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Consulting Sector M&A Deals for week beginning 8th June

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businessman doing handstand on the beachiomart Group plc (UK) acquired SystemsUp Limited (UK)
Deal Size: $19 million Industry: IT consulting Date: June 2015
iomart, the cloud computing company, is pleased to announce that it has acquired the entire issued share capital of SystemsUp on a cash-free/debt-free basis with normalised working capital. SystemsUp is a London consultancy specialising in the delivery of IT transformation using Public Cloud. It boasts a range of expertise in the design and delivery of public cloud solutions and is a G-Cloud partner to Google, an authorised Government Partner to Amazon Web Services and a Microsoft Gold Partner. Angus MacSween, Chief Executive stated: “The market for cloud computing is becoming incredibly complex and the demand for public cloud services is increasing at pace. With the acquisition of SystemsUp, iomart has broadened its ability to engage at a strategic level and act as a trusted advisor on cloud strategy to organisations wanting to create the right blend of cloud services, both public and private, to fit their requirements.“

World Wide Technology, Inc. (USA) acquired Asynchrony Solutions, Inc. (USA)
Deal Size: Unspecified Industry: IT consulting Date: June 2015
Asynchrony, Inc., a technology consulting firm specializing in application development, mobile computing, systems and sensor integration, enterprise architecture, and tactical collaboration has been acquired by World Wide Technology, Inc., a market-leading technology integrator, from Schafer Corporation. As a part of World Wide Technology (WWT), the newly named Asynchrony Labs now offers enterprises a single provider that understands both the infrastructure and application side of technology initiatives; and the needs and concerns of both IT departments and lines of business. “This brings great value to both our employees and our clients,” said Bob Elfanbaum, Asynchrony co-founder and General Manager, Asynchrony. “A growing number of our customers need user-facing software solutions that integrate with complex back-end infrastructure. On demand access to WWT’s Advanced Technology Center (ATC) and engineers will let us innovate on both levels throughout an entire project.” WWT Asynchony Labs, a technology consulting firm, specializes in application development, mobile computing, systems and sensor integration, enterprise architecture, and tactical collaboration. World Wide Technology, Inc., a systems integrator, offers technology and supply chain solutions to federal government, state and local government, education, telecommunications, healthcare, retail, utilities, and oil and gas customers and suppliers worldwide.

NTT DATA, Inc. (USA) to acquire Carlisle & Gallagher Consulting Group, Inc. (USA)
Deal Size: Unspecified Industry: Management consulting Date: June 2015
NTT DATA, Inc., a leading IT services provider, announced it has signed a definitive agreement to acquire Carlisle & Gallagher Consulting Group (CG), a business and technology consulting firm that exclusively focuses on the financial services industry. Combining the two firms will strengthen their ability to provide a full set of lifecycle consulting and IT services that can address complex business issues and deliver strong business outcomes specifically for financial institutions in North America and around the world. CG is a leading financial services consultancy with a unique blend of industry expertise in consumer and commercial banking, wealth management and capital markets as well as proven consulting experience that delivers results. This expertise, coupled with NTT DATA’s broad technology depth, innovation and global reach, provides clients with a business partner that can help them adapt to changing market dynamics and implement business-based technology solutions that can drive growth and cost efficiencies. Carlisle & Gallagher Consulting Group, Inc. provides management and technology consulting, and complex technology solutions to the financial services industry in the United States. NTT DATA, Inc. provides information technology (IT) services.

CrowdSource Solutions Inc. (USA) acquired SideraWorks LLC (USA)
Deal Size: Unspecified Industry: Business consulting Date: June 2015
Swansea, Illinois, startup CrowdSource has acquired SideraWorks, a consulting firm focused on culture. “We are helping freelancers spend more time working and less time selling their services,” said Stephanie Leffler, CEO of CrowdSource, in a statement. “We are helping companies take the guesswork out of hiring freelancers. There’s still a great deal of pain and friction present on freelance marketplaces and it’s our job to remove that. Matt and his work are going to be a big part of helping make that happen. They have been analyzing organizational culture for years and will help us translate what works in an office environment to the world of online work.” SideraWorks LLC operates as a collaboration and social business consulting company. The company offers professional development programs for collaborators to improve collaboration skills; educates businesses on collaboration aspects through workshops and seminars to build a collaborative organization; and consults on collaboration programs and strategies, including the adoption of collaboration platforms to make collaboration technology successful. CrowdSource Solutions Inc., a crowdsourcing company, specializes in content solutions for online retailers, agencies, publishers, advertisers, service providers, and marketers.

Arthur J Gallagher & Co. (USA) acquired Solid Benefit Guidance, LLC (USA)
Deal Size: Unspecified Industry: HR consulting Date: June 2015
Arthur J. Gallagher & Co. has inked a deal to acquire employee benefits brokerage and consulting firm – Solid Benefit Guidance. The move marks an effort by the company to ramp up its employee benefits business. New Jersey-based Solid Benefit Guidance offers the U. S-based mid-market employers and managed care clients a wide range of pharmacy benefits and employee benefits consulting services. Therefore, the deal will undoubtedly be highly accretive to the acquirer. The insurance broker has been consistently boosting its employee benefits business. Its recent acquisitions of California-based e3 Financial and Alberta-based Vital Benefits Inc. reflect its endeavors in this respect. Arthur J. Gallagher is well known for consistently pursuing international expansion through acquisitions and the current quarter is no exception. The company’s buyout spree has taken its year-to-date tally to 18. Solid Benefit Guidance, LLC operates as a pharmacy benefit management and employee benefit consulting company that provides financial, clinical, and service components for pharmacy benefit and employee benefit management industries. Arthur J. Gallagher & Co., together with its subsidiaries, provides insurance brokerage and risk management services in the United States and internationally.

Bucher & Christian Consulting, Inc. (USA) acquired Global Networkers Inc. (USA)
Deal Size: Unspecified Industry: IT consulting Date: June 2015
Indianapolis-based BCforward, a leading information technology solutions and staffing corporation, announced that it has purchased Global Networkers Inc., a thriving IT consulting firm based in Charlotte, North Carolina. Global Networkers, whose business focuses on areas of financial services, technology, industrial, consumer and technology-enabled business services, has become a unit of BCforward. Global Networkers’ office in Charlotte will continue to be maintained by BCforward. “I am pleased to formally welcome the professionals from Global Networkers to the BCforward team. Together we will provide exceptional service to our customers who count on us to deliver solid IT solutions,” said BCforward CEO & Founder Justin Christian. “This acquisition will allow us to continue to grow our operations and service both new and existing customers, particularly in the Southeast region of the United States.” Global Networkers, Inc. provides hardware & software integration, consulting, and staffing solutions. Bucher & Christian Consulting, Inc., doing business as BC Forward, provides consulting, outsourcing, and staff augmentation services in systems administration, project management, software development, and strategic IT planning.

WYG PLC (UK) acquired FMW Consultancy Limited (UK)
Deal Size: Unspecified Industry: Engineering consulting Date: June 2015
This significant acquisition enables WYG to expand its transport offering across the south and south west of England and south Wales. It further cements WYG’s status as one of the largest transport and infrastructure planning consultancies in the UK. FMW employs 17 staff and operates mainly from offices in Bristol, Cardiff and Manchester for clients including housebuilders Persimmon, Barratt Homes, Redrow, Dyson, and a number of retailers and commercial developers. This move is in line with WYG’s strategy of growing its core front-end consultancy offering through selective acquisitions. The range of expertise, clients and services offered by FMW complements perfectly that of WYG, thus enabling the company to enhance its transport services in key infrastructure, residential and energy markets. FMW Consultancy Limited offers advisory services on development and land use matters in the areas of transport, infrastructure, and flooding. WYG plc provides project management and technical consultancy services to customers in the public and private sectors in the United Kingdom, Europe, Africa, Asia, the Middle East, and North Africa.

Ridgefield Consulting Ltd. (UK) acquired Hunter Marshall & Company Ltd. (UK)
Deal Size: Unspecified Industry: Financial advisory Date: June 2015
The acquisition will see the existing business triple in size with the combined entity set to trade under the new name Hunter Thomas & Co at the existing offices in Botley. Simon Thomas, Managing Director at Hunter Thomas & Co, said: “We look forward to working closely with the team at Santander Corporate & Commercial and Hunter Marshall & Co as we broaden the range of services we offer to the local business community. Hunter Marshall & Co had a strong business reputation in the area and we are excited to demonstrate to our existing clients the benefits the merger will bring.” Kevin Farrell, Relationship Director at Santander Corporate & Commercial, said: “Simon Thomas and his father, Brian, have significant industry experience which has been a major contributing factor to the success of the business to date. Trading under the name Hunter Thomas & Co, the business will be able to build on its exemplary track record and ensure that the Oxford-based businesses are able to realise their future ambitions.” Both companies provide accounting services.

Lerch Bates Inc. (USA) acquired Joseph Neto & Associates, Inc. (USA)
Deal Size: Unspecified Industry: Engineering consulting Date: June 2015
Lerch Bates Inc., headquartered in Littleton, Colo., announced it has completed an acquisition agreement to purchase Joseph Neto & Associates, Inc. (JNA), headquartered in Midtown Manhattan, New York, New York. This merger expands upon Lerch Bates’ global leadership in consulting services for the building industry. Both entities are well known as specialized experts in elevator and escalator consulting and the combined resources of the two firms strengthen their positions in the tremendous New York market. “The addition of JNA to our presence in New York is extremely beneficial because of the quality reputation and excellent relationships the firm has developed over decades in New York City,” said Lerch Bates CEO and President Bart Stephan. “JNA has superior depth of technical resources and experienced personnel active in elevator and escalator new design, modernization, service and inspection businesses. We look forward to the future, leveraging the combined resources of Lerch Bates and Neto serving the elevator consulting needs of clients throughout New York.” Joseph Neto & Associates, Inc. provides vertical transportation consulting services for architects, developers, building owners, real estate management companies, healthcare and retail facilities, educational and financial institutions, hotels, public assembly, insurance companies, and attorneys. Lerch Bates Inc. provides elevator consulting services.

Crawford Advisors, LLC (USA) acquired workforcetactix, Inc. (USA)
Deal Size: Unspecified Industry: HR consulting Date: June 2015
Crawford Advisors, one of the nation’s largest and best-equipped full-service benefits consulting and brokerage firms, announces the acquisition of WorkforceTactix, Inc., a Maryland based employee benefits and HR professional services consulting firm. The firm’s 36 associates will join Crawford Advisors, but will continue to operate from their existing location in Sparks and Salisbury, Maryland. Founded in 1981, the Workforce team provides strategic expertise in health and welfare planning, voluntary benefits, human resource compliance, professional services and more. “We’ve developed a strong brand in the mid-Atlantic marketplace as a result of our strategy and talent, and have grown our platform based on feedback from our valued clients,” said WorkforceTactix CEO Christopher Swam. “As part of Crawford Advisors, we look forward to building upon our success by leveraging their national platform, gaining access to a broader selection of insurance products, and utilizing their enhanced client resources.” workforcetactix, Inc. provides employee benefits and insurance brokerage services in the mid-Atlantic region. Crawford Advisors, LLC operates as a benefits consulting and brokerage company that designs, implements, and administers health, life, disability, and voluntary benefit programs.

Armanino McKenna LLP (USA) agreed to acquire RBZ, LLP (USA)
Deal Size: Unspecified Industry: Financial advisory Date: June 2015
Accounting and consulting firm Armanino LLP is expanding into Los Angeles, merging with public accounting firm RBZ LLP. The deal combining San Ramon-based Armanino, the state’s largest independent accounting and business consulting firm with annual revenue of $155 million, with Los Angeles-based RBZ, a $40 million firm, gives the combined company locations in key metropolitan areas throughout California, the companies said. “We’ve got two elite teams coming together,” Managing Partner Andy Armanino said in statement. “And together we’ll blanket California and its largest markets. This also means a more comprehensive set of customized solutions for our clients.” RBZ, LLP is a public accounting firm that provides tax, accounting and auditing, and strategic business consulting services. Armanino McKenna LLP provides auditing and tax advisory services.

ViaWest, Inc. (USA) to acquire Applied Trust Engineering, Inc. (USA)
Deal Size: Unspecified Industry: IT consulting Date: June 2015
ViaWest, with 400 employees, provides colocation, managed services, cloud computing, and security and compliance services in 28 data centers in Colorado, Utah, Oregon, Nevada, Texas, Minnesota, and Arizona. AppliedTrust provides security, compliance, software development and infrastructure consulting services to a wide range of businesses and government clients. AppliedTrust, founded in 2001, will become a wholly owned subsidiary of ViaWest and will continue to be led by its co-founders and co-chief executives, Ned McClain and Trent Hein. “ViaWest is committed to adding new services and capabilities as part of our vision to be the North American leader in IT services,” said Nancy Phillips, ViaWest’s chief executive, in a prepared statement. “Combining with AppliedTrust allows us to provide customers with deep expertise that addresses their most pressing security and compliance needs, while keeping up with innovation and time to market.” ViaWest is a wholly owned subsidiary of Shaw Communications Inc. Last July, Canada-based Shaw Communications acquired ViaWest from Oak Hill Capital Partners and other shareholders for $1.2 billion. AppliedTrust, Inc. provides security, compliance, DevOps, and infrastructure consulting services to a range of enterprise and government clients. ViaWest, Inc. operates data centers that provide colocation, managed, and cloud services for small, medium, and large businesses in North America.

MiraMed Global Services, Inc. (USA) acquired Plexus Management Group, Inc and Plexus Information Systems, Inc. (USA)
Deal Size: Unspecified Industry: Healthcare consulting Date: June 2015
MiraMed Global Services, LLC (MiraMed), headquartered in Jackson, Michigan, is pleased to announce the acquisition of Plexus Management Group, Inc. (Plexus MG) and Plexus Information Systems, Inc. (Plexus IS). Plexus is the latest addition to join the family of MiraMed Global Services. Plexus MG is a consulting service and practice management organization that identifies and solves the technical, operational and strategic challenges that face hospitals and physician groups. Plexus IS, a leading anesthesia information management systems provider, developedAnesthesia Touch™, a comprehensive AIMS that works on an iPad and workstation, for use by hospitals, surgery centers and individual providers. Anesthesia providers can document their preoperative evaluation, intraoperative anesthesia care and post anesthesia discharge on one simple interface. Quality data capture, clinical decision support and staff resource management are some of many additional features. MiraMed, a full-service healthcare business process outsourcing (BPO) provider, believes the acquisition of these two companies will position MiraMed as an undisputed leader in the healthcare industry, from first point of care to claim adjudication. Tony Mira, MiraMed President and CEO explains, “MiraMed strives to provide a broad portfolio of customizable solutions. Our family of companies has been crafted strategically to provide end-to-end support, to improve productivity and ultimately increase value for our clients in the healthcare industry. Our subsidiary Anesthesia Business Consultants (ABC) offers practice management services to the anesthesia market. The addition of Plexus Management Group allows us to offer our clients an even greater breadth of services. And the addition of Plexus Information Services will provide synergy with ABC’s F1RSTAnalytics tool, allowing our clients an even greater level of technology than before with Plexus’ powerful Anesthesia Touch system.”

SOMOS Consulting Group Ltd. (USA) to acquire Maplesoft Group (USA)
Deal Size: Unspecified Industry: IT consulting Date: June 2015
SOMOS Consulting Group, Ltd., a management consulting and training company that provides advisory, support and professional services to companies, has entered into an agreement to acquire 100% stake in Maplesoft Group, a consulting firm that provides systems integration services to businesses. Both the companies are based in Canada. SOMOS Consulting is a subsidiary of Smart Employee Benefits, Inc. (SEB), a Canada-based technology company providing business processes software solutions and services to corporate and government clients. John McKimm, President/CEO/CIO of SEB states: “Maplesoft’s experience, resources and enviable references add to SEB’s growing Canadian presence. This acquisition is in line with our focus of deepening client relationships in government and healthcare across Canada. Maplesoft brings important client relationships, geographic diversification and complementary technology expertise that adds to SEB’s suite of solutions and services. Maplesoft’s management and workforce are very experienced and highly regarded in the marketplace, especially in the federal government where they have established important technology service offerings including such areas such as Cyber/IT Security.” Maplesoft Group provides systems integration services to businesses globally.

ManpowerGroup Inc. (USA) agreed to acquire 7S Group GmbH (Germany)
Deal Size: Unspecified Industry: HR consulting Date: June 2015
Manpower acquired 7S Group GmbH, and the acquisition is expected to close later this year for 136.5 million euros ($153 million) plus potential additional payments based on 2015 results from operations. In terms of revenue, the takeover of the 7S Group in the eastern German city of Jena is relatively small. Manpower, which ranks as No. 140 on the Fortune 500 list of largest U.S. companies, has annual revenue of over $20 billion, compared with $350 million for the 7S Group. But Germany is the industrial hub of Europe, said Mark Marcon, a securities analyst who tracks Manpower for Robert W. Baird & Co. Given Germany’s export-driven manufacturing economy, Manpower’s base in Germany is strengthened because the 7S Group focuses on skilled trades, engineering and IT. 7S Group GmbH provides human resource services in Germany and internationally. ManpowerGroup Inc. provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region.


Filed under: Consulting M&A Deals Tagged: consulting, deals, M&A, mergers and acquisitions, transactions

Consulting Sector M&A Deals for week beginning 15th June

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businessman doing handstand on the beachOMERS Private Equity (Canada) to acquire Environmental Resources Management Limited (UK)
Deal Size: $1.7 billion Industry: Environmental consulting Date: June 2015
Created in 1977, ERM is the leading global provider of environmental, health, safety, risk, social consulting and sustainability related services. ERM works with both private and public sector clients to deliver sustainable outcomes to complex environmental issues, from Board level down through the organisation. ERM has more than 4,800 employees including 600 partners and operates from 163 offices in 42 countries. It advises global and local clients spanning the oil & gas, mining, power, manufacturing, chemicals, infrastructure and pharmaceuticals sectors. ERM’s client base includes 60% of the Global Fortune 500. In recent years it has advised on the environmental and social issues of some of the largest and most complex development projects in the world. The transaction is in line with OMERS’ investment strategy; ERM occupies a market leading position in a sector with strong natural growth characteristics driven by both regulatory and societal change. With a focus on consulting rather than the direct provision of engineering services it has an independence that is highly valued by its clients. Most importantly, in John Alexander and his senior team, it benefits from an outstanding management group with a proven track record of delivering sustainable growth. Environmental Resources Management Limited provides environmental consulting services. OMERS Administration Corp. is a privately owned pension fund.

ManTech International Corporation (USA) acquired Knowledge Consulting Group, Inc. (USA)
Deal Size: Unspecified Industry: IT consulting Date: June 2015
Fairfax-based IT contractor ManTech International Corp. has acquired Reston-based Knowledge Consulting Group for an undisclosed sum. KCG, a cybersecurity advisor for both government and commercial customers, was founded in 2000. It is one of the leaders in cloud security for government agencies. About 200 KCG employees are now part of ManTech’s Mission, Cyber and Intelligence Solutions Group. ManTech says the acquisition will help raise 2015 results. “ManTech is a cyber leader and the acquisition of KCG fits with our strategy of expanding into the growing cyber services and homeland security markets,” said ManTech chief executive George Pedersen. It is the second acquisition this spring for ManTech. In April, it completed its acquisition of former Computer Sciences Corp. subsidiary Welkin Associates Ltd., in Chantilly, for $34 million. ManTech (NASDAQ: MANT) had $1.77 billion in fiscal 2014 revenue, down from $2.31 billion in fiscal 2013. Knowledge Consulting Group, Inc., a cyber security services company, provides risk management, governance, operations, and compliance services for government and commercial sectors in the United States. ManTech International Corporation provides technologies and solutions for mission-critical national security programs in the United States and internationally.

Versatile Communications, Inc. (USA) acquired Kiiro Software, Inc (USA)
Deal Size: Unspecified Industry: IT consulting Date: June 2015
Versatile Communications, Inc. is pleased to announce the acquisition of Kiiro Software, an application services firm specializing in Microsoft SharePoint, business intelligence applications, and various application development services that will assist Versatile’s clients in their IT Cloud Transition strategy. As David Cote, Versatile’s President, explains, “As our clients seek the balance between on-premise and cloud compute environments, our organization continues to deliver on its commitment to diversify its portfolio of services. Kiiro provides Versatile with the ability to help clients in many key areas including: Enhancement of end user facing applications like the Microsoft SharePoint Platform and Salesforce.com; Custom development projects utilizing .NET, LAMP, modern web and mobile technology development; Integration of leading edge premise and cloud infrastructure services like OpenStack and the entire HP Helion portfolio.” Versatile is a full-service IT solutions provider with particular expertise helping organizations achieve the best business outcomes by striking the right balance between on-site IT and the cloud, offering a comprehensive suite of managed and professional services. Kiiro Software is a leading consulting firm providing solutions and products based on the Microsoft SharePoint Platform.

G2 Consulting Group (USA) acquired Schleede-Hampton Associates, Inc. (USA)
Deal Size: Unspecified Industry: Engineering consulting Date: June 2015
G2 Consulting Group, a nationally recognized leader in geotechnical, environmental and construction engineering services, announced that it has acquired Schleede-Hampton Associates, a Birmingham, MI-based firm providing similar geotechnical engineering services to the construction industry. Founded in 1983, Schleede-Hampton will provide G2 Consulting with increased capability to meet its growing book of business while at the same time providing access to important new clients in the automotive and municipal engineering markets. The eight member Schleede-Hampton team will be integrated into G2’s Troy offices by year-end. “This acquisition fits perfectly into our planned growth strategy and will help us immediately with work already on hand,” says Mark Smolinski, P.E., G2’s president. “Plus that it will provide us access to markets that are strategically important for our future. In fact, we’ve already picked up an assignment on a major automotive facility in the south.” Schleede-Hampton Associates, Inc., an engineering company, provides consulting services in the fields of geotechnical, environmental, and construction materials engineering in Michigan, Indiana, Ohio, Minnesota, Wisconsin, and Illinois. G2 Consulting Group, LLC provides geotechnical, environmental, and construction engineering services.

Ernst & Young Global Limited (UK) to acquire Integrc (Netherlands)
Deal Size: Unspecified Industry: IT consulting Date: June 2015
EY signed a conditional agreement to acquire Integrc, a privately owned, leading provider of governance, risk and compliance (GRC) services to companies that run SAP. The acquisition, expected to complete in August,1 subject to certain conditions being met, will help cement EY’s position as an industry leader in SAP GRC services by further enhancing its end-to-end offering — from strategy to technology implementation. Integrc’s team of consultants, based in the Netherlands, UK, India and the UAE, specialize in the full lifecycle of GRC consultancy and support services, including SAP GRC operations, audit, strategy and planning, implementation, operational control and fully managed services. Upon closing, the deal will help provide EY clients with new powerful propositions in the field of GRC and help them address big, complex issues in this area. Jonathan Blackmore, EY Advisory Risk Leader, Europe, Middle East, India and Africa, says: “Integrc has unique and differentiating technology and industry insight, and we look forward to welcoming their highly skilled people into EY when we complete. Through our global alliance with SAP, we already co-create fit-for-purpose GRC technology solutions and advanced risk analytics capabilities. With this acquisition, we will be able to provide a world-class set of solutions to help our clients’ GRC operations work better.” Integrc Netherlands B.V. offers governance, risk management, and compliance services to companies that run SAP.

AssuredPartners, Inc. (USA) acquired Corporate Healthcare Strategies, LLC (USA)
Deal Size: Unspecified Industry: HR consulting Date: June 2015
AssuredPartners Inc., one of the fastest growing independent insurance agencies in the nation, announces the acquisition of StoudtAdvisors (doing business as Stoudt Advisors, Inc.). This independent insurance broker specializes in employee benefits programs and human resources consulting services to businesses of all sizes in Central Pennsylvania and beyond. The agency will continue to operate from its existing Lancaster, Pennsylvania-based office under the local leadership of CEO and President David Stoudt. As a second generation family-owned business since 1989, StoudtAdvisors helps clients develop and implement an innovative benefits package to maximize the health of their employees and business. The firm’s private health care exchange, Bright Choices, serves to support companies in managing their benefits budget. StoudtAdvisors also brings client expertise in all key human resources disciplines, including compensation, compliance, training and development, HR strategic planning and more. “As we continue our expansion efforts with AssuredPartners, we look for agencies that share Crawford Advisors’ values and commitment to excellence,” said Crawford Advisors President Reagan Crawford. “We have known David and his father, Ken for years and have always admired and respected their professionalism, entrepreneurial spirit and integrity. We warmly welcome our newest associates to Crawford Advisors and AssuredPartners.”

KPMG LLP (UK) acquired Boxwood Ltd. (UK)
Deal Size: Unspecified Industry: Management consulting Date: June 2015
KPMG in the UK announces that it has acquired Boxwood, an award winning management consultancy which specialises in the delivery of business and operational transformation. Boxwood works with ambitious CEOs and their teams to deliver complex transformation programmes that drive profitable growth. The company has over 10 years market-leading expertise in the design and delivery of new business and operating models across a range of sectors including: retail and consumer, infrastructure, TMT (telecoms, media and technology) private equity and life sciences. The acquisition of Boxwood will further strengthen KPMG’s existing management consultancy offering to the UK’s middle market, at a time when the mid-tier is particularly active and companies are increasingly driving growth agendas. Boxwood Ltd. provides management consulting services. It serves companies in consumers, financial services, infrastructure, TMT, private equity, and other industries in the United Kingdom and internationally. KPMG LLP (United Kingdom) provides accounting and management consulting services.

1Spatial Plc (UK) agreed to acquire Enables IT Group plc (UK)
Deal Size: $3.3 million Industry: IT consulting Date: June 2015
Listed software and big data group 1Spatial, based in Cambridge, has agreed to acquire Enables IT Group, an IT management consultancy service provider with offices in the UK and the US. Marcus Hanke, chief executive of 1Spatial, said: “I am delighted to announce the news today of our potential acquisition of Enables IT Group plc. 1Spatial Group is a big data and geospatial technology provider with the strategic goals to expand into other geographic markets, strengthen our strategic partnerships, enhance and increase our product offerings, and support other vertical sectors. Given our history and recent success globally and our ambitious growth plans we believe this acquisition will provide us with expert capabilities within the group to provide IT infrastructure services and globally robust cloud based offerings, along with increased routes to market.” Enables IT Group plc, together with its subsidiaries, provides IT managed services to healthcare professionals in the United States and Europe. 1Spatial plc develops and sells IT software products and solutions in the United Kingdom, Ireland, Australia, and mainland Europe.

Cambridge EnerTech (USA) acquired Advanced Automotive Batteries, Inc. (USA)
Deal Size: Unspecified Industry: Business consulting Date: June 2015
Cambridge EnerTech, a division of Cambridge Innovation Institute, announced the acquisition of Advanced Automotive Batteries’ bi-annual conferences, AABC US and AABC Europe. For over 15 years, the International Advanced Automotive Battery Conference (AABC) has attracted professionals from the hybrid and electric vehicle world and their battery system suppliers, to stimulate the sharing of experiences and views. Phillips Kuhl, President of Cambridge Innovation Institute says, “We are delighted to be able to add these two very successful and focused conferences to our growing lineup of rechargeable battery events. For over a decade, Dr. Anderman has provided high quality programs and networking opportunities at AABC, and we look forward to adding the International Advanced Automotive Battery Conferences into the Cambridge EnerTech portfolio.” Advanced Automotive Batteries, Inc. offers consulting services focusing on the energy storage technology. Cambridge EnerTech, Inc. provides conference and exposition for the energy storage industry.


Filed under: Consulting M&A Deals, Uncategorized Tagged: consulting, deals, M&A, mergers and acquisitions, transactions

Consulting Sector M&A Deals for week beginning 22nd June

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businessman doing handstand on the beachErnst & Young (UK) to acquire Integrc (Netherlands)
Deal Size: Undisclosed Industry: IT consulting Date: June 2015
Ernst & Young signed a conditional agreement to acquire Equiteq’s client, Integrc. Integrc is a privately owned, leading provider of governance, risk and compliance (GRC) services to companies that run SAP. Through their award winning RouteONE portfolio, they help clients maximise the value of SAP GRC to improve their business performance. Headquartered in the Netherlands, Integrc operates from a number of locations across the world including the UK, India, the Middle East and Africa. The acquisition will help cement EY’s position as an industry leader in SAP GRC services by further enhancing its end-to-end offering — from strategy to technology implementation. Ernst & Young is a professional services company.

Spada Limited (UK) is to merge with Infinite Public Relations LLC (USA)
Deal Size: Undisclosed Industry: Media consulting Date: June 2015
Spada, the UK’s leading specialist professional services communications consultancy, is to merge with US counterpart, Infinite PR, to create the leading independent global consultancy dedicated to advising professional and knowledge-intensive business services. The merged firm – to be called Infinite Spada – will have offices in London, New York and San Francisco, more than 45 consultants and an initial turnover of more than $7 million (or £4 million). The combination will enable Infinite Spada to service global, as well as national and regional communications briefs. Infinite Spada’s clients will span the legal, real estate, property, infrastructure and construction, corporate, pensions and asset management, accountancy and not-for-profit sectors. The new combined platform will enable the merged firm to deliver the full mix of communications support, including media relations, branding, digital and creative services, business development, research, film, content marketing, crisis management and litigation support.

