Consulting Sector M&A Deals for week beginning 18th of August

businessman doing handstand on the beachMulticonsult AS (Norway) to acquire Polish business from WS Atkins plc (Poland)
Deal Size: $4.6 million Industry: Engineering consulting Date: August 2014
Design, engineering and project management consultancy WS Atkins plc said Monday that it agreed to sell its Polish business to Multiconsult AS, a Norwegian multidisciplinary consultancy and design business, for a cash consideration of 2.8 million pounds or 3.5 million euros. Prof Dr Uwe Krueger, chief executive officer of Ws Atkins plc, said: “The sale of our Polish business is a further step forward in the implementation of our strategy to optimise our portfolio of businesses, and focus our investment in markets where the Group can deliver profitable growth.” WS Atkins plc provides design, engineering, and project management consultancy services. WS Atkins plc, Polish Business provides design, engineering, and project management consultancy services. Multiconsult AS provides consulting and design services.

Energy Action Limited (Australia) acquired EnergyAdvice Pty Limited (Australia)
Deal Size: Unspecified Industry: Energy consulting Date: August 2014
Leading energy management company, Energy Action Limited, announced that it has acquired highly regarded energy consultancy business, EnergyAdvice Pty Limited. Established in 1997 by Mr Phil Randall, Energy Advice is a profitable, debt-free business with a core competency in energy procurement, contract management services and a speciality consultancy service. The company’s operations will complement Energy Action’s energy procurement and contract management offering and significantly strengthen EAX’s access to large energy load customers. EnergyAdvice has long term engagements with a blue-chip client list representing large commercial and industry energy consumers. These clients are highly complementary to Energy Action’s currently accessible market base. Energy Action Limited, together with its subsidiaries, provides integrated energy management services to the commercial and industrial customers in Australia.

Ameresco, Inc. (USA) acquired substantially all assets of Energyexcel LLP (UK)
Deal Size: Unspecified Industry: Energy consulting Date: August 2014
Ameresco, Inc., a US-based energy efficiency and renewable energy company, has acquired the energy consultancy and energy project management business of energyexcel LLP, a UK-based energy services company that provides consultancy, project management, carbon management and energy procurement services. The acquired two UK-based businesses provide complementary energy efficiency, supply management and sustainability services. The acquisition will allow Ameresco to add local presence in the UK and commercial and industrial (C&I) customer base, while expanding its capabilities and value-added services to serve local and multi-national commercial, industrial and manufacturing customer in North America and Europe. In addition, the acquisition will broaden Ameresco’s international expertise and service offerings for multi-national customer. Further, the transaction combined with the capabilities of Ameresco’s recent acquisition of Energy Services Partnership (ESP), a provider of energy management solutions, will provide the company a range of energy efficiency, renewable energy solutions and intelligent energy management services, addressing both sides of the customers’ meter, including energy supply, demand response, energy data information and analytics, and utility invoice management. Ameresco, Inc. provides energy efficiency solutions for facilities primarily in North America.

Butler Burgher Group Real Estate Services (USA) acquired Leitner Group Inc. (USA)
Deal Size: Unspecified Industry: Management consulting / Strategy Date: August 2014
Butler Burgher Group (BBG) announced that Leitner Group Inc., based in New York City, is now part of BBG and serves as its New York City office. The partnership cements BBG’s status as the fastest-growing independent commercial real estate valuation and consulting firm in the United States. “Joel has a stellar reputation, clientele and business,” said BBG CEO Diane Butler. “To partner with someone with his leadership, long-term relationships and local expertise is advantageous for BBG, extending our reach even further and giving us a strong presence in New York and the greater Tri-State area.” The affiliation provides Leitner Group with a national footprint as well as BBG’s branding and advanced technology platform, and strengthens both firms’ capacity to take on large portfolio assignments. Additionally, the firms’ shared independent status makes for an ideal affiliation that benefits clients first and foremost. “What we are offering the marketplace is unique — independent valuation services on a national scale,” Leitner Group founder, Joel Leitner, said. “In addition, both BBG and Leitner Group have a long history of primarily servicing the real-estate financial services community with consistency, sound judgment, integrity and on-time performance.” Butler Burgher Group, LLC operates as a valuation, advisory, and assessment firm.

