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Consulting Sector M&A Deals for week beginning 11th of November

by Administrator 18. November 2013 10:40
Adapt-IT (Pty) Limited (South Africa) signed an agreement to acquire 100% stake in Aquilon Proprietary Limited, Aquilon Evolution Holdings Proprietary Limited, Aquilon Evolution Consulting Proprietary Limited & 40% Stake in Fuel-Loc Proprietary Limited (South Africa)
Deal Size: $10 million Industry: IT consulting Date: November 2013
Adapt IT says it has agreed to buy all of the Aquilon Companies as well as 40% of Fuel-Loc for up to R98 million, which will be paid for in shares and cash. The Aquilon companies are specialist SAP consultancies, founded in 2006, which design, implement and support SAP IS-Oil implementations throughout South Africa. Collectively, they provide SAP services to six of the major oil companies trading in South Africa and globally. In a statement to shareholders, Adapt IT says its board believes the deal gives it an entry point into specialised areas in the oil and gas sector. The strategic move will aid it in expanding into the growing energy sector in Africa, as well as extend its local reach into the Western Cape, and bolsters its SAP solutions expertise. Adapt IT is a Johannesburg Stock Exchange listed company that provides a variety of innovative information technology (IT) services and specialised solutions to the Mining & Manufacturing, Energy, Financial Services and Education industry sectors.

AssuredPartners of Minnesota LLC (USA) acquired Lee F. Murphy, Inc. (USA)
Deal Size: Unspecified Industry: Consulting Date: November 2013
AssuredPartners Inc. through its subsidiary AssuredPartners of Minnesota has acquired the Lee F. Murphy Inc. insurance firm based in St. Paul, Minn. Lee F. Murphy offers a range of insurance and consulting services for businesses and individuals and reports revenues of roughly $8 million. The firm specialises in commercial insurance, including property/casualty, workers’ compensation, cyber liability, risk management, employee benefit programs and personal insurance. Lake Mary, Fla.-based AssuredPartners Inc. is a portfolio company of Chicago-based private equity firm GTCR, and it acquires and invests in insurance brokerage businesses, including property/casualty, employee benefits, surety,  managing general agents, and wholesalers, across U.S. and in London.  The firm has more than 80 offices in 23 states and a London office.  Lee F. Murphy Group is an independent agency that specialises in Business Insurance, Workers Compensation, Personnel Lines, Group Benefits. 
XYEC Holdings Co., Ltd. (Japan) acquired 95.45% stake in TECHNO LIKE US CO., LTD. (Japan)
Deal Size: $1.6 million Industry: HR consulting Date: November 2013
Xyec Holdings Co Ltd announced that it entered into a sale and purchase agreement with an independent individual investor and his associate, to acquire 2,100 ordinary shares, representing approximately 95% of the issued and paid-up capital of Techno.  Techno specialises in the engineer staffing business in Japan with a broad client base, and has business operations in several locations such as Tokyo, Nagoya, Fukuoka and Utsunomiya, which are cities in Japan. TECHNO LIKE US CO., LTD. offers engineer staffing services in Japan with operations in Tokyo, Nagoya, Fukuoka and Utsunomiya. XYEC Holdings Co., Ltd. offers general management services.
Allied Integrated Marketing (USA) acquired Grand Central Marketing, Inc. (USA)
Deal Size: Unspecified Industry: Marketing consulting Date: November 2013
Allied Integrated Marketing announced that it has acquired Grand Central Marketing, Inc., one of the leading experiential marketing firms in the U.S.  The acquisition expands Allied's existing experiential marketing business, and will enable the company to offer its clients bigger and better activations and promotional programs by leveraging GCM's experience in the design, production and execution of large-scale events. The combined division will be renamed Allied Experiential. "The addition of GCM will take Allied Experiential to the next level in terms of creativity and expertise.  In a fragmented media world, experiential marketing is more important than ever, especially when combined with smart digital integrations like those GCM has pioneered with its Social Central team." said Allied President Clint Kendall. Grand Central Marketing, Inc. provides marketing and promotion agency services. Allied Integrated Marketing, an integrated marketing company, provides creative campaign ideas, integrated programs for promotional exposure, strategies to enhance the existing traditional media, and social media and action services for entertainment, media, and consumer brand industries in North America.