Accenture (Ireland) is to acquire Brightstep AB (Sweden)
Deal Size: Undisclosed Industry: Media consulting Date: June 2015
Accenture is set to acquire Brightstep, a Swedish digital consulting company focusing on digital content and commerce solutions. The purchase of the Stockholm-based Brightstep will enable Accenture Interactive to offer expertise of professionals trained in digital commerce solutions from Intershop, hybris software and Adobe. Accenture did not disclose terms of the transaction. Brightstep, employing more than 60 people, provides services for digital platform selection, development, implementation and maintenance delivered to companies in the retail, fashion, telecommunications and resources industries. The company, founded in 2001, delivers consulting and implementation work around Adobe Marketing Cloud solutions, including Adobe Experience Manager, Adobe Analytics and Adobe Target. Accenture provides management consulting, technology and business process outsourcing services worldwide.

Proxio Inc (USA) acquired PCMS Consulting (USA)
Deal Size: Undisclosed Industry: Media consulting Date: June 2015
Proxio, Inc., the Silicon Valley-based provider of multilingual marketing and collaborative networking solutions to the international real estate industry, has acquired Miami-based PCMS Consulting. The news comes along with plans to rapidly expand operations on a global scale, and Proxio now has the ability to extend consulting services to its brokerage clients. PCMS Consulting will operate as a subsidiary and will not change the way it currently does business or its clientele. The services that Proxio offers, including its ProxioPro platform, will be maintained. Founded in 2007, PCMS Consulting was created to help brokerages build their business. Its offerings are all available a la carte and include mobile real estate search, a fully integrated CRM and mobile-friendly website, marketing analytics, post-close marketing, real estate search engine optimization, agent recruiting and more.

Spotify AB (Sweden) acquired Seed Scientific (USA)
Deal Size: Undisclosed Industry: IT consulting Date: June 2015
Music streaming company Spotify today announced that it has acquired Seed Scientific, a consulting confirm that specializes in data science and analytics. The acquisition is helping Spotify start a new advanced analytics team “that combines cutting-edge math, science, design, and engineering to craft insights, models, and tools with data,” according to a statement. IPO-bound Spotify clearly wants to improve its operations as it faces competition from Google and Apple, among others. Spotify is a Swedish DRM-based music streaming service offering streaming of selected music from a range of major and independent record labels. Earlier this month Spotify said it had 75 million users, 20 million of whom pay for the service.

Arcadia Healthcare Solutions (USA) acquired Sage Technologies (USA)
Deal Size: $28 million Industry: IT consulting Date: June 2015
EHR data aggregation/analytics and IT consulting firm Arcadia Healthcare Solutions announced the acquisition of managed services and ACO implementation provider Sage Technologies. The acquisition will help strengthen Arcadia’s position as a market leader in full-service managed care – the end-to-end blended technology and services capability to help healthcare leaders efficiently manage their business in a value-based setting. Sage Technologies offers managed services and operations support to health care providers and insurance companies that operate in a shared financial risk and managed quality of care environment.

Vox Telecom (South Africa) acquired Wishlist Corporation (Japan)
Deal Size: Undisclosed Industry: IT consulting Date: June 2015
Vox Telecom has expanded its consulting and integration capabilities, with the acquisition of Wishlist Corporation, a certified Microsoft Dynamics partner. The acquisition makes Vox Telecom, through its Microsoft Consulting and Software Integration division, one of the largest Microsoft Dynamics partner for the mid-market in southern Africa. “One thing we are certain of, is that companies are becoming increasingly dependent on cloud-based solutions and even more dependent on bandwidth. Our ability, through our expertise, and Vox Telecom’s infrastructure, to offer these critical functions, under one banner is very exciting and presents a number of opportunities,” says Neville Levinthal, former shareholder of Wishlist Corporation, and business development manager for Vox Telecom’s Microsoft Consulting and Software Integration division. Vox Telecom, an independent telecommunications company, provides voice and data services to consumer and business customers in South Africa.

Roland Berger Strategy Consultants (Germany) acquired FMC Consultants (Germany)
Deal Size: Undisclosed Industry: Strategy consulting Date: June 2015
Roland Berger, leading strategy consulting firm, has acquired FMC Consultants, a Germany-based consultancy that specialises in restructuring advisory. FMC Consultants, provides services in the area of strategy, turnaround management, corporate finance and business optimisation, and is led by a team of five partners working out of offices in Bremen, Düsseldorf, Hamburg and Stuttgart. For Roland Berger, restructuring is one of the key areas of its heritage and current service portfolio, in particular in its home market Germany. In line with its ambition to grow its footprint in the field and beyond – the consultancy has set the ambitious goal to triple in size in the coming years – Roland Berger has decided to purchase FMC Consultants. With the move, the consultancy further deepens and broadens its restructuring expertise, and brings its total number of restructuring experts in Germany beyond the mark of 120, a tally which in its view makes it the “market leader”.

Xurpas Inc (Philippines) acquired a majority stake in Seer Technologies (Philippines)
Deal Size: $0.4 million Industry: IT consulting Date: June 2015
Online games developer Xurpas Inc. acquired a majority stake in Seer Technologies Inc., a software consultancy firm focused on mobile, cloud and data technologies. The company said it acquired 70 percent of Seer for about P18 million and an earn-out amount corresponding to a fixed percentage of Seer’s net income after tax for the years 2015 to 2017. “The acquisition of Seer enhances our ability to provide mobile solutions for our enterprise clients. As consumers move from being Web to mobile-centric, corporations will need to have a strong presence on phones, tablets and other devices. For years, Seer has been a leader in the mobile platform development space, and is perfectly positioned to serve this rapidly growing industry,” said Xurpas’ CEO Nico Jose Nolledo.

Programme Maintenance Services Ltd. (Australia) merged with Skilled Group (Australia)
Deal Size: $460 milion Industry: HR consulting Date: June 2015
Programme Maintenance Services provides staffing, maintenance and facility management services primarily in Australia and New Zealand. Skilled Group offers a complete set of staffing solutions including onshore and offshore total workforce management flexible labor solutions and project-based workforce solutions. Mr Sutherland, managing director of Programmed Maintenance Services, predicts a wave of outsourcing of labour by Australian companies in a lower-growth economy. He specifically said that the merger made sense at a time when Australian companies are looking to trim costs and seeking partnerships with strong local labour hire entities with a robust balance sheet.

North State Communications (USA) acquired Stalwart Systems Group (USA)
Deal Size: Undisclosed Industry: IT consulting Date: June 2015
North State Communications, a mainly rural service provider, is acquiring IT security integrator Stalwart to advance its movement into the cloud and managed services space. The companies did not disclose the terms of the agreement. The addition of Stalwart’s consulting and engineering capabilities will enable North State to help the business customers’ network security concerns as they migrate to the cloud. This acquisition also illustrates that cloud-based services are not just important for businesses in big cities, but also in smaller towns and cities. Royster Tucker III, CEO of North State Communications, said in a release that the acquisition helps it address new cloud service revenue opportunities while addressing emerging “IT challenges facing businesses today.”


Filed under: Consulting M&A Deals Tagged: consulting, deals, M&A, mergers and acquisitions, transactions

Consulting Sector M&A Deals for week beginning 13th July

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businessman doing handstand on the beachSolvere One (USA) acquired V-Oasis (USA)
Deal Size: Undisclosed Industry: IT consulting Date: July 2015
Solvere One, a leading provider of managed IT support and consulting services in the Washington, DC area, has expanded its network of services by acquiring cloud computing company V-Oasis. V-Oasis provides a broad range of security-focused managed services and private cloud hosting solutions. “With this acquisition, we will be able to provide our clients with state-of-the-art infrastructure, in a facility leading in security and data availability, to meet the demands of evolving technology and a more efficient workforce, while maintaining the high level of customer service and support we have been known for since 1997,” said Greg Roney, president and CEO of Solvere One. “We are thrilled to be able to expand our services to help DC metro area businesses grow.”

EPAM Systems Inc (USA) acquired NavigationArts LLC (USA)
Deal Size: Undisclosed Industry: Media consulting Date: July 2015
EPAM Systems, Inc. (NYSE:EPAM), a leading global provider of product development and software engineering solutions, announced today its acquisition of NavigationArts, a digital strategy and experience design firm. The acquisition will enhance EPAM’s ability to provide digital consulting, architecture and content solutions to customers in North America and beyond. Headquartered in McLean, VA, NavigationArts combines business and customer experience consulting with a strong content management systems practice. “Experience platforms have become the backbone of our customers’ multi-channel engagement strategies” said Arkadiy Dobkin, EPAM CEO and President. “The expertise of NavigationArts in architecting and deploying Adobe, Sitecore and Drupal-based solutions, combined with their proven ability to act as a strategic advisor to Fortune 500 clients, makes them an exciting addition to our fast-growing Digital Engagement practice”.

Trinity Consultants Inc (USA) acquired Minnow Enviromental Inc (Canada)
Deal Size: Undisclosed Industry: Environmental consulting Date: July 2015
International environmental consulting firm Trinity Consultants, Inc. announced its acquisition of Minnow Environmental Inc., a specialty consulting firm focused on aquatic ecology with offices in Georgetown, Ontario and Victoria, British Columbia. Trinity’s Director of Corporate Development John Drennan commented on the transaction, “Although Trinity is best known for its air quality expertise, our acquisition strategy is focused on integrating with companies that are best in breed in their EHS service area. Minnow has a stellar reputation in Canada, providing highly technical scientific services to the mining industry. We look forward to helping Minnow grow, leveraging its strong brand and excellent technical team.” Speaking on Minnow’s behalf was company founder and Principal Cynthia Russel, “We are very excited about becoming part of the Trinity group of companies and see this merger as an excellent fit given our similar client-centric culture focused on quality, service and technical excellence. We look forward to mirroring Trinity’s success in the air market with growth of aquatic sciences services.”

Deloitte (USA) acquired Compliance Implementation Services (USA)
Deal Size: Undisclosed Industry: Compliance consulting Date: July 2015
Deloitte today announced the acquisition of substantially all of the assets of Compliance Implementation Services (CIS), a leading life sciences compliance consulting firm. CIS will join Deloitte Advisory as part of its regulatory compliance market offering. Effective immediately, the business will operate as “CIS by Deloitte”. “The companies we serve are facing a rapid pace of regulatory change. These clients know the potential impact that non-compliance can have on their brand and reputation and, ultimately, their business,” said Owen Ryan, chief executive officer of Deloitte Advisory. “The addition of CIS to Deloitte enables us to empower clients in the life sciences and health care industry with innovative managed solutions and top-quality advisory services to help them navigate these changes successfully.” “CIS’s commitment to monitoring industry regulations in support of clients mirrors Deloitte’s commitment to the same,” said Mel Walker, chief executive officer at CIS. “Together with Deloitte, we will be able to broaden our global reach, and offer more impactful services in compliance and risk management.”

Eide Bailly LLP (USA) plans to acquire Kyazma Business Consulting LLC (Canada)
Deal Size: Undisclosed Industry: IT consulting Date: July 2015
Eide Bailly LLP plans to acquire Utah-based cloud computing firm Kyazma Business Consulting. The deal adds 35 employees and Salesforce software to Eide Bailly’s growing technology consulting business. “Technology is critical to the operations of nearly every business. As leading business advisors, we actively look for ways to expand our technology consulting services in order to provide our clients with a better way to do business,” said Dave Stende, managing partner and CEO of Eide Bailly. “Adding Kyazma Business Consulting gives us a powerful suite of cloud-based technology solutions for our clients.” Eide Bailly is a certified public accounting and business advisory firm.

Trianz Inc (USA) plans to acquire Axon Networks (India)
Deal Size: Undisclosed Industry: IT consulting Date: July 2015
Trianz acquired Axon Networks, a premium service provider of cloud consulting, implementation and operations services. Trianz enables business and technology leaders in the formulation and execution of operational strategies. Its practices such as digital transformation, analytics & information management, enterprise applications, mobility and infrastructure management help leaders in various business operations and their IT counterparts leverage technology paradigms to transform their organizational capabilities. IT Infrastructure Management Services have been a core practice of Trianz for over a decade with a reputation of delivering IT Service Management services to leading corporations worldwide. Axon Networks provides strategy to implementation services in the cloud and is a leading provider of Amazon Web Services, Openstack and Microsoft Azure. This acquisition allows Trianz to gain a competitive edge while positioning them to offer a greater range of services in the Cloud & Infrastructure space.

Emtec Inc. (USA) acquired Intelenex Inc. (USA)
Deal Size: Undisclosed Industry: IT consulting Date: July 2015
Emtec, Inc., a leading IT consulting firm that provides transformational digital solutions, announces the acquisition of Intelenex. Based in Santa Rosa, California, and Denver, Colorado, Intelenex (www.intelenex.com) is a leading Oracle Cloud (Fusion) applications partner with over 50 successful Oracle Cloud implementations. Intelenex provides advisory, implementation and managed support services for Oracle’s Cloud Suite of Applications, with a specialized focus in Enterprise Resource Planning (ERP) and Human Capital Management (HCM). “This strategic acquisition both deepens and expands our primary service offerings,” said Sunil Misra, President of Emtec, Inc., “and this transaction strongly positions Emtec to address the rapidly growing client demand for scalable, feature-rich cloud-based business application solutions. Intelenex has been a pioneer in Oracle Cloud solutions and we are very excited to have them join Emtec.

Deloitte (USA) acquired System Dynamics Group (Ireland)
Deal Size: Undisclosed Industry: IT consulting Date: July 2015
Professional services firm Deloitte has announced the acquisition of IT consulting company System Dynamics. Dublin-based System Dynamics has been providing IT consultancy services to a wide range of Irish and UK clients for over 40 years and the acquisition will significantly increase Deloitte’s presence in the sector. Under the deal, all 200 System Dynamics staff will transfer to Deloitte. Commenting on the acquisition, Deloitte managing partner Brendan Jennings described it as an extremely positive development for the firm in Ireland. “We have experienced huge growth in demand for our technology consulting services including digital, analytics, fintech and cloud services, as well as broad demand for more traditional IT and enterprise resource planning services.

The Economist Intelligence Unit (USA) acquired Canback & Company LLC (USA)
Deal Size: Undisclosed Industry: Management consulting Date: July 2015
The Economist Intelligence Unit (The EIU) has announced the acquisition of Canback & Company. Canback is a leading management consulting firm specialised in leveraging predictive analytics to generate insights for consumer-facing clients. It uses sophisticated analyses of market, consumer, and internal company data, to help clients draw reliable, fact-based conclusions about present and future opportunities. Canback works globally with multinational companies as well as with local firms in many sectors, including consumer goods, retail, cellular services, and financial services. Robin Bew, managing director of The EIU, said: “I’m hugely excited to have Canback joining The EIU. The rigour of its analytical approach is impressive—and that is why companies worldwide have turned to it for the information they need to solve real-world problems and to find new opportunities. From the first moment I saw its capabilities, I recognised a perfect fit with The EIU’s work and believe that the two businesses can achieve much more together than either could separately.” Canback will complement The EIU’s consumer markets practice, which provides data-driven solutions to consumer-facing industries, helping them to enter new markets and be more successful in current markets.

HORIBA Ltd (Japan) acquired Mira Ltd (UK)
Deal Size: Undisclosed Industry: Engineering consulting Date: July 2015
Japan-based HORIBA, a leading supplier of automotive test systems, is acquiring the global advanced vehicle engineering, research and product testing business operated by UK-based MIRA. The acquisition enables HORIBA to add new products and services at the cutting-edge of next-generation mobility development in areas such as autonomous vehicles, electric vehicles and ultra-low fuel consumption vehicles. By this integration, HORIBA can provide a comprehensive solution underpinned by a suite of test systems and advanced vehicle engineering capabilities. Collectively, the two companies have 140 years of experience in their respective fields, with both celebrating 70 years of operation in 2015/16. The sale will allow MIRA to continue with its plans for growth by building on its reputation in vehicle R&D, engineering and testing. The sale will also allow MIRA to invest in its current facilities and enhance its capabilities on a global scale.

NATIONAL Public Relations Inc (Canada) acquired The Equicom Group (Canada)
Deal Size: Undisclosed Industry: Communications consulting Date: July 2015
NATIONAL Public Relations, Canada’s leading public relations firm and one of the world’s leading independent communications firms, today announced the acquisition of the business of Equicom, Canada’s leading investor relations and financial communications firm, from TMX Group. “With the addition of Equicom, NATIONAL can now offer a level of strategic support to clients that is unmatched by any firm in Canada. Deep investor and capital markets know-how complements our existing integrated communications capability to provide support and counsel that directly contribute to our clients’ business success,” said Andrew Molson, Chairman of RES PUBLICA Consulting Group, which owns NATIONAL. “We’re incredibly excited that Equicom’s talented team is joining NATIONAL.”

Ipsos SA (France) acquired Research Data Analysis Inc (USA)
Deal Size: Undisclosed Industry: Market research Date: July 2015
Ipsos announced the acquisition of RDA Group, a global provider of quality-tracking and customer-satisfaction studies serving the world’s largest auto manufacturers. With this acquisition, Ipsos aims to develop an integrated global product offering in the field of Quality Tracking. RDA Group is an innovative, consultative process driven company, recognized for its ability to integrate data from multiple databases (survey returns, proprietary client-specific processes, product and engineering metrics), generating high-value strategic insights and actionable recommendations. This acquisition is complementary from a market and client perspective and provides efficiency and synergy opportunities: i) while Ipsos has strong leading positions in Latin America, Europe, South Africa and China, RDA Group has solid positions in the US market, ii) the client portfolio of the combined entities gives Ipsos a much stronger footprint in the automotive industry, ii) RDA Group’s quality-measurement and reporting platforms will strengthen Ipsos’s existing syndicated club-studies. Combining RDA Group’s strengths with the recognized expertise of Ipsos Loyalty in the automotive area, Ipsos clients will be able to benefit from powerful, actionable and cost-effective quality and customer satisfaction measures across all of their markets, easily accessible within their organisations.

MindTree Limited (India) to acquire Bluefin Solutions Ltd (UK)
Deal Size: $66 million Industry: IT consulting Date: July 2015
Mindtree has acquired Bluefin Solutions, an IT consultancy with particular expertise in SAP software. Krishnakumar Natarajan, chief executive and managing director of Mindtree told BCN the move will help boost its European presence and its competencies around IoT, in-memory computing, and mobile. Headquartered in the UK, Bluefin delivers a range of IT consultancy services with a specialisation in SAP technology, and Natarajan said the acquisition will bolster its reach in traditional European enterprises and public sector organisations, and create opportunities to bring its HANA cloud expertise to the US. “SAP is not only a powerhouse of innovation, it is the commercial backbone of many of the largest global enterprises,” Natarajan said. “Mindtree and Bluefin can now offer unique integrated front-end, back-end and support services with unrivalled expertise on a global scale. This is essential to truly global organisations looking to use technology to digitize the entire value chain. Mindtree delivers digital transformation and technology services from ideation to execution enabling Global 2000 clients to outperform competitors.


Filed under: Consulting M&A Deals, Uncategorized Tagged: consulting, deals, M&A, mergers and acquisitions, transactions

Consulting Sector M&A Deals for week beginning 20th July

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businessman doing handstand on the beachReynolds Porter Chamberlain (UK) acquired Marriott Sinclair (UK)
Deal Size: Undisclosed Industry: IT consulting Date: July 2015
RPC Consulting has acquired UK-based software and consultancy business, Marriott Sinclair. Marriott Sinclair, which was formed in 2012, provides software and actuarial consultancy to the insurance, banking, and wider financial services communities. The company has developed a software solution called ‘tyche’, a state of the art financial modelling tool that explores the many uncertainties affecting the financial outcome of projects, strategies or business opportunities. It helps to empower clients struggling with decision making, particularly in a regulatory environment demanding an ever greater awareness of risk. RPC Consulting was established in early 2015 with the appointment of Rory O’Brien, who is the Managing Partner. It offers actuarial and general management consultancy services to clients in the insurance sector. “The team at Marriott Sinclair has significant expertise in the insurance consulting sector and its propriety software product, tyche, is a game changer in the insurance market. The fit is perfect for RPC Consulting because it adds additional consulting capability and breadth to our current offering and provides an excellent software platform that will support much of the advisory work that we will provide to clients. The software is game changing in terms of speed and usability and as one of the only truly independent providers of these combined consulting and software solution in the market we see a significant differentiator for RPC Consulting,” said Rory O’Brien, RPC’s Managing Partner.

Accenture (Ireland) acquired Chaotic Moon (USA)
Deal Size: Undisclosed Industry: Media consulting Date: July 2015
Accenture has acquired Chaotic Moon, a creative technology studio that creates and develops user-centered experiences for leading brands, strengthening its full suite of marketing and digital services provided by Accenture Interactive, part of Accenture Digital. Terms of the transaction were not disclosed. Chaotic Moon has capabilities in experience strategy, digital design, prototyping, and development. The acquisition provides Accenture Interactive with expanded rapid prototyping and creative technology capabilities, as well as a regional foothold in the talent-rich Texas market. The studio is known for its adventurous style, boundary-pushing technology, and a methodology that pairs designers with developers on rapid co-creation — from concepting to delivery. “Chaotic Moon is a natural extension of our capabilities and allows us to expand geographically into Austin, with its strong base of designers and engineers. Together, we will work to fulfil our ambition at Accenture Interactive to be a market leader in experience design, marketing, content and commerce for the world’s biggest brands,” said Brian Whipple, senior managing director, Accenture Interactive.

General Industries plc (UK) agrees to acquire Altair Consultancy and Advisory Services (UK)
Deal Size: £6.6 million Industry: Housing consulting Date: July 2015
Investing company General Industries PLC said it has agreed a reverse takeover of Altair Consultancy and Advisory Services Ltd for GBP6.6 million, as it posted a loss for the year to the end of March. General Industries said it will acquire Altair, which provides consultancy services on affordable housing, for GBP6.6 million, to be paid for via the issue of 21.2 million new General Industries shares. That gives the shares a value of 31.1 pence per share. Shares in General Industries were untraded Tuesday, having last traded at 31.00p. The 21.2 million shares being issued to the sellers of Altair will represent 67.3% of the enlarged capital of the combined company. General Industries said it believes there is a strong and growing market for consultancy services provided to local authorities, housing associations, charities, property companies and government departments focused on affordable housing.

Prophet Inc (USA) acquired Altimeter Group (USA)
Deal Size: Undisclosed Industry: Business consulting Date: July 2015
Technology research firm Altimeter Group has been acquired by brand and marketing strategy consultancy Prophet. While financial terms of the deal were not disclosed, it’s likely that Prophet bought Altimeter to add more expertise to its ranks, in order to show customers how to better act on digital transformation within their business. Altimeter Group bills itself as a research and strategy consulting firm that helps companies better understand and act on disruption. “The rapid advances in digital technology and data, along with seismic shifts in customer behavior, have challenged many companies’ ability to stay relevant,” says Prophet CEO Michael Dunn. “The addition of Altimeter’s roster of analysts…who have authored much of the influential research on these critical topics — is a key next step for our firm and our continued growth.” Prophet bills itself as a consultancy that “fuses insights, strategy, creativity, and imagination” to help grow better brands. The acquisition of Altimeter is likely meant to aid Prophet in creating a one-stop shop for customers. Not only will better brands be built, but clients will now receive research and analysis about industry topics that pertain to their use of technology in the enterprise space.

Blue Star Infotech (India) to acquire the remaining stake in associate Business Intelligence and Analytics firm (India)
Deal Size: Undisclosed Industry: IT consulting Date: July 2015
Blue Star Infotech Ltd, a Mumbai-based technological consulting services provider, has received its board approval to acquire remaining 51.03 per cent stake in Blue Star Infotech Business Intelligence and Analytics Pvt Ltd, for an undisclosed amount, according to a stock market disclosure. Post acquisition, Blue Star Infotech Business Intelligence will become a wholly-owned subsidiary of Blue Star Infotech. In 2013, Blue Star Infotech had acquired 48.97 per cent stake in ActiveCubes Solutions India Pvt Ltd post which it got renamed as Blue Star Infotech Business Intelligence and Analytics. Founded in 2007, Bangalore-based Blue Star Infotech Business Intelligence provides analytics and business intelligence solutions. It transforms data into intelligence and caters its services to consumer packaged goods, retail, telecom and health care sectors, besides financial institutions. Part of Blue Star Group that is better known for the air-conditioning business, Blue Star Infotech provides services like mobility services, cloud computing, analytics and business intelligence, product engineering, testing, package implementation and applications.

KPMG (Netherlands) acquired High-Point Rendel (UK)
Deal Size: Undisclosed Industry: Management consulting Date: July 2015
KPMG has acquired the strategic management and commercial consulting arms of High-Point Rendel, in another move to boost its specialist advisory expertise. High-Point Rendel offers commercial, contractual, programme and risk management services to clients who primarily operate in the energy, transportation, oil and gas sectors. KPMG’s Major Projects Advisory team will take on 35 staff from High-Point Rendel, and the new practice will be known as KPMG-HPR. Advisory head at KPMG, Richard Fleming, said that this acquisition “marks a step-change for KPMG both in the UK and globally.” He added: “Global investment in infrastructure is growing at an exponential rate, with spend predicted to reach £45 billion in the UK during 2016 alone. Our clients are grappling with increasingly ambitious and complex projects, which bring with them unfamiliar risks, amplified by the additional complexity that global supply chains bring.” HPR chairman Cockshaw commented: “The HPR team is extremely excited about being an important part of a composite and full service global and local offering with the clear expectation of becoming the world’s premier major project advisor.”

Cartesian Inc (USA) to acquire Farncombe Consulting Group (UK)
Deal Size: $5.8 Industry: IT consulting Date: July 2015
Cartesian™, a leading provider of consulting services and managed solutions to the global communications, technology and digital media industries, agreed to acquire Farncombe Technology Limited, a consulting and advisory services provider to the digital TV sector. Farncombe specializes in digital TV services and offers high-caliber technical and strategy consulting, implementation services, content security, and testing. The company has a global 100-plus client roster, which includes leading service providers, broadcasters, platform operators, and technology firms. “Farncombe is highly respected within the digital TV sector,” said Peter Woodward, Cartesian CEO. “Farncombe leaders and consultants are known experts in video, digital rights, content and security across multiple platforms, including broadcast, mobile and broadband networks. In addition to serving a complementary client base, Farncombe better positions Cartesian to support the growing digital TV needs of communications service providers in North America and EMEA. We expect the acquisition to be accretive, and provide tremendous cross-selling and upselling opportunities across our combined customer base, particularly in strategy and analytics.” Steve Upton, Managing Partner of Farncombe, commented: “We are pleased to be joining Cartesian, a firm that also values excellence in delivery, analytics, and technology advancement, along with a strong ambition for growth. We look forward to bringing our services to Cartesian clients and delivering an expanded offering to our existing client base.”

H-Farm Ventures (Italy) acquired Nuvò (Italy)
Deal Size: Undisclosed Industry: Management consulting Date: July 2015
Italy-based digital startup accelerator H-Farm acquired 100% of Nuvò, an Italian consulting services company which specializes in the digital transformation of businesses. The amount of the deal was not disclosed. With this acquisition, H-Farm aims to reinforce its presence in the area of business services, integrating and increasing its current unit.

Digital Insurance (USA) acquired Compass Consulting Group and Prospective Risk Management Corporation (USA)
Deal Size: Undisclosed Industry: HR consulting Date: July 2015
Digital Insurance, the nation’s largest employee benefits-only company and a subsidiary of Fidelity National Financial (FNF), has acquired Compass Consulting Group and its affiliate Prospective Risk Management (PRM), both headquartered in Jacksonville, Fla. Compass Consulting and PRM are premier providers of employee benefits consulting and health care risk management services. The transaction underscores Digital’s strategy of expanding its national platform to include complementary lines of businesses. “Compass’ consultants are experts in the design and management of benefits solutions for an array of businesses including large employers, private equity arrangements, associations, and in particular, many of the largest PEOs (Professional Employers Organizations) in the country,” says Adam Bruckman, president and CEO. “Digital’s continued growth in the employee benefits industry through the Compass and PRM acquisitions are market opportunities which create synergies and value for our organizations,” adds Brent Bickett, president of FNF. “It also provides additional diversification for FNF into this market, which will increase shareholder value and further strengthen our organization.”

