Consulting Sector M&A Deals for week beginning 4th August

businessman doing handstand on the beachKPMG LLP (USA) acquired Workday Consulting Practice from AXIA Consulting, LLC (USA)
Deal Size: Unspecified Industry: IT consulting Date: August 2014
The acquisition strengthens KPMG’s capabilities around alliance partner, Workday, a provider of enterprise cloud applications for finance and human capital management. Adding AXIA’s Workday team to KPMG’s delivery capabilities further elevates the firm’s position as a leader in global business transformation enabled by Workday. Stephen Lis, KPMG’s U.S. leader for Management Consulting, commented on the acquisition, stating, “We are very pleased to welcome AXIA’s Workday consulting team members to the KPMG family. Their team has quickly become a ‘go-to’ partner for payroll, data conversion and integrations with Workday services, and we are looking forward to leveraging their expertise as we continue to bolster our strong position in the important Finance and HR Transformation market.” Stephen Chase, KPMG’s service line leader for Technology, added, “Adding the deep and focused IT experience of these professionals to our Enterprise Solutions practice significantly advances our ability to address clients’ technology enablement and enterprise transformation needs. In turn, AXIA’s Workday professionals now have access to the extended capabilities that KPMG provides to the Software-as-a-Service (SaaS) Enterprise Resource Planning marketplace.” Chase concluded, “We are happy to have them on board as we work with clients to successfully plan for, select, design, integrate, and implement SaaS-based solutions.” AXIA Consulting, LLC., a consulting company, provides technology and business consulting services to local middle-market and Fortune 500 companies, as well as government agencies. KPMG LLP provides assurance, tax, and financial advisory services.

Clif Bodiford CPAs (USA) merges practice into Scott and Company CPAs (USA)
Deal Size: Unspecified Industry: Management consulting / Strategy Date: August 2014
Columbia-based Clifton Bodiford CPA’s has merged its practice into Scott and Company LLC, and will operate under the Scott and Company brand, effective immediately. Former Founder and Bodiford CPA firm principal Clif Bodiford and Dave Bodiford both join Scott and Company under the terms of the deal. Both companies provide audit and assurance, tax and a range of consulting services to clients across the Southeast and internationally. “We have known and respected the Scott and Company leadership team for years, and we knew that our client service commitment, professionalism and cultures of the two firms were highly compatible,” said Clif Bodiford in announcing the merger. “Combined, we look forward to providing additional resources and capabilities to our clients while continuing to deliver exceptional accounting, tax and assurance services. We are excited about the depth and talents that the combined Scott and Company firm can offer.

CBRE Group, Inc. (USA) acquired CBRE | Louisville (USA)
Deal Size: Unspecified Industry: Management consulting / Strategy Date: August 2014
CBRE Group, Inc. announced that it has acquired CBRE | Louisville, a commercial real estate services firm that has served as CBRE’s affiliate in metropolitan Louisville, Kentucky and southern Indiana since 1996. CBRE | Louisville is one of the Louisville region’s leading providers of leasing, investment sales, property management and consulting services. The firm, led by Managing Director David Hardy and his partners, Kevin Grove and Robert Schwartz, has a staff of 34 and manages more than 10 million square feet in the region. Louisville is a growing business center in the Midwest, with a diversified economy that includes several Fortune 500 and many middle-market companies. Employment in the manufacturing and logistics sectors has been a strong growth driver in the region, along with the health care sector and the medical science industry, which has contributed significant advancements in both heart and hand surgery. Downtown Louisville continues to experience a strong growth period with numerous multi-million dollar construction and renovation projects under way. CBRE Group, Inc. operates as a commercial real estate services and investment company worldwide.

