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Consulting M&A Deals February 2012

by Tony Rice 18. February 2012 15:09

SLR Consulting (UK) has acquired A Speiser Environmental Consultants (Namibia)

Deal Size Range Unknown

Consulting Sector, Environmental

The international market leader in environmental consulting, (based in the UK), SLR Consulting, has reinforced its recent expansion in Southern Africa with the acquisition of Namibian Environmental Impact Assessment specialists, A Speiser Environmental Consultants (ASEC). The acquisition marks SLR’s sixth acquisition in less than two years and the company’s fourth in Southern Africa, following the additions of BIWAC, Metago and GreenEng in 2011. Based in Namibia’s capital, Windhoek, ASEC’s has become recognized for its holistic approach to Environmental Impact Assessments that include consideration of the social, institutional and economic factors, as well as ecological ones. This approach will broaden SLR’s vision. The deal is a strategic one on behalf of SLR, designed to capitalize on the monumental opportunity for growth that exists in supplying the African mining and resources sectors with environmental services. Currently operating with approximately 900 employees across 63 offices in Europe, North America, Australasia and Africa, SLR’s figures look certain to grow as a result of the acquisition. Financial terms of the transaction were not disclosed.

 

GVA (U.K) has acquired RGA Consulting (U.K)

Deal Size Range Unknown

Consulting Sector, Leisure / Property

GVA, the independent commercial property specialist, based in Newcastle-Upon-Tyne, has recently announced the acquisition of RGA Consulting, a leading UK hotel and leisure property specialist based in Edinburgh and London. The deal is indicative of GVA’s plans for strategic expansion, as they seek to further bolster and enhance its existing services. The addition of RGA Consulting follows the acquisition of Humberts Leisure, transacted in May 2011. RGA Consulting will provide GVA with a useful opportunity for extended geographic reach into the Scottish leisure market. Following the deal, the new leisure unit will be renamed GVA RGA. Financial terms of the transaction were not disclosed.

 

Altiad (France) has acquired Be You Consulting (France)

Deal Size Range $2.7 Million

Consulting Sector, Financial Advisory 

It has recently been announced that he French investment consultancy Altiad has acquired the remaining 55% stake in Be You Consulting, an IT engineering company that specializes in market finance. The deal follows a transaction that occurred in 2010, when Altiad acquired a 45% stake from the founder of Be You Consulting, Jean-Philippe Biou. The deal is estimated to be in the region of $2.7 million and was backed by the venture capital firm IDF Capital, which invested $0.7 million. As a result of the deal, Be You Consulting will be rebranded Altiad SAS. The acquired company posted annual revenues of $2.2 million in 2010.

 

Nutraceutical Research Innovations LLC (U.S) has acquired Omni Point (U.S)

Deal Size Range Unknown

Consulting Sector, Marketing / Digital

The Nashville-based Nutraceutical Research Innovations LLC, a growing company working in the nutraceutical sector, has recently announced its acquisition of Omni Point, an online services and media consulting company. The addition of Omni Point strengthens Nutraceutical Research Innovation’s online marketing capabilities. Omni Point has been successful as a platform of assistance for its clients, helping them manage the development of their online strategy and marketing efforts, including focusing on ROI objectives. The collaboration of the two firms will enhance both companies by providing strategic online services and capabilities, web, social, and media consulting, to help increase revenue for new and existing customers. Financial terms of the transaction were not disclosed.

 

Armanino McKenna (U.S) has acquired Gateway Solutions (U.S)

Deal Size Range Unknown

Consulting Sector, Consulting / Customer

It has recently been announced that Californian accounting firm Armanino McKenna has acquired Gateway Solutions, based in Portland, Oregon. As a result of the deal, Gateway’s six consultants will be transferred to Armanino’s customer-relationship-management consulting practice, which currently operates with 16 employees focused on CRM consulting. Financial terms of the transaction were not disclosed. Also as part of the deal, Gateway’s headquarters in Portland will become an office of Armanino McKenna, adding to the firm’s geographic expansion in the Pacific Northwest region of the U.S. Armanino McKenna also has offices in San Francisco and San Jose. Gateway has built a strong reputation as a specialist in Microsoft Dynamics CRM products, working with clients in technology, financial services, wholesale distribution and professional sectors. The addition of Gateway to Armanino McKenna will result in a stronger company will a deeper pool of resources.

 

Hyder Consulting (U.K) has acquired a stake in SAK Engineering Consultants (U.K)

Deal Size Range Unknown

Consulting Sector, Engineering

The multi-national advisory and design consultancy Hyder Consulting, has recently announced the acquisition of a 70% stake in the Jeddah-based consulting engineering firm SAK Engineering Consultants, which currently operates with 40 members of staff. Its new partner, Sheikh Solaiman El Khereiji, will retain a 30% stake in the company and operations will be conducted through a newly registered company, Hyder & Solaiman Elkhereiji Engineering Consulting Company. The acquisition is strategically designed to provide Hyder with an increased footprint in Saudi Arabia, enabling it to respond to the anticipated increase in infrastructure spend in the country. Hyder have built a strong international pedigree; having built on this diversity, 72% of their revenue now comes from outside the UK. The addition of SAK Engineering Consultants continues this trend of geographical expansion. Hyder currently employs around 4000 people worldwide, who all offer their own unique local knowledge to creating solutions for the property, utilities and environmental sectors.

 

League Now Holdings (U.S) has acquired Infiniti Systems Group (U.S)

Deal Size Range $3 Million

Consulting Sector, IT Services / Consulting

It has recently been announced that the Texas-based League Now Holdings have completed its acquisition of Infiniti Systems Group Inc., an Ohio company specializing in IT security products and services. The acquired company currently operates with approximate revenues of $3.6 million per annum, and has significant growth and acquisition plans for 2012 and beyond. League Now Holdings Corp has built a national reputation as a developer, manufacturer and marketer of medical technology products. The addition of Infiniti Systems will provide League Now Holdings with a useful platform from which to generate growth and expand their business capabilities. The deal is estimated to be in the region of $3 million.