Acumin Consulting (UK) merges with RedSnapper Recruitment (UK)
Deal Size: Undisclosed Industry: HR consulting Date: July 2015
Acumin Consulting, the market leading Cyber Security Recruitment firm will merge with Red Snapper Recruitment, the market leading criminal justice staffing services business in the UK. The merger brings together two innovative and well respected niche companies with a portfolio of leading edge recruitment and Executive Search services, that specifically help address the growing Global Cyber Security Threat. Martin Jerrold, newly appointed managing director of the group companies said of the merger, “The delivery capability of the two companies to provide bothCyber Security Professionals as well as Trained Forensic and Investigations staff across Government and the Commercial sectors is a truly unique proposition. We are looking forward to playing an instrumental part in the defence of the UK National Infrastructure, by helping to find and develop talent – the biggest challenge this market faces!” Red Snapper has been traditionally strong in the public sector whereas Acumin has always been more focussed in the commercial markets with a strong international reach.

Tyco International (Ireland) acquired Experian FootFall Limited (UK)
Deal Size: £38.5 Industry: IT consulting Date: July 2015
Tyco Retail Solutions, the retail performance and security business of Tyco announced today that it has acquired FootFall, a global retail intelligence leader, from Experian, plc, for £38.5 million (US$60 million) in cash. FootFall provides thousands of retailers and retail property owners with end-to-end technology, services and retail analytics solutions to collect, measure, and analyze customer traffic in their stores and property portfolios. FootFall manages over 50,000 devices installed in approximately 13,000 retail sites, which capture over 15 billion shopper visits across 11 markets in Europe, Asia Pacific, and North America. For two decades, FootFall has been a trusted advisor and intelligence expert with a proven track record of rolling out scalable, integrated solutions to multinational retailers. Together, FootFall and Tyco Retail Solutions will accelerate commercial delivery of shopper analytics and traffic intelligence solutions for retailers worldwide. The combined offering, deployed through Tyco’s global professional services and installation network, helps retailers drive revenue, optimize operations and enhance merchandising programs. “The FootFall acquisition not only complements our existing portfolio of information-based store performance solutions for our retail customers, but also is consistent with Tyco’s growth and innovation strategy,” said Nancy Chisholm, President, Tyco Retail Solutions. “This strategic investment positions Tyco as a leading provider of traffic intelligence solutions globally, while strengthening and differentiating our Internet of Things (IoT) solutions that deliver real-time visibility with predictive capabilities into inventory, shrink and shopper behavior.” The addition of FootFall to Tyco’s operations is expected to generate approximately $39.0 million in revenue on an annualized basis.

Economics Advisors LLC (USA) to merge with Peters Advisors LLC (USA)
Deal Size: Undisclosed Industry: Business consulting Date: July 2015
Economics Partners LLC and Peters Advisors LLC have formed an alliance and agreement of merger, to build the premier transfer pricing and tax valuation firm in the United States. The firms will combine aspects of their operations immediately. They plan to merge fully by the end of 2015, after which they will do business as Economics Partners. Tim Reichert, founder and CEO of Economics Partners, said “Dan and I have worked together for many years, and share a common vision for what we want to achieve. This combination will create the premier shop in our space.” Dan Peters, founder and CEO of Peters Advisors, agreed and said: “We’re going to build upon our platforms, which are uniquely attractive to both clients and practitioners. Our clients can expect insightful advice provided by our senior professionals, who operate without high overhead costs and unnecessary constraints.” The combined firm has offices in Denver, New Jersey, Washington, D.C., Philadelphia, and Tel Aviv. The combined firm offers 13 partners, and more than 40 professionals serving clients. Economics Partners has a strong focus on detailed economic analysis, development of analytical models solving transfer pricing’s most difficult issues. Peters Advisors’ primary focus has been on assisting clients in managing their end-to-end tax valuation and transfer pricing function, from transactional planning through to the execution of operational transfer pricing, compliance and audit defense.

Accenture (Ireland) to acquire EnergyQuote JHA (UK)
Deal Size: Undisclosed Industry: Business consulting Date: July 2015
Accenture has entered into an agreement to acquire EnergyQuote JHA, a Pan-European energy management and procurement services provider. The acquisition will bolster Accenture’s energy procurement capabilities in Europe and further enhance its ability to deliver energy management as-a-service to clients. Terms of the deal were not disclosed and the acquisition is subject to the satisfaction of customary closing conditions. Headquartered in London, EnergyQuote JHA provides services including energy procurement, risk management and strategy development, forecasting, energy contract management, portfolio management, carbon emissions reduction and utility bill management to clients in more than 22 European countries. “Clients are increasingly seeking a single provider of energy procurement and management services that can address the full spectrum of needs – from reducing demand and risk to improving pricing and payment accuracy – across all geographies,” said Mike Salvino, group chief executive, Accenture Operations. “This acquisition will extend Accenture’s industry leading position in the procurement market and enhance our ability to provide comprehensive energy management services, putting us in an even better position to provide innovative business process services that deliver business outcomes to our clients.” Accenture provides management consulting, technology, and business process outsourcing services worldwide.

GECI International S.A. (France) to acquire Eolen Group (France)
Deal Size: $1.2 million Industry: IT consulting Date: July 2015
The GECI International Group announces the acquisition of Eolen Group, a consulting and IT engineering services firm. This transaction enables GECI International to develop its position in France and abroad, while increasing its expertise on high value markets. The Eolen Group is a France-based consulting and IT engineering company focused in advanced technology, offering diversified and highly specialized services in four main areas: (i) infrastructure, (ii) design and application development, (iii) computer Industrial and (iv) project management. This acquisition helps GECI International to significantly expand its activities in France and Brazil in particular and harness Eolen’s capabilities to diversify their offering, in intelligent services, financial data or e-learning. GECI International Group is a High Tech engineering specialist supporting clients to design and develop intelligent products and services.


Filed under: Consulting M&A Deals, Uncategorized Tagged: consulting, deals, M&A, mergers and acquisitions, transactions

Consulting Sector M&A Deals for week beginning 27th July

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businessman doing handstand on the beachHero MotoCorp (UK) acquired Erik Buell Racing (USA)
Deal Size: $2.8 million Industry: Engineering consulting Date: July 2015
Erik Buell Racing recently filed for bankruptcy protection. The filing was under a clause for a company looking for a way to find its feet again rather than close operations. Hero MotoCorp (HMCL NA and HMCL Americas, to be precise), which until now had a 49.2 per cent stake in the American sport motorcycle manufacturing outfit, has now stepped in with a ‘settlement agreement’ for $2.8 million that allows Hero to acquire some of EBR’s tangible and intangible assets. The settlement agreement is still pending approval from the Circuit Court in Wisconsin, USA and the board of directors of Hero MotoCorp until August 10, 2015. Upon approval, Hero MotoCorp’s R&D teams will be able to influence and spur some of the consulting projects that EBR was executing at the time of filing for bankruptcy. This development should help Hero gain more access to EBR’s technical know-how. The upcoming Hero HX 250R is reportedly a result of the technical collaboration with EBR. The new Hero Karizma ZMR, in fact, has a similar rear end design as the EBR 1190 RX.

Altran (France) acquired SiCon Design Technologies (India)
Deal Size: Undisclosed Industry: Engineering consulting Date: July 2015
France’s innovation and consulting firm Altran has acquired homegrown SiCon Design Technologies (SiConTech) for an undisclosed amount. SiConTech, an engineering services company specialising in semiconductor design, was founded in 2010 and has over 500 employees.

GeoTraq Inc. (USA) to acquire OmniM2M (USA)
Deal Size: Undisclosed Industry: IT consulting Date: July 2015
GeoTraq, Inc., a development stage company focused on developing next-generation wireless location technology, announced it intends to acquire OmniM2M, a technology consulting company focused on analytics. Under the terms of the Letter of Intent, GeoTraq will issue to the shareholders of OmniM2M and Ci2i a total of 120m common shares. Both OmniM2M and Ci2i had combined gross revenues of over $1m in 2014. The acquisition will create immediate additional revenues to GeoTraq from existing OmniM2M and Ci2i contracts, and significantly increase the company’s bottom line and overall shareholder value. The acquisition will close pending satisfactory due diligence, final acquisition agreement and board approval.

DealCapital.com (USA) to merge with Merit Harbor Group (USA)
Deal Size: Undisclosed Industry: Management consulting Date: July 2015
DealCapital.com, a middle-market, private investment bank announces a business combination with Merit Harbor Group, a Tacoma, Washington-based investment bank and strategy consulting firm. The business combination includes both key deal-sourcing assets and technology tools as well as acquired leadership. The business combination is expected to aid the Merit Harbor Group in more rapidly growing its investment banking practice into new locations across the United States. The Managing Director of DealCapital.com expressed “We’re excited to join the Merit Harbor Team and expect our combined capabilities will produce large growth opportunities for both firms.”

HESM&A Consulting Engineers (USA) merged with Salas O’Brien (USA)
Deal Size: Undisclosed Industry: Engineering consulting Date: July 2015
HESM&A Consulting Engineers, a provider of mechanical, electrical and fire suppression engineering as well as commissioning service, has merged with Salas O’Brien, a facilities planning, design and construction management firm. Pursuant to the transaction, HESM&A will be known as HESM&A Salas O’Brien; and all of the HESM&A shareholders will be shareholders of the combined organization. The transaction will enable HESM&A and Salas to strengthen their service capabilities as well as add more depth and breadth of experience.

CherryRoad Technologies, Inc. (USA) has acquired the Oracle practice (USA)
Deal Size: $5.8 Industry: IT consulting Date: July 2015
CherryRoad Technologies, Inc., an integrator of enterprise software, has acquired the Oracle practice, including the e-business and cloud activities of Strategic Information Solutions, Inc., a technology consulting company. The acquisition will allow CherryRoad to expand the company’s market share, allowing it to offer Oracle solutions to the public sector. It is also an addition to CherryRoad’s Oracle practice and managed services abilities.

Constellation Software (Canada) has acquired CAE’s mining software company Datamine (UK)
Deal Size: Undisclosed Industry: IT consulting Date: July 2015
Constellation Software has bought CAE’s mining software company Datamine for an undisclosed amount. Datamine provides mining software technology and service that is used for planning, managing and optimising mining operations. According to CAE, Datamine has provided consulting services to over 1,400 companies worldwide, and it has developed technology and services to improve efficiency and safety of mine operations. The company also provides high quality implementation, training and advisory consulting services to help mining companies realise full potential from technology investment. Constellation said that Datamine would hereafter operate within Constellation Software’s Vela Software Division. CAE president and CEO Marc Parent said: “As reported last year, we decided to sell our mining business in order to concentrate our capital investment and management resources on our three core markets: civil aviation, defence and security, and healthcare”.

Jones Lang LaSalle, Inc. (USA) acquired LodgeTax (USA)
Deal Size: Undisclosed Industry: Management consulting Date: July 2015
JLL has closed the previously announced acquisition of LodgeTax, a national leader in hotel real estate tax services and consulting. The acquisition boosts JLL’s position as a leading advisor in the hospitality industry. Louis Breeding and David Calverley, co-founders of LodgeTax, joined JLL’s Hotels & Hospitality Group as Executive Vice Presidents. “As we’ve been talking to clients over the last month, their reaction has been extremely positive,” said Breeding. “They appreciate the ability to tap into JLL’s broader platform with a customized approach to meeting their individual needs under one roof. Our shared commitment to client relationships allows us to be a valued partner to our clients across the country.”

Code Rebel Corporation (USA) to acquire ThinOps Resources LLC (USA)
Deal Size: $9.25million Industry: Management consulting Date: July 2015
Code Rebel Corporation has entered into a definitive purchase agreement to acquire 100% stake in ThinOps Resources LLC, a provider of management and technology consulting services to help organizations maximize the business value of their technology investments. Both companies involved in the transaction are based in the US. The purchase consideration for the acquisition is approximately USD9.25 million, payable in cash and stock. Code Rebel is a developer and marketer of interactive remote application (iRAPP) terminal services (TS) solution ThinOps Resources reported revenue of approximately USD2 million in 2015. The acquisition is subject to customary closing conditions and is expected to close by July 31, 2015.

APC Technology Group PLC (UK) acquired EEVS Insight Ltd. (UK)
Deal Size: £164k Industry: Engineering consulting Date: July 2015
APC Technology Group PLC on Thursday said it has acquired EEVS Insight Ltd for GBP 164,461, payable entirely in APC shares. APC said the acquisition of EEVS, which provides energy efficiency performance consulting services, will strengthen its position in the energy efficiency sector. “The acquisition of EEVS Insight brings significant new expertise into the group. EEVS has good brand recognition across the UK’s energy efficiency sector and we have no doubt that the services it provides will benefit Minimise’s growing customer base, especially those customers looking to achieve improved energy efficiency through the implementation of third party-financed energy efficiency projects,” said APC Chief Executive Mark Robinson.

ABT Oil and Gas (UK) to merge with Arup (UK)
Deal Size: Undisclosed Industry: Engineering consulting Date: July 2015
ABT Oil and Gas – Enegi Oil’s joint venture with ABTechnology – has signed a collaboration agreement with global engineering and design consultancy Arup. Enegi Oil says the addition of Arup to the consortium is a very positive step for the initiative as Arup has considerable project management experience that will enhance the consortium’s ability to deliver its range of solutions to budget and on schedule. Arup also brings an additional proven-in-use structure (the ACE platform) that can house ABTOG’s normally unattended topsides.

IBM (USA) has acquired Compose, Inc. (USA)
Deal Size: Undisclosed Industry: IT consulting Date: July 2015
International Business Machines Corporation (IBM), a US-based provider of information technology and consulting services, has acquired Compose, Inc., a provider of database as a service (DBaaS) for web and mobile app developers. Both companies involved in the transaction are based in the US. Compose offers MongoDB, Elasticsearch, RethinkDB, Redis, PostgreSQL and other database as services.

Egis (USA) has acquired 51% Projacs (UAE)
Deal Size: Undisclosed Industry: Management consulting Date: July 2015
Egis acquires 51% of Projacs, the leading project and construction management firm in the Middle East. This transaction represents a new stepping stone for the development of both Egis and Projacs. Founded in 1984, Projacs offers a wide and integrated range of project management services mainly relating to building projects. The firm is firmly established in the Gulf Cooperation Council (GCC) countries (Saudi Arabia, Bahrain, Oman, Qatar, United Arab Emirates and Kuwait) and also operates in neighbouring countries. With a workforce of 700 people and a turnover of USD 70 million in 2014, the company is a leading figure in the region, ranking among the global top 15 in the ENR (Engineering News Record) list of project management consultancies (excluding American firms). The firm also has its own training institute which accounts for 11% of its annual business. With over USD 2500 billion worth of projects under planning, bidding or execution across the MENA region, both Egis and Projacs see significant opportunities for partnership and have over the past few months began sharing resources and capabilities as well as developing joint approaches for business development.

Black & Veatch (USA) has acquired RCC Consultants (USA)
Deal Size: Undisclosed Industry: Engineering consulting Date: July 2015
Black & Veatch has further enhanced its capabilities in delivering telecommunications services for public safety networks with the acquisition of RCC Consultants. RCC is a global engineering and consulting firm serving public safety and private networks. It is headquartered in Woodbridge, New Jersey. RCC provides synergy for Black & Veatch efforts to expand network engineering, procurement and construction (EPC) work for public safety clients. RCC brings strong brand equity in the marketplace through its public safety and critical infrastructure experience. It also blends its consulting and asset management expertise with the large-scale project delivery capabilities of Black & Veatch.


Filed under: Consulting M&A Deals, Uncategorized Tagged: consulting, deals, M&A, mergers and acquisitions, transactions

Consulting Sector M&A Deals for week beginning 3rd August

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businessman doing handstand on the beachRegions Insurance Inc. (USA) acquired The A.I. Group Inc. (USA)
Deal Size: Undisclosed Industry: HR consulting Date: To close end of the year
Memphis, Tennessee-based insurance broker Regions Insurance Inc. said Monday that it has acquired Atlanta-based The A.I. Group Inc. The A.I. Group provides employee benefits consulting and insurance brokerage services for mid-size and large employers in the United States. Co-founders and Managing Partners Dan Murphy and Dave Woodruff, along with The A.I. Group’s 39 employees have joined Regions Insurance. Messrs. Murphy and Woodruff will continue to play a key role in the employee benefits consulting firm, Regions Insurance said in a statement. The A.I. Group will operate under the name Regions Insurance. The employee benefits consulting firm will make the transition by the end of the year, according to a Regions Insurance spokeswoman. “The A.I. Group has many years of experience providing large group employee benefits expertise to companies nationwide in a customized and strategic manner,” said Curren Coco, CEO of Regions Insurance Group. (http://www.businessinsurance.com)

General Employment Enterprises Inc. (USA) acquired Agile Resources Inc. (USA)
Deal Size: Undisclosed Industry: IT consulting Date: July 2015
General Employment Enterprises Inc. has acquired Agile Resources Inc., an Atlanta-based IT staffing and consulting services provider. The acquisition adds service capabilities and extends General Employment’s footprint into the greater Atlanta area. The transaction closed July 31. General Employment acquired all of Agile’s common stock for consideration including cash, stock and seller financing. Additional terms were not disclosed. Agile is now a wholly owned subsidiary of General Employment. Agile provides IT staffing professionals with expertise in the areas of .Net, sharepoint, enterprise resource planning, software engineering, database support (Microsoft SQL, Oracle, Sybase & Informix), legacy systems support, data analytics, cloud migration, big data, cyber-security, health IT, network and help-desk support and mobile applications. “The acquisition of Agile brings to General Employment a highly profitable and fast growth IT staff augmentation and consulting organization that provides outstanding client service and is led by a dynamic individual and growth-oriented executive,” said General Employment Chairman and CEO Derek Dewan. (http://www.staffingindustry.com) 

Datagroup AG (Germany) has acquired the employee and customer relationships of Vega Deutschland GmbH (Germany)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
Datagroup AG, a provider of information technology (IT) services and solutions, has acquired the employee and customer relationships of Vega Deutschland GmbH, a software and consulting firm. Pursuant to the transaction, the business activities will be continued in the new company Datagroup Vega GmbH, a 100% subsidiary of Datagroup. The acquisition will strengthen Datagroup’s market position in the growth area of business solutions and consulting. (http://www.individual.com)

CBRE Group Inc. (USA) has acquired PKF’s Consulting Inc. (Canada)
Deal Size: Undisclosed Industry: Management consulting Date: August 2015
CBRE Group Inc. announced Tuesday it had acquired PKF Consulting Inc.’s Canadian operations, known as PKF Canada, for an undisclosed sum. The downtown L.A. real estate services giant acquired PKF Consulting USA, the stateside branch of the hospitality research and consulting firm, last year. PKF Canada is led by national managing directors David Larone and Brian Stanford, who will remain in leadership roles with CBRE. All of PKF Canada’s employees will join CBRE’s Valuation & Advisory Services division. (http://www.labusinessjournal.com)

EDTS (USA) has acquired Whole House Audio & Video Inc. (USA)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
Greenville-based technology consulting firm EDTS has acquired Whole House Audio & Video (WHAV) Inc., an Aiken, S.C.-based equipment firm selling audiovisual and multimedia systems, video surveillance, access control, automation, intelligent control solutions and structured cabling. The move will help EDTS’s growing network security practice by providing physical security expertise, according to a news release. WHAV’s six employees will stay on with EDTS, and WHAV will operate as a separate division from its existing building in Aiken. (http://upstatebusinessjournal.com)

Ricoh Canada Inc. (Canada) has acquired Graycon Group Inc. (Canada)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
Ricoh Canada Inc. today announced it has completed its acquisition of Graycon Group Inc. (Graycon) – a leading Information Technology (IT) consulting firm that specializes in the design, implementation, security, and support of all IT infrastructure, cloud and networking systems. The acquisition is the latest strategic investment by Ricoh to expand and deepen its managed services portfolio. Graycon Group, headquartered in Calgary, Alberta, with operations in seven cities across Western Canada, has been providing IT infrastructure and networking expertise for the past 26 years. The company’s deep experience in delivering best-in-class IT Services will help Ricoh continue to drive value to customers through expanded services offerings as well as support Ricoh’s growth as a provider of managed IT Services. (http://www.tickertech.com)

Strategic Decisions Group International (USA) has acquired Applied Strategies (USA)
Deal Size: Undisclosed Industry: Management consulting Date: August 2015
Strategic Decisions Group International, LLC, a management consulting company, has agreed to acquire Applied Strategies, a company that helps the private, public and non-profit health sectors to make better decisions in case of future risk and uncertainty. Both the companies are based in the US. The acquisition will enable Strategic Decisions Group to expand its management consulting services and accelerates its growth in the life sciences sector, particularly in North America. It will also enable Strategic Decisions Group to expand its tools and analytical solutions. (http://www.individual.com)

KPMG (Australia) has acquired Banarra (Australia)
Deal Size: Undisclosed Industry: Management consulting Date: August 2015
Accounting group KPMG has just bought human rights and social impact business Banarra so it can better advise its top-end-of-town customers on corporate citizenship issues. Banarra’s capabilities include human rights risk, ethical sourcing and supply chain management, social impact management and measurement, complex stakeholder engagement, and strategy and report development. The acquisition closely aligns with KPMG’s internal corporate citizenship work. (http://www.businessinsider.com)

Cocuy, Burns & Co. (USA) merged with Templeton & Company (USA)
Deal Size: Undisclosed Industry: Management consulting Date: August 2015
Cocuy, Burns & Co., P.A., a CPA and consulting firm in Wellington, Fl. and Templeton & Company, LLP, a leading South Florida-based firm, combined practices effective August 1, 2015. Juan Cocuy and Tom Burns became partners in the newly combined firm, called Templeton & Company. The combination deepens the firm’s capabilities and expands its presence in the South Florida marketplace. “We have long admired Juan Cocuy and his talented team and are pleased to join our practices. They perfectly complement our existing services and are well-respected throughout the community,” said Steven Templeton, Founder and Managing Partner, Templeton & Company. “This combination provides a larger platform for us to expand our service offerings and provide growth opportunities for our people,” said Juan Cocuy, Cocuy, Burns & Co.’s founder. (http://www.cpapracticeadvisor.com)

Zebra Technologies Corporation (USA) has acquired ITR Mobility (USA)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
Zebra Technologies Corporation, a global leader in solutions and services that provide real-time visibility into organizations’ assets, people and transactions, and ITR Group, Inc., a leading Twin Cities-based IT consulting firm, today announced Zebra’s acquisition of ITR Group’s mobile consulting and software development firm, ITR Mobility and its mobile platform, iFactr. The ITR Mobility/iFactr acquisition strengthens Zebra’s ability to provide rapid, cost-effective conversion of legacy mobility applications to current systems and a platform for supporting the ongoing evolution of options that will exist in their future operations too. The sale culminates ITR Group’s successful incubation of two pioneers in the cross-platform mobile applications and development space and reinforces ITR Group’s continued focus on its growing IT strategic staffing business as its customers continue to transform IT from support function to business driver. (http://www.4-traders.com)

InfoWorks Inc. (USA) has acquired FocusPoint (USA)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
InfoWorks, Inc., a management and information technology consulting company, has acquired the assets of FocusPoint, a provider of business process management (BPM), web application development and business intelligence services. The acquisition will allow InfoWorks to expand its business intelligence and analytics capabilities. (http://www.individual.com)

Accenture (USA) has acquired FusionX (USA)
Deal Size: Undisclosed Industry: Management consulting Date: August 2015
New York-based management consulting firm Accenture has acquired Arlington-based cybersecurity firm FusionX. Accenture, which has operations in Arlington, said the acquisition will strengthen its security practice and help clients assess their ability to protect against cyberattack. “Even companies that have strong cyber security leadership and make wise investments can still find themselves compromised by advanced cyber threats,” Michael Salvino, group chief executive, Accenture Operations, said in a statement. “FusionX gives Accenture the critical ability to prepare our clients against the most advanced cyber adversaries. (http://www.virginiabusiness.com)

Ericsson (South America) to acquire the assets of Icon Americas (South America)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
Ericsson intends to acquire the assets of Icon Americas, a Guatemala-based consulting and systems integration company. Icon Americas specializes in providing application development and maintenance (ADM) services – specifically in the area of billing and charging – to leading telecom operators. The acquisition – which is expected to close in the third quarter of 2015, subject to customary closing conditions – expands Ericsson’s comprehensive portfolio of consulting and systems integration services and OSS/BSS solutions in Latin America. In particular, Ericsson will benefit from the Icon Americas employees’ experience of working with telecom customers in the region. Sergio Quiroga da Cunha, head, Ericsson Region Latin America and Caribbean said, “IT services is an area of strategic importance to Ericsson – not just in Latin America but globally. The acquisition of Icon Americas will improve our ability to provide IT and ADM services to customers in Latin America, thereby strengthening our end-to-end position in OSS/BSS.” Hugo Cruz, founder and CEO of Icon Americas said, “We are excited to be joining the Ericsson team as its global scale and presence enable us to apply our expertise to a much wider range of customers.” (http://www.teleanalysis.com)

David Evans and Associates, Inc. (USA) to merge with Triad (USA)
Deal Size: Undisclosed Industry: Engineering consulting Date: July 2015
David Evans and Associates, Inc. (DEA), a professional services consulting firm of more than 950 people headquartered in Portland, Ore., expanded its presence in the Pacific Northwest by merging with Triad, a 50-person, multidisciplinary design firm headquartered in Woodinville, Wash. Upon closing the transaction on July 31, 2015, Triad became a division of David Evans and Associates, Inc. DEA Chairman and CEO Dr. Al Barkouli, P.E., said, “The merger with Triad will substantially increase DEA’s presence in Puget Sound and provide clear benefits to our clients, employees, and shareholders. Triad’s outstanding reputation, excellent client relationships and talented staff enable us to offer our clients an expanded and comprehensive suite of consulting services.” (http://cenews.com)

Moss Adams (USA) to merge with Curtis Consulting Group (USA)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
Top 100 accounting and business consulting firm Moss Adams announced it has agreed to combine with boutique IT consulting firm Curtis Consulting Group (CCG) to expand the firm’s IT consulting and software development capabilities. Issaquah, Wash.-based CCG offers services in business process improvement and business process automation and develops custom solutions that integrate these processes and technology. The solutions include operational business applications with connections to large enterprise-wide systems like SAP and People Soft. The merger will bring CCG’s professionals into Moss Adams’ IT consulting practice, creating a team of 45 to be led by CCG founder Mark Curtis in the role of partner. The team’s expertise as programmers and project managers was especially attractive to Moss Adams, which ranked No. 15 in Accounting Today’s Top 100 Firms with $429 million in annual revenue. (http://www.accountingtoday.com)

Manpower Group’s Experis unit (USA) will acquire the majority ownerships of Veritaaq (Canada)
Deal Size: Undisclosed Industry: IT consulting Date: Expected to close in September 2015
US-based staffing company Manpower Group’s Experis unit will acquire the majority ownership of Canadian IT consulting firm Veritaaq, the company said. With this transaction, which is expected to close in late September, Experis strengthens its capabilities across North America and complements the organic growth of the Experis business in Canada. (http://www.staffingindustry.com)

Hannon Westwood (UK) has acquired Novas Consulting Ltd. (UK)
Deal Size: Undisclosed Industry: Engineering consulting Date: August 2015
Hannon Westwood, a UK-based exploration research and analytics firm, has completed its acquisition of Novas Consulting Ltd. for an undisclosed sum. Novas Consulting brings a team of globally experienced geoscientists, engineers, and other specialists to the research company. Since receiving an investment from energy specialist private equity company Energy Ventures in January, Hannon Westwood has been seeking a combination of acquisition and organic development projects. The addition of Novas Consulting to the Hannon Westwood portfolio is the company’s first step in adding new diversity to its consulting offering. (http://www.ogfj.com)

Sonata Software Inc. (USA) to acquire Halosys, Inc. (USA)
Deal Size: $5 million Industry: IT consulting Date: August 2015
Sonata Software North America, Inc. (Sonata Software NA), a provider of development and consulting services, has signed a definitive agreement to acquire 100% stake in Halosys, Inc., a provider of an enterprise mobilefirst application program interfaces (API) platform that includes an enterprise mBaaS (mobile backend-as-a-Service), for approximately $5 million. Sonata Software NA is a wholly-owned subsidiary of Sonata Software Limited, an India-based information technology consulting and software services company. The consideration constitutes of an upfront payment of $2 million and earn out of $3 million payable over the next three years. (http://www.individual.com)

WeWork (USA) has acquired CASE Inc. (USA)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
New York–based WeWork, an office space rental company that provides both businesses and business professionals with collaborative workspace options, has acquired New York–based IT consultancy CASE Inc. Following the acquisition, the company now heads WeWork’s digital department and applies its consulting experience to enhancing and developing all WeWork locations. This process involves hiring and working with architects as they create the communal office sites to ensure a better integration of technological considerations and components. While other companies often hire out-of-house consultants to perform this role, WeWork benefits from incorporating these functions. (http://www.contractdesign.com)

