Consulting Sector M&A Deals for week beginning 6th October

businessman doing handstand on the beachAubay Société Anonyme (France) acquired 76% stake in Norma 4 Sa (Spain)
Deal Size: Unspecified Industry: IT consulting Date: October 2014
Aubay Group has announced the acquisition of a 76% stake in Spanish company Norma4, which is primarily located in Madrid and which specialises in software development, production support and technological consulting services. Generating revenues of around €15 million, Norma4’s 285 employees work essentially within the banking sector for strategic accounts such as Banco Santander and BBVA. The acquisition will strengthen Aubay’s position in the banking industry in Spain, and means that the Group now works with virtually all of the financial institutions of the countries in which its consultants operate. Following the acquisition which is financed entirely in cash, Aubay now employs over 500 members of staff across Spain and Portugal, leaving it ideally placed to capitalise on the recovery that is progressively taking shape across the region. The acquisition will be consolidated in the Group’s accounts from 1 October 2014. NORMA 4, SERVICIOS INFORMÁTICOS, S.A. offers software development, production support, and technological consulting services. Aubay Société Anonyme, an integration and technology consultancy company, specialises in information and industrial systems, networks, and telecommunications in France, Belgium, Spain, Portugal, Italy, and Luxembourg.

Luxoft Holding, Inc. (Switzerland) acquired Radius Inc. (USA)
Deal Size: Unspecified Industry: IT consulting Date: October 2014
Luxoft Holding, Inc said that it has acquired Radius Inc., a US-based solution provider focused on the growing Internet of Things industry. The Radius technology team and solution portfolio will bring in-depth technical capability that is complementary to Luxoft´s current technology profile. Luxoft will now have the ability to offer specialty expertise around sensor data acquisition, real-time analytics and modern cloud platforms. Further, IoT-related domain knowledge will create enhanced productivity and time-to-market for Luxoft´s existing clients in automotive, energy, technology and telecom verticals. “We consider the acquisition of Radius to be instrumental to further differentiation and development of our company as an innovation driven provider of complex services and solutions,” said Luxoft CEO and President Dmitry Loschinin. “The subject of IoT is a very new concept which we believe has a tremendous potential for large and small enterprises around the world. Radius is a fast growing company with advanced engineering expertise and impressive client base of Fortune 500 accounts, both of which are complementary to Luxoft. We are excited about this opportunity, which allows us to expand cross-vertical, end-to-end offerings we bring to our clients globally.” Luxoft Holding, Inc., together with its subsidiaries, provides software development services and IT solutions to multinational corporations primarily in Western Europe and North America. Radius provides mobile, cloud, data, business intelligence and project management solutions.

UST Global Inc. (USA) acquired TCP (Spain)
Deal Size: Unspecified Industry: IT consulting Date: October 2014
UST Global announced that it has acquired TCP, an IT consulting company specialising in the development and integration of advanced technology solutions and IT services. TCP provides the scale of operations that UST is looking for in terms of serving both Spanish and European markets, as it reinforces the company’s strong focus on the Banking and Telecom verticals. The acquisition gives UST Global access to the largest companies operating in Spain and opens up prospects of expansion into European, Latin American and African markets. With this acquisition TCP employees will benefit from UST Global’s local and international professional development opportunities. Commenting on the acquisition Manu Gopinath, UST Global’s Head of Emerging Markets and Global Head of HR, said “Both companies perfectly complement each other. This is UST Global’s second acquisition in Spain and the deal will reinforce our market presence, contributing to better serving our current and prospective Spanish, Latin American and European customers. For UST Global this is the best way to consolidate our presence in the Spanish market, gearing our operations towards growth. TCP employees will also have opportunities for career development in a global organisation that is committed to promoting talent management.” UST Global is a leading provider of end-to-end IT Services and Solutions for Global 1000 companies. TCP Sistemas e Ingenieria SL provides Information Technology based consulting services.

Blue Hill Research (USA) acquired DataHive Consulting (USA)
Deal Size: Unspecified Industry: Media consulting Date: October 2014
Blue Hill Research, a technology research firm focused on successful IT vendor selection, announced the acquisition of DataHive Consulting, a leading B2B social media consulting firm, and the appointment of DataHive President and co-founder Hyoun Park as Blue Hill’s Chief Research Officer (CRO). This is Blue Hill’s first strategic acquisition to bolster its world-class technology analyst team. Park is a 20-year technology veteran who has served as a trusted advisor for Fortune 100 end users and vendors in the fields of analytics, enterprise mobility, telecom expenses, and social business. Prior to DataHive Consulting, Park was a research analyst at the Aberdeen Group, a Harte Hanks Company. Park has also managed billing operations for multiple venture-backed startups and overseen project management, IT budgets and enterprise mobility deployments at Bose and Teradyne. His research includes insights on telepresence, Bring Your Own Device (BYOD), data visualization, and social marketing. “Hyoun is an experienced, motivated, and high-energy executive with a career and experiences that make him uniquely qualified to manage our research team,” said Ralph A. Rodriguez, CEO of Blue Hill Research. “Acquiring DataHive Consulting enables Blue Hill to combine deep social and B2B marketing expertise with our existing research model.” DataHive Consulting provides guidance and on-site support for companies seeking to bring social media and analytics together. Blue Hill Research, LLC offers technology research services.

