DFW Capital Partners Makes Growth Investment in Herspiegel Consulting

Herspiegel Acquires U.K.-based Decisive Consulting

June 23, 2025

Healthcare Services

Herspiegel, a pharmaceutical commercialization consultancy and portfolio company of DFW Capital Partners, has acquired U.K.-based Decisive Consulting to expand its global market access, HEOR and HTA capabilities. Decisive's founder Esther Nzenza will remain in a senior role as the firm is integrated into Herspiegel's global commercialization platform.

DFW Capital Partners Invests in Harris CPAs

January 16, 2024

Accounting & Tax

DFW Capital Partners completed an investment in Harris CPAs, a Meridian, Idaho-based regional accounting firm that provides audit & assurance, tax, and advisory services. The investment includes the placement of DFW Operating Partner Michael J. O'Donnell as CEO and is intended to accelerate Harris's organic growth and support a strategy of partnering with other CPA firms and investing in technology and talent.

New State Capital Makes Growth Investment in Klein Hersh

November 17, 2020

Staffing & HR

New State Capital Partners has made a significant equity investment in Klein Hersh, a Horsham, Pennsylvania–based executive search firm focused on life sciences and healthcare. The Klein Hersh senior leadership team (Jason Hersh, Jesse Klein, and Josh Albert) will remain in place and retain substantial ownership as New State provides capital and operational support to accelerate growth.

Herspiegel Acquires FIECON

April 7, 2025

Healthcare Services

Herspiegel has integrated FIECON, a leading European health economics and market access consultancy, bringing a team of over 250 employees and a London office into Herspiegel’s global commercialization platform. The transaction strengthens Herspiegel’s market access, HTA, and RWE capabilities and expands its European presence to better support pharmaceutical, biotech, and medical device clients across reimbursement and commercialization strategies.

Herspiegel Consulting Acquires Adivo Associates

December 13, 2023

Healthcare Services

Herspiegel Consulting has acquired Adivo Associates, a healthcare strategy and specialty market insights firm. The deal expands Herspiegel's commercialization capabilities by integrating Adivo's data and analytics with Herspiegel's market access and medical affairs practices, creating a combined team of over 150 employees and broadening the firm's global footprint.

DFW Capital Partners Invests in Industrial Security Integrators

October 1, 2021

Cybersecurity

DFW Capital Partners has completed a growth investment in Industrial Security Integrators (ISI), a Herndon, Virginia-based provider of compliance and cybersecurity services. DFW said it will partner with ISI’s management to accelerate organic growth and pursue select acquisitions; Southwind Capital served as exclusive financial advisor to ISI.