Stroz Friedberg (USA) has acquired Elysium Digital (USA)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
Stroz Friedberg, a global cybersecurity, digital forensics, investigations and risk management company, announced today it has acquired Boston-based Elysium Digital, a leader in IP litigation consulting, digital forensics, and expert testimony. “The people of Elysium Digital possess highly sought after technical skills that have allowed them to tackle some of the most complex IP matters in recent history. Bringing this expertise into Stroz Friedberg will allow us to more fully address the needs of our clients around the world, not just in IP litigation and digital forensics, but across our cyber practices as well,” said Michael Patsalos-Fox, CEO of Stroz Friedberg. (http://markets.financialcontent.com)

IBM (USA) to acquire Merge Healthcare (USA)
Deal Size: $1 billion Industry: Management consulting Date: Deal to close later this year
US-based technology and consulting firm IBM has agreed to acquire medical image firm Merge Healthcare, for around $1bn. As part of the deal, Merge will receive $7.13 per share in cash from IBM. Merge provides medical image handling and processing, interoperability and clinical systems for its healthcare customers. IBM intends to combine Merge’s medical imaging management platform with its Watson’s advanced image analytics and cognitive capabilities. IBM research and solutions portfolio senior vice-president John Kelly said: “Watson’s powerful cognitive and analytic capabilities, coupled with those from Merge and our other major strategic acquisitions, position IBM to partner with healthcare providers, research institutions, biomedical companies, insurers and other organizations committed to changing the very nature of health and healthcare in the 21st century.” Merge Healthcare CEO Justin Dearborn said: “Becoming a part of IBM will allow us to expand our global scale and deliver added value and insight to our clients through Watson’s advanced analytic and cognitive computing capabilities.” Subject to regulatory and other customary closing conditions, the deal is expected to complete later this year. (http://diagnosticimaging.medicaldevices-business-review.com)


Filed under: Consulting M&A Deals Tagged: consulting, deals, M&A, mergers and acquisitions, transactions

Consulting Sector M&A Deals for week beginning 10th August

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businessman doing handstand on the beachAricent (USA) has acquired SmartPlay (India)
Deal Size: $180million Industry: IT Consulting Date: August 2015
US product engineering firm Aricent has acquired Bengaluru-based chip design services company SmartPlay for $180 million, one of the biggest acquisitions in the semiconductor space in India. It’s also Aricent’s fifth and the biggest ever acquisition in the country. The acquisition follows France-based technology consulting firm Altran’s acquisition of India-based SiCon Design Technologies last month and the acquisition of Bengaluru-based Cosmic Circuits in 2013 by Cadence Design Systems of the US, and demonstrates India’s growing and deep strengths in semiconductor design. The SmartPlay acquisition will help Aricent accelerate its R&D efforts in embedded software (software that is embedded in hardware) and the emerging high-potential space of internet-of-things (IoT — the concept of connecting every kind of device, from pens and toasters to factory components, to the internet). (http://economictimes.indiatimes.com)

Cedar Management Consulting (Dubai) acquires IBS Publishing (UK)
Deal Size: Undisclosed Industry: Management Consulting Date: August 2015
Cedar Management Consulting has acquired IBS Publishing and its IBS Intelligence unit. IBS Intelligence provides uniquely researched news content on technology trends within the financial markets, as well as offering its own consulting practice. Through the acquisition of IBS, Cedar Management Consulting considerably strengthens its range of offerings to its worldwide clients in the area of knowledge in banking technology and wider trends. The deal is partly aimed at expanding within the Indian market, with the consulting knowledge and prowess acquired, to be leveraged for old and new clients in the Indian banking system. (http://www.consultancy.uk) 

Chrys Capital (India) acquires Infogain (USA)
Deal Size: $63 million Industry: IT consulting Date: August 2015
Indian private equity poster boy ChrysCapital has struck its first buyout deal, snapping up majority shares in Infogain, a San Francisco-headquartered IT consulting company, for $63 million. This is also the first instance of a local private equity firm striking an acquisition in the US. Infogain’s front-end technologies, processes and applications help its retail, health and insurance clients provide a more efficient customer experience. It specilaizes in software product engineering, service automation and mobility – and counts twenty of the top 1,000 enterprises as clients – for its annualized revenue of about $100 million. ChrysCapital has the option to acquire 100% of Infogain, which began as an engineering services business, working for some of Silicon Valley’s hottest software products startups. After building domain expertise, it went into direct custom application and implementation for clients. “We are now pivoting our tech investment strategy to build a mid-tier platform of new age IT and digital services. We will use Infogain as a vehicle for bolt-on acquisitions to scale up this play,” Sanjay Kukreja, MD & Lead Partner, ChrysCapital told TOI. (http://myinforms.com)

Legat Owen (UK) to merge with Lamont Commercial (UK)
Deal Size: Undisclosed Industry: Management consulting Date: August 2015
Legat Owen has agreed to merge with a fellow commercial property consultancy to create an enlarged business with a 37-strong team. Following the deal with Lamont Commercial, the company will be known as Legat Owen (incorporating Lamont) and will continue to operate from offices in Chester and Nantwich. In addition, a raft of changes has been announced to the management team. Peter Johnston, head of Legat Owen (incorporating Lamont), said: “This merger brings together two dynamic and well-respected companies that have a very similar approach to business, taking pride in our commitment to personal service and longstanding client relationships, some of which we share. “By merging we will succeed in retaining our independence, strengthen our core business and broaden our client base.(http://www.insidermedia.com)

CSC (USA) to acquire Fruition Partners (UK) and Fixnetix (UK)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
Global IT services company CSC announced two strategic acquisitions on top of its first quarter earnings and revenue report. CSC will acquire Fruition Partners, a technology provider for the service-management sector and the largest ServiceNow-exclusive service management consulting firm. Additionally, CSC is buying London-based Fixnetix, provider of front-office managed trading software for capital markets. Financial terms were not disclosed for either deal. With both buyouts, CSC is looking to fill in key gaps in its portfolio. With Fruition Partners, CSC can offer enterprise clients a broader range of cloud-based service management tools. With Fixnetix, CSC can offer capital market clients an expanded range of as-a-service front office capabilities. Mike Lawrie, president and CEO of CSC, said the latest acquisitions “are prime examples of how we are investing to shape CSC’s post-separation commercial business, best serve our global clients, and capitalize on growth opportunities in the marketplace.” (http://www.zdnet.com)

Armanino (USA) to acquire The Brenner Group (USA)
Deal Size: Undisclosed Industry: Management consulting Date: September 2015
Amanino LLP, an accounting and business consulting firm based in California, will acquire The Brenner Group, effective Sept. 1. The agreement brings executive search capabilities to The Brenner Group, an interim executive management and financial advisory services firm. Armanino’s executive search team, with expertise in permanent placement, will join The Brenner Group. The Brenner Group, based in Silicon Valley, will continue to operate as a separate entity and there will be no reduction in headcount as part of the transaction.“We are very excited by the synergistic opportunities this agreement creates,” said Andy Armanino managing partner of Armanino. “The Brenner Group’s experience in providing companies with hands-on financial leadership is a perfect match to Armanino’s full spectrum of accounting, consulting and technology solutions,” he said. “By coming together, we’re able to provide more innovative solutions for our clients, which is something we all take pride in and value.” (http://www.staffingindustry.com)

Cherry Bekeart (USA) has acquired Bethesda (USA) from CBIZ, Inc.
Deal Size: Undisclosed Industry: Management consulting Date: August 2015
Cherry Bekaert LLP, an accounting and consulting firm, has acquired Bethesda, Maryland-based financial services practice of CBIZ, Inc., a provider of professional business services, products and solutions. Both the companies are based in the US. (http://www.individual.com)

St Ives PLC (UK) to acquire Fripp Sandeman and Partners Ltd. (UK)
Deal Size: Undisclosed Industry: Management consulting Date: August 2015
Marketing services and book publishing company St Ives PLC on Thursday said it has struck a deal to acquire retail business consultancy Fripp Sandeman and Partners Ltd for an undisclosed consideration. St Ives said the deal will boost its specialist consultancy services operation and said the business will be integrated into its strategic marketing business. “With its results-driven approach and experience working with retail property professionals and retailers, FSP is an excellent fit for the group, in line with our stated strategy of acquiring complementary, ambitious and growing Strategic Marketing businesses that share our common attributes and ethos,” said St Ives Chief Executive Matt Armitage.(http://www.4-traders.com)

Computer Management Services (USA) to acquire some of BlumShapiro (USA)
Deal Size: Undisclosed Industry: Management consulting Date: August 2015
West Hartford-based BlumShapiro Consulting is selling some of its software consulting business to Computer Management Services in Westbrook. Terms of the deal were not released. Lisa Maxwell, Computer Management Services’ director of marketing and business development, said Wednesday the clients the Essex Road company is acquiring from BlumShapiro are spread across a variety of industries, including manufacturing, food processing, accounting and business services, as well as the marine business. Computer Management Services already has presence in those industries, Maxwell said. “We are very excited about this acquisition as it allows us to greatly expand our footprint,” Harvey Payton, executive vice president of Computer Management Services, said in a statement. “We look forward to working with and managing BlumShapiro’s clients from end to end while helping them to further their future growth.” Jim Clarkson, consulting partner for BlumShapiro, said the demands of the marketplace are forcing special specialization. “The industry has changed,” Clarkson said in a statement. “We felt that this is the right time and the right partner to which to transition our client base.” (http://business-news.thestreet.com)

Valintry Services LLC (USA) has acquired PaperBoat Media LLC (USA)
Deal Size: Undisclosed Industry: IT consulting Date: July 2015
Valintry Services LLC, a Winter Park-based IT staffing and consulting services company, has acquired the recruiting division of Orlando-based PaperBoat Media LLC for an undisclosed price. The deal enables Valintry to expand the services it offers. PaperBoat Media is a regional player in the IT recruiting and consulting industry. “PaperBoat Media has built strong relationships with multiple clients and has positioned themselves as an expert not only in traditional IT consulting, but also understanding and recruiting talent to support big data and marketing IT,” said Valintry President Joe Parris. “These unique skills, combined with our common values in how we build client/partner relationships, made this an easy decision. (http://www.bizjournals.com)

GFK (Germany) will acquire NORM Research and Consulting (Sweden)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
GfK acquires NORM Research & Consulting AB, a Sweden-based market research company specialized in virtual shopper research. Their core product is a software that simulates shopping environments for various market research purposes. To date, Simstore has supported research among millions of consumers in more than 30 countries with even greater scale possible together with GfK. Debra A. Pruent, Member of the Management Board at GfK and responsible for the Consumer Experiences sector comments: “Digitalization is the biggest opportunity for market research. With the technology from NORM Research & Consulting, client research projects can be performed world-wide quickly and efficiently. The company is one of the leaders in this technology and already counts many of the world’s largest consumer goods manufacturers among its customers. The scalable software is an ideal complement to the GfK portfolio in shopper research and provides an enormous competitive advantage.” Adrian Sanger, Global Head of Shopper at GfK, adds: “This acquisition extends our Shopper offering for consumer goods, retail and technology clients. Through combining behavioral data with Simstore, clients have a more complete view of the shopper globally, driving clearer insight to optimize the shelf, the channels and the shopping experience.” (http://www.4-traders.com)

Akers & Arney (USA) has merged with Ollis & Company (USA)
Deal Size: Undisclosed Industry: Management consulting Date: July 2015
The Branson-based insurance company, Akers & Arney, merged with the Springfield-based Ollis & Company to create Ollis/Akers/Arney, the companies announced this week. “Everyone at Akers & Arney is delighted to be united with such a respected insurance and business consulting firm as Ollis and Company,” said David Arney, former president and CEO of Akers & Arney, and now a chief operating officer at Ollis/Akers/Arney. “This merger creates a stronger organization with more opportunities for our employees, and our clients will see enhanced service and additional products.” (http://bransontrilakesnews.com)

Brown & Brown (USA) has acquired assets of Waymark (USA)
Deal Size: Undisclosed Industry: HR consulting Date: August 2015
Brown & Brown Insurance of Nevada, a subsidiary of Brown & Brown, has acquired certain assets of Waymark. With roots dating back to 1999, Waymark has annual revenues of approximately $1.3m. The firm specializes in providing employee benefits products and services, including discount health and lifestyle benefit programs and consulting services, to clients in Nevada and various other states within the United States. Mr. Cruden, Executive Vice President of Brown & Brown Insurance of Nevada, stated, “Waymark has a stellar reputation with deep roots in our community. We are proud to have such a high-quality operation joining the Brown & Brown team here in Nevada.” Kelly E. LeGrow, Managing Member of Waymark, commented, “We are honored to be joining forces with such a respected and prestigious firm as Brown & Brown. This move not only allows us to increase services and support to our existing clients, but provides us an expanded platform to deliver our cutting-edge products and programming to current Brown & Brown clients.(http://commerciallines.insurance-business-review.com)

Synechron (USA) has acquired Usable (USA)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
IT consulting firm Synechron has acquired US-based digital design firm Usable. The deal will specifically boost SyneStudio, Synechron’s dedicated digital technology division, which the firm launched in the US, Canada, UK, Asia Pacific, and Middle East to provide digital and business technology and end-to-end IT services. The studio engineers, designs, develops and manages technology initiatives for agencies, ad networks and exchanges, data management platforms, demand-side platforms, publications, and the digital ecosystem at large. (http://www.consultancy.uk)


Filed under: Consulting M&A Deals Tagged: consulting, deals, M&A, mergers and acquisitions, transactions

Consulting Sector M&A Deals for week beginning 17th August

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businessman doing handstand on the beachAccenture (Ireland) has acquired Schlumberger Business Consulting (USA)
Deal Size: Undisclosed Industry: Management Consulting Date: August 2015
Accenture has acquired Schlumberger Business Consulting (SBC), the management consulting arm of Schlumberger, for an undisclosed amount. Over 250 consultants operating from nine offices worldwide will be integrated into Accenture’s Strategy business unit. Schlumberger Business Consulting (SBC) is a global player in the energy and utilities sector, with a particular focus on clients in the upstream oil and gas industry. The company provides consulting services in strategy, operations, people & transformation, capital projects and mergers & acquisitions. With the acquisition of Schlumberger Business Consulting, Accenture – according to Gartner one of the 10 largest management consulting firms of the globe – significantly bolsters its capabilities in the rapidly changing energy landscape. Partly driven by oil price volatility, but also by increased regulation and technology advances, the upstream oil and gas sector is undergoing a fundamental transformation. Energy companies are also under pressure to among others improve internal performance in delivering large capital projects, reduce production costs and extend into new areas, including renewables. Following completion of the acquisition – the deal is still subject to regulatory approval and other customary closing conditions – all of the Schlumberger Business Consulting (SBC) employees will join Accenture’s Strategy business unit. Mark Knickrehm, Chief Executive of Accenture Strategy, adds: “The acquisition will further strengthen Accenture Strategy’s ability to provide key strategic insights to clients in the upstream oil and gas industry. Our technology-driven business strategies and digital knowledge complement the core consulting strengths of the professionals who will join us through this acquisition.” (http://www.consultancy.uk)

Costain (UK) to acquire Rhead Group (UK)
Deal Size: £36 million Industry: Management Consulting Date: End of 2015
COSTAIN, the engineering solutions provider that helped to build the Channel Tunnel, has announced the acquisition of Rhead Group, a commercial management consultancy. Rhead Group will be fully integrated into Costain before the end of the current financial year. The group’s current senior management setup, including chief executive Nigel Curry, is expected to remain with the business. The takeover has cost Costain £36m, all of which will be paid for by the company’s existing cash and debt facilities. In the year ending July 2014, Rhead Group declared revenues of £63.5m, and earnings before interest, taxes, depreciation and amortisation (EBITDA) of £5.2m.The company’s client list contains a number of blue chip accounts, including National Grid, Wales & West Utilities and BAE Systems. (http://www.4-traders.com) 

Ernst & Young LLP (UK) has acquired Seren (UK)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
Silicon Roundabout-based digital consultancy Seren has been acquired by Ernst & Young LLP (EY) in a deal which marks the Big Four accountancy firm’s concerted effort to provide clients with additional professional services. Seren is an international customer experience and digital design consultancy that works with companies in the telecoms and financial services sector to “achieve digital business transformation through a customer-centered approach”. The deal will see the company’s 60 employees remain at the current premises, with Seren’s CEO becoming chief executive of EY-Seren and co-founders Catriona Campbell and Terry Heath continuing as senior advisors to EY in the UK and the EY-Seren team. EY-Seren will begin the development of its operations in the Middle East, building on the foundations that the two companies had previously developed in digital strategy and customer experience across the region. The deal marks part of EY’s plans to grow its global strategy consulting services to more than 2,500 professionals by 2020 following similar acquisitions in North America and Australia. Steve Varley, EY’s UK chairman, said: “This acquisition is a flagship transaction for EY in the UK. We’re already achieving considerable organic growth in the UK advisory business – it grew 15% last year – but we are also committed to looking for opportunities for inorganic growth, especially when we find firms with cutting-edge innovation and a really strong talent pool like Seren. (http://startups.co.uk)

Autoliv Inc. (Sweden) has acquired MACOM Technology Solutions Holdings Inc. (USA)
Deal Size: Approx. $100 million Industry: Engineering consulting Date: August 2015
Autoliv, Inc., the worldwide leader in automotive safety systems today announced that it has completed the previously announced acquisition of the automotive business of M/A-COM Technology Solutions Holdings, Inc. The purchase price for MACOM’s “Automotive Solutions” business is approximately $100 million in cash, plus up to an additional $30 million in cash based on achievement of revenue-based earn-out targets through 2019. In addition, MACOM has agreed to perform consulting services for Autoliv over a 2-year period for up to $15 million in fees. Autoliv expects to have this acquisition fully integrated in Autoliv facilities in Lowell, MA before the end of 2015 and plans to disclose more details on the technology and business in connection with the upcoming Capital Markets Day on October 1-2, 2015. (http://www.bloomberg.com)

Accenture (Ireland) has acquired Total Logistics (UK)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
Accenture has bought Total Logistics, a U.K.-based provider of logistics/supply chain-related IT consulting services. As usual, terms are undisclosed. Accenture, looking to profit from the major investments being made by traditional retailers to expand their e-commerce offerings, will initially use Total’s services to support retail/consumer goods clients. Other industries such as life sciences, automotive, and industrial equipment will be supported later. (http://www.teletrader.com)

Barr Engineering Company (USA) has acquired Horizon Environmental (UK)
Deal Size: Undisclosed Industry: Engineering consulting Date: August 2015
A local engineering firm has been acquired by a company in Minnesota. Barr Engineering Company in Minneapolis, an engineering and environmental consulting firm, said today that it has acquired Horizon Environmental in Grand Rapids, an environmental engineering consulting firm. “We are pleased to join forces with Horizon and by doing so provide increased staff capacity and technical expertise for our clients in Michigan and throughout the region,” said John Lee, president and CEO, Barr. (http://www.grbj.com)

Medical Advantage Group (USA) has acquired Health Care Management (USA)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
Medical Advantage Group said today that it has acquired Health Care Management in Grand Rapids. Health Care Management provides IT-related hardware and support, electronic health records, telecommuting solutions, staffing, office equipment and HIPAA security compliance to optimize practice operations. Medical Advantage Group is a consulting firm that has nearly 20 years of experience building and serving health care partnerships. The company helps about 2,000 physicians “simplify” the delivery of health care. It serves health systems, independent physician associations, physician organizations, physician hospital organizations, accountable care organizations and physician practices. “This business model will blend Medical Advantage Group and Health Care Management into a full-service provider of management services to health care professionals,” said Paul MacLellan, CEO, Medical Advantage Group. “We have broadened the scope of solutions that we offer.” (http://www.grbj.com)

Levine Leichtman Capital Partners (USA) to acquire Trinity Consultants (USA) from Gryphon Investors (USA)
Deal Size: Undisclosed Industry: Engineering consulting Date: August 2015
Gryphon Investors, a San Francisco-based private equity firm, announced today that it has entered into a definitive agreement to sell its portfolio company Trinity Consultants to an affiliate of Levine Leichtman Capital Partners. Trinity, which Gryphon acquired in partnership with management in 2011, is a leading environmental consulting firm which specializes in providing air quality compliance and permitting services to its private sector clients across 48 offices in the U.S., Canada, China, the Middle East and the UK. The Company also provides other high value environmental consulting services related to environmental health & safety (EHS) performance and risk management, occupational health and toxicology, and aquatic sciences, while also supporting its clients’ EH&S training staffing needs and implementing technology solutions for EH&S information management systems and modelling analyses. Working with Gryphon and Chairman Peter Regan, the Company expanded its service offerings to include industrial hygiene, toxicology, and aquatic ecology, entered new markets including Canada and the Middle East, and completed 10 acquisitions, while continuing to increase its market share. Trinity CEO Jay Hofmann added, “Gryphon and Pete Regan have been great partners for Trinity and I appreciate their value-added support as we built the Company into a stronger, more diverse organization. We are looking forward to having a similarly strong partnership with Levine Leichtman as we continue to execute on Trinity’s growth plan.” (https://www.pehub.com)

Chase Templeton (UK) has acquired Atlas Consulting Group (UK)
Deal Size: Undisclosed Industry: Management consulting Date: August 2015
Shoosmiths has advised private medical insurance broker Chase Templeton, on the strategic acquisition of Atlas Consulting Group Limited adding GBP13.8m of annual premium income (API) and representing the largest acquisition made by the company. This acquisition of Atlas Consulting Group brings to Chase Templeton a broader client base with many larger corporate clients and a dedicated specialist sales team. Since securing investment from Palatine Private Equity in 2013 Chase Templeton has completed more than 40 acquisitions of other private medical insurance brokers and books of insurance business making it the biggest consolidator in its market and Shoosmiths has advised them all along the way. The acquisitions have contributed to Chase Templeton’s substantial growth in annual premium income, turnover and profitability and it has moved into new headquarters to accommodate a 50% increase in staffing levels. The combined business now has over GBP125m in Annual Premium Income, protects over 110,000 lives and employs nearly 100 staff who serve in excess of 35,000 corporate and individual clients. Warren Dickson, chief executive of Chase Templeton, said: ‘This is a particularly significant deal, not just in terms of its size but its strategic importance as it will extend substantially our presence in the larger SME and corporate market. Shoosmiths’ Karen Procter (pictured), who counts 16 years’ experience of advising on corporate transactions, says: ‘Chase Templeton is a fast-growing company with a great reputation for customer care. Shoosmiths and Chase Templeton have worked together on a large number of acquisitions, but this acquisition is particularly strategic and the largest undertaken. We look forward to continuing the relationship as Chase Templeton maintains its strategy for growth.’ (http://www.institutionalassetmanager.co.uk)

ASE (UK) has acquired Edentity Software Solutions (Austria)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
UK based consulting firm ASE, who specialise in the dealer market, have acquired Austria based automotive IT firm Edentity Software Solutions, who supply used car stock management software and other IT products to BMW dealers in Germany and Austria. (http://www.motortradenews.com)

Bullzi Holdings Inc. (USA) has acquired SecuSolutions Ltd (Canada)
Deal Size: Undisclosed Industry: IT consulting Date: September 2015
Bullzi Holdings, Inc., a US-based provider of web based security training solutions and information security consulting services, has signed a memorandum of understanding (MOU) to acquire SecuSolutions Ltd., a Canadian a specialized security company, providing security products, services and solutions. Jim Kootnekoff is the President of SecuSolutions. The acquisition is expected to complete on or before September 30, 2015. (http://www.4-traders.com)

Air Partner PLC (UK) has acquired Baines Simmons Ltd. (UK)
Deal Size: £6 million Industry: Engineering consulting Date: August 2015
Aviation services company Air Partner PLC on Wednesday said it has secured a GBP6.0 million deal to acquire aviation safety consultant Baines Simmons Ltd. Baines has more than 750 aviation organisations and 40 aviation authorities on its books and provides a range of safety consulting services, including focuses on aviation regulation, compliance and safety management performance. Air Partner, which expects the deal to be earnings accretive in its first full year of ownership, said the acquisition will boost its service and product offering and will boost its existing broking business. “The acquisition of Baines Simmons is an exciting step for Air Partner. We look forward to working with the team at Baines Simmons on a range of strategic and complimentary growth opportunities from new regulatory changes, busier skies, greater organisational complexities, geographic expansion and new performance products and services,” said Mark Briffa, Air Partner’s chief executive. (http://www.lse.co.uk)

Ricardo Plc (UK) has acquired Cascade Consulting Holdings (UK)
Deal Size: Undisclosed Industry: Engineering consulting Date: August 2015
Ricardo plc a market leading engineering and consulting company announces today that it has acquired Cascade Consulting Holdings Ltd. an environmental consultancy specialising in the UK water sector. The acquisition follows the successful collaboration with Cascade Consulting that began in February 2015 and will bring additional capability and reach in the areas of water resource and water quality management, ecosystem services and environmental impact assessment. The acquisition is in-line with Ricardo’s stated strategy of developing its reach into sectors associated with water and other scarce resources. Cascade Consulting specialises in environmental consultancy services for the UK water sector, based on strong relationships with the country’s water companies as well as government departments and regulators. The company has particular expertise in the areas of water resource management, catchment management, water quality, water treatment, flooding and coastal management, and environmental impact assessment. Cascade Consulting will combine with Ricardo’s existing environmental consulting expertise within Ricardo-AEA and will operate as the core of a new water practice. The Cascade business has 34 employees and generates approximately £3.0m in annual revenues. Commenting on the acquisition, Dave Shemmans, CEO of Ricardo plc said; “Cascade Consulting has an established market reputation and when combined together with Ricardo-AEA will enable the Ricardo business to start to deliver on its strategic growth objectives within the water sector both in the UK and internationally. I’m delighted to be able to welcome Cascade Consulting to the Ricardo Group.” (http://www.digitallook.com)

Public Consulting Group (USA) and PCG Polska (USA) has acquired Librus (Poland)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
Public Consulting Group, Inc. (PCG) and its wholly-owned subsidiary PCG Polska Sp. z o.o. has acquired Librus Sp z o.o., a Poland-based provider of information technology (IT) solutions for the education sector, from ORESA Ventures N.V., a Netherlands-based private investment firm. PCG is a US-based management consulting firm. The transaction will allow PCG Polska to enhance its position in education IT solutions in Poland. (http://www.individual.com)

Edgewater Technology Inc. (USA) has acquired Branchbird LLC (USA)
Deal Size: Approx $2.8 million Industry: IT consulting Date: August 2015
Edgewater Technology, Inc., a leading consulting firm that brings a blend of classic and product‐based consulting services to its clients, today announced that it has acquired the assets of Chicago‐based Branchbird, LLC, an Oracle Gold Partner and Cloudera Partner specializing in Big Data and Data Discovery technologies and solutions. Branchbird will join Edgewater Ranzal, a wholly‐owned subsidiary of Edgewater and a Platinum provider of Oracle Enterprise Performance Management (“EPM”) and Business Intelligence (“BI”) solutions and services. Known as one of the first organizations to develop strong project credentials in the Oracle Big Data space, Branchbird is well positioned to expand Ranzal’s reach into this emerging area. Branchbird’s deep experience in Oracle’s Big Data technologies has enabled them to provide complex Big Data solutions to numerous enterprise customers. Edgewater Ranzal’s full lifecycle services provide Branchbird with the infrastructure to rapidly expand their offerings. “With the acquisition of Branchbird, Edgewater Ranzal will be a leader in Oracle Big Data, providing our customers with a full range of offerings across our EPM and BI platform. The intersection of EPM and BI is a cornerstone of our customers’ Business Analytics needs, and Edgewater Ranzal is positioned to be a leader in the space,” said Matt Renner, Senior Vice President – NA – Business Intelligence and Enterprise Performance Management, Oracle. “Combining Branchbird with Edgewater Ranzal fits with Edgewater’s channel strategy to ‘complete the suite’ and helps build critical mass in the evolving Oracle EPM/BI solution provider channel. The explosion in the growth, variety and frequency of data has created a unique opportunity for organizations to gain unparalleled insight locked up in this data”. (http://www.financialit.net)

Geodis part of SNCF Logistics (France) to acquire Ozburn-Hessey Logistics (USA)
Deal Size: Undisclosed Industry: Management consulting Date: August 2015
Geodis, part of SNCF Logistics, is to acquire OHL, the US third party logistics provider with sales of €1.2 billion, for an undisclosed sum. OHL (Ozburn-Hessey Logistics) was founded in 1951, and operates more than 120 distribution centres in North America with over 36 million square feet of warehouse space. It provides a range supply chain services including transport, warehousing, customs brokerage, freight forwarding, and import and export consulting services. It also provides direct-to-consumer fulfilment, serving a wide range of business sectors from specialty retail to manufacturing. OHL specialises in the sectors of apparel, electronics, healthcare, food and beverage, and consumer packaged goods. In time, OHL will be rebranded Geodis. Marie-Christine Lombard, CEO of Geodis, said: “We are proud to welcome the customers and employees of OHL to Geodis and to provide our global customers with OHL’s expertise and presence in the North American market.” Geodis, which has a turnover of €6.8bn, unified its offering under the Geodis earlier this year. It operates five lines of business: Supply Chain Optimisation, Freight Forwarding, Contract Logistics, Distribution & Express and Road Transport. OHL is currently owned by private equity firm Welsh, Carson, Anderson & Stowe (WCAS). “We are excited to join forces with Geodis and look forward to the extended reach of a worldwide group,” said CEO Randy Curran. “Both organisation have a long tradition of finding world class supply chain solutions for customers in pursuit of the superior customer experience.” (http://www.logisticsmanager.com)