 

Petrofac Limited (UK) as acquired KW Limited (UK)

Deal Size Range $4.8 Million

Consulting Sector, Engineering / Oil and Gas Pipeline

In a deal estimated to be in the region of $4.8 million, the international service provider to the oil and gas production industries, Petrofac Limited, has recently acquired the entire share capital of KW Limited, a provider of subsea pipeline consulting and engineering services. Both companies are based in the UK. KW recorded gross revenues of $4.3 million for the year ending March 31 2011. As a result of the transaction, KW and its 56 employees will be merged into Petrofac’s engineering and consulting services business. Petrofac currently employs over 15,000 people worldwide. Tulchan Communications Group Ltd. acted as PR advisor to Petrofac. The addition of the KW portfolio to the Petrofac enterprise will provide Petrofac with a complementary line of services with regards to its existing engineering services skills. It will also add a valuable subsea capability, which will enable Petrofac to develop its engineering proposition offshore.

 

Rackspace Hosting (U.S) has acquired SharePoint Consulting (U.S)

Deal Size Range Unknown

Consulting Sector, IT Services / Microsoft SharePoint

The Texas-headquartered Rackspace Hosting, the service leader in cloud computing, has recently announced its acquisition of SharePoint911, an industry leader in SharePoint consulting, training and ‘jumpstart’ services within SharePoint. The merging of the two companies will provide an extension of capabilities for both, helping them to deliver expert SharePoint hosting solutions. Founded in 2004, SharePoint 2004, SharePoint911 is widely recognized within the industry for their technical excellence and thought leadership. Their team includes six Microsoft MVPs (Most valuable professional) and also offers nine SharePoint training courses. The addition of SharePoint911 is a strategic move on behalf of Rackspace, designed to help further accelerate he adoption of SharePoint, one of the fastest growing applications in the business productivity segment. Financial terms of the transaction were not disclosed.

 

Assured Recruitment (UK) has acquired Right Click Recruitment (UK)

Deal Size Range $15.9 Million

Consulting Sector, HR / Recruitment 

It has recently been announced that the U.K national executive recruitment specialist Assured Recruitment has acquired Harrogate-based recruitment consultancy, Right Click Recruitment. The deal is estimated to be in the region of $15.9 million. The acquisition is a strategic one on behalf of Assured Recruitment, designed to strengthen its market position and facilitate growth. Right Click currently operates with 67 employees and specializes in recruitment for senior positions in B2B and B2C sales, customer service management, and accountancy and finance across the UK. As part of the agreement, Simon Selkirk, founder and managing director of Right Click, will join Assured’s sales division, bringing with him over 15 years’ experience in sales recruitment.

 

Tox Free Solutions (Australia) has acquired major assets of Dolomatrix International Limited (Australia)

Deal Size Range $57.9 Million

Consulting Sector, Environmental / Waste Management

It has recently been announced that Tox Free Solutions Limited, one of the largest integrated waste management, industrial service and environmental businesses in Australia, has completed the acquisition of the major assets of Dolomatrix International Limited. In addition to offering a full range of waste management services through its national network of licensed waste treatment facilities, Tox Free are fast becoming the leaders in onsite industrial services, waste minimization, resource recovery and total waste management services. From Dolomatrix International Limited, Tox Free has acquired Waste Audit & Consultancy Services Pty, Ltd. (WAC). WAC is a provider of waste solution reporting, advice and assessment to the waste management sector. In addition to this acquisition, Tox Free have also agreed to acquire Chemsal, BCD Technologies Pty. And Entech Industries Pty., Ltd. The combined consideration for the deals is valued at $57.9 million in cash. The consideration for the acquisition will be funded by a combination of $39.9 million in draw down from new debt facilities and $26.95 million from an underwritten equity placement.The debt component of the transaction will be funded through a new facility provided by Australia and New Zealand Banking Group Limited (ANZ). Morgan Stanley Australia Limited acted as financial advisor and Clayton Utz as legal advisor to TOX for the transaction. The deal will enable Tox Free to expand its services within the hazardous waste sector, and enhance its hazardous waste strategy throughout Australia.

 

E-Resourcing Limited (UK) has acquired Williams McKinley Limited (UK)

Deal Size Range Unknown

Consulting Sector, IT Services / SAP

The UK-based award-winning IT and telecoms staffing business E-Resourcing Limited has recently acquired specialist SAP consulting firm Williams McKinley Limited in a strategic deal designed to complement its plan for substantial growth. E-Resourcing is a specialist in the provision of contract and permanent IT and telecoms staffing services across the UK and Europe. The addition of Williams McKinley will provide E-Resourcing with a team of experienced and acknowledged experts in SAP consulting, broadening their portfolio of expertise. Prior to the completion of the deal. E-Resourcing was advised by Ryecroft Glenton Corporate Finance’s Director Carl Swansbury, who was given tightly defined criteria by E-Resourcing to identify a suitable acquisition opportunity. The target company had to be a specialist IT firm looking to join forces with a larger staffing company that possessed greater financial and managerial experience. Ryecroft Glenton Corporate Finance also successfully advised the shareholders of E-Resourcing, helping them secure the desired funding and banking facilities needed to find the acquisition of Williams McKinley and the continued expansion of the enlarged business. The synergies that exist between the two companies will enable a smooth transition to becoming a stronger force in the IT and telecoms staffing markets, both in the UK and internationally. On behalf of the seller, Williams McKinley was advised by corporate financiers Richard Shaw and Marcus Archer of Clearwater Corporate Finance. Financial terms of the transaction were not disclosed.

