leading forensic accounting firm, specializing in financial due diligence and expert witness testimony. Founded in 2000 with offices in Reston, VA and Jacksonville, FL, The Company’s team assists clients around the globe in resolving commercial proceedings. This acquisition expands Ocean Tomo’s platform of services, adding several testifying expert witness professionals and widening the scope of engagements involving breach of contract, fraud, valuation and bankruptcy. Combined, Ocean Tomo and Veris Consulting work with more than 80% of the AM Law 100 firms. Larry Johnson, Founder of Veris, remarked, “We saw in Ocean Tomo the same depth of expertise, best-in-class team, and fantastic reputation. This is an ideal partnership.”
Bo Sutton, Director of Bow River, commended the deal, “Clearsight’s knowledge of the financial expert landscape coupled with their thorough understanding of Ocean Tomo’s priorities resulted in a fantastic result for all. We’re grateful to Clearsight for their role in connecting us to Veris.”
“It was great to work with Bo and the incredible teams at Bow River, Ocean Tomo and Veris,” added Clearsight Managing Director John Rakowski. “Larry created a fantastic business advising leading law firms, corporations and other institutions by helping them reach resolution in very complex legal and economic matters. The Veris and Ocean Tomo combination is a tremendous strategic fit.”