Quad-C Management, Inc. (USA) acquired a majority stake in Vaco, LLC (USA)
Deal Size: Unspecified Industry: HR consulting Date: October 2014
A middle-market private equity firm announced it has acquired a majority interest in Brentwood-based placement and consulting company Vaco. Jerry Bostelman, Vaco founding partner, said the Vaco leadership team (which includes fellow founding partners Jay Hollomon and Brian Waller, and CFO Todd Sweat) talked to many private equity firms before choosing Quad C. The deal had been in the making approximately one year, he added. Vaco was open to the transaction, Bostelman said, because of the receptiveness of local “iconic” investors Lucius Burch, Toby Wilt, Crom Carmichael and Jeffrey Buntin Sr. Each had been invested in Vaco for 12 years or more. The four are now no longer invested in the company as part of the deal with Quad-C. “Quad-C Management was the unanimous choice as financial sponsor for the next stage of Vaco’s growth,” Bostelman added. “Together we will better serve clients, candidates, consultants and internals by expanding our geographic footprint, considering additional service lines and further investing in the players that make up the ‘Vaco Nation.” Vaco, LLC provides project and permanent placement services for senior-level accounting, financial, IT, and administrative professionals on a project and consulting basis in the United States. Quad-C Management, Inc. is a private equity firm specialising in management buyouts, owner recapitalisation and family succession, and industry consolidation in middle market companies through both, internal growth and add-on acquisitions. Under management buyouts, the firm seeks to invest in corporate orphan, where it help managers acquire a division of a parent company, a going private, where the firm work with management to buy out public shareholders and take the company private, or a buyout of a private company, where it partner with management and buyout shares from the controlling private shareholders.

eTERA Consulting, LLC (USA) acquired Discovery Services LLC (USA)
Deal Size: Unspecified Industry: HR consulting Date: October 2014
Data and technology management firm eTERA Consulting acquired Chicago-based Discovery Services LLC, a legal staffing and managed review provider. Discovery Services provides legal staffing on a national level and operates document review centers in Chicago, Washington and the Detroit area with a seating capacity of 300 reviewers. “We have had the opportunity to partner with Discovery Services for the past four years on a number of key client engagements demonstrating that the combination of the eTERA and Discovery Services teams and capabilities can effectively meet the needs of corporations and law firms across the EDRM,” said Todd Haley, eTERA’s vice president of business intelligence. “Now as one company with a shared vision for growth and compatible work cultures, we will be in a stronger position to provide our joint client base with the subject matter experts and innovative solutions required to effectively manage all aspects of data and litigation technology engagements across multiple review platforms.” Discovery Services LLC provides document review, legal staffing, electronic discovery, litigation support, and litigation consulting services. eTERA Consulting, LLC provides data and technology management services.

Bowman Consulting Group, Ltd. (USA) acquired Omland Engineering Associates, Inc. (USA)
Deal Size: Unspecified Industry: Engineering consulting Date: October 2014
Bowman Consulting announced that it has acquired Omland Engineering Associates, a 40+ person engineering firm with offices across New Jersey. With the addition of Omland, Bowman continues to expand its national presence with over five hundred professionals located in more than thirty offices throughout thirteen states and the District of Columbia. “Omland brings a long standing presence throughout the New Jersey and New York markets. This addition is a great opportunity for us to continue our expansion into one of the largest and most dynamic metropolitan areas in the country,” said Gary Bowman, President of Bowman Consulting. “Stan Omland has built a great reputation for his firm and we look forward to having Stan be an integral part of our continued growth and success.” “Partnering with a firm that has a similar client focus and culture of excellence was of paramount importance to me and our team, and I am confident in Gary’s leadership and the strength of his firm,” said Stanley Omland. “With the synergies Bowman and Omland share in services, philosophy, and approach, Gary and I both see this as a natural fit and are excited about the opportunities this will collectively bring to our organizations.” Bowman Consulting Group, Ltd. provides land development and infrastructure solutions for commercial, residential, energy, retail, education, power, federal, mining and exploration, governmental, municipal, and institutional markets in the United States. Omland Engineering Associates, Inc. provides civil engineering and consulting services.

