Equiteq is pleased to announce that it has advised HRC Retail Advisory, a leading retail-focused strategy consultancy, on its sale to Accenture’s Retail Strategy group.
HRC Retail Advisory is a retail-focused strategy consultancy with critical in-demand skills and solutions to help clients across the retail value chain — from customer-centric merchandising and omnichannel capabilities to the evolving store footprint and creating high-performance organizations. With its highly focused set of skills and capabilities for strategy consulting, benchmarking, retail performance improvement, analytics and organizational design, HRC Retail Advisory has an extensive track record for helping large retailers improve profitability and working capital, while better meeting growing customer, employee and investor expectations.
HRC Retail Advisory’s team of more than 30 people across North America will join Accenture’s Retail Strategy group, expanding its capabilities for helping clients leverage the power of technology to transform their businesses.
“Joining Accenture will give our clients access to a global set of retail strategy and performance improvement solutions to help navigate ongoing disruption,” said Antony Karabus and Farla Efros, CEO and President, HRC Retail Advisory, respectively. “We have a shared vision for helping retailers adapt their business models to meet expanding customer demands, strengthen balance sheets, modernize infrastructures and scale their digital capabilities effectively.”
Regarding Equiteq’s role in the transaction Antony Karabus (CEO) and Farla Efros (President) said: “Selecting Equiteq to advise us on the sale of HRC Advisory to Accenture was the best decision we could have made. The Equiteq team, led by Adam Tindall, took the time to understand the nuances of our business and the needs of our key stakeholders, and they delivered an outstanding result that sets HRC Retail Advisory and Accenture up to become the preeminent market leader in the retail consulting sector. Equiteq’s knowledge of the market, relationships with the best potential acquirers, technical transaction expertise, emotional intelligence and unwavering tenacity exceeded expectations throughout the process. We could not be happier with the result and would highly recommend Equiteq to any business owner considering the sale of their consulting business.”
Adam Tindall, Managing Director at Equiteq said: “HRC is a highly differentiated and leading player in the retail consulting sector, and we are honored to have been given the opportunity to advise the firm on this transaction with Accenture. From the outset it was evident that the strategic and cultural fit between HRC and Accenture was compelling, with immediately realizable revenue synergies. We wish the combined team the very best of luck for the future.”
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