Accenture plc (Ireland) entered into an agreement to acquire Hytracc consulting AS (Norway)
Deal Size: Unspecified Industry: Management consulting / Strategy Date: August 2014
Accenture has entered into an agreement to acquire Hytracc Consulting, a specialist consulting company that designs and implements hydrocarbon production data management and accounting solutions that help oil and gas companies achieve greater value by more effectively tracking, managing and delivering hydrocarbons from the wellhead to the sales meter. The transaction will expand Accenture’s upstream production management solutions and services portfolio. “Hytracc’s specialist skills together with Accenture’s deep technology and production management capabilities will offer a powerful combination to oil and gas companies seeking to increase rigor and accountability in hydrocarbon accounting solution deployment,” said Andrew Smart, energy industry managing director for Accenture. “This transaction will further enhance our commitment to becoming the provider of choice for upstream production management services.” Accenture is a global management consulting, technology services and outsourcing company, with more than 293,000 people serving clients in more than 120 countries. Hytracc is the world’s leading skill centre for the hydrocarbon supply chain. Hytracc designs and implements state-of-the-art hydrocarbon management solutions for the oil and gas industry.

David Evans and Associates, Inc. (USA) acquired Hall & Foreman, Inc. (USA)
Deal Size: Unspecified Industry: Engineering consulting Date: August 2014
David Evans and Associates, Inc. (DEA) expanded its presence in Southern California by merging with Hall & Foreman, Inc., an 85-person, multidisciplinary design firm headquartered in Tustin, Calif. DEA Chairman and CEO Al Barkouli said “The merger provides us with the opportunity to more than double our staff in Southern California. Hall & Foreman’s strong presence in the greater Los Angeles area will complement our existing offices in Los Angeles, Ontario, San Diego, and Santa Barbara, and enable us to offer our public and private clients additional resources and a comprehensive suite of services.” Hall & Foreman CEO John Hogan said “Hall & Foreman provides engineering services to a variety of municipalities, public agencies, private builders and developers. Joining David Evans and Associates, Inc. will allow us to further strengthen our service offerings to our clients and will enable our employees to continue expanding their professional experience by working within the context of a broader team. This means increased resources for clients with infrastructure and development projects across Southern California.” Founded in 1961, Hall & Foreman provides a full complement of civil engineering services for projects as diverse as private development and public infrastructure. David Evans and Associates, Inc. engages in the design and management of transportation, land development, water resources, and energy projects in the United States.

Deloitte & Touche LLP (Canada) acquired Visser Consulting, Ltd. (Canada)
Deal Size: Unspecified Industry: Environmental consulting Date: August 2014
Deloitte announced that it has acquired Visser Consulting Ltd., a leading provider of regulatory, safety and environmental compliance services to energy companies in Western Canada. The expanded Regulatory, Safety & Environment group positions Deloitte as a leader in helping energy companies meet the regulatory requirements for safety, compliance, emergency response, pipeline integrity, waste tracking and the environment. “Visser has a long and well-established track record of providing integrated regulatory and safety services to the energy sector,” said Paul Zonneveld, Enterprise Risk Services Leader for Western Canada and Global Leader for Energy & Resource Risk Services. “In recent years, the industry has experienced a dramatic increase in activity, resulting in greater safety and regulatory compliance issues, which are also becoming increasingly complex. Bringing in a seasoned team of regulatory and safety professionals enables us to better meet the needs of energy companies.” This is Deloitte’s eighth acquisition since early 2013. “Acquisitions are an important part of our overall growth strategy, and this one is no exception,” said Alexandre Baril, Deloitte’s Corporate Development Officer. “So far this year, we’ve acquired an R&D tax firm, a crisis management boutique and a legal document review company.” Each acquisition demonstrates Deloitte’s commitment to providing integrated services that help its clients respond to the most significant challenges and opportunities facing their business. Deloitte & Touche LLP (Canada) provides assurance, auditing, and financial advisory services.