Honkamp Krueger & Co., P.C. (USA) acquired Crippen Reid & Bowen, L.L.C (USA)
Deal Size: Unspecified Industry: Management consulting / Strategy Date: October 2014
Honkamp Krueger & Co., a Dubuque-based CPA and business consulting firm, has acquired the Quad-City CPA firm of Crippen, Reid & Bowen with locations in Moline and Geneseo. Kenneth Bowen, the former managing partner for Crippen, Reid & Bowen and now a Honkamp Krueger partner, said, “With Honkamp Krueger’s menu of over 40 services, in addition to compliance and consulting services, we are now able to offer workforce management and wealth management services under one roof.” Honkamp Krueger is one of the nation’s Top 100 CPA firms — ranked 74th by Accounting Today and INSIDE Public Accounting. It also is the largest private CPA firm in Iowa. According to Accounting Today, it is the second-fastest growing CPA firm in the Midwest. Crippen Reid & Bowen, L.L.C provides auditing, accounting, taxation, and management advisory services.

Colliers International Property Consultants, Inc (USA) acquired AOS Group (France)
Deal Size: Unspecified Industry: Management consulting / Strategy Date: October 2014
Colliers International has just boosted its presence in the EMEA region by 20 percent–and established a notable base of operations in France and Belgium–with the acquisition of a controlling interest in Paris-based AOS Group, one of the top real estate and workplace consulting firms in Europe. AOS, an independent firm established in 1997, boasts a portfolio of 620 tenant clients, and operations extending to more than 215.3 million square feet. The company’s diverse staff of approximately 450 encompasses commercial and institutional real estate consultants, engineers, architects and designers, project managers, and financial analysts. And the dollar signs are positive; AOS generates an average of approximately $100 million in annual revenues. The acquisition of AOS accomplishes one of Colliers’ major goals. “Having significant operations in France, one of the world’s leading commercial property markets, has been a key priority for us,” Chris McLernon, CEO of EMEA at Colliers, noted in a prepared statement. Colliers International Property Consultants, Inc. provides real estate services worldwide.

Deloitte Touche Tohmatsu (USA) acquired 50% stake in Leyton Ireland (Ireland)
Deal Size: Unspecified Industry: Management consulting / Strategy Date: October 2014
Established in Ireland in 2007, Leyton offers dedicated R&D tax credit services in the Irish market. The merger sees the formation of the most experienced R&D tax practice in Ireland. Deloitte Leyton’s team includes highly qualified tax consultants, accountants, scientists, engineers and IT professionals, with in-depth knowledge and expertise in R&D tax credits. Brendan Jennings, Managing Partner, Deloitte commented: “Leyton’s expertise and experience complement Deloitte’s existing strong capabilities in this area. We believe the combination of skills in the two teams creates a market leading proposition for our clients. As the economic situation improves and capital is increasingly available to invest in R&D activity, companies need to ensure this spend is as cost effective as possible. Our team of experts is committed to working with companies to do just that as they lay the foundations of growth and expansion in their businesses.” William Garvey, Managing Director of Leyton, said: “Leyton was the first company in Ireland to offer dedicated R&D tax credit services and has assisted companies of all sizes and across all industry sectors. Deloitte’s expertise and reputation as a leading tax advisor both in Ireland and indeed internationally is an invaluable resource for our team to now be part of. We’re excited about working together and fulfilling the potential that this merger now creates.” Deloitte Touche Tohmatsu (DTT) is a professional services organisation that offers auditing, taxation, financial advisory, and consulting services.

Rejlers AB (Sweden) acquired Sonika AB (Sweden)
Deal Size: Unspecified Industry: Engineering consulting Date: October 2014
Rejlers acquires 100 percent of the shares in Sonika AB, based in Stockholm. The company was founded in 2002 and has 12 employees today. Sonika is an engineering consultancy focusing on installation management of technology-intensive construction. Sonika has expertise in electrical engineering, communications, telecom/security systems and energy. The company provides services in consulting, investigation, design, project planning, project and installation management, and also documentation. “Through the acquisition of Sonika, we expand in the building and property sector in the Stockholm region, a market where we see strong demand and favorable market prospect. We also reinforce and complement our activities in electrical engineering and building services to the construction market. Sonika has similar values as Rejlers such as reliable and personal and fits well into our culture,” says Peter Rejler, President and CEO, Rejlers AB. Rejlers AB (publ) provides technical consultancy services to various customers in building and property, energy, industry, and infrastructure markets.

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