The acquisition doubles the size and scope of the firm, providing added bandwidth, service verticals and professional capacity for the organization and its clients
Compliance Risk Concepts (CRC), an enterprise risk, compliance and business consulting firm for the financial services industry, has acquired Oyster Consulting, LLC (Oyster), a strategic consulting and operations partner for financial services organizations. The combined firm, which will be known in the marketplace as CRC-Oyster, becomes one of the preeminent risk and compliance consulting firms servicing Financial Institutions and the broader financial services industry.
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CRC-Oyster will bring each firm’s distinct but complementary capabilities to its client base, as it provides a comprehensive suite of compliance services. The unified firm will deliver customized and integrated solutions for clients who are confronting and conforming to an increasingly complex regulatory landscape. The full integration is expected by the end of the year.
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“Our clients look to us to be on the forefront of change, ensuring they are well positioned to succeed as the regulatory and compliance landscape evolves,” said Mitch Avnet, founder of CRC. “Our acquisition of Oyster is a testament to this commitment to our clients, allowing us to expand our capabilities, strengthen our team and better position us to serve our collective clients in deeper and more meaningful ways. We have always set out to integrate with our clients from day one, serving as genuine extensions of their teams. This sentiment is shared among our new colleagues at Oyster, and I am incredibly excited to embark on this next chapter in the growth of CRC-Oyster.”
Buddy Doyle, founding principal and CEO of Oyster, will become a member of the Executive Leadership Team at CRC-Oyster and will focus on the integration of the two firms and the continued expansion of CRC-Oyster Solutions.
Doyle said: “We built Oyster with a focus on partnership, and as we embark on the next phase of our business with the CRC team, we couldn’t be more thrilled at the opportunity that awaits. We are slated to deliver even more value to our clients. The cultural fit, shared mission, and collaborative spirit between our firms make this the right next step.”
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The combined entity will offer clients a broader array of services, enhanced regulatory technology capabilities, and access to an expanded network of industry experts. In January 2024, CRC announced a significant growth investment from MidOcean Partners, designed to support the firm’s ongoing growth. This acquisition supports the vision the partners established and creates an immediate impact for CRC-Oyster clients.
“This combination accelerates our shared vision of building a Platform firm that delivers impactful and best-in-class risk and compliance services through our 100-member subject matter team” said Joseph Kelly, Founder, Re-Sourcing Group, CRC’s parent company.
“We partnered with CRC because we recognized a distinct commitment to clients and team. Our goal is to help CRC amplify its impact within the marketplace, and this acquisition is a perfect example of that growth strategy in action,” commented Elias Dokas, Managing Director, of MidOcean Partners.
The acquisition was completed on June 20, 2025. Financial and legal terms will not be disclosed.
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Source: prnewswire
