Equiteq advises Myrtle Consulting Group, a leading manufacturing, operations, and supply chain consultancy, on its sale to Accenture
“We could not be happier with the result Equiteq helped us to achieve. The Equiteq team, led by Adam Tindall, were the perfect partner to represent Myrtle in the most important transaction of our lives”Edwin Bosso, Founder and CEO Myrtle Consulting Group
Myrtle Consulting Group (“Myrtle”), a preeminent operations consulting company headquartered in Houston, announced on October 9, 2020 that it has been acquired by Accenture, the Fortune 500 global professional services firm traded on the New York Stock Exchange.
Myrtle works with leading brands across consumer products, chemicals, mining, life sciences, and other manufacturing-intensive industries to transform their production and distribution to deliver sustainable performance improvements and efficiencies.
Myrtle is partnering with Accenture’s Industry X to build on its leading position in the manufacturing, operations, and supply chain consulting market. The acquisition strengthens Accenture’s ability to transform clients’ manufacturing, operations, and supply chains from the initial assessment to implementing new processes and technology solutions.
"Becoming part of Accenture Industry X allows us to combine our frontline operational expertise with enhanced global reach and superior digital capabilities. We are excited about the opportunity to bring world-class, end-to-end transformation solutions to clients of ours and Accenture," said Edwin Bosso, Founder and CEO of Myrtle.
Equiteq acted as exclusive financial and strategic advisor to Myrtle. Regarding Equiteq’s role in the transaction, Founder and CEO Edwin Bosso said, “Equiteq’s deep experience in our space, coupled with their tailored approach to M&A, were key points of differentiation as we evaluated Equiteq alongside several other, well-respected investment banks. The Equiteq team exceeded our expectations, navigating us through the various complexities of the M&A process and the uncertainty surrounding COVID19. We are thrilled with the outcome they helped us achieve, and more importantly, the home they found us at Accenture to accelerate the growth of our business, serve our clients, and create opportunities for each member of our team.”
Adam Tindall, Managing Director of Equiteq’s North America practice, commented, “It has been an honor working with the Myrtle team. They have done an exemplary job at constructing a leading manufacturing, operations, and supply chain consulting firm with an enduring culture focused on empowering the people and communities it serves. We’re thrilled to help facilitate the next chapter in the company’s growth with Accenture. We wish the combined team great success.”