 

CVC Communications (Canada) had acquired Altius Marketing (Canada)

Deal Size Range Unknown

Consulting Sector, Marketing

It has recently been announced that the Canadian CVC Communications, has acquired the brand-focused Canadian marketing firm, Altius Marketing, which is also based in Toronto. As of February 2012, Altius will now operate through the offices of CVC. CVC benefits from its in-house production group, VCR Active Media, which enables the company to deliver extensive, on-site technology and talent, including high-end products that incorporate custom audio, video, animation and digital production. With the unique ability and skills to service both internal and external communications needs, CVC offers full circle communications solutions. Established in 2000, Altius offers strategically integrated marketing and communications services; as add-ons to CVC Communications’ business expertise, these skills will broaden their service repertoire. Together, the combined companies will be well-equipped to deliver marketing and branding solutions that are strategic, creative and comprehensive. Financial terms of the deal were not disclosed.

 

EDM Group (UK) has acquired Filing Plus (UK)

Deal Size Range Unknown

Consulting Sector, Information Management

EDM Group, one of the UK’s largest providers of outsourced information management services, has recently announced the acquisition of the London-based Filing Plus. Financial terms of the deal, which was transacted with support from leading private equity provider LDC, were not disclosed. Established in 1996, Filing Plus provides a range of document management consultancy services and file audits to a diverse client base. The acquisition will provide a boost to EDM’s market presence, providing them with a well-established sales and consultancy platform in London. Moreover, the deal will also provide a wealth of opportunities for Filing Plus’ current client base, particularly through EDM’s scale and skills in document digitization. As a result of the acquisition, EDM Group now employs more than 640 people across eight locations across the UK. EDM Group’s expanding customer base includes Nationwide Building Society, Grant Thornton, Companies House and numerous healthcare providers such as NHS Trusts, Bupa and BMI Hospitals. 

 

 

UXC (Australia) has acquired Jireh Consulting Services (New Zealand)

Deal Size Range Unknown

Consulting Sector, IT Services, ERP

UXC, a business solutions company and one of the largest ICT consulting firms in Australia, has recently announced the acquisition of New Zealand-based company Jireh Consulting Services. Financial terms of the transaction were not disclosed. UXC has built a reputation in providing ICT solutions in consulting, business applications and infrastructure to medium to large business entities in the private and public sectors. Jireh is a specialist Oracle JD Edwards solution provider; the addition of Jireh will strengthen and develop UXC’s existing enterprise resource planning unit. As part of the deal, UXC’s wholly owned subsidiary Red rock Consulting has completed the acquisition of all shares in Jireh, which will combine with Red Rock’s existing JD Edwards Practice. Red Rock and Jireh will now consolidate both the strategy and delivery of solutions.

 

Perficient Inc. (U.S) has acquired PointBridge Solutions (U.S)

Deal Size Range $22 Million

Consulting Sector, IT Consulting

Perficient Inc., a leading information technology consulting firm and a service provider to Global 2000 and other large enterprise clients throughout the United States, has recently announced the acquisition of PointBridge Solutions, LLC., an IT consulting firm headquartered in Chicago. PointBridge was sold for approximately $22 million; including $14.4 million in cash and approximately $7.6 million worth of Perficient common stock. PointBridge is a $17 million annual services revenue business that specializes in collaboration, web content management, unified communications and business intelligence. PointBridge is one of the fastest growing Microsoft partners in the United States and one of only a few National Systems Integrators. The deal is expected to increase Perficient’s current annualized revenues to more than $300 million and is expected to be accretive to earnings per share immediately. The addition of PointBridge to Perficient’s portfolio of business-driven technology solutions consolidates their position as a leader in Microsoft systems integration, while also increasing their footprint in the Chicago, Milwaukee and Boston markets. Perficient will also benefit from a huge employee increase with 130 consulting, technology, sales and supports professionals being transferred to their team.

 

The Buller Group (U.S) has acquired Mabec Solutions (U.S)

Deal Size Range Unknown

Consulting Sector, Staffing

It has recently been announced that The Buller Group, an international recruiting and consulting firm in service to the U.S Government market, has acquired Mabec Solutions, an information technology professional services company serving the Federal Government and other commercial enterprises. As part of the deal, The Buller Group has acquired all outstanding shares, including all existing contracts; financial terms of the transaction were not disclosed however. The acquisition is a strategic one designed to expand The Buller Group’s range of services, with the intention of becoming a full suite of human capital services. In addition to its core recruiting services, The Buller Group now offers strategic staffing, services which include: subcontractor replacement, subcontracting and teaming, temp-to-perm staffing and temporary staffing.

 

Sunera LLC. (U.S) has acquired Parses Inc.’s Healthcare Business (U.S)

Deal Size Range Unknown

Consulting Sector, Healthcare / Audit

The Tampa, Florida headquartered Sunera LLC., a leading provider of business and technology risk consulting services,  has recently announced that it has acquired Parses Inc.’s healthcare auditing business, including the majority of its Florida-based employees and all of its current clients. Parses’ Dr Mihale and his Tampa based team – comprised of physicians and certified professional coders – are recognized experts in the fields of medical billing, claims auditing and Medicare and Medicaid claims recovery. It is hoped the acquisition will create a strong platform for Sunera, from which it can become an industry leader in healthcare claims billing and auditing. The deal, financial details of which have not been disclosed, constitutes Sunera’s fifth acquisition and continues two strong years of unprecedented growth for the firm. Since the beginning of 2010, Sunera has added more than 75 employees and over 200 new clients.

 

Vitec (U.K) has acquired N-runs (Germany)

Deal Size Range Unknown

Consulting Sector, IT Consulting

It has recently been announced that AV and telecom VAD Vitec (headquartered in Richmond, U.K) has acquired a 75% stake in the German consulting firm N-runs. Financial details of the transaction were not disclosed. N-runs is a provider of vendor-independent IT consulting services, specializing in IT security, infrastructure and business consulting services. The addition of N-runs will strengthen and broaden Vitec’s portfolio of services, while also extending its market presence in Europe.

