Consulting Sector M&A Deals for week beginning 14th of July

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CBRE Group, Inc. (USA) entered into a definitive agreement to acquire Preuss Gesellschaft mbH (Germany)
Deal Size: Unspecified Industry: Management consulting / Strategy Date: July 2014

CBRE Group, Inc., is strengthening its presence in Germany by signing a deal to acquire Preuss Gesellschaft mbH and its subsidiaries. This represents CBRE’s second acquisition in this country this year after the purchase of the real estate technical consulting firm — VALTEQ Gesellschaft mbH – in February this year. Subject to the German regulatory nod, this acquisition of Preuss, a company that is engaged in project management of new real estate development and overhaul of large properties, is expected to close by the end of third-quarter 2014. Founded in 2003 by Dr. Norbert Preuss, the company has a team of around 100 professionals comprising architects, civil engineers and HVAC engineers and has offices in Munich, Berlin, Frankfurt and Dusseldorf. The buyout is a strategic one for CBRE, given the prospects for solidifying the company’s building consultancy offering in this major market. Notably, the other acquisition – VALTEQ – broadened CBRE Group’s consultancy platform in Germany and diversified its service offerings and brought on board VALTEQ’s team of professionals comprising civil engineers, architects, economists, geologists and service technicians. CBRE Group, Inc. operates as a commercial real estate services and investment company worldwide.

Illumina Inc. (USA) acquired Myraqa (USA)
Deal Size: Unspecified Industry: Healthcare consulting Date: July 2014

Illumina announced its acquisition of Myraqa, a consulting firm specialising in the regulatory strategy surrounding in vitro diagnostics, particularly companion diagnostics. Myraqa offers application support, including PMAs, pre-submissions, IDEs, 510(k)s, de novo 510(k)s, and EU technical files. The acquisition will bolster Illumina’s in-house capabilities for clinical readiness and help prepare for its next growth phase in regulated markets, the company said in a press release. “Under Mya Thomae, Myraqa is recognised as the leader in regulatory and quality matters in molecular diagnostics,” said Rick Klausner, M.D., Chief Medical Officer of Illumina in the announcement. “With Myraqa, Illumina will continue to pave the way for the use of genomic technology, including next-generation sequencing, in regulated markets while also driving standards for use in the clinic. Illumina, Inc. develops, manufactures, and markets life science tools and integrated systems for the analysis of genetic variation and function in North America, Europe, Latin America, the Asia-Pacific, the Middle East, and South Africa.

Marsh, Berry & Company, Inc. (USA) acquired Gill and Roeser Holdings, Inc. (USA)
Deal Size: Unspecified Industry: Management consulting / Strategy Date: July 2014

Marsh, Berry & Co. Inc. acquired substantially all of the assets of New York-based Gill & Roeser Inc., Willoughby, Ohio-based MarshBerry. MarshBerry is a merger and acquisition advisory and consulting firm to the insurance sector, including insurers, distributors and ancillary services. Gill & Roeser is an independently owned boutique investment banking and reinsurance intermediary firm and capital management adviser to the insurance industry, providing capital management strategies and reinsurance services such as brokering, program structures, alternative markets, risk pooling, valuations, capital raising, and merger and acquisition consulting services. “We already provide management consulting and M&A consulting services,” said MarshBerry President John Wepler in an interview with Business Insurance. “In order to expand that practice, we wanted to acquire Gill & Roeser because of their background. It helps us expand our team in one of our many niches, which is the insurance company and MGA practice. It expands us to six full-time employees in that niche with a national presence.” Marsh, Berry & Company, Inc. (MarshBerry) provides consulting and investment banking services.

CBRE Group, Inc. (USA) acquired PKF Consulting, Inc. (USA) and PKF Hospitality Research, Inc (USA)
Deal Size: Unspecified Industry: Management consulting / Strategy Date: July 2014

The acquisition of PKF Consulting USA, LLC, a leading advisory, consulting and research firm specialising in the lodging industry, significantly strengthens CBRE’s objective of becoming the top global intermediary in hospitality services. Headquartered in San Francisco, PKF Consulting USA (PKFC) serves a broad range of clients, including hotel owners and operators, financial institutions, real estate developers, investors, product and service providers to the industry, and governmental agencies. Its key services include real estate appraisals, litigation support and expert testimony, market and financial feasibility studies, spa and wellness consulting, purchase price allocations, asset recovery services, and impact studies. In addition, PKF Hospitality Research (PKF-HR) produces the oldest and most comprehensive source of hotel financial information in the United States, called Trends® in the Hotel Industry. The company also publishes Hotel Horizons®, a quarterly report that analyses the historical and expected performance of 55 major U.S. lodging markets. Using its extensive databases, PKF-HR offers financial benchmarking, custom market research, and econometric forecasting services. These premier research tools add to CBRE arsenal of highly sophisticated, data-driven advisory services. CBRE Group, Inc. operates as a commercial real estate services and investment company worldwide.

