Management Acquires Full Ownership of acxell, LLC (“acxell”), a Risk Management Firm Headquartered in East Brunswick, NJ
acxell has been acquired in a management buyout with a 100% acquisition of ownership
EAST BRUNSWICK, N.J.–(BUSINESS WIRE)–#banking–Led by Mr. Philip Gonzalez (Managing Director) and Ms. Melissa Taylor (Operations Director), a senior management group at acxell has acquired full ownership of the firm formerly known as P&G Auditors and Consultants, LLC, d/b/a P&G Associates (“P&G”). This management buyout, which closed on January 29, 2021, results in Acxell Holdings, LLC (“Holdings”) successfully purchasing 100% ownership from acxell’s prior owner, BNXOne Holdings, LLC. The new ownership team, headed by Mr. Gonzalez and Ms. Taylor, with the current management team and staff, will continue to manage all aspects of acxell.
As Mr. Gonzalez stated, “We have been contemplating this transaction for several months now with the former owner, as there was a significant amount of interest from other potential purchasers. At the end, we were able to confidently demonstrate that the current management team of acxell possesses the required level of expertise and knowledge to continue to grow the strong foundation of the company, which is deep rooted in the long-term relationships of our clients in the tri-state area. Most of our clients have been with us for many years, and we have grown over the years with them by understanding and evolving to meet their specific growing needs. We are ecstatic about the future for growth and the strategic focus that the existing management team brings to this transaction.”
acxell, which commenced operations in 1991 as P&G, has a proven history of over 30 years of leadership and expertise in the internal audit arena, and provides its services to financial institutions, such as banks, fintech and credit unions. The company brings practical experience and expertise in helping its clients mitigate risks in all aspects of their business, from operations, regulatory compliance, credit, financial crimes, IT/Cybersecurity services, and more. Its employees are proven subject matter experts in their respective fields.
Ms. Taylor, who has been with the company for over 13 years, will take on additional client-facing responsibilities in her role as the Director of Operations. Ms. Taylor stated, “acxell has a proven history for providing high-quality services at an economical price. This hallmark foundation of being a provider of value-added services will remain prominent in our vision and focus for the future. We are especially excited that, simultaneous with this transaction, we have also partnered with a technology company through which we will have access to a suite of software solutions that we can customize for our clients. Provision of services through a technology-based platform is the focus of our vision. Our hope is to expand our market expertise of risk management services for financial institutions, which acxell has provided so diligently in the NY/NJ tri-state area over the past 30 years, to extend across the United States, and we have a dedicated team of professionals who are eager and ready to go.”
For further information about acxell and our services, please visit acxellrms.com, or contact us at [email protected].
Contacts
Melissa Taylor
[email protected]
