Company:Kreller Companies

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Short description: American corporate investigations and risk consulting firm
Kreller, Inc.
Kreller Companies
TypePrivate
IndustryBusiness Intelligence
Founded1989; 36 years ago (1989)
FounderJoseph "Joe" Davidoski
Headquarters
Cincinnati, Ohio
,
United States
Area served
Worldwide
Key people
Joseph "Joe" Davidoski
(President)
Harvey Rosen
(Chief Operating Officer)[1]
Scott Shaffer
(Managing Director, Global Due Diligence)[2]
Services
Divisions
  • Kreller Consulting
  • Kreller Credit
  • Kreller Group
SubsidiariesSmith Brandon International
Website

Kreller Companies is an American corporate investigations and risk management firm based in Cincinnati, Ohio.[3] Since its founding in the late 1980s, it has advised clients on their use of third-party business information vendors.[4] Today the firm offers a range of business intelligence services, including custom due diligence and investigations.[3]

Kreller Companies employs licensed investigators and analysts with experience in federal, state and local law enforcement.[5] Its corporate offices are located in the United States, and the company has official representation in Mexico, Brazil , China , the United Kingdom , the United Arab Emirates, and Russia .[6]

The firm operates globally across a number of industries, including health care, telecommunications, defense, energy, manufacturing, and finance.[2][7][8][9][10] Clients include companies, academic institutions, and government agencies.[7][11]

In January 2020, Kreller Companies announced that it had acquired D.C.-based Smith Brandon International.[3]

History

From 1982 to 1988, Joe Davidoski worked in sales for Dun & Bradstreet, a publicly traded company that, at the time, had a 90% market share of the credit-check market.[12] Davidoski was recognized as one of the company's top salesmen.[4][13] After raising concerns internally for several years, in June 1988, a day after the enactment of Ohio's Whistleblower Statute, Davidoski sent a letter to management detailing the misleading and unethical nature of the company's selling practices.[12] The story of his employer's alleged misconduct made front-page news, and Davidoski was featured on American news programs, including 20/20.[12][13][14] Davidoski's complaints led to several lawsuits and inquiries, including one by the United States Postal Service. In June 1989, Dun & Bradstreet agreed to settle a number of these for $18 million.[15][16]

In 1989, Davidoski left and formed Kreller, Inc., today known as Kreller Companies.[12] One of the company's initial services was to work with customers to reduce their spend on third-party data providers, including Dun & Bradstreet.[4]

In 1991, Kreller Companies began offering international credit reports.[7] In the mid-1990s, Kreller Companies began offering international due diligence services.[10] In the aftermath of the September 11 attacks, the company's profile rose and its business doubled as Fortune 500 companies sought to sever any possible links to Al Qaeda.[11]

In January 2020, Kreller Companies announced its acquisition of Smith Brandon International (SBI), a boutique corporate investigations and risk consulting firm based in Washington, D.C.[3][17]

Companies

Kreller Companies offers services across four associated companies: Kreller Group, Kreller Credit, Kreller Consulting, and Smith Brandon International.

Kreller Group

Kreller Group provides international due diligence and background research using local investigators for on-the-ground intel on entities around the globe.[5][11][18] Kreller Group conducts investigations into both companies and individuals with whom clients are considering business dealings, such as joint ventures or mergers and acquisitions.[5] Kreller Group also provides advice on how to select international business partners.[19]

In addition, Kreller Group provides guidance on adherence to anti-corruption acts, such as the Foreign Corrupt Practices Act.[2] In 2012, Kreller Group launched Kreller Online, an online portal to assist clients with ongoing regulatory compliance with anti-corruption acts.[20]

Kreller Credit

Kreller Credit conducts international credit queries, credit reporting, and in-country risk evaluations and provides assurances that certain credit transactions are authentic.[5][21][22] It also assists with collection efforts and asset recovery.[5][7][22]

Kreller Consulting

Kreller Consulting offers clients strategies to reduce their expense on information products sold by third-party vendors, particularly those related to credit, law, insurance, real estate, and debt collections.[12][22][23] It also advises clients on best practices when purchasing information service subscriptions.[23]

Smith Brandon International

Main page: Company:Smith Brandon International

In January 2020, Kreller Companies announced that it had acquired Smith Brandon International (SBI).[3] SBI is a boutique corporate investigations and risk consulting firm based in Washington, D.C. The firm offers a range of services, including high-level political analysis, global due diligence, risk avoidance, corporate investigations, financial investigations, political risk assessments and business intelligence services.[17][24]

