UK-based supply chain risk and performance management solutions provider Achilles announced today the acquisition of Global Risk Management Solutions (GRMS), in a move described by the company as aimed at enhancing its supply chain sustainability capabilities and strengthening its US and Canadian presence.

Founded in 2010, Irvine, California-based GRMS provides customizable supplier risk assessment programs, aimed at offering companies with the ability to proactively manage and continuously monitor their suppliers for key areas of risk. The company’s services include verification of data, physical review of documents and a support system that assists suppliers to obtain compliance with a client’s unique risk assessment requirements.

Gerard Smith, Co-founder and President of GRMS, said:

“GRMS has been providing supply chain risk services to large US clients for fourteen years. Joining Achilles represents an incredible opportunity to expand the reach of our innovative supplier risk solutions. Together, we will elevate the standards for supply chain risk management while continuing to deliver the high-quality services our clients have come to rely on.”

According to Achilles, the transaction forms part of the company’s ongoing strategy to expand its global footprint and enhance its portfolio of supply chain solutions, following the recent acquisition of supply chain risk company GoSupply. Achilles added that the new acquisition will provide it with capabilities to offer clients insights and tools to enhance supplier relationships, mitigate a broad spectrum of risks including financial stability, ESG, health and safety, geopolitical risk, cyber security, compliance, adverse media, and decarbonization and build high-performing supply chains.

Achilles CEO Paul Stanley said:

“GRMS has built an outstanding reputation for delivering excellence in supplier risk assessment. This acquisition enhances our ability to provide unparalleled value to our customers by combining our global reach with GRMS’ deep understanding of supplier risk management in the US market.”

Matt Legg, Partner at Achilles majority shareholder Bridgepoint, added:

“We are delighted to back Achilles to make its second strategic acquisition driving further growth in this exciting sector. Building on Achilles’ strong organic growth, the addition of GRMS enhances its capabilities and solidifies its position as a leader in delivering comprehensive solutions to meet the sector’s evolving demands.”