Arthur J Gallagher & Co. (USA) acquired Denman Consulting Services, Inc. (USA)
Deal Size: Unspecified Industry: HR consulting Date: August 2014
Arthur J. Gallagher & Co. announced the acquisition of Denman Consulting Services in Denver, Colorado. Denman Consulting Services offers employee benefit brokerage and consulting services for their clients throughout the western United States. They specialise in group health and welfare, voluntary benefits and wellness plans with an emphasis on planning, design, implementation, regulatory compliance and cost containment for group businesses. “Over the last 27 years, Denman Consulting Services has developed a strong team with the experience and expertise in providing the latest solutions for their clients’ employee benefit needs,” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “This team’s solid growth is a tribute to their entrepreneurial culture and their focus on quality client service. They will be a wonderful complement to our employee benefits operations, and we are pleased to welcome Bill, Jim and their colleagues 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.

Clough Limited (Australia) acquired CH-IV International LLC (USA)
Deal Size: Unspecified Industry: Engineering consulting Date: August 2014
Jeffrey P. Beale, President of CH-IV International, is pleased to announce that Clough Limited has acquired a 100% shareholding of CH-IV. The acquisition will provide Clough with a platform to enter the North American LNG market, while providing resources to assist CH-IV to meet the growing demand for their services. Clough is a market leader in the provision of LNG engineering and project services in the Australian and Papua New Guinea market. The company provides engineering, construction, commissioning and brownfields services to some of the worlds largest energy companies and has been present on every LNG project undertaken in the Australian and PNG in recent years. Today Clough employs a workforce of nearly 4,000 people across Australia, Papua New Guinea, Asia, United Kingdom and Africa. CH-IV specialises in the provision of LNG engineering and consulting services to the global LNG sector, and is well positioned in the U.S. LNG market, having worked on nearly every LNG project filed for permit in the region in recent years. CH-IV International, LLC provides engineering and consulting services to liquefied natural gas (LNG) asset developers, regulators, facility owners, operators, and lenders. Clough Limited provides engineering, construction contracting, and procurement and construction services primarily to the oil and gas, and minerals sectors in Australia, Papua New Guinea, and South East Asia.

Siili Solutions Plc (Finland) acquired Avaus Consulting Oy (Finland)
Deal Size: Unspecified Industry: Marketing consulting Date: August 2014
Siili Solutions Plc has acquired the full ownership of Avaus Consulting Oy, a company specialised in digital service design and development, as well as its subsidiary in Wroclaw, Poland. The new company is a leading provider of digital services and solutions in Finland with a strong foundation for internationalisation. ”Avaus is an innovation partner of the digital age – one who designs and delivers success stories to its customers through creative business design, modern technologies and data analytics. Together with Siili, we’ll be over 300 professionals and a true digital services ‘Power House’, which means we can serve our customers better than ever”, states Tom Jacobsson, CEO, Avaus Consulting. ”The rapidly progressing digitalisation accelerates the demand for innovative digital services. Through the acquisition of Avaus Consulting’s expertise, we establish ourselves as a leading digital services design partner and modern system integrator. Avaus Consulting is a natural continuum to Siili’s strategic acquisitions. From competence point of view, Avaus Consulting is a perfect match, strengthening Siili’s service design, business-driven solution architectures design and analytics. Moreover, Avaus’ operations in Poland are a good platform for internationalisation to Central Europe”, explains Seppo Kuula, CEO, Siili Solutions Plc. Avaus Consulting Oy operates as a strategy, marketing, and technology consultancy company. Siili Solutions Oyj operates as an IT company in Finland.

Haystax Technology, Inc. (USA) acquired NetCentrics Corporation (USA)
Deal Size: Unspecified Industry: IT consulting Date: August 2014
Haystax Technology Inc., a cloud computing solutions developer, has announced its acquisition of NetCentrics Corporation, a federal and defense cybersecurity provider. “Since founding NetCentrics almost 20 years ago, we’ve worked to offer top-notch technical solutions to our clients and create a corporate culture that has strong core values and a commitment to employees,” shared Bob Dougherty, CEO, NetCentrics, in a press release. “We look forward to extending our culture to Haystax and building an environment where creative thinking, imaginative engineering and thoughtful leadership will take our combined organisation to new levels.” The companies believe, as a single entity they can enhance their provision of cybersecurity specialising in big data analytics, cloud computing, IT infrastructure modernisation, real-time threat assessment and secure mobility solutions. Haystax Technology, Inc., a technology company, provides data analytics software products and services for threat and risk analysis and monitoring. NetCentrics Corporation, an information technology (IT) consulting, software development, and process management firm, specialises in network design, installation and management, information assurance, software development, and process improvement.