Whanau Tahi (New Zealand) has acquired HSA Global Limited (New Zealand)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
Waipareira Trust-owned software and consulting company Whānau Tahi has completed the acquisition of the assets of HSA Global Limited for an undisclosed sum, designed to fast track global expansion plans. According to Director Stephen Keung, the deal follows the company’s recent success in North America. “As we have assessed market demand for our core social services product, Whānau Tahi Navigator, it has become apparent that our unique approach to self-directed care could be applied to clinical care as well as social service delivery,” Keung says. “We have been aware of HAS Global’s Connected Care (CCMS) system for some time, and decided that now was the time to make a play to consolidate our solution set which, when combined, will service some 400,000 patients/Whānau.”Keung says that Whānau Tahi Navigator was developed utilising Waipareira Trust’s 30 years of delivering social services, and has achieved a “significant market share” in social service delivery organisations in New Zealand with an overwhelming market share among Whānau Ora providers. “As we have established ourselves internationally, we have learned that models of care in vulnerable communities overseas need to include clinical care and CCMS provides for that,” Keung adds. Keung says CCMS is in use in New Zealand by most major District Health Boards, as well as the Ministry of Health. In addition, overseas customers include providers and governments in Australia, Singapore, and the USA with HAS Global Director Matt Hector-Taylor remaining with the new owners. “It’s fantastic that we are going to be able to attach ourselves to the momentum that Whānau Tahi has achieved, both in New Zealand and overseas,” Hector-Taylor adds. (http://www.reseller.co.nz)

PowerOne Corporation (USA) to acquire Rescom Energy LLC (USA)
Deal Size: Undisclosed Industry: Engineering consulting Date: August 2015
PowerOne Corporation, an energy consulting company, has agreed to acquire 100% stake in Rescom Energy, LLC, a supplier of electricity. Both the companies are based in the US. As a result of the transaction, ResCom will operate as a wholly-owned subsidiary of PowerOne. In 2014, ResCom generated revenues of $2.4 million. Feller Energy Law Group, PLLC is acting as legal advisor to PowerOne on the transaction. With this acquisition, PowerOne completes its transition from broker to retail energy provider. (http://www.individual.com)

Prager Metis (USA) to merge with Peter Bryan & Co. (UK)
Deal Size: Undisclosed Industry: Management consulting Date: August 2015
Top 100 US firm Prager Metis has announced a merger with Peter Bryan & Co, a specialist accounting and tax consulting firm based in London, which focuses on providing tax planning and financial advisory services to UK and international high net worth individuals. Following the deal, for which the terms have not been announced, tax specialists David Beech and Peter Bryan with their technical support staff will join the Prager Metis office in London. Mark Boomla, managing partner of the Prager Metis London office, said: ‘We wanted to expand by strengthening our estate and inheritance tax capabilities along with our high level tax advisory services in London. David and Peter bring a tremendous breadth and depth of experience and knowledge as well as a shared value of hands-on client service.’ David Beech, director of trust and estate planning, said: ‘Prager Metis has a level of expertise, a growing reputation, and international presence that is unique to an accounting firm of its size. (https://www.accountancylive.com)

V-Soft Consulting Group (USA) has acquired Viraj LLC (USA)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
V-Soft Consulting Group, an IT solutions and staffing provider headquartered in Louisville, Ky., acquired Viraj LLC, an IT consulting company with offices in Atlanta and Louisville. Viraj will transition to the V-Soft brand and all staff will remain with the firm including CEO Pratima Parvathaneni, who will continue to market to existing clients and lead Viraj’s staff. “V-Soft and Viraj are highly complementary companies bringing the perfect blend of onshore and offshore sourcing in a compelling solution for the Fortune 1000,” said V-Soft Consulting President and Founder Purna Veer. “We believe that the combination makes tremendous sense for our customers, vendors, and employees.” (http://www.staffingindustry.com)

Savills (UK) has acquired TAGIS (Amsterdam)
Deal Size: Undisclosed Industry: Management consulting Date: August 2015
International real estate advisor Savills has acquired TAGIS, a technical real estate service provider based in Amsterdam. Founded in 2005, TAGIS comprises six professionals with expertise in project management, the delivery of due diligence, and building consultancy services across mainland Europe. The acquisition, which took effect from 1 August, has enabled Savills to expand its current project management and technical advisory services in The Netherlands. TAGIS has an established European network and an impressive client base: including Union Investments, Real I.S., WeWork, M7 Real Estate, Generali Real Estate, Round Hill Capital, Valad Europe and Aberdeen Asset Management. Marc van Niekerken, Managing Director of TAGIS says, “Savills is a leading international player with an impressive work ethic which we feel compliments our ambitious and entrepreneurial spirit. Together with their property management and asset management teams, we are able to combine our expertise in order to offer our clients the very best service across all property disciplines, on a global platform.” Peter Sybesma, Director of Property Management for Savills in The Netherlands, comments, “TAGIS has a proven record of delivering a high level of service and we are confident that this new team will only enhance our current property management and investment service.” (http://www.savills.co.uk)

Sunera Technologies Inc. (USA) to acquire Envision Tech Pty Ltd. (Australia)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
Sunera Technologies, Inc., a Platinum Oracle Partner and an elite Oracle Partner in North America, is pleased to announce that the company has recently acquired Envizion Tech Pty Ltd and part of well-known Australian testing automation consulting firm Acolade Consulting Pty. Ltd. As a leading cloud-based platform solutions and enterprise applications services provider for over 100 clients globally, SuneraTech Cloud and Platforms Solutions (including CloudTestr, DevOpsXpress and BIXpress) have transformed the way businesses manage and outsource applications support and maintenance. Through this acquisition Sunera Technologies is looking forward to building a strong presence in Australia and New Zealand under the new brand name Sunera Technologies Pty. Ltd. Expressing his pleasure about the acquisition of Acolade Consulting Pty. Ltd and Envizion Tech Pty Ltd, the President of Sunera Technologies Inc. Ravi Reddy said, “We are excited about this acquisition and look forward to assisting organizations in ANZ in leveraging SuneraTech value proposition – enabling innovation, pursuing operational efficiency and customer intimacy.” Underlining the importance of this acquisition, the CEO of the just formed Sunera Technologies Pty. Ltd., Rajesh Krishnan said, “Being part of SuneraTech is significant considering all the unique and innovative platforms and value propositions that SuneraTech brings for customers globally. I believe organizations in ANZ will also be significantly benefited from the automation platforms, global consulting (implementation and support) experience and end-to-end services capabilities.” (http://www.prlog.org)


Filed under: Consulting M&A Deals Tagged: consulting, deals, M&A, mergers and acquisitions, transactions

Consulting Sector M&A Deals for week beginning 24th August

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Inovalon Holdings Inc (USA) to acquire Avalere Health LLC (USA)
Deal Size: $140 million Industry: Healthcare Consulting Date: August 2015
Inovalon, a leading technology company providing advanced, cloud-based data analytics and data-driven intervention platforms to the healthcare industry, has entered into a definitive agreement to acquire Avalere Health, Inc., a leading provider of data-driven advisory services and business intelligence solutions to the pharmaceutical and life sciences industry. The addition of Avalere, with its more than 200 pharma/life sciences clients, is expected to significantly expand Inovalon’s leadership in the broader healthcare marketplace and enables the company to expand its industry leading capabilities into an expansive adjacent market. Avalere, a growing provider of data-driven advisory services that already serves 13 of the top 15 pharma companies, will operate as a subsidiary of Inovalon, enabling Inovalon the ability to offer a powerful combination of business intelligence, cloud-based analytics, and data-driven insights to the pharma/life sciences industry. Avalere’s CEO, Dan Mendelson, will join the executive leadership team of Inovalon where he will continue to lead the day-to-day operations of the core business of Avalere. (http://www.prnewswire.com/news-releases/inovalon-to-acquire-avalere-to-drive-strategic-expansion-into-pharmalife-sciences-300132444.html)

Softtek S.A. (Mexico) acquired Itarvi Consulting (Spain)
Deal Size: Undisclosed Industry: Management Consulting Date: August 2015
Softtek, founder of the nearshore industry and leading global IT services provider dedicated to creating value through technology, today announced the acquisition of Itarvi Consulting S.L., specialist in multichannel banking services in Madrid, Spain. This acquisition will contribute to strengthening Softtek’s operations in Europe, as well as expanding its reach and capabilities to provide digital solutions to companies with operations in Europe and the Americas. Itarvi Consulting, with operations in Madrid, provides digital transformation solutions using agile methodologies for large companies, particularly in the Financial Services sector. This operation complements Softtek’s current presence in Spain from its office in Madrid and global delivery center located in A Coruña. “Our integration into Softtek maximizes the value we provide to both our clients as well as our employees,” said Pedro Perelló, CEO of Itarvi Consulting. “Our experience creating digital solutions for the Financial Services sector, now combined with Softtek’s global capabilities, fosters a very attractive value proposition that will reinforce our positioning and growth in the Spanish market.” Softtek helps organizations prosper in the digital era through a broad portfolio of services and solutions that enable business transformation, improve efficiency and increase IT efficacy. (http://www.softtek.com/newsroom/news-releases/softtek-acquires-itarvi-consulting-specialist-in-multichannel-banking-services)

Citrin Cooperman (USA) merged with Regardie, Brooks & Lewis (USA)
Deal Size: Undisclosed Industry: Management Consulting Date: August 2015
Citrin Cooperman has merged in Regardie, Brooks & Lewis, a regional accounting firm based in Bethesda, Md. With the addition of Regardie, Brooks & Lewis, Citrin Cooperman expects annual revenues to exceed $185 million. The new addition, which is expected to close on Sept. 1, 2015, will bring approximately 25 new professionals and six new partners to Citrin Cooperman, while expanding its reach to the D.C. metro market. We are excited about the strong synergies between Citrin Cooperman and Regardie, Brooks & Lewis, which share an entrepreneurial spirit and a culture of excellence by focusing on what counts with superior client service,” Citrin Cooperman CEO Joel Cooperman said in a statement. “We have long wanted to be in the Washington D.C. marketplace and we finally found a firm with similar values and dedication to client service. The partners and staff of Regardie Brooks & Lewis will add tremendous talent and expertise to our firm, while extending our capabilities from the New York metropolitan area to the Middle Atlantic region. We are very proud to have them join us.” Regardie, Brooks & Lewis has been offering audit, tax, consulting, and comprehensive business management services for over 80 years. The firm serves a wide range of clients, including entrepreneurial businesses, professional service firms, not-for-profit organizations, real estate and construction firms, health care facilities, schools, employee benefit plans, retailers and wholesalers, and individuals. (http://www.accountingtoday.com/news/firm-profession/citrin-cooperman-boosts-its-presence-in-dc-metro-with-merger-75583-1.html)

WSP Global (Canada) to acquire MMM Group Limited (Canada)
Deal Size: $425 million Industry: Engineering Consulting Date: August 2015
WSP Global Inc., one of the world’s biggest pure-play engineering consulting firms, has announced it will acquire MMM Group, a private engineering services firm specializing in large-scale, complex P3 projects involving buildings, transportation and other operations. In a $175 million bought deal public offering and a $125 million private placement, WSP will adopt 18 offices across seven provinces. Upon closing, WSP is expected to employ about 8,500 employees, with 3,200 located in Ontario. WSP is also poised to have net revenues of $1 billion in Canada. WSP says the deal allows the company to leverage its global position in the P3 market and create a stronger presence in Ontario, specifically in the Greater Toronto Area where aging infrastructure and rapid population growth remain major issues. “This acquisition perfectly fits within the priorities of our Canadian growth strategy, which is focused on becoming a top player across the country, in all the sectors in which we operate,” said David Ackert, president and chief executive officer of WSP Canada Inc. (https://www.reminetwork.com/articles/wsp-global-to-acquire-mmm-group/)

SQS Software Quality Systems AG (Germany) to acquire Galmont Consulting LLC (USA)
Deal Size: $24.7 million Industry: IT Consulting Date: August 2015
SQS Software Quality Systems AG on Thursday said it has reached a conditional agreement to buy US-based software testing consultancy Galmont Consulting LLC for up to USD22.0 million in cash and shares. Galmont has a leading position in the software testing consultancy market in the Midwest region of the US, and the deal will complement SQS’s existing banking, financial services, insurance and manufacturing sector operations. The acquisition also will boost and diversify SQS’s revenue base by materially expanding its US business. “This is SQS’s second acquisition in the US and follows the successful integration of US-based management consultancy business Trissential, announced in April. The acquisition of Galmont, which has built an outstanding and established reputation, significantly expands our presence in this large and growing market for us,” said Diederik Vos, SQS’s chief executive. (http://www.morningstar.co.uk/uk/news/AN_1440665123661837000/sqs-software-quality-systems-buys-uss-galmont-for-usd22-million-(alliss).aspx)

SISS Consulting Inc (USA) acquired Global DTC Ltd (UK)
Deal Size: Undisclosed Industry: IT Consulting Date: August 2015
SISS Consulting Inc. (“SISS”) – the Cyber Security arm of Stealth ISS Group – a global IT services provider has announced the purchase of Global DTC Ltd (“DTC”), a global IT Consulting services and management company headquartered in the United Kingdom, to enhance their IT services portfolio and extend their reach globally. This transaction enables improved levels of collaboration and solution delivery in client engagements while leveraging SISS Consulting capabilities and highlighting Global DTC’s IT Management Consulting specialisms. As part of this transaction, SISS has added DTC’s clients to its portfolio to provide them with access to its global IT services capabilities and a broad range of cutting-edge technology and cyber security services. The DTC leadership team has joined the leadership of SISS Consulting and manages all existing operations in the UK and EMEA until further integration plans are established. SISS and DTC established a working relationship over recent years by partnering on multiple projects globally, consisting of the delivery of various IT Consulting and Cyber Security services and products. SISS had previously relied on DTC for providing Executive IT Managerial Consulting services to its clients in the UK and Middle East for example. DTC now uses SISS to deliver CyberSecurity capabilities globally. The acquisition of DTC provided SISS with a broader geographic footprint in the European Zone and the ability offer the extensive IT Consulting services to its clients anywhere in the world. This has added breadth and delivery experience to its already deep service offering particularly in Cloud, Big Data, IT Infrastructure and in High Power Computing. (http://www.prlog.org/12488165-siss-consulting-inc-has-acquired-global-dtc-information-technology-consulting-business.html)

Crestwood Associates LLC (USA) merged with Visions Business Solutions (USA)
Deal Size: Undisclosed Industry: IT Consulting Date: August 2015
Brian McGuckin, Co-Owner of Crestwood Associates LLC announces that Crestwood has entered into a merger with the long-time Oak-Park-based Acumatica, Sage and Greentree consulting firm, Visions Business Solutions (VBS). VBS will operate under the Crestwood Associates name. Crestwood Associates provides Microsoft Dynamics and Acumatica accounting and business management solutions to mid-sized companies, and has done so for 17 years. This is Crestwood’s second merger in 2015, emphasizing the firm’s focus on growth and its determination to offer clients an expanding portfolio of products and services. Crestwood is also proud to note that the merger was completed without the support of a third party financial organization. “We don’t look for support from external parties in order to remain focused on our company’s goals and the goals of our clients,” says Crestwood’s McGuckin. The addition of VBS’s thriving Acumatica and Greentree Practice, along with a significant client base in the Chicagoland area, enables both firms to deliver more services to a greater number of clients. “We are excited to welcome our VBS colleagues as we join forces to help our clients achieve their goals,” said McGuckin. “By joining two long-standing, customer-focused organizations and leveraging our deep Microsoft Dynamics and Acumatica expertise, we are positioned to offer even more value to our current and future customers.” (http://www.prlog.org/12488009-crestwood-associates-llc-announces-merger-with-visions-business-solutions-vbs.html)

Techwave Consulting Inc (USA) to acquire Infotech Enterprises IT Services Limited (India)
Deal Size: Undisclosed Industry: IT Consulting Date: August 2015
Techwave Consulting, Inc., a US-based global system integrator that provides information technology (IT) enabled business solutions, has signed a definitive agreement to acquire Infotech Enterprises IT Services Private Limited (IEITS), an India-based provider of enterprise resource planning (ERP), open source technologies and remote infrastructure management services. IEITS is a wholly-owned subsidiary of Cyient, Ltd., an India-based provider of design engineering services, network engineering and operational support services, as well as data transformation services. The acquisition enables Techwave to further enhance its global capabilities in Europe and Asia-Pacific. The divestment will enable Cyient to focus on its engineering services and data, network and operations business. (http://www.individual.com/storyrss.php?story=208798875&hash=11575f2b55eeb35ec3cc62ab2a1f157c)


Filed under: Consulting M&A Deals, Uncategorized Tagged: consulting, deals, M&A, mergers and acquisitions, transactions

Consulting Sector M&A Deals for week beginning 7th September

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businessman doing handstand on the beachDeloitte (USA) acquires Indicia Talent & Performance (Netherlands)
Deal Size: Undisclosed Industry: HR Consulting Date: September 2015
Deloitte, through the full acquisition of the office and activities of Indicia Talent & Performance, expanded its footprint within the HR domain – specifically, in the area of HR Cloud services. This deal also sees the employees, relationships and current assignments integrated within Deloitte. Frans Dagelet, the former Managing Director of Indicia Talent & Performance, will, following the completed transaction, take a role of Director at Deloitte Consulting. Van Vliet comments: “With the acquisition of the activities of Indicia Talent & Performance, Deloitte’s leading market position in the field of HR Cloud Services and SAP/SuccessFactors is further strengthened.” Carlo Korssen, CEO of Indicia, ads: “Indicia Talent & Performance has built itself a formidable market position and has taken home several awards. We are proud of the fact that Deloitte would like to acquire this business off us and develop it further.” (http://www.consultancy.uk)

Netsmart Technologies Inc (USA) acquires Trend Consulting Services Inc (USA)
Deal Size: Undisclosed Industry: IT Consulting Date: September 2015
Netsmart Technologies Inc. has acquired an Ohio-based IT company for an undisclosed amount. Trend Consulting Services, which provides comprehensive IT outsourcing and infrastructure support services, adds expertise and resources to Overland Park-based Netsmart, according to a release. Trend’s capabilities also complement Netsmart’s managed-services strategy and its new Solutions Management Services business unit. “The addition of Trend’s outsourcing services and expertise enables us to provide our markets even more cost-effective and efficient services across the entire IT life cycle, whether or not they use a Netsmart CareRecord (EHR),” Netsmart CEOMike Valentine said in a release. Netsmart Technologies develops and delivers behavioural health information technology solutions. (http://www.bizjournals.com) 

Baker Consulting (USA) merged with The Norris Group (USA)
Deal Size: Undisclosed Industry: Business Consulting Date: September 2015
Baker Consulting announced that it has merged with The Norris Group, a consulting firm with expertise in Business Process Outsourcing (BPO), to form Baker Norris. The new firm, Baker Norris, delivers a comprehensive set of services that enable innovation, outsourcing, technology strategy and implementation services. With the addition of The Norris Group, the combined firm can provide clients with a broader set of capabilities to drive real business results. “Baker Consulting and its seasoned leadership team have done a fantastic job building a solid and successful operation that provides superior innovation services to the market,” said Tom Norris CEO of The Norris Group and new partner at Baker Norris. “I’m confident that by merging the two firms we can deliver a more comprehensive solution to our clients.” Baker Consulting has served a global customer base with strategy, consulting, deployment, support and training services. Together, the two firms have extensive knowledge of, and implementation experience with, clients in the consumer goods, financial services, technology, manufacturing, and retail industries. “We are thrilled to have the Norris Group join the Baker Consulting family. With this combination our organization provides the most comprehensive integrated suite of strategic consulting tools and technology; industry insights and research; and development solutions to help businesses thrive,” said Chuck Baker CEO of Baker Consulting. “We want to be the world’s most respected provider of objective consulting and implementation services. The Norris Group takes us a big step closer to realizing that vision.” (http://news.top-consultant.com)

Ricardo-AEA Ltd (UK) acquired Cascade Consulting (UK)
Deal Size: Undisclosed Industry: Environmental Consulting Date: September 2015
Ricardo, the West Sussex engineering and environmental consultancy, has acquired Cascade Consulting. It said that this is in line with its strategy of extending its reach into sectors associated with water and other scarce resources, and that the acquisition follows a successful collaboration with Cascade that began in February. It added that Cascade has particular expertise in the areas of water-resource management, catchment management, water quality, water treatment, flooding and coastal management, along with environmental-impact assessment. The newly acquired business provides environmental consulting services to the water sector and has 34 employees generating revenues of around £3 million. (http://www.machinery-market.co.uk)

NSF international Inc (USA) acquired Avarent LLC (USA)
Deal Size: Undisclosed Industry: Business Consulting Date: September 2015
NSF International, a leading provider of regulatory compliance, quality systems, analytical testing, education and consulting services for the medical device sector, has acquired Avarent LLC, a consulting firm with expertise in medical device products/processes development, design control, validation, quality assurance and regulatory compliance. Avarent will be renamed NSF Avarent. The addition of Avarent expands NSF International’s portfolio of medical device services to both NSF International and Avarent clients, combining Avarent’s expertise with NSF International’s experience in regulatory compliance and quality management systems throughout the medical device product lifecycle. As a result of the acquisition, current clients of NSF Medical Device Consulting will gain access to world-class expertise in device products/processes, design control and validation that will help them implement efficient, streamlined and cost-effective manufacturing processes while achieving optimal quality and regulatory compliance. On the other hand, Avarent clients will gain access to other NSF capabilities: i) Global client support in more than 160 countries, including across Asia, the Middle East, Africa, Europe and Central and Latin America, ii) A global network of ISO 17025-accredited laboratories in Europe, Asia, North and South America, ii) Global IT infrastructure with key tools to aid client engagement. (http://www.wthr.com)

Datapipe Inc (USA) acquired Dualspark Partners LLC (USA)
Deal Size: Undisclosed Industry: IT Consulting Date: September 2015
US-based IT solutions company Datapipe has acquired AWS assessment, automation, and migration companyDualSpark., the company said. DualSpark’s AWS consulting services are designed to simplify the experience of moving apps and critical infrastructure to the AWS cloud. The company was founded by former AWS managers who recognised that enterprises need expert advice and DevOpstraining to realise all the benefits of AWS’s rich cloud platform. Proven assessment methodologies, informed by the experience gained from hundreds of successful AWS deployments, combined with a focus on “Automation Everywhere” puts DualSpark at the forefront of enabling the transformation of traditional computing platforms to the AWS cloud. This acquisition is the latest advancement for Datapipe as the company continues to gain momentum in the security, integration and management of multiple cloud platforms, including AWS, Microsoft Azure, and its own leading hosted private cloud, Stratosphere. Earlier this year, the companyacquired GoGridto enhance its one-button deployment for big data solutions, in addition to being named an AWS Managed Service Provider Partner and a leader in the Gartner Magic Quadrant for Cloud Enabled Hosting, North America. Financial details of the acquisition were not disclosed. (http://www.bloomberg.com)

Meaden & Moore (USA) to acquire LBC International Investigative Accounting (Canada)
Deal Size: Undisclosed Industry: Financial & Business Advisory Date: September 2015
Accounting and consulting firm Meaden & Moore LLP announced that it’s entering into a strategic agreement with, and ultimately will acquire, Canadian forensic accounting firm LBC International Investigative Accounting Inc. Financial terms of the agreement were not disclosed. The deal bolsters the depth and expertise of forensic accounting offerings for both companies, who share common clients, and broadens the international reach for Meaden. Both firms work with insurance providers, legal counsel and government agencies, for example, providing collaborative opportunities. “The firms have worked together during the past two years through our U.K. partnership, and it became apparent we should be working much more closely in North America to better serve our clients,” said Meaden CEO James Carulas. “Our cultures, values and approach to client service could be leveraged to create a larger organization with the experience and resources to meet the demanding needs of our clients.” Meaden, which has global clients and is headquartered in Cleveland, has 13 offices across the United States, plus one in London (which LBC already had a minority stake in) covering about 200 total employees. Operations of the firm’s existing investigative accounting group include about 70 people in 11 offices. LBC International adds 25 employees and five additional offices — four in Canada and one in Paris — to Meaden’s footprint. All those offices will be renamed LBC Meaden & Moore International. The U.S. locations will retain their current name. “Expanding our forensic accounting and litigation support services to effectively meet the needs of our clients and staff while maintaining our commitment to quality and client service was an important goal for our organization,” said Philip Turner, partner in charge of LBC’s Toronto office, in a news release. “Our collaboration with Meaden & Moore achieves this goal.” (http://www.crainscleveland.com)

NexusTek (USA) acquired Illumen Group (USA)
Deal Size: Undisclosed Industry: IT Consulting Date: September 2015
NexusTek, a leading Denver-based managed IT services and business software consulting services firm, announced today they have acquired the assets of Illumen. Illumen provides IT support and consulting services throughout Colorado. The former CEO of Illumen, J. Michael Jenner, will move into the role of CEO at NexusTek. “Adding Illumen’s robust client portfolio and proven leadership in the Denver market makes sense for NexusTek,” said Jim Qualteri, President of NexusTek. “With Mike Jenner at the helm, and given his experience leading service divisions of more than 2,000 IT professionals, we will drive our growth strategy while continuing to deliver the highest quality professional services to the SMB market across Denver, Colorado’s Front Range, and the region.” The transaction expanded NexusTek to more than 50 Denver-based employees providing service to well over 500 clients, establishing the Company as one of the largest locally-headquartered IT firms serving small and medium-sized businesses. “The combined talent, resources, and service offerings of our companies will continue our legacy of delivering excellence in IT services and will create the number one, Denver-based Managed Services Provider for small and mid-sized businesses,” said Jenner. NexusTek plans to leverage its growth platform to further consolidate the local IT service provider market and expand regionally. (http://markets.financialcontent.com)

Envision Pharma (USA) acquires Alligent Biopharm Consulting (USA)
Deal Size: Undisclosed Industry: Business Consulting Date: September 2015
Envision Pharma Group, an innovative, technology-enabled scientific communications company focused on the biopharma and medical device industries, announced today that it has acquired Alligent Biopharm Consulting LLC. Alligent is a leading Medical Affairs agency that develops and delivers strategically-focused, integrated and aligned medical communications solutions to the biopharma industry. The deal was supported by the Halifax Group, a leading private equity firm which invests in health and biopharma services businesses, partnering with the Envision management team to provide the equity investment to facilitate the acquisition. Additional terms of the transaction were not disclosed. Alligent’s core skill sets of medical strategy development and planning, allied program implementation and stakeholder support will complement Envision’s existing services of strategic data dissemination – including publication planning, consultancy, and market access communications – to provide global Medical Affairs Departments with compliant, strategically focused evidence communication programs. Envision’s CEO, Brian Hepburn, commented, “The addition of Alligent to the Envision Pharma Group further cements our core tenet of becoming the leading international medical affairs agency. By acquiring Alligent, we are able to expand the capabilities we offer to medical affairs teams to ensure optimal evidence communication and ultimate product adoption based on scientific rigor.” (http://www.envisionpharmagroup.com)

Urban Science Applications Inc (USA) acquired AutoHook (USA)
Deal Size: Undisclosed Industry: Media Consulting Date: September 2015
Urban Science, a Detroit-based global provider of analytical solutions for automotive OEMs and their dealers, has acquired AutoHook, a digital marketing solutions provider focused on driving in-market shoppers directly to dealerships. “AutoHook is an important addition to Urban Science,” said Jim Anderson, founder, president, CEO of Urban Science. “We are breaking new ground in helping dealers drive their business performance in near real-time. Bringing science to retail has allowed our clients to achieve high sales and high profit performance at the same time. AutoHook is a perfect strategic fit for Urban Science due to its innovative approach to increase showroom traffic.” Through the acquisition of AutoHook, Urban Science expands its current digital marketing offerings by providing OEMs and dealers with the ability to offer real-time incentives to prospective shoppers through dealer websites, email, mobile, direct mail and third-party websites. (http://www.prnewswire.com)


Filed under: Consulting M&A Deals Tagged: consulting, deals, M&A, mergers and acquisitions, transactions