Trinity Consultants, Inc. (USA) agreed to acquire Sierra Research, Inc. (USA)
Deal Size: Unspecified Industry: Environmental consulting Date: August 2014
Trinity Consultants, Inc., an international environmental consulting firm that specialises in industrial air quality issues, and Sierra Research, an air quality and pollution control research and engineering firm, announce an agreement in principle to merge this year. The merger will enhance client service with a wide variety of engineering, testing, modeling, and analytical expertise related to air quality planning, permitting, and compliance. Both companies assist industrial sector clients with air quality regulations and compliance management; additionally, Sierra serves public and private sector clients with a wide range of vehicle ,fuel and air quality planning support Paul Greywall, Trinity’s Director of Business Development commented on why the merger makes sense. “Although both companies have a strong air quality focus, we each bring somewhat different skills to the market. The Sierra team’s deep knowledge of mobile air emissions sources, the California market, and state air quality planning programs are synergistic to Trinity’s long-term growth plans. We believe Sierra and Trinity’s clients will benefit from our combined resources and expertise.”

ARCADIS NV (USA) agreed to acquire Callison, LLC (USA)
Deal Size: Unspecified Industry: Engineering consulting Date: August 2014
Global architecture and design firm Callison announced that it will be acquired by ARCADIS, the leading global natural and built asset design and consultancy firm. “We are excited to participate in the creation of a next generation global leader in high level design and architecture,” said Callison Chairman and CEO John Jastrem. “This move will broaden our capabilities, add global reach and benefit our valued clients and employees through additional service offerings.” “With the addition of Callison, ARCADIS has created a true leadership position in high end design and architecture,” said Neil McArthur, CEO of ARCADIS. “We will have a clear leading position in retail globally, a strong leadership position in mixed use/commercial globally and will have a leading international design and architecture position in China.” ARCADIS is the leading global natural and built asset design and consultancy firm working in partnership with its clients to deliver exceptional and sustainable outcomes through the application of design, consultancy, engineering, project and management services.

The Bryn Mawr Trust Company (USA) entered into a definitive agreement to acquire Powers Craft Parker & Beard, Inc. (USA)
Deal Size: Unspecified Industry: Management consulting / Strategy Date: August 2014
Bryn Mawr Bank Corporation, parent of The Bryn Mawr Trust Company, reported that they entered into a stock purchase agreement to acquire Powers Craft Parker & Beard, Inc., independent insurance brokers and risk management consultants located in Rosemont, Pennsylvania. The Company provides expert consulting services for personal and commercial insurance clients. Founded in 1922, the Company has been serving the insurance and risk management needs of its clients for more than 92 years. Ted Peters, Chairman and CEO, stated, “We are excited to have Powers Craft Parker & Beard join the Bryn Mawr Trust organisation. They are one of the premier agencies in the Philadelphia area and will greatly enhance our ability to offer high quality insurance services to our existing and new clients.” The Company is licensed to do business in thirty-four states and excels in structuring comprehensive insurance/risk management programs. “Insurance and risk management services are important components of Bryn Mawr Trust’s approach to developing comprehensive financial and/or wealth management plans for our personal and business clients. I have known the principals of Powers Craft Parker and Beard, Don Parker and Ned Lee for many years and always valued their expert advice. They are going to be great additions to the Bryn Mawr Trust team. The Company will add significant consulting expertise and synergies when combined with Bryn Mawr Trust’s team. The Company, like Bryn Mawr Trust, has a well-earned reputation of delivering outstanding client service. Don and Ned look forward to continuing their relationships with their existing clients as well as developing new ones with the Bank’s. I am pleased to have this group of experienced professionals join Bryn Mawr Trust,” said Frank Leto, President and COO. The Bryn Mawr Trust Company provides banking and investment services for individuals, families, businesses, and organisations in Pennsylvania.

