Transworld Business Advisors expands GCC operations
Reinforcing growth and advisory services
Transworld Business Advisors (Transworld), the world’s largest business brokerage franchise, has extended its operations in the Gulf Cooperation Council (GCC) region.
The move sees West Palm Beach, Florida-headquartered Transworld, extending its services beyond the United Arab Emirates (UAE) to include Saudi Arabia, Kuwait, Bahrain, Qatar, and Oman, significantly broadening its regional footprint.
Since establishing its UAE presence in Dubai in 2022, Transworld has worked to enhance its global network by integrating with existing European and Asian connections.
The expansion in the GCC region marks a strategic effort to address the vast potential and service gaps in the Gulf nations that border the UAE. This furthers the company’s mission of driving regional economic growth and offering comprehensive business advisory services, franchise consulting, and mergers and acquisitions (M&A) expertise.
Ahmad Ibrahim, President of Transworld UAE, now Transworld GCC, leads the GCC region expansion.
Ibrahim stated: “We recognised the immense potential within the GCC region to positively impact the business consulting market. Our expertise will guide entrepreneurs in evaluating business opportunities and assist business owners in maximising their profits when selling.
“Our goal is to build a robust market for business transactions across the GCC region, empowering entrepreneurs and business owners to seize new opportunities.”
Dubai base
Transworld’s office in Dubai started with a small team and rapidly expanded and achieved milestones, including closing deals and securing substantial middle-market clients.
As of February 2024, the Dubai office has contracts valued at over $270 million and has onboarded significant clients in the $50 million range.
Andy Cagnetta, CEO of Transworld Business Advisors, said: “Our move into the GCC region represents a key milestone for Transworld Business Advisors. We see tremendous potential to revolutionise the business consulting sector here.
“By providing our full suite of advisory services, we aim to support the region’s economic growth and development, aligning with our mission to equip entrepreneurs and business owners with essential tools and expertise.”
Transworld GCC now focuses on various industries, including healthcare, private K-12 education, and oil and gas.
The healthcare sector in the GCC region, which has increasingly shifted from government-provided to private services, presents opportunities for market consolidation. Similarly, the private K-12 education sector in the UAE has seen significant consolidation, a trend expected to extend to other GCC countries. Transworld GCC is also establishing a specialised oil & gas industry group to cater to this key sector.
The company plans to open an office in Riyadh, Saudi Arabia, later this year. To support its expanded GCC operations, it aims to grow its team to 60 members, including advisors, by the end of 2026.
Bill Luce, President of Transworld Business Advisors, added: “This expansion underscores our commitment to franchise development and expanding our global footprint. By enhancing our presence in the GCC, we can better support local entrepreneurs and business owners, driving economic growth and development in these emerging markets.”
Transworld Business Advisors’ expansion into the GCC is set to mark a significant advancement in the company’s mission to transform the business brokerage industry and contribute to economic development across the Gulf region.
Featured image: Transworld GCC operates out of Dubai, UAE. Credit: Sora Shimazaki
