Private company

Analysis Group

Logo: Analysis Group Inc., Public domain, via Wikimedia Commons3

American consulting company

Analysis Group, Inc. (AG), founded in 1981 by economists Bruce E. Stangle and Michael F. Koehn, is an economic consulting firm with offices in the United States, Canada, and other international locations. It provides economic, financial, and strategic analysis and expert testimony to law firms, corporations, and government agencies.2 It employed 1,500 people in 2025.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1981Founded1

Analysis Group, Inc. (AG), founded in 1981 by economists Bruce E. Stangle and Michael F. Koehn, is an economic consulting firm with offices in the United States, Canada, and other international locations. It provides economic, financial, and strategic analysis and expert testimony to law firms, corporations, and government agencies.2

The story

Founded by Bruce E. Stangle in 1981.1

In 2005, Analysis Group provided testimony in the case of Alliance Capital Management. Ten years later, the consulting firm made Glassdoor’s 2015 list of the 50 Best Small and Medium Companies to Work For.

In 2019, the Boston Globe named Analysis Group on their annual Top Places to Work list.

2020-present

In 2020 Analysis Group settled with the U.S. Department of Labor over allegations of hiring and compensation discrimination against minorities. Analysis Group agreed to pay $410,000 in backpay plus interest to the affected individuals.

In 2021, Analysis Group provided Judge Lasnik with economic analysis that was cited in determining attorney fees for a case that saw Hawaiian farmers accusing retailers of selling regular coffee under the name “Kona.”

In 2023, Analysis Group filed a lawsuit against Twitter, seeking $2.2 million in unpaid fees related to work performed during Elon Musk’s acquisition of the company. That same year, the company was named in the GCR 100 for outstanding economics and received the 2023 Prestige Ranking from Vault Consulting 50.

In January 2025, Pierre Cremieux, who had served as President of Analysis Group since 2016, succeeded Martha Samuelson as the firm’s Chief Executive Officer.

Litigation and expert testimony

Throughout the years, the firm has provided economic expertise and research gathered from independent studies for several high profile cases including The Federal Trade Commission v. The Kroger Company, Epic Games v. Apple, and US v. DaVita, Inc. and Kent Thiry.

In U.S. antitrust litigation involving Google, Judith Chevalier, an academic affiliate of Analysis Group, served as an expert witness and submitted a rebuttal report addressing elements of the plaintiffs’ economic research during class certification proceedings.

Read the full text

Internal expansion

In November 2025, Analysis Group formed a partnership with French consulting firm, Ricol Lasteyrie.

From Wikipedia’s article on Analysis Group, shared under CC BY-SA 4.0.4

Leadership

Who has led Analysis Group, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (1)

Employees over time

  • 20251,5001

Timeline

  1. 1981Founded Founded1

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$209.6M 2008–2026
Figures by year
YearFederal contractsTotal
2026$19.6M$19.6M
2025$4.9M$4.9M
2024$22.9M$22.9M
2023$13.2M$13.2M
2022$19.2M$19.2M
2021$18.1M$18.1M
2020$12.6M$12.6M
2019$17.3M$17.3M
2018$18.4M$18.4M
2017$12.1M$12.1M
2016$18.2M$18.2M
2015$9.2M$9.2M
2014$7.7M$7.7M
2013$958.5K$958.5K
2012$2.1M$2.1M
2011$4.1M$4.1M
2010$391.6K$391.6K
2009$5.7M$5.7M
2008$2.9M$2.9M

Federal awards

Obligated amounts from USAspending.gov5, by calendar year, 2008–2026, for its registration. Obligations are what agencies committed, not always what was paid out. Contracts pay for goods and services; grants, loans and direct payments are assistance. Loans are charted at the face value of the loans listed here. An award’s amount below is its lifetime total, and some began before the years charted.

Largest contracts

  1. Jun 30, 2011$10.9M from Offices, Boards and Divisions: Expert witness financial management6 To ANALYSIS GROUP INC Award DJJ11WENR010396
  2. Jan 22, 2018$8.8M from Offices, Boards and Divisions: Expert for in re: addicks and barker (texas) flood-control reservoirs v. u.s.7 To ANALYSIS GROUP INC Award 15JENR18P00000135
  3. Jan 25, 2024$7.9M from Offices, Boards and Divisions: Expert8 To ANALYSIS GROUP INC Award 15JATR24C00000040
  4. Apr 20, 2022$5.5M from Offices, Boards and Divisions: Expert witness services9 To ANALYSIS GROUP INC Award 15JENR22P00000144
  5. May 27, 2014$5.5M from Offices, Boards and Divisions: Expert witness - business and finance/management - finance / statistics and management science -igf::ct::igf10 To ANALYSIS GROUP INC Award DJJ14WENR010197