 

Citec (Finland) has acquired S&V Analysis Oy (Finland)

Deal Size Range $0.4 Million

Consulting Sector, Industrial

In a deal estimated to be in the region of $0.4 million, the Finnish technical consultancy Citec has acquired the structure vibration analysis and FEA calculations company S&V Analysis Oy. Both companies are based in Vaasa, Finland, with Citec’s presence also felt in offices in Sweden, Norway, UK, France, Germany, Russian and India. The deal will build on Citec’s expertise within the area of calculation, thus improving their market position. In exchange, S&V Analysis will benefit from Citec’s richer pool of resources. Citec provides multi-discipline engineering, information management and consulting services to the Energy and Power, and other technology dependent sectors. They currently operate with a staff number of 1000 employees and recorded annual revenues of approximately $78.9 million in 2011. It is hoped the acquisition will help these numbers increase. 

 

Perceva Capital (France) has acquired BPI Group (France)

Deal Size Range $131 Million

Consulting Sector, Management Consulting / HR

It has recently been announced that the BPI Group, a leading global management and HR consulting firm headquartered in Paris, and with over 2,000 employees worldwide, has been acquired by French private equity house Perceva Capital. BPI’s annual revenues are estimated to be in the region of $131.4 million. The strengthening of BPI’s capital base will be supported by the current management team, as well as the majority shareholder and President, Claude Paoli. The investment will provide BPI with the means to consolidate and protect its financial structure. As a result of the deal, Paoli will now become Chairman of the supervisory board that will also include representatives from Perceva. The investment is expected to give BPI will the sufficient means to restructure their business development and the partnership is in line with Perceva’s role in accompanying high potential French companies in their redeployment. The deal is estimated to be in the region of $131 million.

 

Mazars (France) has acquired Gourgue & Associates (France)

Deal Size Range $5.2 Million

Consulting Sector, Accounting / Audit

It has recently been announced that Mazars, the French audit and accountancy consulting firm, has acquired its local counterparts Experts & Conseils Gourgue & Associes and Experts Conseils Developpement. The merger became effective on the 1st January 2012. The two firms, which operate under the umbrella brand Gourgue & Associates, currently operate with 35 employees and have combined revenues of $4.6 million. Mazars specializes in audit, accountancy, tax, legal and advisory services, and benefits from a rich pool of resources, together with the 13,000 professionals in the 67 countries that constitute its integrated partnership. The deal will extend Mazar’s market presence in the Rhone-Alps region of France, as the merger brings the number of Mazar employees in the region to 260. The deal is expected to be in the region of $5.3 million.

 

Strategic Pay Limited (New Zealand) is to acquire Moyle Consulting Limited (New Zealand)

Deal Size Range Unknown

Consulting Sector, HR / Remuneration

Strategic Pay Limited, New Zealand’s largest full-service remuneration consultancy, has recently announced that it is to acquire Moyle Consulting Limited, a specialist remuneration consultancy. The agreement, which will become effective from 31 March 2012, will create the largest consultancy of its type in New Zealand, bringing together and benefitting from Strategic Pay’s expertise and geographic coverage and Moyle Consulting’s unique services – particularly in the areas of Executive and Board remuneration. The merger will create a nationwide company of 28 staff, which will constitute a team twice the size of its nearest competitors, allowing for international competition. The remuneration databases that both firms operate will be merged over time to consolidate into the largest of its type - over 130,000 individual roles across approximately 1,200 organisations. All five of Moyle Consulting’s employee team will take up a role in the newly combined entity. The financial terms of the transaction were not disclosed.

 

Diabsolut Inc. (Canada) has acquired The Results Group (Canada)

Deal Size Range Unknown

Consulting Sector, Sales / Business Process Optimization 

Diabsolut Inc., a strategic workforce management and business solutions company specializing in business transformation services, and based in Canada, has recently announced their acquisition of The Results Group, a leading Canadian business proves optimization agency and trusted Salesforce.com business consulting partner. Financial terms of the transaction were not disclosed. As part of the deal, The Results Group’s CRM and cloud practice will be merged into the Diabsolut services portfolio. Diabsolut Inc. serves a broad range of mid-market clients and enterprise companies within the telecommunications, utilities, medical devices, home automation and security sectors. The Results Group has successfully deployed CRM and Salesforce.com solutions to more than 150 North American clients in a wide variety of industries, including: retail and consumer goods, media, pharmaceuticals, financial services, construction, technology and manufacture. The addition of The Results Group will significantly enhance Diabsolut’s range of services, particularly improving their ability to offer emerging cloud solutions.

 

Technology Capital Investors (U.S) has acquired Savid Technologies Inc. (U.S)

Deal Size Range Unknown

Consulting Sector, IT Security / Cloud

In the aim to successfully partner and grow local and regional MSPs, the New York-headquartered Technology Capital Investors, has acquired the specialist IT security firm and managed service provider (MSP), Savid Technologies Inc. (based in Chicago). Under the terms of the agreement, Savid Technologies will be consolidated into Technology Capital Investors’ national portfolio of high performance MSP partners, yet will continue to operate under its company brand, with their industry renowned cloud security expert (author of Hacking Exposed), Michael A. Davis, remaining at the helm. The merger will provide clients with a fully integrated security service. Financial terms of the transaction were not disclosed.

 

Gulf Capital (United Arab Emirates) is to acquire Reach Group (United Arab Emirates)

Deal Size Range $27 Million

Consulting Sector, Management Consulting 

It has recently been announced that Abu Dhabi-based private equity firm Gulf Capital is in the final stages of acquiring an 80 per cent stake in regional consultancy firm Reach Group. The deal is estimated to be in the region of $27 million, with Gulf Capital able to close the transaction in the first quarter of 2012 through its $533 million Private Equity Fund II. Abu Dhabi-based Reach Group – founded in 1999 – provides management consulting, information technology, recruitment and outsourcing services, and has offices in the UAE, Kuwait and Jordan. The deal follows a period of expansion for Gulf Capital; as only last month they acquired an 82.7 per cent stake in power generation provider Sakr Energy Solutions FZCO (in what was a closed deal).