Infrastructure Professionals Enterprise Pvt. Ltd. (India) acquired Triple Line Consulting Limited (UK)
Deal Size: Unspecified Industry: Management consulting / Strategy Date: August 2014
New Delhi-based Infrastructure Professionals Enterprise Global Pvt Ltd (IPE Global), which is backed by theUK-based private equity fund Henderson Equity Partners, has made an announcement on its acquisition of the global provider of development consulting services – Triple Line Consulting Ltd of the UK. Through the acquisition the London-headquartered Triple Line, IPE Group will be able to expand its presence in the development sector to more than 100 nations across the globe, with offices covering the African, Asian and European regions. The UK-based international development-consulting firm, which was founded in 1999, offers technical expertise to enhance living standards of the poor and developing nations. Triple Line has been involved in the execution of more than 350 projects covering above 70 countries globally. The CMD of IPE Global – Ashwajit Singh stated: “Joining forces with Triple Line will bring the groups international business to a scale that will enable us to offer value for money services in diverse areas of expertise ranging from Urban Infrastructure, Health, Education, Agriculture, Private Sector Development, Governance to Grants Management, Gender and Social Inclusion, M&E and Financial Management.“

Austbrokers Holdings Limited (Australia) acquired Risk Strategies Pty Ltd. (Australia)
Deal Size: Unspecified Industry: Management consulting / Strategy Date: August 2014
Austbrokers has acquired a 50% stake in risk management consultancy Risk Strategies, completing a second services acquisition for the cluster group’s insurance and risk services division. Risk Strategies was established in 2005 and has offices in Melbourne, Sydney and Brisbane. It specialises in workplace health and safety, workers’ compensation, self-insurance and environmental management, with clients including logistics group DHL and mining services business Leighton Holdings. Austbrokers MD and CEO Mark Searles says the acquisition follows a deal in February for 50% of Procare Group, which provides full-service workers’ compensation and insurance support services. Mr Searles says Risk Strategies gives Austbrokers’ partners and clients access to specialist risk services including injury management, investigations, staff training and claims management support. Risk Strategies director Peter Bishop says it will be business as usual, but with the added bonus of cross-selling opportunities, a strong national network, listed company backing and enhanced operational and administrative functions.

Bureau Veritas SA (France) acquired Analysts, Inc. (USA)
Deal Size: Unspecified Industry: Engineering consulting Date: August 2014
Bureau Veritas recently finalised its acquisition of oil analysis leader Analysts Inc., which will continue to operate under its current name with no changes in its business structure or operational processes. “The acquisition of Analysts further deepens our footprint in North America and positions Bureau Veritas as a leader in this highly specialised lubricant oil analysis market,” said Didier Michaud-Daniel, Bureau Veritas’ chief executive officer. Over the next year, Analysts Inc. will begin to leverage Bureau Veritas’ global and local networks to exchange best practices and innovations. By tapping into an expanded suite of testing, inspection and certification services, Analysts will be able to offer new services and solutions. “The acquisition presents our customers with new testing resources and expertise to continue to maximise the value they receive through our testing services,” said Analysts’ chief executive officer Michael Forgeron. “At the same time, it strengthens Bureau Veritas’ presence in the global oil analysis market.” Bureau Veritas SA provides conformity assessment and certification services in the areas of quality, health and safety, environmental protection, and social responsibility. Analysts, Inc., an analytical testing organisation, provides industrial diagnostic evaluations and maintenance solutions.