Q-Free ASA (Norway) signed a share purchase agreement to acquire Open Roads Consulting, Inc. (USA)
Deal Size: Unspecified Industry: IT consulting Date: July 2014

Open Roads Consulting, Inc. (Open Roads) a technology and services supplier to the Intelligent Transportation Systems (ITS) and Security markets, has signed a definitive agreement to be acquired by Q-Free, a leading global supplier of ITS products and solutions, including Road User Charging (RUC) and Advanced Transportation Management Systems (ATMS). “Open Roads Consulting is a company with a strong market position in the US. Teaming up with Q-Free will strengthen our current position, in addition to provide a global reach for our products. We are very excited about the future opportunities and we are looking forward to be working with Q-Free,” says Founder and President Barbara Skiffington. Headquartered in Chesapeake Virginia with regional offices in Austin, TX and Cary NC, Open Roads has over 70 employees and operates mission critical traffic deployments and video based surveillance of critical assets in 30 states across the US. With a core ITS business focused on ATMS and traveler information systems, Open Roads has helped transform traffic operations to increase mobility and travel efficiency. For over a decade, Open Roads has provided quality solutions and superior service to advance real-time transportation systems management and operations at the federal, state, and local levels. Open Roads has recently reached international markets with deployments in the Middle East and Mexico. Becoming part of the Q-Free team will enable Open Roads to offer new products and services to the North American market and further expand its international footprint. “The world’s biggest market for Road User Charging and Traffic Management is in the US. The acquisition of Open Roads Consulting will provide an organisational platform for further penetration into the US market in all of our three business areas ATMS, RUC/Tolling and Managed Services. This addition to our portfolio will increase both cost and revenue synergies for the existing Q-Free activities in the US, and is an important step for Q-Free to become a fully-fledged ITS supplier,” says CEO Thomas Falck. Q-Free ASA supplies products and solutions within intelligent transport systems for road user charging and advanced transportation management system worldwide. Open Roads Consulting, Inc. provides intelligent transportation systems and critical asset protection solutions for federal, state, and local government clients to operate and manage their critical assets.

ENABIL Solutions Ltd. (Canada) acquired Tarshan LLC (USA)
Deal Size: Unspecified Industry: IT consulting Date: July 2014

ENABIL Solutions announces the successful conclusion of the acquisition of Tarshan LLC. Tarshan, led by JK Chelladurai, is an industry leading provider of professional consulting services and solutions for the Communications BSS/OSS market specialising in the Oracle Communication Suite of products. With operations in US and India, Tarshan has built a highly cost-effective yet personalised service offering a combined on-site/off-shore delivery model. ENABIL’s core strength lies in Cloud-Based Managed Services with a distinct focus on Customer and Revenue Management solutions. Entrusted to provide mission-critical services, ENABIL has earned a solid reputation by delivering flexible, innovative, business-driven solutions that build lasting partnerships. The addition of Tarshan significantly extends ENABIL’s core capabilities to offer larger-scale consulting and systems integration services in the global marketplace and meet the growing need for expertise with the converging Oracle Communications Suite of products. “The acquisition of Tarshan was an easy decision for us,” says James Korth, CEO of ENABIL. “Tarshan has focused on the Billing and OSS market through specialisation across the Oracle Communications Suite of products, which is directly aligned to ENABIL’s market strategy. This acquisition provides ENABIL with the additional expertise and resources necessary to support the demand for ENABIL’s cloud-based services and solutions, and will accelerate ENABIL’s expansion into new system integration, solution development and staff augmentation opportunities across the Oracle Convergent Charging footprint.” ENABIL is a privately-held technology and professional services organisation headquartered in Calgary, Alberta, Canada with offices in Vancouver, Phoenix, New York and Bangalore, India. ENABIL has over 20 years of experience serving the Customer and Revenue Management (CRM) needs of a growing roster of industry-leading Communication Service Providers.