 

Arthur J. Gallagher & Co. (U.S) has acquired ProSource Financial (U.S)

Deal Size Range Unknown

Consulting Sector, Employee Benefits

Arthur J. Gallagher & Co., the international insurance brokerage and risk management services firm (headquartered in Illinois), has recently announced the acquisition of ProSource Financial, also based in Illinois. Financial terms of the transaction were not disclosed. Founded in 1986, ProSource Financial is an employee benefit insurance broker that offers a full range of group employee benefit products and consulting services, specializing in providing group medical, disability, dental and voluntary products to the medical, food service, education and business service industries. Following the acquisition, the ProSource team will continue to operate at their current location under the direction of William Ziebell, North Central Regional Executive Vice President of Gallagher's employee benefit consulting and brokerage operations.

Hill, Barth & King (U.S) has acquired Carson & Co. LLC (U.S)

Deal Size Range Unknown

Consulting Sector, Accounting

It has recently been announced that accounting and business consultancy firm Hill, Barth & King has acquired Carson & Co. LLC, thus expanding the firm’s market presence in the Pennsylvania region and reaching into a construction industry clientele. Financial terms of the deal were not disclosed. HBK is ranked 85th on Accounting Today’s 2011 list of the Top 100 firms, $33.5 million recorded in annual revenue. As a result of the deal, Carson & Co. will benefit from HBK’s depth of resources, while HBK will be better equipped to offer a broader range of sources with the addition. As a result of the acquisition, HBK and their investment advisory arm, HBKS Wealth Advisors, will now operate with a staff number of 300 professionals and support employees.  

Towers Watson (U.S) has acquired Fifth Quadrant (South Africa)

Deal Size Range Unknown

Consulting Sector, Employee Benefits / Actuarial

Towers Watson, the leading global professional services company with 14,000 associates around the world, has extended its market presence in South Africa with the acquisition of a 51% stake in Fifth Quadrant. The deal formalizes an alliance between the U.S consultancy and the South African actuarial and employment benefits consulting firm dating back to 2008. Fifth Quadrant currently operates with 80 members of staff. It is hoped the deal will kick-start Towers Watson’s gradual expansion into the area, as they hope to address South Africa’s ‘serious skills shortage’. As a result of the deal, Towers Watson will transfer some of its staff to South Africa but the main strategy will involve grassroots skills development in South Africa. Financial terms of the transaction were not disclosed.

Intierra RMG (Canada) has acquired Bloomsbury Minerals Economics Ltd. (UK)

Deal Size Range Unknown

Consulting Sector, Mining

It has recently been announced that IntierraRMG, a leading provider of business intelligence for the international mineral resources sector, headquartered in Canada, has acquired the London-based Bloomsbury Minerals Economics Ltd., thereby strengthening its copper expertise. As part of the asset transfer, BME will increase its shareholding in IntierraRMG, in which it has been invested since 2009. With the addition of BME to the IntierraRMG business, the buyer will have access to BME’s wealth of resources such as supply-demand market analysis, mine project appraisal, a quarterly copper report and monthly copper briefing service. Financial terms of the transaction were not disclosed.

LAC Group (U.S) has merged with Chase Cost Management (U.S)

Deal Size Range Unknown

Consulting Sector, Legal Consulting

The Los Angeles-based LAC Group, a company specializing in global information management and professional recruitment, has recently announced that it is to merge with Chase Cost Management, an expense reduction services firm located in New York. The merger will create a new platform of services that focus on cost efficient solutions for their clients. Both firms will continue to operate under their names, and Chase Cost Management will become a division of LAC. LAC operates with a staff number of 300 employees in seven offices, with operations at over 60 locations in the United States, Europe and Canada. As a result of the merger, LAC will be strengthened by a stronger market presence in New York. Chase Cost Management provides more than 80 of the top 200 law firms with customized expense reduction services. Combined, both firms’ revenues in 2011 totaled $25 million but financial terms of the transaction were not disclosed.

Corporate Executive Board (U.S) has acquired Valtera (U.S)

Deal Size Range Unknown

Consulting Sector, Management Consulting / HR

It has recently been announced that leading management performance consultancy Corporate Executive Board has acquired Valtera, a global talent management company that benefits from a leading team of organizational psychologists and an innovative technology platform. Financial terms of the deal were not disclosed. As a result of the acquisition, CEB will be well positioned to create a leading resource for insight and support on employers’ most pressing challenges – hiring, engaging and developing talent. The newly merged business entity will now operate under the brand CEB Valtera. Through acquiring Valtera, CEB gains a rich data set, powerful analytic capabilities and a group of dedicated industry leaders, helping them to drive business productivity and broaden their portfolio of services.

Individual Investor and Credit Agricole Private Equity (France) has acquired e-Frontech (France)

Deal Size Range $9 Million

Consulting Sector, IT Consulting

In a deal said to be in the region of $9 million, e-Frontech, the French IT consulting firm, has been sold by its founder to individual investor Edith Letournel and Credit Agricole Private Equity, that took 49% and 41% respectively. The management tram acquired the remaining stake. E-Frontech has built a reputation as the supporter of large businesses and communities in the implementation and maintenance of CRM and business intelligence tools. The French consultancy recorded revenues of $8.9 million in 2011 and operates with a workforce of 55.

