Clients & Friends,

I am very excited to announce that as of October 1, The Claro Group is now part of Stout, a global investment bank and advisory firm specializing in corporate finance, valuation, transaction advisory, financial disputes, investigations, and claims. We have always strived to provide our clients with best-in-class consulting, advisory, and analytical services, and joining Stout is the next step in achieving this mission.

Stout and Claro have natural synergies in the areas of dispute and claims consulting and fraud and forensic investigations, which will bolster our expertise in these services and bring additional capabilities to our clients in areas like investment banking and transaction advisory. Similarly, we are bringing our insurance claims, economic and corporate finance/restructuring practices to Stout to expand its services into these areas. Like Claro, Stout has offices in Chicago, Houston, Los Angeles, and Washington, DC, as well as fourteen other cities in the U.S.

Our clients were at the forefront of our objective and purpose when making the decision to join Stout; this transaction will allow us to serve our clients from a broader platform while we continue to offer creative solutions to complex projects. The professionals at Stout have a culture and core values that align with ours at Claro, and I am thrilled to introduce you to them as we begin working together in this new capacity.

To all our clients - thank you for placing your trust in us and allowing Claro to reach this chapter in our company story. Our success would not be possible without you.

All of us here at Claro look forward to taking this next step with you into what we expect to be a very bright future.

With gratitude,

John Cadarette
Chairman & Managing Director