Press release

Equiteq advises Future State on its sale to Accenture

February 02, 2021

Equiteq, the leading M&A advisory firm for companies in the Knowledge Economy, is pleased to announce that it has advised Future State, an organizational change management consulting firm, on its sale to Accenture, a leading multinational professional services company.

Headquartered in Oakland, CA,  Future State’s 75-person team joins the Talent & Organization / Human Potential practice at Accenture, adding highly specialized expertise focused on agile business transformation.

Future State makes ideas and innovation real for clients within the life sciences, CPG and technology industries, through expert planning, intuitive communication, team coaching and empathy. This innovative approach — along with strong credentials in product development enablement, business growth and post-merger integration — add new methodologies that expand Accenture’s existing C-suite offerings. Future State, a certified B Corp, is also widely recognized for its commitment to corporate social responsibility, and was selected by B Lab as a “Best for the World Changemaker” honoree in 2019.

Eva Sage-Gavin, global lead for Accenture’s Talent & Organization / Human Potential practice said,  “As the ongoing health, economic and social crises have demonstrated, disruption is constant and companies must adapt to thrive and grow. By adding the experience and talent of Future State, Accenture is expanding its capabilities to help clients in their business transformation journeys as they navigate a rapidly changing world.”

Shannon Adkins CEO of Future State said, “The clients we work with are changing the world, and that kind of innovation doesn’t happen using standard models, nor does it happen by standing still. Joining Accenture enables us to scale our value proposition by unleashing the unique talents of our design-thinkers and design-doers to help more clients pursue their extraordinary visions that aim to positively impact the world.”

Equiteq acted as exclusive financial and strategic advisor to Future State. Regarding Equiteq’s role in the transaction, CEO Shannon Adkins said, “The Equiteq team guided Future State over several years to support us in increasing firm value, and then throughout the M&A process to position our business for the best possible outcome for our employee owners.   They met every challenge with creativity, compassion and determination. I could not be more impressed with the integrity, work ethic, and expertise that the team brought to every step of the process, and give them my strongest endorsement and recommendation. ”

Jeff Becker Managing Director, Head of M&A - North America, commented, “We are thrilled to have been able to negotiate this transaction on behalf of Future State and believe that partnering with Accenture will be a great fit for the company and its employees.  We have watched and helped the company evolve and grow over time, and the very high quality of the business and preparation enabled us to smoothly navigate Future State through the process towards this tremendous outcome.    This transaction is the perfect example of why we love being in the M&A advisory business.”

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