Match Marketing Group Inc. (Canada) acquired Circle One Marketing, LLC (USA)
Deal Size: Unspecified Industry: Marketing consulting Date: November 2013
Match Marketing Group has acquired Circle One Marketing of Norwalk CT, further strengthening its position as North America's leading shopper marketing agency. The addition of Circle One - the ninth acquisition in less than two years - continues to build Match MG's bench of all stars while creating North America's most effective and integrated retail marketing agency. "We have always been impressed with the creativity and extensive retail knowledge that Circle One brings to its clients," says Brett Farren, CEO of Match. "We're happy to have them on our bench instead of as competitors and we are confident that adding the Circle One team will allow us to offer our clients more creative and impactful shopper marketing solutions." Circle One Marketing has evolved into a leading shopper marketing agency with expertise in areas such as interactive and viral marketing. Match MG is North America's leading shopper marketing agency. 

Penna PLC (UK) reached an agreement to acquire Savile Group Plc (UK)
Deal Size: $1.8 million Industry: HR consulting Date: November 2013
UK recruitment firm Savile Group has reached an agreement to sell their entire issued, and to be issued, ordinary share capital to international HR consulting firm Penna Consulting. The total value of the shares is approximately £1.1 million. Commenting on the offer, Stephen Rowlinson, Chairman of Penna, said: "Penna and Savile have complementary businesses.  Both companies are committed to providing their clients with the highest possible standards of service and providing their employees with the opportunity to pursue satisfying, stimulating and rewarding careers. The enlarged group will provide clients with a broad range of Human Resource services and could benefit from opportunities to reduce costs by elimination of duplicated administrative functions.  The Board of Penna believes the merger will be earnings enhancing in the first full financial year following the offer becoming, or being declared, unconditional in all respects." Savile Group Plc, through its subsidiaries, provides career transition and talent management services primarily in the United Kingdom. Penna PLC provides human resource services for public and private sector clients. 

Mistras Group, Inc. (USA) acquired Carmagen Engineering Inc (USA)
Deal Size: Unspecified Industry: Engineering consulting Date: November 2013
MISTRAS Group, Inc. announced that it has acquired Carmagen Engineering, Inc. a professional engineering consulting and technical training services provider serving the hydrocarbon processing and other energy-related industries. Since 1986, Carmagen has been providing a wide range of services focused on the oil & gas industry that includes plant operations support; profit improvement analysis; turnaround planning & execution programs; and technical training ranging from process safety to reliability and maintenance, to asset design and integrity instruction. "This is an ideal complement to MISTRAS' comprehensive and advanced asset protection portfolio of solutions by identifying the right inspection technologies and methods, information management, and monitoring system requirements early in the planning phase to meet the customer's objectives," said Ralph Genesi, Group Executive Vice President, Sales & Marketing. Mistras Group, Inc. provides technology-enabled asset protection solutions to evaluate the structural integrity and reliability of critical energy, industrial, and public infrastructure worldwide.
Foreship Ltd. (Finland) acquired Queo Consulting Ltd (Finland)
Deal Size: Unspecified Industry: Engineering consulting Date: November 2013
Foreship has announced the acquisition of Queo Consulting, an experienced electrical engineering company located in Mariehamn, Aland. “With this acquisition, we are extending our portfolio so we can offer our clients the entire range of services required in the area of ship design and engineering. We are very pleased that our long-standing partner relationship with the Queo Consulting team has resulted in Queo Consulting becoming a part of Foreship,” said Lauri Haavisto, managing director of Foreship. Foreship specialises in ship designing and engineering.

Corporate Resource Services, Inc. (USA) acquired Flex Recruitment Plus Limited (UK)
Deal Size: Unspecified Industry: HR consulting Date: November 2013
Corporate Resource Services, Inc., a diversified technology, staffing, recruiting and consulting services firm, announced that it has closed on the acquisition of UK-based Flex Recruitment Plus Limited (FlexPlus). “The FlexPlus acquisition gives us a strategic presence in the UK and Europe,” said Michael J. Golde, Chief Financial Officer of CRS. "This is a major win and will enable us to execute on cross-selling opportunities into the United Kingdom with CRS’ existing client base. We see great potential in the UK and broader European market as economic conditions are improving and the demand for recruitment is expanding. FlexPlus’s technology offerings are also a perfect fit with ours. The acquisition will be immediately accretive to earnings, and as we welcome FlexPlus into our family, we see a clear path to creating even greater overall profitability and increasing value for our shareholders.” FlexPlus is a staffing and technology business specialising in the placement of temporary, contract and permanent candidates into the logistics, fulfillment, warehousing and retail sectors. Corporate Resource Services, Inc. provides cloud-based enterprise applications and hosting services to PEO and staffing companies, as well as diversified staffing, recruiting, and consulting services.