Aurelius Group (Germany) has acquired Thales Information Systems (Spain)

Deal Size Range $59 Million

Consulting Sector, IT Services

In a deal estimated to be in the region of $59 million, the German company Aurelius Group has acquired Thales Information Systems, a subsidiary of Thales España. Thales Information Systems is at the forefront of the IT market in Spain and Argentina, providing a range of IT services including development, installation and support of software and software tools to support clients in the management of their day-to-day business. The IT services company also provides technical assistance and maintenance services, together with specialist advice and services in areas such as IT security and IT mobility. Thales recorded revenues of roughly $59.4 million in 2011. As part of the structure of the deal, the acquired information systems activity will operate as an independent company in the Spanish market. Aurelius will benefit from this widened market footprint. Moreover, through its integration with the Aurelius Group, Thales will benefit from additional synergies and new capabilities, thereby adding to its value proposition for its existing customers as well as generating increased business opportunities.

Bee Team (Italy) has acquired Bluerock Consulting (UK)

Deal Size Range $1.8 Million

Consulting Sector, IT Consulting / Financial Services

It has recently been announced that Bee Team, the listed Italian IT consulting company, has increased its stake in the UK-based firm Bluerock Consulting to 94.2% from 51%. The deal is valued at $1.8 million. From a strong base in the UK markets Bluerock has developed a pan-European vision for its business, launching projects in Italy, Russia and other Central Eastern European countries. A privately owned management consultancy operating since 1999, Bluerock Consulting Ltd provides advisory and change management services to UK and European Blue-chip financial services clients, focusing on the areas of cards and payments, retail banking, life and pensions and asset management. The agreement will provide Bluerock access to a broad set of complementary skills and capabilities in addition to extending its capability in the areas of IT and large scale change management. It also provides a strong capital base from which to further expand its UK and international capabilities. In the year ending 2010, Bluerock Consulting recorded revenues of $8.4 million and operates with 40 consultants in 5 countries.

Cardno (Australia) has acquired ATC Associates (U.S)

Deal Size Range $106 Million

Consulting Sector, Environmental Consulting

The Brisbane-based international infrastructure services consultancy Cardno has recently announced another major acquisition in the US in ATC Associates, which will significantly increase its expertise in environmental consulting and services, one of the fastest growing sectors for consulting engineers. ATC Associates, based in Louisiana, has been bought by Cardno for $106 million, with $5 million of that "held back" for 18 months - with the acquisition to be funded by a $45 million placement, which was bedded down by the weekend, and a $66 million one-for-nine renounceable rights issue. ATC’s management team will remain involved in the business, and together with their 1,600 employees, the purchase of ATC will lift Cardno’s global complement to more than 6,200, thus making the company one of the five largest environmental consulting firms in the US. It is hoped the acquisition of ATC will provide Cardno with broader access to key US clients such as oil, gas and energy companies and major US contractors and retail groups. Moreover, Cardno expects the acquisition to contribute $130 million to its revenue in the next 12 months and $16 million to earnings before interest, tax, depreciation and amortisation.

Humanis Group Limited (Australia) has acquired DLA Consulting (Australia)

Deal Size Range Unknown

Consulting Sector, Recruitment / HR

The international recruitment and labour hire specialists (headquartered in Melbourne, Australia), Humanis Group Limited have recently announced the acquisition of DLA Consulting, a specialist insurance and financial services recruitment company, also based in Melbourne. DLA Consulting has built a strong reputation in the human resources sector, providing recruitment solutions to clients and candidates across Australasia, Asia Pacific and the Middle East. The acquisition of DLA Consulting is a strategic addition to the Humanis brand portfolio and will provide them with a useful platform from which to grow its insurance and financial services portfolio. Humanis is expected to reach revenues in excess of $450 million for 2011/2012. Financial terms of the transaction were not disclosed.

Kapsch (Austria) has acquired Squario IT Solutions and Focus Net Consulting (Romania)

Deal Size Range $2.6 Million

Consulting Sector, IT Services

In a deal said to be in the region of $2.6 million, Kapsch, the private Austrian communications solutions and business services group that employs 4,000 people worldwide, has acquired the Romanian firm Squario IT Solutions and its subsidiary Focus Net Consulting. Kapsch specializes in solutions for domains such as intelligent transportation systems, telecom and railway operations and information and communication technology. After the completion of the acquisition, the number of Kapsch employees in Romania has increased to 70 people. The acquisition is a strategic move on behalf of Kapsch to extend their footprint in Romania. They plan other takeovers in the region, which should aid the company to reach its estimated target of $19.8 million turnover over the next 3 years. Squario IT Solutions and Focus Net Consulting generated a cumulated turnover of $2.6 million in 2011. Following the acquisition, Daniel Oancea and Radu Pencea, Squario’s founders, will continue to run the Bucharest-based company and its Sibiu-based subsidiary for at least three more years.

Segal Advisors Inc. (U.S) has acquired Rogerscasey (U.S)

Deal Size Range Unknown

Consulting Sector, Financial Services / Investment Advisory

It has recently been announced that Segal Advisors Inc., the SEC-registered investment consulting subsidiary of The Segal Group Inc., has acquired the business of Rogerscasey, a global investment solutions firm. The combined entity will benefit from more than 325 clients with worldwide advisory assets approaching $400 billion. The new company will operate under the name Segal Rogerscasey with 120 employees. Rogerscasey Canada is included in the transaction. As a result of the deal, both firms will benefit from a wealth of resources; their proprietary research methodologies operating along similar lines. Financial terms of the transaction were not disclosed.

P-Solve (U.S) has acquired Cassidy Retirement Group (U.S)

Deal Size Range Unknown

Consulting Sector, Financial Advisory / Asset Management

As part of a continuing drive to increase its presence in the corporate retirement benefits planning market, the Global investment consultancy P-Solve has acquired the Cassidy Retirement Group. As a result of the deal, the new unit will be re-named P-Solve Cassidy and will be led by Daniel P. Cassidy, the founder and president of Cassidy Retirement Group. The addition of the Cassidy Retirement Group will broaden P-Solve’s actuarial and retirement plan design expertise, allowing them to offer their clients a more comprehensive array of management solutions for defined benefit plans. Moreover, Cassidy’s experience in defined contribution and hybrid schemes also means clients will benefit from expert insight into design and implementation. Financial terms of the transaction were not disclosed.

