Equiteq sells behavioural assessment and development consultancy to PSI Services LLC
Equiteq, a global consulting and IT services sector M&A specialist, is pleased to announce the sale of the UK based A&DC Group (“a&dc”) to PSI Services LLC headquartered in California. Equiteq acted as exclusive financial advisor to a&dc. The transaction completed on June 5, 2017.
As leaders in behavioural assessment and development, a&dc provides consultancy services and a comprehensive range of ready-to-use, tailored and bespoke products across the talent management spectrum. a&dc makes a measurable difference to business performance by using behavioural assessment to select great talent into every role, develop leadership behaviours that enhance business results, and engage and motivate people to deliver at their best.
“This acquisition will continue PSI’s growth strategy, further strengthening our core Talent Assessment offering. The a&dc suite of assessment and development products enhance our industry leading portfolio even further, placing disruptive and experiential assessment tools at the fingertips of HR professionals worldwide. Coupled with our leading edge technology, we will continue to drive innovative assessment solutions and enhance how our customers select and develop their workforce” says Steve Tapp, President and CEO at PSI.
Nigel Povah, CEO of a&dc commented “When I started a&dc 30 years ago, I was passionate about providing great assessment and development content. The a&dc portfolio – with over 250 assessments – will continue its journey alongside PSI’s assessment technology, which will drive the delivery of our robust assessment content into the digital era.”
Nigel Povah, also confirmed the role Equiteq played in completing this transaction: “Equiteq provided an invaluable level of service and support throughout this process and I was most impressed with the level of commitment and professionalism displayed by the team.”
Gabriela Silvestris, Director in Equiteq’s London office, commented, “a&dc are the leaders in behavioural assessment and development with an impressive product portfolio in this field. The synergistic and strategic fit between a&dc and PSI was immediately apparent. We have thoroughly enjoyed working with the shareholders of a&dc and we are delighted about the outcome of this transaction. We wish both parties a successful future together.”
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