Kreller Companies

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, Inc.
Kreller Companies
TypePrivate
IndustryBusiness Intelligence
Founded1989 (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 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 article: 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

References
  1. "Key Leadership". Kreller Companies. Retrieved May 9, 2020.
  2. Johnson, Heather R. (October 25, 1989). "FCPA Continues to Keep a Sharp Eye on Medtech". MDDI Qmed. Retrieved May 12, 2020.
  3. Caproni, Erin (January 29, 2020). "Cincinnati Firm Acquires D.C. Competitor". Cincinnati Business Courier. Cincinnati, Ohio. Retrieved April 29, 2020.
  4. Wolf, Barnet D. (May 12, 1989). "Letter Calls Dun & Bradstreet Practices Misleading". The Columbus Dispatch.
  5. "Investigators: Compliance, M&A, JV, Due Diligence And More". Metropolitan Corporate Counsel. May 1, 2008. Retrieved May 12, 2020.
  6. "History". Kreller Group. Retrieved April 29, 2020.
  7. Braykovich, Mark (October 15, 1991). "Kreller can get scoop on foreign companies". The Cincinnati Enquirer. Retrieved May 9, 2020.
  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". World Trade. Troy: BNP Media. 11 (9): 40–43.
  10. Kreller Business Information Group, Inc. Hoover's Company Records (Report). Fort Mill: Mergent. April 1, 2020. Retrieved May 12, 2019.
  11. Callison, Jenny (September 11, 2002). "Tristate Businesses Adapt". The Cincinnati Enquirer.
  12. Bohman, Jim (May 1, 1989). "Davidoski vs. Goliath". Dayton Daily News.
  13. "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. "Frequently Asked Questions". Smith Brandon International. Retrieved May 9, 2020.
  18. Mazero, Joyce (February 14, 2019). "International Franchising: Getting the Information You Need – and Why". Franchising.com. Retrieved May 12, 2020.
  19. "Advice on International Deals". Akron Beacon Journal. September 24, 2015. p. B6.
  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. "Key Leadership". Kreller Companies Services. Retrieved May 9, 2020.
  23. 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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