FOT (Hungary) is merged with Elixise (U.K) to form The Core Banking Group

Deal Size Range Unknown

Consulting Sector, Management Consulting / Banking 

It has recently been announced that Hungary-based testing specialist FOT and UK-based consulting group Elixise have merged to form The Core Banking Group. FOT brings a powerful range of complementary software solutions targeting banks using the Temenos GLOBUS™ or T24™ core banking applications. Elixise adds a strong Strategic Consulting Services practice, experienced in core banking transformation. While the two parts of the new entity have traditionally been focused on Temenos' Globus/T24, The Core Banking Group plans to extend services and solutions to other core systems. Financial terms of the merger were not disclosed.

Technology Integration Group (U.S) has acquired Commercial Data Systems (U.S)

Deal Size Range Unknown

Consulting Sector, I.T Services

Commercial Data Systems, a Hawaiian computer consulting firm specializing in data management, virtualization and cloud computing, is selling its assets to Technology Integration Group, a certified IT systems integrator. Commercial Data Systems’ CEO Mark Wong has confirmed the sales to the California-based company and stated that he is to close down the company’s Honolulu headquarters as a result of the deal. Financial terms of the transaction were not disclosed. Commercial Data Systems had been the largest computer company of its kind in Hawaii with $90m in sales in 2009. The company expanded to the mainland in 2000 but in 2010 Wong started laying off employees and closing offices.

Acosta (U.S) has acquired Griffin Strategic Advisors (U.S)

Deal Size Range Unknown

Consulting Sector, Management Consulting / Sales and Marketing

Acosta, the leading outsourced sales and marketing agency serving consumer packaged goods companies and retailers across North America, has recently announced the completed acquisition of certain assets of Griffin Strategic Advisors LLC, a comprehensive strategy and operations management consulting firm specializing in helping organizations improve profitability and accelerate growth. As a result of the deal, Griffin will combine with Acosta’s Marketing Group to form AMG Strategic Advisors, a new business unit to be led by Griffin’s co-founder and CEO Carrie Shea. Acosta will benefit from Griffin’s capabilities in growth strategy, brand positioning and shopper and marketing insights. Financial terms of the transaction were not disclosed.

Hollstadt & Associates Inc. (U.S) has been acquired by Molly and Jim Jungbauer (U.S)

Deal Size Range Unknown

Consulting Sector, Management Consulting / I.T

It has recently been announced that the Minnesota-based consulting firm Hollstadt & Associates Inc. (a market-leading provider of management and technology consulting services) has been sold to Molly and Jim Jungbaeur of White Bear Lake, Minnesota. Financial terms of the deal were not disclosed. The effects of the deal are effective immediately. Hollstadt & Associates, established in 1990, employs about 180 people and forecast annual revenue for this year is greater than $30 million. The Jungbauer husband and wife team have no plans to change Hollstadt’s proven formula for success, and will continue to focus on providing exceptional client satisfaction by employing experienced consultants who are well equipped to offer an extensive range of services. The brand name Hollstadt & Associates will also remain intact. Jim Jungbauer, who has served five years as President of Hollstadt & Associates, Inc., will retain the position of President.

Amadeus (Spain) has acquired airconomy (Germany)

Deal Size Range Unknown

Consulting Sector, Aviation

The Spanish company Amadeus, a leading travel technology partner and transaction processor for the global travel and tourism industry, has recently announced the acquisition of Frankfurt-based company airconomy, an international strategy consultancy supplying precise and comprehensive data on passenger demand. The deal, financial details of which were not released, formalizes what had been a previous working relationship. Last year, Amadeus launched, in partnership with airconomy Total Demand, a business intelligence tool which delivers detailed key performance indicators on passenger demand to help benchmark network strengths and weaknesses. As a result of the acquisition, airconomy will run as a separate business incubator to develop ideas for new market intelligence products while Amadeus will commercialise the new products and handle on-going product management. For the year ending December 2010, Amadeus recorded revenues of $3,555. It employs around 10,000 employees worldwide.

M&C Energy Group (U.K) has acquired Coleman Hines (U.S)

Deal Size Range Unknown

Consulting Sector, Energy Procurement / Compliance

The Scottish market leader in energy procurement and compliance services M&C Energy has expanded its American footprint with the acquisition of Arizona-based energy consultants Coleman Hines. The deal comes only a few months after the Dunfermline-based energy management consultancy firm opened its first US office in Atlanta, Georgia. Coleman Hines provides services at nearly 35,000 sites in the US and Canada, particularly in the retail, restaurant and commercial sectors. The addition of Coleman Hines will generate a growth of business for M&C Energy in the North American market. Moreover, Coleman Hines’ unique products and services that are specifically developed for local markets will strengthen M&C’s portfolio of services. UK-based investor Lyceum Capital acquired M&C Energy Group for The addition of Coleman Hines to the M&C stable is the latest in a line of acquisitions by the global market leader. In 2010 they acquired Utility Masters Ltd (UK), ETT GmbH (Germany), Creative Energy Solutions (Australia), and Encore International Ltd (UK). Financial terms of this acquisition were not disclosed.

EOH (South Africa) has acquired Airborne Consulting (South Africa)

Deal Size Range Unknown

Consulting Sector, IT Services / Microsoft

The South African IT Service provider EOH has recently announced the acquisition of Airborne Consulting. Financial terms of the transaction were not released. Created in 2004, the South African company Airborne Consulting specialises in software development, management consulting, infrastructure and managed services. The consultancy has a strong reputation, having garnered a wealth of blue-chip clients in the financial sector in recent years. It is a Microsoft Certified Partner of choice, having achieved gold partner status across five competencies. The acquisition is a strategic one on behalf of EOH as they seek to expand their footprint in the Western cape. Moreover, the addition of Airborne Consulting to the EOH set-up allows EOH to develop their business portfolio of services, and with 120 employees, the addition of Airborne Technologies brings the EOH family closer to their aim of a 4,000 strong team.

