What Anderson Economic Group does

Anderson Economic Group, LLC is a privately held boutique economic consulting firm founded in 1996 by Patrick L. Anderson and headquartered in East Lansing, Michigan, with a second office in Chicago, Illinois. The firm delivers expert services across four practice areas — Strategy and Business Valuation, Economic Analysis and Public Policy, Market and Industry Analysis, and Expert Testimony & Litigation Economics — serving private firms, publicly traded corporations, state and local governments, non-profits, and educational institutions. Its industry concentrations include automotive, alcoholic beverages, franchised businesses, K-12 and higher education, energy and environment, economic development, tax and regulatory policy, and an emerging cannabis practice.

The firm’s core technology stack combines proprietary analytical methods with a state-of-the-art GIS environment. AEG licenses the patent-pending Rapid Recursive® strategic valuation model from Supported Intelligence, LLC for business and investment valuations that natively incorporate asymmetric risks, black-swan risks, and real-options flexibility — capabilities it positions as differentiated from standard discounted cash flow analyses. For market and industry work, AEG operates ArcGIS-based systems with over 1,000 data series for every U.S. census tract, supporting trade-area, logistics-network, and competitive-location analyses. Recurring content products — the Automotive Dashboard, Economic Conditions Tracker, and Map Gallery — serve as both client deliverables and top-of-funnel marketing assets. The firm operates under ISO 9000-aligned quality assurance standards and has produced published books with Stanford University Press and CRC Press, while principals serve as expert witnesses in state and federal courts, legislative hearings, and arbitration panels.

Commercially, AEG is a sales-led professional services firm. Clients are acquired through direct business development, referrals, and the firm's professional reputation. Engagements are scoped individually, priced based on professional time plus direct costs (printing, travel, GIS charges, proprietary data charges), formalized through written engagement letters, and typically require a retainer or initial payment before work begins; ongoing billing is monthly or at milestones, often under multi-year contracts. Named clients span five U.S. states (Michigan, Ohio, North Carolina, Wisconsin, Kentucky), the Province of Ontario, the U.S. Department of Commerce, the City of Detroit, OEMs and suppliers (Ford, GM, Honda, Porsche, BorgWarner, Visteon, Johnson Controls), beverage distributors (Heineken USA, Diageo, ABInBev, Beck's North America, National Wine & Spirits), universities (Michigan, Michigan State, Chicago, Johns Hopkins), and tech, financial, retail, and nonprofit organizations. The company remains founder-owned under Patrick L. Anderson as Principal and CEO with no disclosed institutional investment or parent entity.

Name

Anderson Economic Group

Legal name

Anderson Economic Group, LLC

Website

https://andersoneconomicgroup.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

Anderson Economic Group is a privately held, East Lansing-based boutique consulting firm founded in 1996 that provides expert testimony, business valuation, economic and public policy analysis, and market and industry analysis to corporations, state and local governments, universities, and non-profits across the U.S. and internationally.

Ownership category

akta.pro rank

Product category

Economic Consulting Services

NAICS

Management Consulting Services (54161), Management, Scientific, and Technical Consulting Services (5416), Marketing Research and Public Opinion Polling (541910)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Corporate Strategy Advisory (BPAHADAA)

Keywords

• Economic consulting services
• Business valuation
• Expert testimony
• Public policy analysis
• Market industry analysis

Headquarters

HQ city

Lansing

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Consulting Services Revenue: Fees based on professional time and direct costs required to complete projects. Direct costs include printing, travel, GIS charges, and proprietary data charges. Clients are required to provide a retainer or initial payment before work begins, with continued payments made monthly or at specific progress milestones.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Anderson Economic Group is a boutique consulting firm that delivers economic analysis, business and franchise valuation, public policy research, market and industry analysis, and expert testimony for litigation and regulatory proceedings. Services span four practice areas — Strategy and Business Valuation, Economic Analysis and Public Policy, Market and Industry Analysis, and Expert Testimony & Litigation Economics — and are supported by proprietary analytical tools including the Rapid Recursive® Strategic Valuation Model, GIS-based market analysis, an Automotive Dashboard, an Economic Conditions Tracker, and a Map Gallery.