Consulting Sector M&A Deals for week beginning 14th September

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businessman doing handstand on the beachFutureye (Australia) acquires KPPR (Australia)
Deal Size: Undisclosed Industry: Media Consulting Date: September 2015
“Acquiring KPPR broadens and strengthens our experience in telecommunications, energy and fast moving consumer goods. It also enhances our portfolio of risk communication advisory services including product recalls, crisis management and privatisations,” Katherine Teh-White, Managing Director of Futureye, said. “Combining the risk, crisis communications and product recall capabilities of KPPR and Futureye will put Futureye in a world’s best practice position in this area and well positioned for growth in Australia and internationally”, Kelly Parkinson, founder of KPPR said. KPPR will be fully integrated into Futureye’s organisational structure in close collaboration with managing director Katherine Teh-White. Parkinson will be a director of Futureye and will be responsible for the communication, crisis and business resilience services. Futureye provides specialist strategy, communications & engagement services to organisations facing public concerns about their operations. (http://www.bandt.com)

Llorente & Cuenca (Spain) acquired majority stake in Cink (Spain)
Deal Size: Undisclosed Industry: Management Consulting Date: September 2015
Llorente & Cuenca, the corporate and financial communications firm with offices in Spain, Portugal and Latin America, has acquired 60 percent of Cink, a digital innovation consultancy. Cink, based in Spain, provides services covering technology, communication, and consultancy within the digital universe. Its works encompasses the design of digital transformation plans through to the development of prototypes that solve complex innovation challenges. It has a staff of 20 professionals and is headquartered in Barcelona. Says José Antonio Llorente, founding partner and CEO of Llorente & Cuenca, “The acquisition of Cink—a completely pioneering and cutting-edge company in its sector—will allow us to increase our expertise in innovation consultancy and be able to offer our clients solutions and services for the development of their digital communication strategies that are nowadays essential for any organisation.” Sergio Cortés, founder and CEO of Cink, joins the shareholders’ AGM of Llorente & Cuenca, and says the acquisition “represents an unrivalled opportunity to boost our international growth, making use of the group’s extensive territorial presence.” L&C has its own offices in Argentina, Brazil, Colombia, Chile, Ecuador, Spain, United States (Miami), Mexico, Panama, Peru, Portugal and the Dominican Republic. (http://www.holmesreport.com)

Huron Consulting Group (USA) to acquire Cloud62 (USA)
Deal Size: Undisclosed Industry: IT Consulting Date: September 2015
Huron Consulting Group, a provider of business consulting services, announced that it has entered into an agreement to acquire Cloud62, a high-growth firm specializing in complex Salesforce.com implementations and related cloud-based applications. The addition of Cloud62 will expand Huron’s Salesforce.com offerings to clients across multiple industries, including healthcare, higher education, manufacturing, retail and financial services. Terms of the acquisition, which is expected to close in October 2015, were not disclosed. “Cloud62 is an innovative partner in the Salesforce ecosystem,” said Jay Laabs, managing director and practice leader of Huron Consulting Group’s Enterprise Performance Management & Analytics practice. “The addition of the Cloud62 team will enhance Huron’s capabilities in a number of areas, but particularly in engaging our clients’ customers through the Salesforce platform.” As part of the deal, Cloud62 will be included in the Huron Business Advisory segment, which includes the EPM & Analytics practice. “We are pleased to join forces with the highly respected team at Huron. Together, we can assist companies in leveraging data within their enterprise to enhance customer experience—a priority in today’s competitive marketplace,” said Suchak, founder of Cloud62. “Cloud62’s understanding of Salesforce combined with Huron’s industry expertise and analytics services will allow us to better serve our clients.” (http://hitconsultant.net)

Inprova (UK) acquired UES Energy (UK)
Deal Size: Undisclosed Industry: Energy Consulting Date: September 2015
Warrington-based procurement outsourcing service company Inprova Group has bought private equity-backed energy consultancy UES Energy as part of its ambitious growth strategy. The company has purchased Caerphilly-based UES from its two owners for an undisclosed sum. Inprova’s latest deal will help it towards achieving the goal of doubling the size of its business over the next two to three years, with further acquisitions planned. UES Energy procures and manages over £150m of energy contracts on clients’ behalf and turnover is expected to be in excess of £2m this financial year. The firm analyses energy prices, validates utility bills and reports on energy usage to help clients. Paul Kennedy, Inprova Group chief executive, said: “This deal further consolidates Inprova’s growing energy services offer and brings us closer to our ambition to be among the top five TPIs [third party intermediaries] in the country. “UES Energy complements the world-class services, expertise and knowledge we already have in our new energy division and will enable us to continue to expand our service offer to existing customers and reach new markets. “This is a critical and complex area of spend for so many organisations and it is vital that they can access leading edge services for support. “Acquiring UES Energy and welcoming Andrew and Gruff to the business is the latest step towards establishing Inprova Group as an international force in the procurement markets.” (http://www.insidermedia.com)

Sonoma Consulting (USA) acquired StrategyHire (USA)
Deal Size: Undisclosed Industry: HR Consulting Date: September 2015
Sonoma Consulting, Inc., a global organization providing IT Recruitment Solutions and Executive Search today announced the acquisition of StrategyHire, a technology recruiting and solutions provider based in Tyson’s Corner, Virginia.  Sonoma Consulting is one of the fastest growing U.S. based IT Consulting and Executive Search Companies which is privately held with operations inNaperville IL, Chicago IL, Hyderabad India and now Tyson’s Corner, VA. “Sonoma Consulting is one of the most impressive IT recruitment and consulting organizations with an incredible national database, extensive processes, with a very large senior research and recruiting team,” added StrategyHire’s Managing Partner, Brandon Bracher.  “We have greatly expanded our service offerings to our clients with the national consulting team and the Sonoma Offshore Development Center which opened earlier in 2015.” Sonoma Consulting is one of the fastest growing Global IT Consulting and Executive Search companies in the United States, since its founding in 2011 by Mark McGee, the President and CEO. Sonoma Consulting has four offices and two business divisions specializing in IT Recruitment and Executive Search to serve its 150 national clients which range from entrepreneurial start-ups to Global Fortune 500. (http://markets.financialcontent.com)

Spader Business Management (USA) acquired Jerkins Creative Consulting (USA)
Deal Size: Undisclosed Industry: Business Consulting Date: September 2015
Spader Business Management is acquiring Illinois-based Jerkins Creative Consulting. Jerkins provides industry-specific curriculum-based education, on-site consulting, merger and acquisition services and peer groups in the farm equipment industry. “Business continuation was an important factor for me, but the main thrust was to achieve a more scalable business model,” Jerkins founder Floyd Jerkins said. “As the market consolidates, the needs of these organizations also change.” The organizations offer complementary products and services, Spader president John Spader said. “And we believe this is an opportunity to further enhance the offerings we’ve been providing for nearly 40 years,” he said. Spader has been providing peer groups, training consulting and other business development products and services for multiple industries since 1976. Some Jerkins employees will continue to work for Spader from Illinois. (http://www.argusleader.com)

Accenture (Ireland) to acquire Cloud Sherpas (USA)
Deal Size: Undisclosed Industry: IT Consulting Date: September 2015
Consulting, technology and outsourcing company Accenture is to buy cloud services provider, Cloud Sherpas. Accenture, which has headquarters in Dublin, Ireland, specializes in “helping organizations move to the cloud to take advantage of a new era of service delivery and flexibility”. The company offers a range of “As-a-Service” solutions and provides “industry-focused cloud services” and employs around 17,000 cloud computing professionals. The acquisition will strengthen Accenture’s enterprise cloud capability. Established in 2007, Cloud Sherpas offers “cloud advisory and technology services” with a focus on Google, Salesforce and ServiceNow solutions. The company has a global footprint with a presence in the United States, Australia, UAE, the UK, the Philippines, India and New Zealand. Its 1,100 staff will be absorbed by Accenture. By combining Cloud Sherpas staff and capabilities with its own, the company believes in will be able to create “differentiated cloud services across leading and emerging application platforms”. “We’ve reached a tipping point in cloud as our clients rapidly adopt cloud solutions,” explained the Chief Technology Officer at Accenture, Paul Daugherty. “Accenture’s Cloud First agenda is a game-changer that offers transformational cloud services to help clients move their businesses to the cloud and achieve significant business results more quickly. I look forward to welcoming the talented professionals of Cloud Sherpas to Accenture.” “We are thrilled to be joining forces with Accenture. Cloud Sherpas was born in the cloud and we are perfectly aligned with Accenture’s Cloud First agenda” added Cloud Sherpas’ Chief Executive Officer, David Northington. “The combination of our capabilities and experience with Accenture’s scale, broad industry expertise and global cloud application capabilities represents a unique and compelling opportunity for our clients, for our people and for the future of cloud technology.” (http://www.hostsearch.com)

Software Quality Systems (Germany) acquired Galmont Consulting (USA)
Deal Size: $22 million Industry: IT Consulting Date: September 2015
Software Quality Systems (SQS) has acquired Galmont Consulting for a maximum consideration of $22.0 million. The deal will provide SQS with a substantial revenue base, as well as support its strategy of diversifying its geographic revenue sources by expanding its operations in the US. Founded in 1999, Galmont Consulting is an US-based technology consulting firm that specialises in software quality assurance and testing and business analysis. The firm offers its clients the support and expertise needed to build defect-free technologies and the knowledge to improve internal testing and software quality management practices. Galmont’s more than 150 employees work from its offices in Chicago, Dallas, New York and Kentucky. SQS is one of the world’s largest specialist suppliers of software quality services. The consultancy firm provides solutions, training, consultancy and resources in the fields of Quality Governance, Software Quality Assurance, Test Management, Process and Application Intelligence. SQS was founded in 1982 in Cologne and currently employs approximately 4,100 staff in Europe, Asia, North America and Africa. In line with its ambition to grow its US footprint, as well as to diversify its geographic revenue base, SQS decided to acquire Galmont Consulting. The addition of Galmont’s services complements SQS’s existing capabilities in the US across several sectors, including Banking, Financial Services and Insurance, and Manufacturing. In addition, it brings in new expertise in Government and Healthcare. The deal also provides SQS with an established and growing near shore delivery centre in Kentucky and established relationships across a range of industry groups, allowing the firm to develop new business opportunities for its onshore and offshore testing services. Commenting on the deal, Diederik Vos, CEO of SQS, says: “The acquisition of Galmont, which has built an outstanding and established reputation, significantly expands our presence in this large and growing market for us. We warmly welcome Galmont’s highly talented team to SQS and look forward to continuing to build upon their client base and excellent reputation as a leading independent software testing consultancy in the US.” (http://www.consultancy.uk)


Filed under: Consulting M&A Deals Tagged: consulting, deals, M&A, mergers and acquisitions, transactions

Consulting Sector M&A Deals for week beginning 28th September

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businessman doing handstand on the beachAccenture plc (Ireland) agreed to acquire Sagacious Consultants, Llc (USA)
Deal Size: Undisclosed Industry: Healthcare Consulting Date: September 2015
Accenture announced that it has finalized its agreement to acquire Sagacious Consultants, an electronic health record consulting practice, to expand capabilities for helping clients to better manage healthcare quality, efficiency and costs. Approximately 250 employees from Sagacious Consultants will bring to Accenture their specialized skills in implementation, systems integration, upgrades and optimization of EHR solutions from Epic Systems Corporation. The acquisition will expand the capabilities of Accenture to help clients realize the benefits of EHR systems, thereby improving clinical and business outcomes. Sagacious Consultants, recognized as the 2013 Best in KLAS for Clinical Implementation Services, will bring extensive expertise in healthcare IT, information solutions, optimization, data analytics and data warehousing for Epic-related systems. “As the global EHR market continues on a trajectory that will surpass $22 billion this year, there is a critical need for medical IT specialists who can help healthcare systems maximize the utility and impact of digital health records,” said Kaveh Safavi, managing director for Accenture’s global healthcare business. “Sagacious will enhance our capabilities, expertise and ability to drive transformational outcomes for our clients.” (http://wtnnews.com)


Synechron Inc. (USA) acquired Crossbridge (UK)
Deal Size: Undisclosed Industry: Financial services Date: September 2015
Established in 2008, Crossbridge is a specialist consultancy focused exclusively on Financial Services which helps clients address critical business priorities covering technology, operational strategy and change. The acquisition deepens Synechron’s strong financial services expertise and expands its offerings to include Business and IT Transformation, Regulatory Services, Data, and Financial Crime. The deal extensively augments Synechron’s Consulting expertise and consolidates its footprint in the London financial services community and the European market. Speaking about the acquisition, Tony Clark and Richard Squire, Managing Partners of Crossbridge said, “Our clients have been looking to us to rapidly grow the Crossbridge consulting services, capacity and global footprint, so joining forces with Synechron is a great strategic move. We are delighted to be part of a team with technical depth and scale which is absolutely well aligned with our Transformation, Regulation, Financial Crime, Data and Digital practice areas. In a rapidly evolving market, we believe that the amalgamation of Synechron’s technical consulting focus and Crossbridge’s business consulting capabilities creates a truly leading full lifecycle financial services consulting proposition”. (http://www.consultant-news.com) 

Sectra Communications Oy (Finland) agreed to acquire EXP Analytics Oy (Finland)
Deal Size: Undisclosed Industry: Cyber security Date: September 2015
EXP Analytics specializes in conducting analyses, as well as preparing strategies and solutions for information and cyber security on behalf of public authorities in Finland. The company has six employees and annual sales amount to approximately EUR 1 million. “Finland is an attractive market, where we foresee growth potential for our security solutions and services. The acquisition of EXP Analytics will provide us with local resources and expertise to deliver secure communications to Finnish customers,” says Michael Bertilsson, President of Sectra’sSecure Communications business area. The acquisition is in line with the Group’s strategy to expand in the areas and regions where the company commands an established position. This will be done primarily through organic growth, supplemented by acquisitions that also strengthen the Group’s organic growth. The operation will be transferred to the Finnish subsidiary, Sectra Communications Oy, which is included in Sectra’sSecure Communications business area. (http://www.4-traders.com)

International Business Machines Corporation (USA) signed a definitive agreement to acquire Meteorix, Inc. (USA)
Deal Size: Undisclosed Industry: Cyber security Date: September 2015
IBM today announced that it will buy Meteorix, a company that specializes in providing consulting services for Workday’s cloud-based finance and human resources software. Meteorix can handle implementations of Workday’s finance management software, its human capital management software, or both. The deal should be a good thing for publicly traded Workday. Indeed, Workday cofounder and chief executive Aneel Bhusri displayed a confident attitude in the press release. “Meteorix’s deep Workday experience together with the industry expertise of IBM gives our customers a global strategic partner to help them put their finance and HR operations in the cloud and transform their businesses for future growth,” he said. (http://venturebeat.com)

Carlyle Europe Partners IV, L.P., managed by The Carlyle Group LP (USA) entered into an agreement to acquire 51% stake in PA Consulting Group Limited (UK)
Deal Size: Undisclosed Industry: Management consulting Date: September 2015
Carlyle, the US private equity group, is to take control of PA Consulting, the British company specialising in technology, innovation and public sector work, to help it expand by acquisition. Carlyle’s purchase of a 51 per cent stake in PA, to be announced on Tuesday, would value the consultancy, which is owned by its 2,500 employees, at $1bn. The deal will require approval of a majority of the PA staff who own shares at a vote in November. The UK group stressed continued employee share ownership was an important feature of the transaction. High quality global journalism requires investment. One reason for the deal is to give PA more firepower to attract and retain staff and to buy other groups. Alan Middleton, PA’s chief executive, said: “The structure that we will put in place will give us the flexibility to go after the real big bears in the market. It will give us a few more rounds in our gun.” (http://www.ft.com)

Infogain Corporation (USA) entered into definitive agreement to acquire Blue Star Infotech (Singapore) Pte. Ltd.
Deal Size: Undisclosed Industry: IT consulting Date: September 2015
San Francisco-based IT consulting company Infogain will acquire the IT operations of Blue star Infotech (BSIL), to bolster its digital offerings in areas including cloud, mobility, SAP and analytics. The aggregate consideration for the IT business of BSIL and its subsidiaries in USA, UK and Singapore under the transaction will be Rs 180.80 crores, payable upon completion of the sale. In addition, BSIL would retain a real estate undertaking, a certain amount of cash and tax receivables. The fair value of these net assets to be retained by BSIL is expected to be around Rs 96.7 crores. The sale transaction is subject to the approval of shareholders of BSIL. Blue Star Infotech, a digital transformation consulting and services company, combines the best of engineering, creativity and technology to deliver the next generation of software solutions to its global customers and enable them to be future-ready. Part of the well-known Blue Star Group, Blue Star Infotech is a listed company with its global headquarters in Mumbai, India, and with operations in USA, UK, Europe, Malaysia, and Singapore. (http://www.indian-commodity.com)

WPP (UK) agrees to acquire majority stake in Six Degrees PR (India) and Alphabet Consulting (India)
Deal Size: Undisclosed Industry: Marketing consulting Date: September 2015
WPP PLC: Says it has agreed to acquire a majority stake in full-service public relations agency Six Degrees PR and its content and integrated marketing subsidiary Alphabet Consulting, with offices in Delhi, Mumbai and Bangalore. (http://uk.reuters.com)

Cisco Systems, Inc. (USA) agreed to acquire Portcullis Computer Security (UK)
Deal Size: Undisclosed Industry: Cyber security Date: September 2015
Cisco has snapped up UK firm Portcullis to cater for increased demand for security consultancy services. The team will join the Cisco Security Solutions group, led by vice president James Mobley. Portcullis specializes in security analysis, penetration testing and research. The company is active in with ISO 270001:2013 security compliance and PCI DSS audits, a standard used for digital payments. “We supply scanning and penetration testing services to companies seeking compliance with the PCI DSS, which was developed by members of the PCI Security Standards Council (including Visa, Mastercard, JCB, Discover Financial Services and American Express) with the aim of applying consistent data security measures to card payment accounts across the globe,” the company’s website states. Cisco hopes the purchase of Portcullis will accelerate the company’s expansion into security consultancy services outside of the United States. (http://www.zdnet.com)

Cion (Canada) acquired Coulter Building Consultants (Canada)
Deal Size: Undisclosed Industry: Engineering consulting Date: September 2015
Cion, an Ingenium Group company, acquired Coulter Building Consultants to combine services and expand as one firm, Cion Coulter. Cion provides technical services tailored to the property and facilities management industry in Toronto. Coulter is a group of consulting engineers and building scientists serving Burlington, Ont., and surrounding areas. A specialist in the assessment and problem correction of multi-unit residential, commercial, institutional, and recreational properties, it works with building owners and property managers to address problems in design, maintenance, and rehabilitation of existing buildings. “This importation acquisition is in line with Cion’s corporate strategy of focused and measured expansion of its building sciences services,” said Victor Smith, Ingenium Group CEO. “We recognize the value of the brand that founder Kim Coulter has built and are confident its market will help Cion leverage its excellent technical capabilities.” The new company will operate in Burlington and Toronto, with Kim Coulter remaining as active president. Going forward, it will continue to focus on technical analysis and project management services for the maintenance, remediation, and repair of residential, commercial, and industrial buildings. (http://www.constructioncanada.net)

XL Innovate (USA) acquired New Energy Risk, Inc. (USA)
Deal Size: Undisclosed Industry: IT consulting Date: September 2015
XL Innovate, the venture capital initiative sponsored by XL Group, has acquired all of the shares of data analytics and consulting firm New Energy Risk. New Energy Risk will continue under the leadership of chief executive officer (CEO) Tom Dickson, who has more than 25 years of experience in the re/insurance industry. Tom Hutton, managing partner of XL Innovate, said: “New Energy Risk has developed and delivered to the market unique performance warranty products which enable clean technology companies to obtain the project financing they need in order to grow. “We look forward to the continued expansion of New Energy Risk under the leadership of CEO Tom Dickson who has a respected track record of leading companies that respond to market opportunities with creative solutions grounded in high quality analytics, underwriting and risk assessment. Dickson added: “I’m excited to be back in an underwriting role, and particularly excited by the opportunity to address such high value client relationships throughout the world. “At New Energy Risk, we collaborate closely with customers, brokers, financiers and other intermediaries in developing customised policies to encourage customer acceptance and support financing of renewable and clean energy technologies.” (http://www.intelligentinsurer.com)

Arthur J Gallagher & Co. (USA) acquired Burkwald & Associates (USA)
Deal Size: Undisclosed Industry: IT consulting Date: September 2015
Burkwald & Associates Inc., a Pewaukee-based management and employee benefits consulting firm, has been acquired by Arthur J. Gallagher & Co. Terms of the deal, announced Friday by Gallagher, were not disclosed. Burkwald & Associates, founded in 1978, offers a range of group employee benefits products and consulting services to clients throughout the Midwest, Gallagher said. The firm specializes in providing strategic planning, employee benefits, employee communications, education and wellness products and services. Daniel Burkwald and his team will continue to operate from their current location under the direction of William Ziebell, Gallagher’s North Central employee benefit consulting and brokerage leader, Gallagher said. “Burkwald is well-respected for their benefits consulting expertise and their ability to anticipate and provide benefit solutions for their clients’ evolving business needs. Not only do they have a sales culture that matches ours, their team is also focused on high-quality customer service,” J. Patrick Gallagher Jr., chairman, president and chief executive, said in a statement. “In addition, their Milwaukee-area presence and solid industry relationships will be a terrific complement to our expanding employee benefits brokerage and consulting operation.” Arthur J. Gallagher & Co. is an international insurance brokerage and risk management services firm headquartered in Itasca, Ill. (http://www.jsonline.com)


Filed under: Consulting M&A Deals Tagged: consulting, deals, M&A, mergers and acquisitions, transactions

Consulting Sector M&A Deals for week beginning 5th October

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businessman doing handstand on the beachErnst & Young France (France) acquired Bluestone Consulting (France)
Deal Size: Undisclosed Industry: IT Consulting Date: October 2015
The Advisory business of EY has acquired Bluestone Consulting, an analytics and big data consultancy based in France. The deal boosts EY’s capabilities in the analytics space, bringing the total number of data scientists in France to 130. With the addition of Bluestone Consulting, EY boosts its data analytics capabilities in France and the broader EMEIA region, says Andrew Embury, EY Advisory Leader EMEIA. “The acquisition of Bluestone Consulting comes at a crucial time as today’s organisations are becoming increasingly data driven and are looking to harness data and analytics to make better decisions and accelerate their business performance. By combining our strengths, EY will be in a stronger position to help our clients address their big, complex business issues.” As part of the integration, former Bluestone Consulting leaders Arnaud Laroche, Xavier de Boissieu and Pierre Capelle have joined EY in France and will lead the new combined team along with EY’s Karim Ben Djemiaa. According to Laroche, who previously led Bluestone Consulting, the joining of forces with EY will provide his firm and its employees the opportunity to do what it has been doing for the past 15 years “on a much bigger stage.” (http://www.consultancy.uk)

Koninklijke Philips N.V (Netherlands) agreed to acquire Blue Jay Consulting, LLC (USA)
Deal Size: Undisclosed Industry: Healthcare Consulting Date: October 2015
Royal Philips announced that it has signed an agreement to acquire Blue Jay Consulting, a leading provider of consulting services to hospital emergency departments in the U.S. The transaction, which is subject to customary closing conditions, is expected to close in the fourth quarter of 2015. “Our customers are increasingly asking us to help them improve patient engagement and operational efficiencies across their enterprise,” said Jeroen Tas, CEO Healthcare Informatics, Solutions and Services. “The ability to augment our health technology offering with consulting services is therefore a critical element of our integrated solutions. With the acquisition of Blue Jay Consulting, Philips is further executing on its strategy to strengthen its capabilities to enhance the operational and financial performance of hospitals and health systems, while enhancing outcomes for both hospitals and patients alike.” In the past three years, Philips has significantly strengthened its capabilities in consulting services and business model innovation in health care. This has, for example, resulted in the recently announced long-term enterprise managed services partnership with Westchester Medical Center Health Network in the state of New York. The acquisition of Blue Jay Consulting will further expand these capabilities, primarily in the U.S, but also globally. (http://www.newscenter.philips.com)

Performics Inc. (United States) acquired FirstClick Consulting Pty Ltd. (Australia)
Deal Size: Undisclosed Industry: Healthcare Consulting Date: October 2015
ZenithOptimedia, part of Publicis Groupe announced the acquisition of FirstClick Consulting, Australia’s leading independent performance marketing agency. FirstClick will become part of Performics Worldwide, ZenithOptimedia’s global performance marketing network. The agency will rebrand to Performics Australia and will retain its current management team, led by CEO Grace Chu, who will join the Performics Global Executive Leadership Team. Investing in performance marketing solutions through the development of the Performics network is a key growth strategy for the ZenithOptimedia Group. Founded in 2005 and headquartered in Sydney, FirstClick provides clients across Australia with a full range of digital performance marketing services including search engine marketing, search engine optimisation, programmatic buying, social marketing, marketing analytics and conversion rate optimisation. Michael Kahn, CEO of Performics Worldwide, said: “We have been very impressed with the quality of FirstClick’s offering and the results it is delivering to its clients are truly exceptional by global standards. The combination of Performics, a global leader in performance marketing with FirstClick, a market leader in Australia will provide clients with a combination of global best practice and strong local knowledge. We are confident that together we will be very well positioned to service the growing digital opportunity in Australia.” (http://mumbrella.com.au)

RAG-Stiftung Beteiligungsgesellschaft mbH (Germany) acquired majority stake in Pell Frischmann Group Ltd. (UK)
Deal Size: Undisclosed Industry: Engineering Consulting Date: October 2015
AG-Stiftung (Foundation) Investment Company, the investment arm of Germany’s largest coal mining corporation, has purchased a majority stake in London-based engineering consultancy Pell Frischmann. The investment company has purchased the stakes previously owned by the Frischmann family and part of the Prabhu family to take a majority share of the business. Pell Frischmann employs more than 1,000 staff worldwide with eight offices across the UK and international offices in India, the Middle East, Turkey and Romania. Established by Cecil Pell in the 1920s, the company formed a partnership with Dr Wilem Frischmann in the early 1970s to form Pell Frischmann. Wilem Frischmann will be stepping down from his role as chairman, to be replaced by Jürgen Wild, managing director of RAG-Stiftung Investment Company, and will take on a new role as a strategic adviser to the board. Senior management team members, Tushar Prabhu and Richard Barrett, will become co-CEOs. Wild said: “Our strategy is to invest in market-leading firms with an international reach and a strong existing management team that delivers steady returns and growth. Pell Frischmann fits our criteria perfectly. A highly respected engineering consultancy that has an enviable reputation of combining cutting-edge technical expertise with superior customer service. I am committed to support the team growing the business both in the UK and abroad.” (http://www.construction-manager.co.uk)

Arthur J Gallagher & Co. (USA) acquired Burkwald & Associates (USA)
Deal Size: Undisclosed Industry: HR Consulting Date: October 2015
Arthur J. Gallagher & Co. has acquired Pewaukee, Wisconsin-based employee benefits consulting firm Burkwald & Associates Inc. Burkwald is a management and employee benefits consulting firm that provides group employee benefits and consulting services to Midwest commercial and public entity clients in the Midwest, Gallagher said Friday in a statement. Dan Burkwald and his staff of 15 employees will continue to operate from their Pewaukee location and report to William Ziebell, Gallagher’s north central employee benefit consulting and brokerage leader, a Gallagher spokeswoman said Monday. “Not only do they have a sales culture that matches ours, their team is also focused on high-quality customer service,” J. Patrick Gallagher Jr., chairman, president and CEO, said in the statement of the Burkwald purchase. “In addition, their Milwaukee-area presence and solid industry relationships will be a terrific complement to our expanding employee benefits brokerage and consulting operation.” (http://www.businessinsurance.com)

Sectra Communications Oy (Finland) agreed to acquire EXP Analytics Oy (Finland)
Deal Size: Undisclosed Industry: IT Consulting Date: October 2015
The IT and Medical Technology company Sectra has acquired the Finnish consulting company, EXP Analytics. EXP Analytics specializes in conducting analyses, as well as preparing strategies and solutions for information and cyber security on behalf of public authorities in Finland. The company has six employees and annual sales amount to approximately EUR 1 million. The acquisition will strengthen Sectra’s presence in Finland.
“Finland is an attractive market, where we foresee growth potential for our security solutions and services. The acquisition of EXP Analytics will provide us with local resources and expertise to deliver secure communications to Finnish customers,” says Michael Bertilsson, President of Sectra’s Secure Communications business area. The acquisition is in line with the Group’s strategy to expand in the areas and regions where the company commands an established position. This will be done primarily through organic growth, supplemented by acquisitions that also strengthen the Group’s organic growth. The operation will be transferred to the Finnish subsidiary, Sectra Communications Oy, which is included in Sectra’s Secure Communications business area. (http://nordiclifescience.org)