The Hilb Group, LLC (USA) acquired The Martin Agency, Inc. (USA)
Deal Size: Unspecified Industry: Marketing consulting Date: August 2014
The Hilb Group, LLC is pleased to announce the acquisition of The Martin Agency, Inc. with offices in Danville, KY, Celebration, FL and Ormond Beach, FL. The transaction was effective August 1st, 2014. TMAI will continue to operate at its current locations under the leadership of John Carrithers. TMAI represents THG’s continued expansion in the state of Florida and its initial expansion into the Commonwealth of Kentucky. Founded in 1989, TMAI has focused on providing excellent service to both commercial and personal lines clients. Robert J. Hilb, President and CEO of THG commented, “We’re very excited to continue our expansion in 2014. Angie Martin and her family have built a firm that focuses on customers first originally in their home of Danville Kentucky and later in Florida and that focus fits perfectly into the Hilb Group culture. We’re delighted to welcome Angie, John Carrithers and their team to THG.” The Martin Agency, Inc. is a strategic and creative advertising agency in the United States. The Hilb Group, LLC provides insurance brokerage services.

Valtech SA (France) acquired Neon Stingray Private Limited (Australia)
Deal Size: Unspecified Industry: Marketing consulting Date: August 2014
Valtech S.A., the leading independent European company in digital and technology marketing, has completed the acquisition of Sydney and Stockholm based Neon Stingray. Neon Stingray is a digital technology consultancy, specialising in Content Management and Digital Asset Management technology with very strong capabilities and industry highest standards in video technologies and connected objects delivering digital entertainment and brand content experiences. Neon Stingray helps companies and brands build their capability through company-wide digital frameworks, which create, manage and optimise measurable digital experiences delivered across all digital channels from web to mobile. Neon Stingray’s clients include Qantas Airlines, Foxtel, Telstra, Google as well as some of the leading companies from media & entertainment and retail in Australia and the Nordics. Founded in 2010, Neon Stingray has offices in Stockholmand Sydney. Joining Valtech will give Neon Stingray access to its global reach and full digital marketing and technology delivery capabilities. It will add greater value to Neon Stingray’s clients and provide a platform for the development of the Group’s strategic consulting services and technology offerings. Valtech SA operates as a technology and digital marketing agency in France and internationally.

Nippon Koei Co. Ltd. (Japan) made a recommended cash offer to acquire Hyder Consulting PLC (UK)
Deal Size: Unspecified Industry: Engineering consulting Date: August 2014
Japanese engineering consultant Nippon Koei UK Topco is to acquire Hyder Consulting in a deal worth £268.1M. The deal comes just days after Hyder had agreed a bid from Dutch engineering and consultancy group Arcadis. Hyder’s board said Nippon Koei’s cash offer “substantially recognises Hyder’s growth prospects”. As a result it is recommending that offer. Hyder works in a number of market sectors covering utilities, environment, energy, property, resources, technology and transport. The utilities business includes water and wastewater systems, flood management, coastal and marine engineering, and energy engineering. If the takeover is approved, Hyder is expected to become a standalone division with Nippon Koei UK Topco, a wholly owned subsidiary of Nippon Koei Co. Nippon Koei said its strategic vision is to become a “top tier global engineering consultancy”. The combination of its business with that of Hyder’s represents an opportunity to accelerate significantly that intent. Hyder Consulting PLC, a design and engineering consultancy company, provides infrastructure, property, and environmental solutions. Nippon Koei Co., Ltd., together with its subsidiaries, provides engineering consulting and electric power engineering services in Japan and internationally.

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