DPA Group NV (Netherlands) agreed to acquire Fagro Consultancy BV (Netherlands)
Deal Size: Unspecified Industry: Management consulting / Strategy Date: August 2014
The agreement involves an earn-out, which will be paid both in cash and stock, depending on Fagro’s performance in 2014, 2015 and 2016. DPA will use the proceeds from a share issue to largely finance the takeover sum which will be paid at closing. The existing management will remain responsible for the successful further development of Fagro as a unit of DPA. Fagro generated revenues of €20 million in 2013 and was profitable. The deal is expected to be accretive to DPA’s earnings per share (EPS) in 2014. DPA Group N.V. provides seconded professionals recruitment, selection, and placement services for financial institutions, businesses, non-profit organisations, and governments in the Netherlands. Fagro is a Finance & Control interim and consultancy agency.

TÜV SÜD AG (Germany) acquired RCI Consultants, Inc. (USA)
Deal Size: Unspecified Industry: Energy consulting Date: August 2014
TÜV SÜD announces the strategic acquisition of RCI Consultants Inc., located in Houston, Texas, thus expanding its suite of services for the oil and gas industries. RCI Consultants specialise in consultancy services, assisting their clients in development, construction, and installation of production facilities as well as long-distance transportation pipelines utilised for the oil and natural gas industries. “We aim to further complement our suite of services for the oil and gas industry in the coming years”, says Karsten Xander, Member of the Board of Management of TÜV SÜD AG. “The acquisition of RCI Consultants is an important milestone on the route to reaching this goal. It serves as a door-opener to the upstream market for the exploration and production of oil and gas, and significantly expands our portfolio of services in the midstream market for long-distance transportation and refining.” So far, TÜV SÜD’s service offer has focused primarily on companies in the downstream sector of the oil and gas industry, which includes the refining of crude oil. In this sector, the technical services group expanded its portfolio of services, reinforcing its presence in the important US market as early as in 2007 by acquiring US company PetroChem Inspection Services. RCI Consultants, Inc. provides project management and project support services to the energy and petrochemical industry. TÜV SÜD AG provides technical services in Germany and internationally.

HUB24 Limited (Australia) executed an agreement to acquire Paragem Pty. Ltd. (Australia)
Deal Size: $7.4 million Industry: Management consulting / Strategy Date: August 2014
HUB24 is pleased to announce it has executed an agreement to acquire the independently owned financial planning licensee Paragem Pty Ltd. Paragem is a leading boutique dealer group, founded by Ian Knox and Charlie Haynes that has grown strongly to license 20 high quality financial advisory practices across Australia, which advise on more than $2.5 billion of client funds. HUB24 and Paragem are highly complementary with minimal overlap and share a common goal to create strong financial advice practices and a platform group not aligned to product manufacturers. With over 40 years of combined industry experience, Mr Knox and Mr Haynes will continue to grow the Paragem business and add significant depth of experience to the HUB24 executive team. The acquisition of Paragem is consistent with HUB24’s strategy to pursue significant growth by partnering with quality independently minded financial advisers (IFAs). Working together with Paragem and HUB24’s existing highly valued advice licensees, the company will continue to develop solutions for the benefit of the IFA market and consumers. Paragem Pty. Ltd. offers consulting and support services to small-sized businesses and licensed representatives. HUB24 Limited provides various financial market services to institutional, corporate, and retail customers in Australia.

IPG Mediabrands (Netherlands) acquired Traffic4U (Netherlands)
Deal Size: Unspecified Industry: Marketing consulting Date: August 2014
IPG Mediabrands, the media innovation arm of Interpublic Group, announced that effective immediately it has acquired Traffic4U, the dominant search engine marketing agency in the Netherlands. IPG Mediabrands Benelux CEO Diederik Breijer said that the Traffic4U acquisition gives IPG Mediabrands a crucial competitive advantage at a time when search and digital performance marketing, as well as e-commerce, are of ever increasing importance for all clients. “Traffic4U gives IPG Mediabrands access to the talent, scale, knowledge and tools to grow out our search expertise in a way that we could only have dreamed about before,” said Breijer. “Our clients demand strong search and performance marketing capabilities and Traffic4U is highly respected as both a market and thought leader. It operates at scale and always with superior quality. Search and performance marketing is the front door of digital and I am confident our two companies can push each other to bold new heights.”

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