Product overview

Anderson Economic Group is a boutique economic consulting firm offering expert services in public policy analysis, business valuation, and market and industry analysis. Rather than a unified software platform, the company provides specialized consulting services across multiple practice areas including Strategy and Business Valuation, Economic Analysis and Public Policy, Market and Industry Analysis, and Expert Testimony and Litigation Economics. Their service delivery incorporates analytical tools such as the Automotive Dashboard (regularly updated data visuals for the automotive industry), Economic Conditions Tracker (key economic metrics monitoring), and Map Gallery (geographic data visualization). The firm also utilizes GIS-based market analysis methodologies leveraging ArcGIS software with extensive census tract data. Services are delivered through industry-specific expertise areas covering Automotive, Alcoholic Beverages, Economic Development, K-12 and Higher Education, Energy and Environment, Franchised Businesses, Economic Impact, Market Entry Consulting, Tax and Regulatory Policy, Commercial Damages, Pension and Benefits Analysis, Benchmarking, and Cannabis Market sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Strategy & Business Valuation Independent analyses including business strategy, economic and financial analysis, business valuations, commercial damages, and business and personal torts for private firms, publicly traded companies, and franchised businesses.
• Economic Analysis & Public Policy Research and analysis on economic and fiscal effects of regulation, legislation, industry trends, new development, business climates, tax policies, education, and demographics for government agencies, educational institutions, and trade associations.
• Market & Industry Analysis Market strategies, industry assessments, economic development planning, real estate feasibility, demographic analyses, site selection, and market snapshots for both the public and private sector, leveraging GIS-based analysis.
• Expert Testimony & Litigation Economics Expert testimony and reports for use in state and federal courts, regulatory proceedings, state legislative hearings, local zoning boards, the International Court of Claims, arbitration panels, and other venues.
• Automotive Dashboard Regularly updated data visuals providing market metrics and industry tracking for the automotive sector.
• Economic Conditions Tracker Tool for following key economic metrics over time, enabling monitoring of economic trends and conditions.
• Map Gallery Collection of maps illustrating data to improve understanding of geographic and market information.

Quantifiable outcome

• Work has withstood scrutiny of business leaders, investors, attorneys, lenders, government officials
• +1 more outcomes

Named customers33 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Supported Intelligence, LLCcoreTechnology or IntegrationLicensed technology partner providing the patent-pending Rapid Recursive® strategic valuation software used in AEG's valuation engagements. AEG experts are recognized as accredited consultants for customization of this software for business management decisions including real options valuation.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Berkeley Research Group (BRG): BRG is a global consulting firm offering economic, financial, and litigation consulting across many of the same practice areas AEG covers, including valuation and industry analysis.
• Economists Incorporated: Economists Incorporated is an economic consulting firm specializing in antitrust economics, regulatory economics, and expert testimony — closely aligned with AEG's boutique strategy-and-valuation service mix.
• Charles River Associates: CRA delivers economic and management consulting services, including business valuation, antitrust economics, and expert testimony, serving the same enterprise, government, and legal-services buyer base as AEG.
• Analysis Group: Analysis Group provides economic, financial, and strategic consulting as well as expert testimony in complex litigation, directly competing for the same dispute-driven valuation and economic-impact engagements as AEG.
• NERA Economic Consulting: NERA is a global economic consulting firm providing expert economic analysis, financial economics, and expert testimony in litigation and regulatory proceedings — directly mirroring AEG's expert-witness and economic-impact work across similar government and corporate clients.
• Compass Lexecon: Compass Lexecon provides economic consulting and expert testimony for high-stakes litigation, antitrust, and regulatory matters — overlapping with AEG's expert testimony and economic analysis offerings.
• Cornerstone Research: Cornerstone Research supplies economic and financial expert testimony and consulting in litigation and regulatory matters — a direct competitive overlap with AEG's expert-witness practice.

Broad incumbents

• McKinsey & Company: McKinsey is a broad, global management consulting incumbent whose strategy and public-sector practices overlap with AEG's economic-impact and strategy work for governments and large enterprises, though at much larger scale.
• FTI Consulting: FTI Consulting offers broad economic, financial, and dispute advisory services including expert testimony, competing for many of the same high-stakes litigation engagements as AEG but across a far wider portfolio.
• Deloitte (Strategy & Economics): Deloitte's economics and strategy practices handle large-scale economic impact, public policy, and valuation engagements — a broad incumbent peer for AEG's enterprise and government clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/anderson-economic-group

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Anderson Economic Group