Arthur J Gallagher & Co. (USA) acquired Foundation Strategies, Inc. (USA)
Deal Size: Unspecified Industry: HR consulting Date: July 2014

Founded in 1996, Foundation Strategies, Inc. (FSI) is an employee benefits broker and consultant that offers a wide range of group employee benefit products and consulting services for their primarily mid-to-large clients in the south central United States. They specialise in the strategic development, design and implementation of employee benefit plans as well as communication, enrollment and insurance management services. Shelly Coonrod, Charles Coonrod and their colleagues will continue to operate in their current location under the direction of John Neumaier, leader of Gallagher’s south central employee benefits consulting and brokerage operations. “For nearly 20 years, FSI’s team of experts have been providing effective benefit strategies that support and service the overall benefit goals of their clients,” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “Their client-focused sales culture, extensive expertise and Houston-area presence will be a terrific complement to our employee benefits south central operations. We are pleased to welcome Shelly, Chic and their associates to our growing Gallagher family of professionals.” Arthur J. Gallagher & Co., together with its subsidiaries, provides insurance brokerage and risk management services in the United States and internationally.

TMF Group B.V. (Netherlands) signed an agreement to acquire KCS Limited (Hong Kong)
Deal Size: Unspecified Industry: Management consulting / Strategy Date: July 2014

TMF Group, a leading provider of high value Outsourced Business Services to clients operating and investing globally, is pleased to announce it has agreed to purchase KCS Limited – the leading independent pan-Asian corporate services provider specialising in corporate accounting, corporate secretarial and payroll services – from UCL Asia Partners, L.P. The acquisition will strengthen TMF Group’s existing platform in Asia Pacific, increasing the breadth and depth of TMF Group’s Outsourced Business Services offering in the region and enabling significant future growth. Hugo van Vredenburch, Chief Executive of TMF Group, added:
“Asia Pacific is a key growth area for our business. This acquisition builds on our existing portfolio of services and provides an excellent operational fit, with KCS Limited and TMF Group providing critical and high value-add Outsourced Business Services from many of the same locations. […] The transaction will bring significant benefits to both our businesses and extend TMF Group’s reach in the Chinese market, giving us unrivalled service capability in the region. I am delighted to welcome Tom and the team to TMF Group and look forward to working with them.” TMF Group B.V. provides accounting, legal, and human resource (HR), and payroll services to businesses worldwide. KCS Limited, a corporate services company, provides corporate accounting, corporate secretarial, payroll, trust and wealth advisory, and tailored services and solutions for the asset management industry in Asia and intentionally.

Allegis Group, Inc. (USA) acquired the remaining stake in Talent2 International Ltd. (Australia)
Deal Size: Unspecified Industry: HR consulting Date: July 2014

Allegis Group has confirmed it has finalised the acquisition of Talent2 in the APAC region. The acquisition opens doors for the company in new and global geographic markets. The acquisition of Talent2 cements Allegis Group’s footprint in the Asia Pacific region. With Talent2’s strong presence in the Asia Pacific region combined with Allegis Group’s dominant position in North America and growing presence in the Europe Middle East Africa (EMEA) region, the organisation now has a true global reach. In the Asia Pacific region, customers will benefit from the strength and expertise of Allegis Group’s global network of specialised companies. Local teams will be able to deliver to customers where they are, offering the right kinds of skills and services to best suit their needs. As part of Allegis Group, Talent2 is looking to further strengthen its business in the Asia Pacific region by seeking talent to join the organisation. This means actively recruiting to fill a number of key roles in the region with individuals who can help build a long-term business. Current leadership and staff will work together to ensure Talent2 and Allegis Group continue to provide best in class service to clients and candidates around the globe. Talent2 International Limited provides human resource advisory, payroll, recruitment, and learning services. Allegis Group, Inc., through its subsidiaries, provides staffing and recruiting solutions to a range of industries in the United States and internationally.

Schaaf PartnerCentric, Inc. (USA) acquired Paulson Management Group, Inc. (USA)
Deal Size: Unspecified Industry: Marketing consulting Date: July 2014

Schaaf-PartnerCentric, a leading affiliate program management agency, has recently announced that they have acquired Paulson Management Group, Inc. Heather Paulson, President of Paulson Management Group, said, “I’m pleased to support this acquisition to the benefit of all PMG clients and associates. Brook Schaaf and his associates will continue our service offerings by enriching a legacy that was born out of passion and will continue to thrive under Schaaf-PartnerCentric management and guidance.” This is a major advancement for the already rapidly growing affiliate company. In 2013, Schaaf-PartnerCentric reported that their retail clients have enjoyed an average year-over-year growth in revenue of 171%, with the average cost per sale dropping by an impressive 26%. Paulson Management Group, Inc., an eMarketing management and Internet consulting company, provides affiliate management solutions. Schaaf-PartnerCentric, Inc. offers outsourced affiliate program management services for online merchants.

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