Tellza Communications, Inc (Canada) acquired AGK Consulting (USA)
Deal Size: Unspecified Industry: IT consulting Date: November 2013
Tellza Communications Inc. (formerly, Phonetime Inc.) announced that it completed the acquisition of the assets of AGK Consulting. AGK Consulting owned the technology and platform that Tellza operates to run its business on a day to day basis. Tellza's management and independent directors believe that it is essential that this software be owned by Tellza. AGK Consulting, Inc. operates as a software consulting firm and develops console software for real time SWAP analysis and control, real time profitability reporting and real time network quality reporting and control. Tellza Communications Inc., a telecommunications carrier, provides business to business services worldwide.
Chinasoft International Ltd. (China) entered into an agreement to acquire Catapult Systems, Inc. (USA)
Deal Size: $41 million Industry: IT consulting Date: November 2013
ChinaSoft International Limited announced that it has entered into an agreement to acquire Catapult Systems, LLC ("Catapult"), a premier Microsoft-focused consulting company headquartered in Austin, Texas, for an aggregate cash consideration of US$41.0 million plus additional consideration upon satisfaction of certain post closing events. As the premier provider of Microsoft integration services, Catapult is positioned at the forefront of the current "digitisation" movement worldwide. Catapult Systems implements innovative technology solutions that enable clients to achieve business objectives while deriving the maximum value from their Microsoft technology investments. The combined ChinaSoft-Catapult organisation would offer numerous benefits to both companies. With the addition of Catapult's Gold and Silver competencies, the combined company will be one of the most accredited and certified Microsoft partner in the world immediately, raising ChinaSoft's visibility and credibility on a global scale. ChinaSoft would be able to broaden its service offerings globally while Catapult Systems can leverage ChinaSoft's scale, offerings, financial resources, and global footprint to help fuel its growth in the U.S. and abroad. Catapult Systems, Inc. provides information technology consulting services. Chinasoft International Limited engages in the development and provision of information technology (IT) solutions services, IT outsourcing services, and training services.

Ketchum, Inc. (USA) acquired ICON International Communications (S) Pte Ltd (Singapore)
Deal Size: Unspecified Industry: Media consulting Date: November 2013
Leading global communications firm Ketchum, a unit of Omnicom Group, announced its acquisition of ICON International Communications, Singapore's largest independently owned public relations consultancy. "With an extraordinary growth trajectory, Singapore is a market of significant strategic importance to Ketchum's multinational client base, many of which have regional headquarters in the country, and it is vital that we continue to evolve our business in a way that complements their needs," said Rob Flaherty, senior partner and CEO of Ketchum. "We already work closely with ICON to service some of our largest and most geographically diverse clients in the Asia-Pacific region. Operating as part of one firm greatly enhances our combined ability to provide clients with local knowledge and international expertise, service and support." This acquisition further builds on Ketchum's significant expansion in the Asia-Pacific region in recent years, providing an even stronger platform from which to service global and regional clients. Ketchum, Inc. provides public relations, marketing, and corporate communications services worldwide. Ketchum ICON operates as a public relations firm.
Talus Holdings (USA) acquired TRAFFIQ, Inc. (USA)
Deal Size: Unspecified Industry: Media consulting Date: November 2013
Talus Holdings, LLC, the parent of Talus Labs, LLC, announced that it has acquired TRAFFIQ, an end-to-end digital media solution provider. Rooted in technology, TRAFFIQ is a full service digital agency capable of looking across the entire digital spectrum to recommend the best approach for clients, whether through display, search, mobile, video or social. "This acquisition will further enhance our presence and capabilities in the digital space," offers Jim Continenza, Executive Chairman of Talus Holdings. "TRAFFIQ's marketing strategies are a natural fit with Talus Labs, offering speed, scale and flexibility to our clients. Serving marketers, publishers and advertising agencies, we offer a full spectrum of media solutions designed to help clients thrive in the local marketplace." Talus Holdings is a principal investment firm. 