See also

External links

References

  1. ↑ "Key Leadership". Kreller Companies. https://www.krellerconsulting.com/page/key-leadership. Retrieved May 9, 2020. 
  2. ↑ Jump up to: 2.0 2.1 2.2 Johnson, Heather R. (October 25, 1989). "FCPA Continues to Keep a Sharp Eye on Medtech". https://www.mddionline.com/fcpa-continues-keep-sharp-eye-medtech. 
  3. ↑ Jump up to: 3.0 3.1 3.2 3.3 3.4 Caproni, Erin (January 29, 2020). "Cincinnati Firm Acquires D.C. Competitor". Cincinnati Business Courier (Cincinnati, Ohio). https://www.bizjournals.com/cincinnati/news/2020/01/29/cincinnati-firm-acquires-d-c-competitor.html. 
  4. ↑ Jump up to: 4.0 4.1 4.2 Wolf, Barnet D. (May 12, 1989). "Letter Calls Dun & Bradstreet Practices Misleading". The Columbus Dispatch. 
  5. ↑ Jump up to: 5.0 5.1 5.2 5.3 5.4 "Investigators: Compliance, M&A, JV, Due Diligence And More". May 1, 2008. http://www.metrocorpcounsel.com/articles/9863/investigators-compliance-ma-jv-due-diligence-and-more/. 
  6. ↑ "History". Kreller Group. https://www.kreller.com/page/kreller-history. Retrieved April 29, 2020. 
  7. ↑ Jump up to: 7.0 7.1 7.2 7.3 Braykovich, Mark (October 15, 1991). "Kreller can get scoop on foreign companies". The Cincinnati Enquirer. https://search-proquest-com.research.cincinnatilibrary.org/810262ec-764e-4a9a-af74-ed9270bf24b9. 
  8. ↑ "NXT Energy Solutions Announces $8.9 Million USD SFD® Survey Contract in Nigeria" (Press release). Calgary, Alberta: NXT Energy. GlobeNewswire. March 28, 2019. Retrieved 2020-04-29.
  9. ↑ Barth, Steve (September 1998). "An ounce of prevention" (in English). World Trade (Troy: BNP Media) 11 (9): 40–43. 
  10. ↑ Jump up to: 10.0 10.1 "Kreller Business Information Group, Inc.". Hoover's Company Records (Fort Mill: Mergent). April 1, 2020. https://search-proquest-com.research.cincinnatilibrary.org/docview/1860775134. Retrieved May 12, 2019. 
  11. ↑ Jump up to: 11.0 11.1 11.2 Callison, Jenny (September 11, 2002). "Tristate Businesses Adapt". The Cincinnati Enquirer. 
  12. ↑ Jump up to: 12.0 12.1 12.2 12.3 12.4 Bohman, Jim (May 1, 1989). "Davidoski vs. Goliath". Dayton Daily News. 
  13. ↑ Jump up to: 13.0 13.1 "Episode 919". 20/20. Season 1989. Episode 919. New York. May 12, 1989. ABC News.
  14. ↑ Roberts, Johnnie L. (March 2, 1989). "Credit Squeeze: Dun & Bradstreet Faces Flap Over How It Sells Reports on Business". The Wall Street Journal. 
  15. ↑ Peers, Alexandra (October 25, 1989). "Six of D&B's Top Aides Sell Some Shares". The Wall Street Journal. 
  16. ↑ Roberts, Johnnie L. (March 17, 1989). "Big Bank Demands Dun & Bradstreet Refund Up to $2.5 Million in Charges". The Wall Street Journal. 
  17. ↑ Jump up to: 17.0 17.1 "Frequently Asked Questions". Smith Brandon International. http://www.smithbrandon.com/faq. Retrieved May 9, 2020. 
  18. ↑ Mazero, Joyce (February 14, 2019). "International Franchising: Getting the Information You Need – and Why". https://www.franchising.com/articles/international_franchising_getting_the_information_you_need__and_why.html. 
  19. ↑ "Advice on International Deals". Akron Beacon Journal: p. B6. September 24, 2015. 
  20. ↑ "Announcing Kreller Online, a Risk Based Due Diligence Approach Addressing Requirements of the Foreign Corrupt Practices Act" (Press release). Cincinnati: Kreller Group. PR.com. March 28, 2019. Retrieved 2020-04-29.
  21. ↑ Schaeffer, Mary S. (April 26, 2001). International Credit and Collections: A Guide to Extending Credit Worldwide. Wiley. p. 30. ISBN 978-0471406754. 
  22. ↑ Jump up to: 22.0 22.1 22.2 "Key Leadership". Kreller Companies Services. https://www.krellerconsulting.com/page/kreller-companies-services. Retrieved May 9, 2020. 
  23. ↑ Jump up to: 23.0 23.1 Kreller Group Inc v. WFS Financial Inc (Ohio App. October 10, 2003). Text
  24. ↑ Larsen, Peter Thal (April 11, 2002). "Insecurity and fear feed a once secretive industry". Financial Times. 



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