Heidrick & Struggles (U.K.) Limited (UK) acquired Co Company (UK)
Deal Size: Undisclosed Industry: Management Consulting Date: October 2015
Heidrick & Struggles (Nasdaq: HSII), the premier provider of executive search, leadership consulting and culture shaping worldwide, announced today that it has acquired Co Company, a London-based advisory boutique specializing in leadership services that accelerate organizational  performance. “This acquisition is an important marker in the further development of our full complement of leadership advisory services to help our clients achieve transformative results,” said Tracy R. Wolstencroft, Heidrick & Struggles’ President and Chief Executive Officer. “The addition of Co Company provides a premium leadership and organizational development capability with tools that can scale globally. It will enhance our ability to work with senior executives around the world to accelerate individual, team and business performance.” Led by Colin Price, a senior leadership advisor who previously served as a director at McKinsey & Co. and a partner at Price Waterhouse Management Consultants, Co Company advises clients on key facets of organizational performance including team dynamics, performance management and leadership assessment, development and transformation. Price will lead Heidrick & Struggles’ Leadership Consulting practice globally as Executive Vice President, based in London. He will serve as a member of the firm’s Management Committee. “Colin has developed a strategic advisory firm combining data analytics with insightful, professional judgment to help teams succeed in unpredictable and rapidly changing operating environments,” Wolstencroft said. “The team will further develop and deploy this model at Heidrick & Struggles, leading the expansion of our Leadership Consulting services globally with a relentless client focus.” (http://thenumbers.marketplace.org)

Mercer LLC (USA) agreed to acquire HR Business Solutions (Hong Kong)
Deal Size: Undisclosed Industry: Management Consulting Date: October 2015
Mercer, the consultancy unit of Marsh & McLennan, has acquired Human Resources Business Solutions (HRBS), a provider of career and talent consulting and information services to clients across Asia. The company said the acquisition will extend Mercer’s offering in Asia in compensation and benefits expertise, an area of critical importance in the region’s high demand talent markets. HRBS has offices in Hong Kong, Singapore, Shanghai and Beijing and employs approximately 45 professionals. The company is a dominant player in the compensation and benefits space for inbound multinationals and has established market leadership in the luxury goods, retail and apparel-sourcing sectors across Asia. The firm will enhance Mercer’s portfolio in the areas of remuneration strategy, pay structure design, short- and long-term incentive design and performance management. It will also bring a range of regular surveys to Mercer clients. Susan Haberman, Mercer’s talent business leader for growth markets, said: “Our clients across Asia are experiencing incredible growth and change and, as a result, they are facing new and greater complexities in talent management.(http://www.intelligentinsurer.com)

Groupe Protec (France) acquired Tersus Consultancy Ltd. (UK)
Deal Size: Undisclosed Industry: Engineering Consulting Date: October 2015
A Birmingham-headquartered provider of asbestos consultancy, surveys and air monitoring, which employs 130 staff across five UK offices, has been acquired by French company Groupe Protec. Tersus Consultancy was been snapped up by Groupe Protec and the sale provides London-based private equity firm Meridian Equity with an exit. Tersus, which has UK offices in London, Birmingham, Sheffield, Brighton and Taunton, was advised by accountancy firm Mazars advised on the sale. New owner Groupe Protec was established in 1997 and is focused on health and hygiene protective equipment. Alan Peck, Tersus managing director, said: “Protec Groupe has a very well established reputation in France and we are looking forward to working with the team at Groupe Protec. The acquisition will open up exciting growth opportunities for Tersus Consultancy.” Leeds-based Oliver Hoffman, Alex Baskeyfield, and Will Brennand represented Mazars on the deal. Alex Baskeyfield said: “Both Tersus Consultancy and Protec Group have excellent reputations and this acquisition will strengthen both firms and is sure to have a positive impact on their staff and customers. “It provides an exciting opportunity for Tersus Consultancy to benefit from access to a larger European business and offers Protec Groupe a strong presence in the UK market.” (http://www.insidermedia.com)

Denovo (USA) acquired BizTech (USA)
Deal Size: Undisclosed Industry: IT Consulting Date: October 2015
Denovo, a leading provider of enterprise cloud hosting, consulting, outsourcing and managed services, today announced that it has acquired the assets of BizTech, an award-winning provider of consulting services for Oracle Cloud Applications, Business Intelligence, Hyperion and E-Business Suite (EBS). The terms of the transaction are confidential. In 2001, Tom Connolly founded BizTech. For more than a decade, the company has focused on delivering its services and solutions for Oracle Applications and applied technologies to small, mid-size and Fortune 500 companies. Continually innovating, BizTech provides on-premise customers with a cloud-deployed alternative. BizTech’s cloud implementations help improve customer ROI, reduce risk and accelerate time to value. Making an early commitment to Oracle Cloud products, BizTech has successfully implemented over twenty instances of Cloud ERP. Marty Snella, Denovo’s Chief Executive Officer stated, “This acquisition is strategic to us in so many ways. First and foremost, it significantly deepens our portfolio of Oracle ERP products and cloud services. The Eastern expansion, also demonstrates our commitment to becoming Oracle’s go-to national partner, across all Oracle products.” Marty continued, “Tom has done a phenomenal job assembling a very talented senior leadership team at BizTech. We are excited that the BizTech Management team is moving forward with Denovo, and will take on significant roles within our organization. This is critical to our rapid growth strategy in the Eastern US.” Denovo, an Oracle Platinum partner, has been very transparent with its aggressive growth plans. Tom Connolly, CEO, BizTech added, “In Denovo, we have found an incredible partner who shares our vision and drive for excellence. This strategic combination represents a unique opportunity, where the complementary strengths of BizTech and Denovo’s robust cloud and ERP service offerings will be leveraged to deliver more value our customers across the US. I am very enthusiastic to combine BizTech’s expertise and key talent with that of Denovo.” (http://stocks.moneyshow.com)

IDOX plc (UK) acquired Reading Room, Ltd (UK)
Deal Size: $8.6 million Industry: Marketing Consulting Date: October 2015
AIM-listed software group Idox has acquired a digital consultancy with bases in Manchester and London in a deal worth approximately £5.6m. Idox will be acquiring the company’s trading entities in London and Manchester but not its Asia Pacific subsidiaries. Founded in 1996, Reading Room is a digital consultancy with a focus on delivering websites and digital services that enable its customers to make shifts into digital business and client engagement. The company counts the likes of ŠKODA, Taylor Wimpey, National Football Museum, West Yorkshire Police, HM Revenue & Customs, Visit England and Big Lottery Fund among its clients. The businesses being acquired reported revenues of approximately £9.8m and EBITDA of about £300,000 for the year ended 31 March 2015. “The acquisition of Reading Room is a major step in our strategy to build a sophisticated digital platform from which we can leverage our sector and domain knowledge to provide value adding solutions across the UK and Europe,” said Idox chief executive Richard Kellett-Clarke. Sarah Vick, managing director at Reading Room, added: “I am delighted that we have joined the Idox Group, with all the opportunities that will become available to us from being part of such a business. It is a great fit for us and the beginning of an exciting new era for Reading Room.” (http://www.insidermedia.com)


Filed under: Consulting M&A Deals Tagged: consulting, deals, M&A, mergers and acquisitions, transactions

Consulting Sector M&A Deals for week beginning 12th October

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businessman doing handstand on the beachWarren Whitney (USA) merges with Convergent Business Solutions (USA)
Deal Size: Undisclosed Industry: IT Consulting Date: October 2015
Warren Whitney, a management consulting firm that serves privately held and nonprofit organizations, has added technology consulting expertise through a merger with Convergent Business Solutions. Warren Whitney, a 15-person business based in western Henrico County, announced the merger Monday. Katherine Whitney, co-founder and director of Warren Whitney, will head the merged company. David Nelms, owner and sole employee of Convergent Business Solutions, will lead the technology practice. The merged company will operate from the Warren Whitney offices. Warren Whitney, in business for more than 26 years, offers senior-level leadership for its clients in finance and accounting, human resources, and sales and marketing. The company also provides strategic planning, board governance and executive searches. In addition to technology consulting, Convergent Business Solutions provides contract chief information officer and chief operating officer services for midsize organizations, focusing on “strategy that integrates technology and operations within the business,” according to a statement from Warren Whitney. Scott Warren, co-founder of Warren Whitney, said in the statement that the two companies have collaborated on work with a number of clients and that Nelms “has built his technology firm in a model that parallels Warren Whitney’s.” “Both firms work with midsize organizations to help them address critical business challenges,” Nelms said. “Our new alignment allows us to address all aspects of an organization’s needs.” Larry Gumprich, chief financial officer for Integrated Global Services, a client of the two firms, said in the statement that the companies “have worked seamlessly as a team for us for the last seven months on an important revamping of our information systems. The merger comes as no surprise.” (http://www.richmond.com)

TÜV SÜD AG (Germany) acquired Dunbar and Boardman Partnership Ltd. (UK)
Deal Size: Undisclosed Industry: Engineering Consulting Date: October 2015
“Dunbar and Boardman’s portfolio of services is the perfect match for our company,” says DrUlrich Klotz, Head of TÜV SÜD’s Real Estate & Infrastructure Division. “In recent years we have made enormous progress in creating an integrated range of consulting services and our customers are the primary beneficiaries. By acquiring the company, we can achieve several strategic objectives at once.” These objectives span further consolidation of TÜV SÜD’s position on the UK real-estate market, as well as the company’s plans for global establishment and expansion of consulting services from its Real Estate & Infrastructure Division. “TÜV SÜD’s acquisition of Dunbar and Boardman has given us the status of market leader,” explains Michael Valente, CEO of the Western Europe Region at TÜV SÜD. With almost 60 employees at 12 locations in the UK, and further offices in Dublin and Dubai, Dunbar and Boardman provides a full range of consulting services for the installation, operation and maintenance of lift systems. TÜV SÜD thus now occupies an excellent starting-position from which to roll out further services in the UK and extend its integrated consulting services for the real-estate sector to this market. “Vertical Transport and Facade Access inspections are areas of core business for TÜV SÜD,” notes Peter Boardman, co-founder of Dunbar and Boardman Partnership Ltd. “I am therefore delighted that our company can extend this core business into consultancy and continue our successful development under the umbrella of the TÜV SÜD Group. We look forward to contributing our experience and advancing the range of consultancy services on offer.” (http://www.informazione.it)

Tetra Tech Inc. (USA) to acquire Coffey International Limited (Australia)
Deal Size: Undisclosed Industry: Engineering Consulting Date: October 2015
US-based consulting and engineering services firm Tetra Tech, Inc. (NASDAQ: TTEK) and Australian consulting firm Coffey International Ltd. (ASX: COF) have executed a bid implementation agreement under which Tetra Tech will make an off-market takeover offer to acquire 100% of the outstanding shares of Coffey for AUD 0.425 cash per share, Tetra Tech said. Founded in 1959 as Australia’s first geotechnical engineering firm, Coffey employs 3,300 staff globally, delivering smart solutions and providing innovation and insight across three core service areas including international development, geoservices, and project management. For the most recent fiscal year ended 30 June 2015, Coffey reported revenue of AUD 556m (USD 407m). The acquisition of Coffey expands Tetra Tech’s geographic presence and positions Tetra Tech as the leading global consulting firm for international development, supporting the US Agency for International Development, Australia’s Department for Foreign Affairs and Trade, and the United Kingdom’s Department for International Development. Tetra Tech supports commercial and government clients focused on water, environment, infrastructure, resource management, and energy. The firm has 13,000 staff worldwide. (http://www.bloomberg.com)

Palladium Group, Inc. (USA) acquired CARANA Corporation (USA)
Deal Size: Undisclosed Industry: Business Consulting Date: October 2015
Palladium is pleased to announce their acquisition of CARANA Corporation. CARANA, a US-based company, designs and implements economic development strategies for governments, companies and donor organisations. CARANA forges market-led alliances with private and public partners to address issues that affect vulnerable groups, such as gender equity, youth employment and environmental stewardship. Palladium and CARANA share a common vision of the future of positive impact. Both envision an impact economy marked by alignment of social and commercial interests to create sustainable positive impact for a broad range of constituents. CARANA’s history of harnessing commercial expertise to address social issues matches Palladium’s desire to bridge the gap between the private and public sectors to better serve the interests of both. Kim Bredhauer, Palladium’s group managing director, sees great opportunity in the newly enlarged company: “CARANA’s well-regarded technical expertise in economic development will play a crucial role in our growth strategy by greatly expanding the breadth of our offerings. Palladium’s resources and reach will allow us to achieve greater scale in economic development projects and deliver even greater impact to those who need it most. We can now better respond to the needs of clients across all sectors and better fulfil our mission of catalysing an enriched future for all.” “We are delighted to be joining such a dynamic organisation with a shared commitment to bringing together private and public resources to maximize impact and inclusive economic development,” said Eduardo Tugendhat, chief executive officer of CARANA. (http://www.prnewswire.com)

Voisin Consulting SARL (France) acquired B&H Consulting Services, Inc. (USA)
Deal Size: Undisclosed Industry: Management Consulting Date: October 2015
Voisin Consulting Life Sciences (VCLS), the global healthcare product development consultancy, and B&H Consulting Services, Inc. (B&H), an experienced regulatory firm helping pharma and biotech companies facilitate interactions with FDA and navigate the regulatory process, today announced that they are joining forces. The transaction forms one of the largest independent consulting groups delivering high-end regulatory services to support the interactions with the U.S. Food and Drug Administration, the European Medicines Agency, and other global health authorities. VCLS and B&H now have U.S. offices in Cambridge, MA; Somerville, NJ; and San Francisco, CA; in addition to Paris and Rennes, France; London, UK; Lausanne, Switzerland; Bangalore, India; and Singapore. “The demand for U.S. regulatory strategy and operations is very high, which made us accelerate the growth of our existing U.S. teams,” says VCLS Founder and CEO Emmanuelle M. Voisin, Ph.D. “Helen Ribbans, Founder and President of B&H, and her team possess outstanding expertise, credibility in the industry, and strategic vision that make them the ideal addition to the VCLS family.” Founded in 1988 and based in Somerville, NJ, B&H provides strategic regulatory advice to pharma and biotech companies, and supports healthcare innovators in their interactions with U.S. FDA. B&H also delivers in-depth Chemistry, Manufacturing and Controls expertise, as well as strategic and operational support for all regulatory submissions including electronic publishing services. “We are excited by the opportunity to expand the depth and breadth of services that we can offer to our clients as they seek to meet the regulatory requirements of the global healthcare market,” said Helen M. Ribbans, B&H Founder and President. “Joining forces with the VCLS group provides our clients with tremendous experience across all therapeutic areas, and the global footprint that they need to accelerate their results,” said Stephanie M. Pierson, who was named CEO of B&H as part of this transaction. Ms. Pierson previously was Vice-President of B&H. (http://www.businesswire.com)

Liberty Environmental, Inc. (USA) acquired Hafer Environmental Services (USA)
Deal Size: Undisclosed Industry: Environmental Consulting Date: October 2015
Reading’s Liberty Environmental Inc. has acquired environmental consulting firm Hafer Environmental Services, also of Reading. Hafer’s owner, Christopher Kern, and its senior environmental scientist, Michael Bingaman, have joined Liberty’s office. Both have more than 20 years of experience in site assessment, site characterization, storage tank management and soil and groundwater remediation. It is Liberty’s second acquisition in the past three years. In 2012, Liberty acquired Alternative Environmental Solutions of Lancaster. James Cinelli, president of Liberty, said the acquisition is part of strategic growth, particularly in the firm’s site assessment and remediation work. “This acquisition fuels continued growth of our site assessment and remediation practice areas. We are thrilled to add the experienced staff from Hafer Environmental Services and build upon our client base in the region,” Cinelli said. Hafer was founded in 1989 by Larry Hafer. Kern bought the practice in 1998 upon Hafer’s retirement. (http://www.lvb.com)

Square Root Solutions, Inc. (USA) acquired Fitzgerald Analytics (USA)
Deal Size: Undisclosed Industry: IT Consulting Date: October 2015
Square Roots, a life sciences company focused on pregnancy and the healthy formation of life, announced that it has acquired Fitzgerald Analytics, a leading analytics and data science firm. The cash and stock purchase is central to Square Roots’ strategy to develop evidence-based solutions that improve maternal health in the United States. As part of the transaction, Jaime Fitzgerald, Founder and Managing Partner at Fitzgerald Analytics, will assume the role of Chief Information Officer and Partner at Square Roots. He will lead development of the first comprehensive, multi-source, multi-media knowledge library containing the most useful, science-based information on maternal health.  Once built, the library will be the foundation for creating and implementing solutions that improve maternal health nationwide by making valuable information available to multiple stakeholders from mothers to cities and policy-makers. “The acquisition of Fitzgerald Analytics is integral to our mission,” said Morad Fareed, Founder and CEO, Square Roots. “Square Roots will harness Fitzgerald Analytics’ expertise around the use of big data–and data of all sizes and types–to drive better outcomes, and also minimize adverse health risks among mothers and infants. This acquisition is built on a long working history with Fitzgerald Analytics and our results have been self evident and phenomenal. Deepening our collaboration through this purchase is a great step forward.” Fitzgerald Analytics was founded in 2005 as Fitzgerald developed a distinctively quantitative, fact-based, and transparent approach to solving high stakes problems and improving results.  His approach enables translation of Data to Dollars™ using methodologies clients can repeat again and again.  Fitzgerald has been equally passionate about the “human side of the equation,” and is known for the ability to link the human and the quantitative, both of which are needed to achieve optimal results.  His clients range from Wall Street banks to innovative non-profits and social entrepreneurs, a reflection of Jaime Fitzgerald’s belief in the universal benefits of Data, Analytics, and Technology innovation. During more than 18 years serving clients as a management strategy consultant, Fitzgerald has focused on customer experience and loyalty, customer profitability, technology strategy, information management, and business process improvement.  Fitzgerald began his career at First Manhattan Consulting Group, specialists in financial services, and was later a Co-Founder at Novantas, the strategy consultancy based in New York City.  Fitzgerald was also a Manager for Braun Consulting, now part of Fair Isaac Corporation, and forJapan-based Abeam Consulting, now part of NEC.  Jaime is a graduate of Harvard University in Economics. “Data has no value until it is used well–at that point it can become priceless,” said Fitzgerald. “That is our specialty: finding more and better ways to turn information into results that matter.  By joining forces with Square Roots, we are applying our tools and methodologies to the challenges and opportunities of maternal health and infant development.  I can’t think of a more meaningful application of our capabilities than to serve and honor mothers, infants, and families.” (http://www.prnewswire.com)

WSP Global Inc. (Canada) acquired MMM Group Limited (Canada)
Deal Size: Undisclosed Industry: Engineering Consulting Date: October 2015
WSP Global Inc. (TSX:WSP) (“WSP” or the “Corporation”) is pleased to announce that it has completed its previously announced acquisition of MMM Group Limited (“MMM”), through a plan of arrangement. MMM, which has approximately 2,000 employees, is one of the largest privately-owned engineering consulting companies in Canada. “I am delighted about this acquisition and that our two firms are joining forces,” said David Ackert, President and Chief Executive Officer of WSP in Canada. “The coming together of these two like-minded firms will enable us to pursue our growth strategy and strengthen our foundation across Canada by increasing our ability to deliver superior value to our clients, shareholders and employees.” “We are pleased that our shareholders have expressed overwhelming support for this acquisition. On behalf of MMM’s Board and management, I would like to thank them for their invaluable support throughout this process,” said Hugo Blasutta, Chief Executive Officer of MMM. “As we join WSP, a firm with similar values to MMM and a complementary business model, we will have an opportunity to continue our journey of growth. We also look forward to providing additional value for our employees and clients through our enhanced expertise and expanded network”. (http://www.wspgroup.com)


Filed under: Consulting M&A Deals Tagged: consulting, deals, M&A, mergers and acquisitions, transactions

Consulting Sector M&A Deals for week beginning 19th October

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businessman doing handstand on the beachInfosys Consulting, Inc. (USA) acquired Noah Consulting, LLC (USA)
Deal Size: Undisclosed Industry: IT Consulting Date: October 2015
Infosys has acquired US-based Noah Consulting for a reported fee of $70 million. The deal will improve Infosys’ technology and analytics offering to its energy and utilities clients that continue to undergo often forced cost reduction and efficiency exercises as low oil prices cut into revenues and reserves. Noah Consulting was founded in 2008 and has its headquarters in Texas (Houston). The US consulting firm has a further office in Alberta, Canada, and employs 122 staff. The company is primarily focussed on delivering information management solutions, leveraging a number of best-practice data management, information quality, data integration, business intelligence, data warehousing and master data management solutions. Noah Consulting’s clients include a number of upstream oil and gas companies, ranging from oil field service companies, to independents, to super major players. Infosys, through the acquisition, will gain access to Noah Consulting’s information strategy planning, data governance and architecture capabilities, which will be synergised with its own technology and outsourcing services. The deal for Infosys is inspired by the need for oil companies to improve their operational efficiency as oil prices continue to be low. Noah’s analytic approach offers a further solution for Infosys’ energy and utilities clients, clients that provided the firm 4.7% of its revenues last year. “The upstream oil and gas industry is facing unprecedented challenges that demand faster and better ways of achieving return on investment. This requires a well-defined and executed information and data management strategy that will allow companies to increase efficiencies across the lifecycle – from exploration to production,” explains Rajesh Murthy, EVP and Global Head of Energy, Communications and Services of Infosys. “With this acquisition, we are uniquely positioned to offer end-to-end data management services to oil and gas companies globally.” (http://www.consultancy.uk)

Deloitte & Touche LLP (Canada) to acquire Asset Performance Group (Canada)
Deal Size: Undisclosed Industry: Engineering Consulting Date: October 2015
Deloitte announced today that it has entered into a definitive agreement to acquire the Asset Performance Group (APG), a leading asset reliability consultancy based in Burlington, Ont., and Calgary, Alta. This transaction brings new reliability engineering and maintenance capabilities to Deloitte’s Consulting practice, enabling the firm to deliver a full suite of asset reliability engineering, asset management and performance improvement services to capital-intensive industries across Canada, the U.S. and South America. “Acquisitions such as this demonstrate Deloitte’s commitment to providing integrated services that help our clients respond to the most significant challenges and opportunities facing their business”, said Jurgen Beier, Consulting, Energy & Resources Leader at Deloitte Canada. “By adding leading asset reliability engineering and performance management services to our Operations Excellence practice, Deloitte will be better equipped to meet the operational needs of our energy and resources clients.” “The team from APG will continue to build on the foundation we’ve established as a market leader in asset reliability,” said Sherry Revesz, Principal and Founder, Asset Performance Group. “By combining our expertise with Deloitte’s suite of Operational Excellence services, we will be able to offer clients a more comprehensive, end-to-end set of services.” (http://www2.deloitte.com

WSP Global Inc. (Canada) acquired MMM Group Limited (Canada)
Deal Size: Undisclosed Industry: Engineering Consulting Date: October 2015
WSP Global, Inc. (formerly GENIVAR, Inc.), a professional services company, has acquired MMM Group Limited (formerly Marshall Macklin Monaghan Limited), an engineering consulting company that specializes in transportation, infrastructure and environment and buildings, for approximately CAD425 million ($321.13 million). Both the companies are based in Canada. The consideration was paid primarily in cash and by the issuance of WSP shares to MMM employees for an aggregate amount of CAD22,133,211 ($14,917,300) at a price of CAD42.25 ($28.48) per share. The transaction was financed through a combination of (a) a public offering of common shares; (b) a private placement with the Canada Pension Plan Investment Board and the Caisse de depot et placement du Quebec, WSP’s two largest shareholders; and (c) funds drawn under the Corporation’s current credit facilities. (http://predictwallstreet.com)

SWK Technologies, Inc. (USA) acquired The Macabe Associates Inc. (USA)
Deal Size: Undisclosed Industry: IT Consulting Date: October 2015
Livingston-based SilverSun Technologies, Inc. announced that its wholly owned subsidiary, SWK Technologies, Inc. (the “company”), a national provider of transformational business technology solutions and services, has signed a non-binding letter of intent to acquire The Macabe Associates, Inc.,  a leading Seattle-based developer and reseller of Sage and Acumatica applications. Mark Meller, the Company’s Chief Executive Officer, stated, “The Macabe Associates has an impressive library of proprietary solutions and integrations, and a strong, established customer base. With our existing sales and marketing infrastructure, we believe we can substantially increase the revenue generated by these proprietary products.  We continue to execute on our business plan to increase value for our shareholders by increasing profitable sales and acquiring companies and technologies.” “This acquisition further enhances SWK’s position within the Sage and Acumatica ecosystems,” added Jeffrey D. Roth, Chief Executive Officer of SWK Technologies. “Our management talent, in-house expertise, and financial resources will enable us to rapidly accelerate sales from the Macabe customer base. Furthermore,  the addition of Mary Abdian and her team will provide us with additional development talent to create more proprietary applications and integrations.  We are very excited about this acquisition, and the opportunities it provides us for future growth.” (http://njbmagazine.com)

Energy Software Intelligence Analytics (UK) acquired Richmond Energy Partners Ltd. (UK)
Deal Size: Undisclosed Industry: Business Consulting Date: October 2015
ESIA, with backing from private equity company Energy Ventures, was formed to build a portfolio of businesses providing data, research, insight, and transaction services for the global energy exploration and production and support service sector. The first acquisition was Hannon Westwood, a northwest Europe offshore specialist based in Glasgow, Scotland, followed in July by Novas Consulting. Novas provides commercial and technical diligence, including asset-specific technical evaluations, to allow companies to take strategic decisions. It operates globally, with recent project experience in West Africa, Middle East, North Sea, North Africa, Latin America, and the Former Soviet Union. Richmond, formed in London in 2006, is known for its Wildcat Service, a web-based database and suite of analytical tools. The company provides intelligence on international conventional oil and gas exploration. (http://www.pennenergy.com)

Verus Advisory Inc. (USA) to acquire Strategic Investment Solutions, Inc. (USA)
Deal Size: Undisclosed Industry: Financial Consulting Date: October 2015
Consulting firms Verus Advisory Inc. and Strategic Investment SolutionsInc. are merging. The combined firm will have responsibility for more than $380 billion in assets under advisement, said Barry Dennis, SIS CEO and Jeffrey MacLean, Verus CEO, in separate interviews. The merger is expected to be completed Jan. 1. Strategic Investment Solutions will be renamed Verus, but SIS’ San Francisco office will remain open. Verus’ management team will manage the combined firm, and there will be no change in titles. Mr. MacLean will continue in his role as CEO. The firm’s management committee will also remain unchanged. Verus’ management team also includes Jeffrey Scott, chief investment officer; Shelly Heier, president and chief operating officer; Kraig McCoy, chief financial officer; Scott Whalen, executive vice president; and Omer Tareen, managing director. Verus added to its alternative investment capability when it contracted with Aksia LLC in April to gain access to its hedge fund investment team and due diligence reviews. The combined company will continue the relationship with Aksia. Mr. Dennis said the deal also makes sense because Verus brings additional research and risk management resources. It also facilitates succession planning, said Mr. Dennis, who will become a Verus managing director and a member of Verus’ board of directors. (http://www.pionline.com)


Filed under: Consulting M&A Deals Tagged: consulting, deals, M&A, mergers and acquisitions, transactions

Consulting Sector M&A Deals for week beginning 26th October

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businessman doing handstand on the beachWest Monroe Partners, LLC (USA) acquired Etherios, Inc. (USA)
Deal Size: $9 million Industry: IT Consulting Date: October 2015
West Monroe Partners, a full-service North American business and technology consultancy, today announced it has acquired Etherios, a consulting firm that specializes in delivering cloud-based customer relationship management (CRM) solutions built on the Salesforce.com platform. Etherios, a Platinum Salesforce Consulting Partner and two-time winner of the Salesforce Innovator of the Year Award, was a division of Digi International, a publicly traded global company. “Customer relationship management solutions provide the data backbone for delivering a great customer experience that can drive business growth and success,” said Douglas Armstrong, managing director of West Monroe Partners’ Chicago office. “Etherios brings outstanding technical talent and industry experience that complements our own growing CRM practice and substantially expands the expertise and resources we can offer our clients.” The acquisition of Etherios expands West Monroe Partners’ US network to 10 locations across the country with the addition of offices in San Francisco, California, and Dallas, Texas. (http://markets.wnd.com)   

TMG Consulting, Inc. (USA) acquired RIM Solutions (USA)
Deal Size: Undisclosed Industry: Management Consulting Date: October 2015
TMG Consulting, a utility industry firm whose consulting services and accelerator products help align utility business goals with available technologies to secure stronger customer relationships, announced today that it has acquired the research and strategy practice of RIM Solutions. The acquisition of RIM Solutions by TMG Consulting is acutely strategic; TMG is pushing the boundaries of the conventional role of utility consultants to deliver more of what utilities need to make the best possible decisions. This means that in addition to offering Advisory and Client-Side Delivery Support Services around the systems that support customer interactions like CIS, ERP, AMI, MDM and others, TMG will now provide the intelligence to address any opportunity or issue facing utilities and the solutions providers who serve utilities. TMG Consulting, Inc. offers information technology solutions. (http://www.prnewswire.com)