Capita (U.K) has acquired Smiths Consulting Limited (U.K)

Deal Size Range $16 Million

Consulting Sector, IT Services / SAP

 

It has recently been announced that Capita, the UK’s leading provider of BPO and integrated professional support service solutions, with 45,000 employees at more than 350 sites, has acquired Smiths Consulting Limited for a cash consideration of $16 million on a cash free, debt free basis, with a further contingent consideration of up to $3.2 million based on profit performance over the next two years. Smiths Consulting is an SAP consultancy that specializes in delivering business change enabled by technology. The company has a strong market presence in areas such as government, aerospace, telecommunications and finance. The acquisition will significantly enhance Capita’s existing in-house SAP consultancy skills by creating a core hub of expertise and resource. Capita will benefit from Smiths Consulting’s breath of experience in the delivery of SAP solutions. Smiths Consulting currently operates with 52 direct employees (and supported by 150 associates) in their Newcastle, London and Chelmsford offices. For the financial year ending March 2011, Smiths Consulting recorded profits of $3.8 million with a turnover of $18.7 million. 

FTN Financial (U.S) has acquired Main Street Capital Advisors (U.S)

Deal Size Range Unknown

Consulting Sector, Local Government / Financial Advisory

FTN Financial, a division of First Tennessee Bank, N.A., and an industry leader in fixed income sales and trading and strategy for institutional clients, has recently announced the acquisition of Main Street Capital Advisors, LLC. FTN Financial also provides investment services and balance sheet management solutions. With an average daily trading volume of over $5 billion, FTN Financial transacts business with approximately 40% of all domestic depository institutions with investment portfolios over $100MM. Nevada-based Main Street Capital Advisors is a registered investment advisor that provides investment management services and investment consulting primarily to state and local municipalities. The addition of Main Street to FTN Financial provides a gateway into an expansion into public funds asset management, broadening their institutional portfolio advisory services beyond their traditional depository focus. As a result of the deal, Main Street will operate under the brand name FTN Financial Main Street Advisors, a subsidiary of First Tennessee Bank. Financial terms of the deal were not disclosed.

Marcum LLP (U.S) has merged with Konowitz, Kahn and Company, P.C. (U.S)

Deal size Range Unknown

Consulting Sector, Accounting 

Marcum LLP, a national independent public accounting and advisory firm based in Melville, has announced they are to merge with the Connecticut accounting, tax and consulting firm of Konowitz, Kahn and Company, P.C. As a result of the deal, all seven partners and thirty employees from Konowitz, Kahn and Co. will join the New England practice of Marcum and will workout of Marcum’s New Haven office. The addition of Konwitz, Kahn and Co. will bring a suite of complementary services to the Marcum network, which will enable them to offer a more complete and diverse range of services to the New England marketplace and their clients nationwide. Financial terms of the deal were not disclosed.

NTT Data (Japan) has acquired Total Systems Consulting Group (Brazil)

Deal Size Range $14 Million

Consulting Sector, IT Services

The Tokyo headquartered global ICT services company NTT Data has announced that it has entered into a definitive agreement to acquire 100% shares of Total Systems Consulting Group, a Brazilian company that specializes in IT solutions, payment application, consulting and outsourcing in Brazil. The deal is expected to be in the region of $14 million. As a result of this strategic deal, NTT Data will be well placed to further expand its geographic reach in Brazil into the growing Latin American markets. NTT Data Group has set targets for overseas sales of $3.9 billion and the ratio of overseas sales at 20% for the March 2013 quarter as part of its current medium term management plan, and is actively working to expand its presence overseas. The partnership will enable NTT Data to widen its business portfolio and increase their presence in the financial sector, as well as increasing their presence in the public sector. For the year ending 2010, Total Systems Consulting group recorded revenues of $14.9 million and operates with 200 professional employees.

Rejlers (Sweden) has acquired Ramböll Finland Oy (Finland)

Deal Size Range $6.6 Million

Consulting Sector, Energy 

Rejlers, the Nordic group offering technical consultancy services in the electrical engineering, energy, mechanical engineering, automation, electronic, IT and telecommunicatons sectors, has announced that its Finnish subsidiary has successfully completed the acquisition of the consultancy operations within the automation and electricity sectors of Ramböll Finland Oy. The acquired operations recorded annual turnovers of $7.3 million and currently operates with a personnel of 70 employees. The acquisition is a strategic one on behalf of Rejlers, as they seek to expand their engineering consultancy services to the customer groups Industry and Energy. The acquisition will also increase Rejlers’ market presence in Finland. After the acquisition, Rejlers will have 430 employees working in Finland. The addition of Ramböll Finland Oy is indicative of Rejlers’ business push to recruit new staff and implement strategic takeovers – in the aim that they will reach the objective to employ at least 2,015 employees and have a turnover of at least $303 million by 2015. The deal is expected to be in the region of $6.6 million.

Radix Promotions and Marketing (U.S) has acquired Thomas Watson Consulting (U.S)

Deal Size Range Unknown

Consulting Sector, Marketing / Online

The boutique sales and marketing consulting firm Radix Promotions and Marketing (headquartered in Los Angeles and with satellite offices in New York and Chicago) has recently announced the acquisition of Thomas Watson Consulting, a Los Angeles based Web 2.0 agency specializing in web design, marketing communications, advertising, collateral, direct marketing and PR. The deal formalizes what has been a prior working relationship. The addition of Thomas Watson Consulting’s skill base will support Radix’s current strategies, helping the company to focus their key service offerings in white-label marketing for small and mid-sized businesses and other marketing automation capabilities. Financial terms of the transaction were not disclosed. 

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