Treasury Strategies Inc., a consulting company focused on corporate treasury management, announced last week that it is being acquired by Novantas Inc., a consulting company that provides analytic services and technology solutions to many of the world's largest banks.

Terms of the transaction were not disclosed.

A press release from Novantas said the combined company will operate under the Novantas name but retain the Treasury Strategies brand for corporate advisory business. The partners in Treasury Strategies—Tony Carfang, Cathy Gregg, and Dave Robertson—will become managing directors of Novantas.

“We're delighted that Treasury Strategies will become part of Novantas,” Dave Kaytes, co-CEO of Novantas, said in the press release. “Their expertise, analytical focus, and client service culture are ideally matched to our own, and their capabilities in corporate treasury management are an excellent complement to Novantas' market and customer focused services for banks.”

The Treasury Strategies press release said the deal will allow Treasury Strategies to expand its practice “in risk management, balance sheet strategies, and financial modeling.”

“CFOs need increasingly sophisticated solutions to navigate the market and regulatory complexities,” Carfang said in an email. “This merger allows us to stay ahead of the curve and solidifies our leadership position in this arena.”

Novantas said the integration of the two entities should be completed this month.

Instant Insights /

Treasury Strategies Merges with Novantas

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