MWW Group, Inc. (USA) acquired Parys Communications Ltd. (UK)
Deal Size: Unspecified Industry: Media consulting Date: November 2013
MWW announced acquiring London-based Parys Communications, one of the best PR companies in the country. The acquisition is the first in a series of planned developments for MWW as it seeks to expand across Europe and other international markets. Effective immediately, Parys will change its name to MWW. The acquisition follows months of close collaboration between the two firms. “When we again became independent three years ago, one of our key goals of our leadership team was to grow into a true international agency,” says Michael Kempner, president and CEO of MWW, which bought itself back from Interpublic two years ago. Parys Communications operates as a public relations company. MWW Group, Inc. provides public relations and marketing communication services.

Prestariang Berhad (Malaysia) agreed to acquire 80% stake in Time Out Skills Academy Sdn. Bhd. (Malaysia)
Deal Size: $0.12 million Industry: HR consulting Date: November 2013
Prestariang announced that its wholly-owned subsidiary, Prestariang O&G S/B had acquired an 80% equity interest in Time Out Skills Academy S/B (TOS) for a total consideration of RM640,000. The Acquisition is intended for Prestariang’s future growth, focusing on business in providing skills training programs and high quality education inter alia operation and maintenance technician, pipefitters, control and automation technician, offshore catering crews, riggers, and roustabouts, materials planner / controller and mechanics / millwright in relation to the oil and gas and related industry. Time Out Skills Academy Sdn Bhd provides professionals and management consultancy services for training in the oil and gas sector. Prestariang Berhad provides information and communication technology (ICT) training and certification services in Malaysia.

The AME Group (USA) acquired Information Technology Architects, Inc. (USA)
Deal Size: Unspecified Industry: Healthcare consulting Date: November 2013
The AME Group, announced it acquired the assets of Information Technology Architects, an Evansville, IN-based Information Technology and Healthcare Consulting company. "We are excited to bring the talented staff and resources of Information Technology Architects, Inc. into our company," said Brent Williams, President of The AME Group. "We believe this will provide many benefits to our clients and employees. Our companies share many core values, including commitment to our clients, employees and communities." The AME Group is a 100 percent employee-owned Indiana-based managed technology services company. Since 1996, Information Technology Architects, Inc. has been a leader among healthcare I.T. consulting firms.
Bowers & Company Certified Public Accountants, PLLC (USA) merges with Poulsen & Podvin CPA, P.C. (USA)
Deal Size: Unspecified Industry: Consulting Date: November 2013
Bowers & Company CPAs, Syracuse, announced Thursday that it will double the size of its Watertown branch by merging with Poulsen & Podvin CPAs. The two Bowers offices will stay open as separate locations until next summer, when a new office will be opened to house both staffs. The full service tax, accounting and business consulting firm will employ a staff of about 30 employees in Watertown after the merger, including four new positions. Laurie J. Podvin, CPA and partner at Poulsen & Podvin, said clients will notice an expanded offering of accounting services at Bowers & Company after the merger. “We already do accounting for a lot of school districts and municipalities in Jefferson, Lewis and St. Lawrence counties, but this will give us the ability to expand south of Watertown to Syracuse,” Ms. Podvin said. “The experience of both firms here will help translate to more services.” P & P provides accounting, auditing, bookkeeping and payroll services. Bowers & Company CPAs, PLLC is a full service tax, accounting and business consulting firm located in Syracuse, NY.

Sword Soft Limited (UK) made an offer to acquire Charteris plc (UK)
Deal Size: $3.6 million Industry: IT consulting Date: November 2013
The Charteris Board and the Sword Soft Board are pleased to announce that they have reached agreement on the terms of a recommended cash offer to be made by Sword Soft for the entire issued and to be issued share capital of Charteris. The Offer values the entire issued and to be issued share capital of Charteris at approximately £2.26 million. Commenting on the Offer, Steve Vaughan, Chairman of Charteris said: "On behalf of the Board of Charteris and its staff, we are pleased with the agreement reached with Sword Soft. We consider this a good result for shareholders and look forward to a stronger future as a combined business." Charteris Plc provides business and IT consulting services primarily in the United Kingdom. Sword Soft is a specialised IT services company with a current headcount of 1 000+ staff. The company provides its clients with high added-value advisory and integration services.

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