MorganFranklin Consulting Announces Conversion to LLC, Creation of Equity Participation Plan
11 MorganFranklin Consulting, LLC executives and leadership team members announced as equity plan participants following another year of strong growth.
McLean, Virginia – April 24, 2014
MorganFranklin Consulting, a strategy and execution-focused business consulting firm and professional advisor based in McLean, Va., and London, today announced its conversion to a limited liability company (LLC), as well as the creation of an equity participation plan for participating company executives to become partial owners of the business. The news comes after a year of strong growth and the appointment of industry veteran C.E. Andrews as Chief Executive Officer.
MorganFranklin has experienced notable growth since being founded in 1998. In 2013, the company achieved 30% growth just one year after the strategic sale of one of its business units. The firm also achieved a number of milestones, including providing service to more than 100 clients in 10 countries, being named to the Inc. 500|5000 list of the fastest-growing private companies in America for the second year in a row, and being ranked as the No. 9 private business job creator in Virginia by the Inc. Hire Power Awards.
"A lot of positive things happened at MorganFranklin Consulting over the past year. Our 2012 divestiture was also pivotal for the company. It was a catalyst for growth," said Andrews, who joined the company as CEO in early 2013. "We now have a deep sense of focus and direction that will propel us in the years ahead."
MorganFranklin's conversion to an LLC is a key element of the company's strategic plan and includes the sale of approximately a 20% equity interest to 11 participating executives and leaders who now join the founders as owners of MorganFranklin. The LLC conversion and establishment of the equity participation plan further enhance the firm's ability to retain and attract superior talent and explore new growth opportunities.
"MorganFranklin is investing in its future leaders and future growth. We want to create true shared interest and an opportunity for our leadership to be rewarded for doing the right things to serve clients, grow the business, and build our brand," Andrews said. "We have an exceptional team, including MorganFranklin's founders, who are all committed to growing the business and maintaining our responsive, flexible, and entrepreneurial culture. This marks another important milestone in creating our future."
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About MorganFranklin Consulting
MorganFranklin is a strategy and execution-focused business consulting firm and professional advisor. The company provides strategic thinking and hands-on support to help public companies, fast-growing private companies, and government clients manage growth and maximize performance. The firm delivers strategy, accounting and transaction services, risk and compliance, and information management and technology solutions. MorganFranklin is headquartered in the Washington, D.C., area and has supported clients in North and South America, Europe, Asia, and the Middle East.
MorganFranklin Consulting is the brand name referring to the global organization of MorganFranklin, Inc. and its subsidiary MorganFranklin Consulting, LLC.