WYG PLC (UK) acquired North Associates (Cumbria) Limited (UK)
Deal Size: $7.6 million Industry: Real Estate Consulting Date: October 2015
WYG plc, the global programme, project management and technical consultancy, today announces the acquisition of the entire issued share capital of North Associates (Cumbria) Limited (‘North Associates’) together with its subsidiary Taylor & Hardy Limited, for a maximum total consideration of £5.0m. This acquisition further establishes the Group’s status as one of the largest property asset management and planning consultancy businesses in the UK. It also positions WYG to benefit from some of the anticipated £90bn of investment planned as part of the development of Britain’s ‘Energy Coast’ in West Cumbria, where WYG also expects to use some of the planning skills developed as part of its work elsewhere in the nuclear sector. Paul Hamer, Chief Executive Officer, WYG commented: “We are delighted to be joined by the Managing Director, Andy Ross and the teams from North Associates and Taylor & Hardy, who have built a strong reputation in the region and have recently won the 2015 Service Business of the year award at the Cumbrian News Group Business Awards. We have collaborated successfully with them in the past on several projects and are confident that their experience in residential, energy and infrastructure markets will significantly strengthen our property asset management team. The acquisition will expand our offering across Cumbria and the North, in particular along Britain’s Energy Coast.(http://www.londonstockexchange.com)


Filed under: Consulting M&A Deals Tagged: consulting, deals, M&A, mergers and acquisitions, transactions

Consulting Sector M&A Deals for week beginning 2nd November

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businessman doing handstand on the beachWYG PLC (UK) acquired North Associates (Cumbria) Limited (UK)
Deal Size: $7.6 million Industry: Real Estate Consulting Date: November 2015
WYG stated the acquisition will allow the company to expand its Asset Management and Planning offering across Cumbria and Northern England, including Scotland. North Associates is a specialist asset management consultancy operating from offices in Carlisle. Its clients include commercial developers, public sector bodies and regional landowners. Taylor & Hardy is a local planning consultancy purchased by North Associates in 2013. The move is anticipated to position WYG to benefit from the £90bn investment expected in the development of Britain’s ‘Energy Coast’ in West Cumbria. Paul Hamer, CEO of WYG, said: “We are delighted to be joined by the Managing Director, Andy Ross, and the teams from North Associates and Taylor & Hardy, who have built a strong reputation in the region and have recently won the 2015 Service Business of the year award at the Cumbrian News Group Business Awards. We have collaborated successfully with them in the past on several projects and are confident that their experience in residential, energy and infrastructure markets will significantly strengthen our property asset management team. The acquisition will expand our offering across Cumbria and the North, in particular along Britain’s Energy Coast.” (http://www.construction.co.uk

Accenture plc (Ireland) acquired Schlumberger Business Consulting (USA)
Deal Size: Undisclosed Industry: Management Consulting Date: November 2015
Accenture (NYSE: ACN) has completed its acquisition of SBC (Schlumberger Business Consulting), the management consulting unit of Schlumberger. The acquisition was first announced on August 17, 2015. SBC (Schlumberger Business Consulting) employees and knowledge assets now form part of Accenture Strategy, strengthening its ability to help the world’s major energy exploration and production companies achieve greater competitiveness and growth. In particular, Accenture Strategy is now better positioned to support upstream oil and gas companies to enhance operational agility, accelerate their digital transformation and improve their portfolio optimization. “The upstream energy sector faces a range of challenges and opportunities, from delivering complex capital projects to exploiting technological advances,” said Arthur Hanna, energy industry lead, Accenture Strategy. “Our capabilities in business, digital and technology strategy complement the upstream business, organizational change and operations expertise that now have become part of Accenture Strategy. As a result of the acquisition, Accenture Strategy is better placed to support clients in the field, across the enterprise and as they pursue market opportunities and upstream partners.” SBC (Schlumberger Business Consulting) has established leadership in the upstream oil and gas industry, providing consulting services in strategy, operations, people and transformation, capital projects, and mergers and acquisitions. (https://newsroom.accenture.com)

HCL Technologies Limited (India) acquired Adaptive Solutions, Inc. (USA)
Deal Size: Undisclosed Industry: IT Consulting Date: November 2015
HCL Technologies Limited, an Indian provider of software development, business process outsourcing (BPO) and Information Technology (IT) infrastructure services, has acquired Adaptive Solutions, Inc.(PowerObjects), a consulting firm specialized in financial performance management, business intelligence and data warehousing based in the US, for a cash consideration of approximately USD46 million including contingent payments subject to certain financial milestones. Dean Jonesis the CEO of PowerObjects. As part of the acquisition, the existing leadership team of PowerObjects will remain in place, and no workforce changes are planned. PowerObjects’ 250 employees will be transferred to HCL. PowerObjects has generated twelve-month revenues of approximately USD37 million as of September 30, 2015. (http://www.4-traders.com)

Preferred Systems Solutions, Inc. (USA) acquired GSM Consulting, Inc. (USA)
Deal Size: Undisclosed Industry: IT Consulting Date: November 2015
Preferred Systems Solutions announced its acquisition of GSM Consulting, an Intelligence Community-focused software engineering, consulting and cybersecurity services firm. The acquisition of GSM strengthens PSS’s position as a leading edge provider of high-end software, cyber, and mobile solutions to the Intelligence Community. “I am proud of our long term partnership with the people dedicated to safeguarding our national security in their critical mission to defend our country and preserve our democracy at home and abroad. The acquisition of GSM, with a successful track record of outstanding customer support within the Intelligence Community, expands our commitment to those men and women,” said Scott Goss, CEO of PSS. Donald McKinley, President and CEO of GSM Consulting, will transition to Vice President of the National Security Group (NSG) Division of PSS. Mr. McKinley brings more than 20 years of systems engineering, operations oversight, and business development expertise to PSS. “We are excited to join forces with such a respected and seasoned team,” he said. “The strategy of the PSS National Security Group is to build a company to solve the challenging problems faced by the Intelligence Community,” said Fred Funk, Senior Vice President, NSG. “GSM fits perfectly into that strategy given its technical expertise in software engineering, data analytics, and mobile development.” (http://www.businesswire.com)

Scalar Decisions Inc. (Canada) agreed to acquire Eosensa Inc. (Canada)
Deal Size: Undisclosed Industry: IT Consulting Date: November 2015
IT solutions integrator Scalar Decisions has reached an agreement to purchase Eosensa, a technology risk management consulting firm. The Toronto-based Scalar says the acquisition “is highly complementary” and, as its third acquisition in less than two years, solidifies Scalar’s position as one of Canada’s larger IT solutions companies. The transaction extends Eosensa’s Risk Advisory offering to 800 Scalar clients in eight offices across Canada, while providing Eosensa’s clients with access to Scalar’s technology architecture, integration, and managed services resources, across the security, infrastructure, and cloud practices. “With the expertise in technology risk management, Scalar will now offer its clients end-to-end technology solutions, from risk and gap assessments to technology recommendations, implementation, integration and ongoing managed services,” said Paul Kerr, president and CEO of Scalar Decisions. “Beyond business synchronicity, the companies share a focus on client service, organizational and cultural values, which are critical for a seamless integration.” Eosensa’s team of 22 full time employees will be integrated immediately and form a new Risk Advisory Practice at Scalar. The group is currently recruiting additional resources in Toronto and other major centres across Canada. “We look forward to bringing Scalar’s technology solutions and coast to coast network to our client base,” said Julius Azarcon, practice leader and co-founder, Eosensa. “We are confident this will be a mutually beneficial and seamless transition for both teams.” (http://www.techvibes.com)


Filed under: Consulting M&A Deals Tagged: consulting, deals, M&A, mergers and acquisitions, transactions

Consulting Sector M&A Deals for week beginning 9th November

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businessman doing handstand on the beachVisuell Planering & Praktisk PPM (Sweden) to acquire IT Consulting Business in Sweden from Dovre Group AB
Deal Size: Undisclosed Industry: IT Consulting Date: November 2015
Dovre Group’s fully-owned Swedish subsidiary Dovre Group AB has signed today, November 5, 2015, an agreement to sell its IT consulting business in Sweden to Visuell Planering och Praktisk PPM AB, a Swedish privately owned company. Three Dovre Group AB’s employees and all customer contracts will be transferred to the buyer effective immediately. ‘The transaction is good news for our staff and clients in Sweden,’ comments Patrick von Essen, CEO of Dovre Group. ‘The new combined team is stronger, and will be able to support clients better than before.’ The parties have agreed not to disclose the value of the transaction. As a consequence of the transaction, part of the goodwill of Dovre Group’s consulting segment will be allocated against the purchase price and the Group will record a non-recurring, primarily non-cash item totaling approx. EUR -0.4 million in the fourth quarter. The item recorded does not affect Dovre Group’s guidance for 2015, published on October 1, 2015. (http://www.4-traders.com)

Deloitte (Australia) acquired Cloud Solutions Group (Australia)
Deal Size: Undisclosed Industry: IT Consulting Date: November 2015
Deloitte Australia has purchased systems integrator and Cloud consulting firm, Cloud Solutions Group (CSG). Cloud Solutions Group CEO, Josh Rubens, will become a Deloitte partner with other directors and staff joining Deloitte in Melbourne. “Deloitte’s brand, scale and breadth of services provide access to a broader set of offerings and value for our clients, as well as opportunities for career advancement for our staff and increased potential to grow their careers,” Rubens said. Deloitte technology consulting partner, Kevin Russo, said it was an important transaction that will build its technology practice. “The transaction with CSG confirms the rapid growth of Cloud technologies and how effective CSG has been at disrupting the market,” Russo said. “It enables us to build on our current model for Cloud and infrastructure advisory services, to include implementation and managed Cloud-based solutions. “This is an innovative step for our technology practice. We can now offer our clients business driven technology solutions, hosted on next generation hybrid cloud services. It also supports our application modernisation offering, allowing us to assist clients at all levels of the technology stack.” CSG maintains partnerships with companies such as Amazon, NEXTDC and Nimble Storage, VMware, EMC, Citrix, IBM and HP. Deloitte Australia CEO, Cindy Hook, said it will continue to make strategic investments. It has been building its technology consulting portfolio through acquisitions of companies such as Dataweave and Qubit. “Integrating technology-based solutions with the quality, custom-designed experiences clients now want, is fundamental to future business success,” Hook said. “We will continue to make considered, strategic investments that are adjacent to our capabilities and better enable our private and public sector clients to respond to the rapid changes affecting their markets and customers.” (http://www.arnnet.com)

Mercer, Inc. (USA) agreed to acquire Gama Consultores Associados (Brazil)
Deal Size: Undisclosed Industry: Financial Advisory Date: November 2015
Mercer announced Monday it is acquiring Brazilian actuarial consulting and auditing firm GAMA Consultores Associados. Terms of the deal, which is expected to close before the end of the year, were not disclosed. Mercer said in a news release the purchase will expand Mercer’s footprint in Brazil beyond its existing offices in Sao Paulo and Rio de Janeiro. “Growth in the Brazilian market is part of our aim to bring innovative and market-leading solutions to clients everywhere they operate,” said David Anderson, Mercer’s president, growth markets region, in the news release. “The combination of GAMA and Mercer will provide a business partner for growth to multinational clients operating in Brazil as well as local and regional clients seeking to expand outside of Latin America.” GAMA provides actuarial consulting and auditing services for pension and health plans in Brazil; the firm also develops and designs pension plans. (http://www.businessinsurance.com)

PadillaCRT (USA) acquired Joe Smith, LLC (USA)
Deal Size: Undisclosed Industry: Marketing Consulting Date: November 2015
PadillaCRT, one of the top 15 independent public relations and communications agencies in the country, announced today it has acquired Joe Smith, a boutique brand strategy firm in Richmond, Va. Joe Smith brings a seasoned team of brand professionals to expand and enhance PadillaCRT’s existing expertise in brand strategy and execution. Joe Smith co-founders Barry Saunders and Christian Markow will join PadillaCRT’s executive leadership team. The seven-member firm will be the brand consultancy of PadillaCRT, operating under the Joe Smith name and taking advantage of PadillaCRT’s full suite of creative and digital capabilities. “We’re thrilled to bring the talents of Barry, Christian and the Joe Smith team to PadillaCRT,” said Lynn Casey, PadillaCRT CEO. “This acquisition aligns with our growth strategy and with our commitment to helping clients achieve their purpose and make strong connections with the people who are important to their success.” PadillaCRT’s Kelly O’Keefe, who also chairs the creative brand management track of the nationally acclaimed Virginia Commonwealth University’s Brandcenter graduate program, will continue to work closely with Joe Smith. Prior to forming Joe Smith, Saunders and Markow led the Richmond office of Prophet, a global brand and marketing consultancy. They founded Joe Smith in 2013 to build purpose-led brands that deliver meaningful experiences and noteworthy business results. Over the course of two years, Joe Smith has delivered brand development, experience and engagement programs for GE, Chick-fil-A, BH Media Group’s Richmond Times-Dispatch, The College of William & Mary, and Keystone Insurers Group, among many others. Saunders said that Joe Smith considered PadillaCRT a kindred spirit in both culture and aspirations. “As part of our growth plan, Christian and I imagined partnering with a very human and highly acclaimed organization like PadillaCRT,” he said. “This acquisition expands opportunities for both of us to do work that matters. Joining forces with PadillaCRT was timely as growth was accelerating rapidly at Joe Smith,” Markow said. “Both firms are dedicated to helping clients develop meaningful brands, so it felt like a natural next step. We share an unwavering focus on defining a brand’s purpose and on crafting the story and experiences that bring it to life for our clients and their customers.” (http://agrimarketing.com/s/99817)

Perkins+Will, Inc. (USA) acquired Portland Design Associates (UK)
Deal Size: Undisclosed Industry: Engineering Consulting Date: November 2015
Architecture and design firm Perkins+Will has acquired the branding, retail strategy, and design consultancy Portland Design Associates, which is based in London. Boasting a portfolio comprising British Land, Heathrow Airport, St. Pancras International, Diageo, HMS Host, CNN, and TDIC, Portland will become the latest creative services business to join the Perkins+Will group of companies, which also includes London-based Pringle Brandon Perkins+Will. While Portland will maintain its own brand and operate as an independent entity, the two enterprises will work closely together to deliver “future-proofing” insights to clients seeking compelling brand engagement strategies for their customers. Perkins+Will President and CEO Phil Harrison said: “The customer experience is an integral component of every project we undertake around the world. Whether it’s a hospital or an airport, a university campus or a hotel, it’s essential that the places we design really engage the people who visit them, work in them, and live in them, “Our clients will benefit from Portland’s consumer insights, creativity, and strategic thinking, and Portland’s clients will benefit from Perkins+Will’s global reach and broad architectural, design, and planning expertise.” While Perkins+Will has already engaged Portland as a strategy consultant on various projects in the past, the permanent union of the two companies will strengthen and expand both of their service offerings. It will also allow Portland to work closely with Perkins+Will’s Branded Environments practice to service a greater number of clients globally. Portland Managing Director Ibrahim Ibrahim, said: “We consider our work a kind of anthropology, in a way—a study of human interaction with brands and places and how we translate that into compelling, user-centric customer experiences, “Our experience shows us that customers are increasingly responding to personalization and hybrid spaces where traditional categories have been broken down and lines have been blurred—so, for example, a grocery store that is also a restaurant and a cooking school, or a fashion store that puts on yoga classes and knows a customer’s personal preferences. “The fact is, retail is ubiquitous and has an impact on all sorts of spaces, from museums to hotels to hospitals to schools. We are thrilled to be able to bring this knowledge and expertise to Perkins+Will clients worldwide.” Founded in 1987, Portland and its 40 employees have been under Ibrahim’s leadership since 2007. Ibrahim will continue to serve as Managing Director. (https://bdaily.co.uk)

NMG Consulting Limited (Singapore) acquired Flaspohler Research Group, Inc. (USA)
Deal Size: Undisclosed Industry: Business Consulting Date: November 2015
Specialist financial services consultancy NMG Consulting has acquired US-based Flaspohler Research Group (FRG) to deepen its range of North American insights and analytics offerings. FRG serves clients across a broad spectrum of industry segments including life reinsurance, non-life reinsurance, corporate and commercial lines insurance, and managed health care. With this acquisition, NMG will be able to provide its clients a wider complement of products and a deeper presence in North America. Mark Prichard, CEO of NMG Consulting (Global) said: “This acquisition is a major step for NMG, and aligns perfectly with our desire to move into the non-life segments and expand our presence in the US. FRG has a 30-year history of serving US clients across diverse sectors and in particular through commercial lines and non-life reinsurance studies. We are excited to welcome Rick Flaspohler into NMG Consulting and collaborate with him to develop a strong suite of products for the US market and globally. Rick has deep experience and relationships in the US and Europe. We look forward to integrating FRG into NMG and making its capabilities an integral part of our programs.” Rick Flaspohler, Founder of Flaspohler said: “I look forward to working with NMG and its global pool of resources and talent. Together, FRG and NMG will offer clients unique and valuable propositions and over time, FRG’s clients will gain enormous benefits through the addition of new capabilities and expertise.” (http://markets.financialcontent.com)

ArchiMed (France) acquired a majority controlling stake in Deallus Consulting (UK)
Deal Size: Undisclosed Industry: Healthcare Consulting Date: November 2015
ArchiMed, Europe’s fist independent private equity healthcare specialist, acquires majority control of Deallus Consulting today. Deallus is a global life sciences industry consultant working with 25 of the world’s top 30 pharmaceutical, biotechnology and vaccine companies, and a wide range of small and medium-size firms. Employing extensive proprietary data and competitive intelligence, Deallus provides a full range of consulting services, advising on everything from product introduction to processes for sustaining corporate innovation. Since Deallus’ founding in 2004, annual revenue growth has averaged some 20 percent. Turnover in the company’s most recent fiscal year was £15 million. Deallus’ 80 consultants work from headquarters in London, and offices in New York, Los Angeles, Princeton, Tokyo and Singapore. “Deallus does exactly what a specialist consultant should do, it inspires clients to develop best-in-class strategies through exceptionally deep market understanding and insight,” says Robin Filmer-Wilson, a managing partner of ArchiMed. “We intend to accelerate the growth of Deallus by providing access to new accounts, aiding recruitment and helping to set up additional offices globally.” ArchiMed is also reviewing a number of possible bolt-on acquisitions for Deallus. No debt was used in the Deallus transaction, which was the result of a proprietary process. Senior managers of Deallus have reinvested all proceeds from the deal into the group, demonstrating their faith in ArchiMed’s plans and their economic alignment with ArchiMed. “We are excited to work in partnership with ArchiMed and leverage their networks in both the consulting and healthcare industries to take Deallus into the next phase of its growth,” says Claudio D’Ambrosio, the consultancy’s chief executive. (https://www.pehub.com)

A group led by Bernhard Capital Partners Management LP (USA) acquired ATC Group Services, Inc. (USA)
Deal Size: Undisclosed Industry: Environmental Consulting Date: November 2015
A group led by Bernhard Capital Partners has acquired ATC Associates Inc., a Lafayette-based environmental consulting, industrial hygiene and engineering firm, from Cardno Limited, the Australia-based global contractor that has owned it since 2012. ATC Associates was founded in 1982 and provides environmental consulting, industrial hygiene, geotechnical engineering, government services and construction materials testing and inspections. It has 1,350 employees in more than 70 locations throughout the U.S. and revenues of around $180 million a year, according to CEO Bobby Toups., who is based in the company’s Lafayette corporate headquarters. Under its new ownership, ATC Associates Inc. will maintain all 70 offices. Toups and the remainder of the company’s existing management team will remain in place with the company. No staff changes are expected. Terms of the deal were not disclosed, but Cardno paid $106 million when it acquired the company three years ago. Toups says while Cardno was a “a good group to work with,” the new ownership is a much better fit for ATC Associates. “Jim Bernhard is an excellent businessman,” says Toups. “We’re really excited. To be privately held again, especially with a group of guys like the Bernhard guys, is great for us and will help us grow substantially.” The ATC acquisition comes just a week after another significant acquisition by one of the portfolio companies under the expanding BCP umbrella. On Nov. 6, Bernhard LLC acquired The MCC Group, a 57-year-old Metairie-based mechanical and industrial construction company with a network of clients and fabrication facilities throughout the southeast. Bernhard LLC also owns Bernhard Mechanical, TME Engineering, and EP Breaux Electrical, making it one of the largest design-build mechanical, electrical and plumbing firms in North America. With the addition of ATC Associates, BCP now has four separate portfolio companies: Bernhard LLC, Epic Piping, Brown and Root, and ATC Associates. All are run independently with independent management teams, many members of which worked under Jim Bernhard for years at The Shaw Group, which he founded and grew into an industrial services, engineering, utilities and environmental consulting powerhouse. (https://www.businessreport.com)


Filed under: Consulting M&A Deals Tagged: consulting, deals, M&A, mergers and acquisitions, transactions

Consulting Sector M&A Deals for week beginning 16th November

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businessman doing handstand on the beachMarksNelson LLC (USA) acquired Marsh & Company (USA)
Deal Size: Undisclosed Industry: Real Estate Consulting Date: November 2015
Kansas City-based accounting firm MarksNelson LLC has acquired Marsh & Co. in Overland Park for an undisclosed amount. The acquisition adds real estate-related experience to MarksNelson. Marsh & Co. offers help with historic rehabilitation tax credits, low-income housing tax credits, real estate development consulting, cost-certification audits and similar services. “The services they provide, several of those we do not provide for our real estate clients,” Mark Radetic, managing partner of MarksNelson, said in an interview Monday. “We saw this as an opportunity not only for growth in our real estate practice and an expansion of our menu of services we can offer to those clients, but at the same time, to add some great talent. The people Marsh & Co. have are some of the best and brightest.” (http://www.bizjournals.com/)

Katz Sapper & Miller LLP (USA) merged with Krouse, Kern & Co., INC (USA)
Deal Size: Undisclosed Industry: Financial Advisory Date: November 2015
Long-time Fort Wayne-based Krouse, Kern & Co., Inc. and Katz, Sapper & Miller (KSM), one of the nation’s top public accounting and consulting firms, with offices in Indianapolis, Fort Wayne and New York, today announced their merger, to be effective Dec. 1, 2015. Together, the firms boast more than a century of providing tax, accounting and business consulting expertise to a wide range of clients in a variety of industries. “Providing quality professional services for our entrepreneurial clients has always been the hallmark of our reputation in northeast Indiana,” said Krouse, Kern & Co. President Richard Krouse. “With this merger, our clients will have access to expanded resources and expertise provided by the KSM network of professionals.” The merged firm will be called Katz, Sapper & Miller and will be located at the current Krouse, Kern & Co. offices at 6509 Mutual Drive. “This is an ideal partnership,” added KSM Managing Partner David Resnick. “Like us, Krouse, Kern & Co. has provided unmatched service to middle-market, family-owned businesses with integrity and excellence. Their 65 years of service in the Fort Wayne market will complement the depth and breadth of resources that KSM offers.” (http://www.prnewswire.com

Protiviti Inc. (USA) acquired assets of Decision First Technologies Inc (USA)
Deal Size: Undisclosed Industry: IT Consulting Date: November 2015
Protiviti Inc., Robert Half International Inc.’s consulting division, acquired the assets of Decision First Technologies, a privately held company specializing in business intelligence and SAP solutions. DFT joined Protiviti’s data management and advanced analytics solution group, enhancing its ability to deliver business analytics-based consulting services. Terms of the transaction were not disclosed. Taylor Courtnay and Scott Golden, DFT’s co-founders, and Steve Freeman, VP of field operations, joined Protiviti as managing directors. “The addition of DFT’s talent and business creates a synergy of services that will deliver a deeper level of expertise and increase Protiviti’s ability to equip its clients with the information and processes needed to effectively manage their business and risks globally,” said James Pajakowski, executive VP, global services, at Protiviti. “We focus on multiple ERP products for our clients, and this acquisition is a significant addition to our SAP practice.” (http://www.staffingindustry.com)

Aurecon Group Brand (Pte) Ltd. (Singapore) acquired AUP Consultants Pte Ltd. (Singapore)
Deal Size: Undisclosed Industry: Engineering Consulting Date: November 2015
AUP’s team will join Aurecon on 1 January 2016 and Aurecon will acquire the assets of the AUP business. Aurecon’s managing director for Asia Anthony Barry said: “This merger is part of Aurecon’s ongoing strategy to grow our business in Asia. A strong business in Singapore with local leaders and experts is a vital element of that strategy. With increased capacity in Singapore, we can add significant value from our Singapore offices to our clients’ projects that are being developed all over the region. As an investment and technology hub, Singapore is a great place to be in business.” He added: “Technically difficult projects like super-tall buildings, data centres, sophisticated manufacturing and large healthcare facilities, play to Aurecon’s sweet spot. In AUP, we have found a like-minded partner who is as passionate about innovation as we are. We are excited by the market access the AUP team brings to our business, so we can further leverage our global skills and expertise into this market.” (http://www.theconstructionindex.co.uk)

Rejlers AB (Sweden) to acquire Orbion Consulting AB (Sweden)
Deal Size: Undisclosed Industry: Engineering Consulting Date: November 2015
Swedish consultancy Rejlers has entered into an agreement to acquire 100% of the shares in Orbion Consulting AB Sweden from Relacom Management AB, the company said. Rejlers said that the acquisition establishes it as one of Sweden’s largest technology consultancies within the telecommunications sector. Of Rejlers’ approximately 1,200 technology consultants in Sweden, 270 of these are telecommunications consultants. The acquisition gives Rejlers close to 2,100 employees. Orbion Consulting has 150 employees in Sweden and it is estimated it will generate an annual turnover of MSEK 30 during the remainder of 2015 and turnover of SEK 200m over a 12-month period. The merger is in line with Rejlers’ strategy to grow within infrastructure and makes it possible to offer an ever broader range of specialised services and turnkey project responsibility within its telecommunications business. Orbion Consulting is a technology consultancy that offers technological and legal consultancy services within network infrastructure and communications. The company is involved in developing, planning, commissioning and running projects within network infrastructure and communications. Rejlers is one of the largest engineering consultancy firms in the Nordic region. Its 2,000 employees work with projects within the areas of building and property, energy, industry and infrastructure. (http://www.bloomberg.com)

Morae Legal LLC (USA) acquired CCIM Consulting (USA)
Deal Size: Undisclosed Industry: Management Consulting Date: November 2015
Morae Legal LLC, a full-service provider to law departments and companies, today announces that it has acquired the business and assets of CCIM Consulting, an advisory group established to provide a practical approach to managing electronic records and information. As part of the deal, CCIM partners Susan Chapdelaine and Jim Coulson have been named Managing Directors of Morae Legal. Morae Legal delivers a holistic approach to address the needs of corporate counsel, with integrated solutions to help law departments improve their performance and impact on the corporation. “Companies require practical information management and compliance strategies that encompass the entire information life cycle,” says Shahzad Bashir, Morae Legal’s President & Chief Executive Officer. “With Susan Chapdelaine and Jim Coulson on board as Managing Directors, we continue to move away from the traditional expensive and reactive solutions in the market.” Morae Legal is all about innovations and shifting the paradigm. The company now offers a fully integrated information management and discovery solution, including comprehensive services for information management strategy and framework development, scalable implementation processes to drive compliance throughout the organization and support for ongoing program staffing. Morae Legal’s clients can choose its full-service offering providing cradle-to-grave management of information, or they can select component point solutions to meet their specific needs. (http://markets.financialcontent.com)

AUSY North America Inc. (USA) to acquire Celerity IT, LLC (USA)
Deal Size: Undisclosed Industry: IT Consulting Date: November 2015
McLean-based consulting firm Celerity has agreed to be acquired by Ausy North America, a subsidiary of Ausy SA, for an undisclosed sum. France-based Ausy specializes in IT consulting and engineering, with $341 million in annual revenue, 4,000 employees and 35 locations in 10 countries. It is acquiring Celerity to further its North American growth, and is its first U.S. acquisition. Celerity’s consulting work includes offshore development, open-source technology, digital transformation and project management services. The company says its leadership team and all employees will remain after the acquisition. Celerity had $84 million in revenue last year, and 500 employees in nine offices. (http://www.bizjournals.com)

AMERI Holdings, Inc. (USA) acquired Bellsoft, Inc. (USA)
Deal Size: Undisclosed Industry: IT Consulting Date: November 2015
AMERI Holdings Inc., a technology management solutions firm, announced Friday that it has acquired Georgia-based Bellsoft Inc., a technology consulting company, for approximately $5 million. According to Princeton-based AMERI, the acquisition will expand its service lines and presence in the Southeast market. It will also provide additional services in digital and EPR solutions to its clients. “This is a landmark day for Ameri100’s customers, partners, and employees across the globe,” Giri Devanur, CEO of Ameri100, said in a prepared statement. “Bellsoft is a well-established firm with 20 years of strategic consulting services to Fortune 100 clients. Bellsoft and Ameri100 as a combined entity will experience accelerated growth due to a competitive cost structure and superior client offerings.  We are excited to deliver world-class solutions to our clients across the United States and globally,” Paul Nathan, executive vice president of Bellsoft, said in a prepared statement. (http://www.njbiz.com)


Filed under: Consulting M&A Deals Tagged: consulting, deals, M&A, mergers and acquisitions, transactions
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