Consulting Sector M&A Deals for week beginning 13th October


businessman doing handstand on the beachQuality Management Solutions, Inc. (USA) acquired Xpand Consulting (USA)
Deal Size: Unspecified Industry: IT consulting Date: October 2014
Quality Management Solutions, Inc. a leading global provider of high quality SAP Consulting Services for the Manufacturing sector, proudly announced that it has completed its acquisition of Xpand Consulting, a long time provider of SAP QM consulting services and training videos. QMS announced its intent to acquire Xpand in July 2014. “The acquisition of Xpand will add additional innovative products and solutions, as well as deep SAP Training and Enablement expertise and further broaden our offerings. QMS is committed to providing our customers with new options and continuous improvement to their SAP Enterprise Solutions. Our innovative and proven Best Practices for SAP continues to be a highly attractive option for the industry. Our team is excited about our additional expansion and the ability to further serve our customers,” said Mike Krug, President of Quality Management Solutions, Inc. (QMS). Quality Management Solutions, Inc. (QMS): QMS is an SAP America Partner and has earned a global reputation for quality leadership, resources, and delivery of SAP. QMS is the preeminent quality expert in SAP, with decades of combined industry and business experience. QMS is dedicated to developing advanced solutions for SAP manufacturing environments and bringing those results to our customers in affordable and innovative ways.

The Fahrenheit Group (USA) merged with Axeo (USA)
Deal Size: Unspecified Industry: HR consulting Date: October 2014
The Fahrenheit Group, a national consulting and advisory firm with a focus on finance and business, recently merged with Axeo, a human resources business based in Northern Virginia. The Fahrenheit Group, based in Henrico County, Virginia, originally served small to medium-sized businesses in need of accounting, bookkeeping, and chief financial officer services. The merge will be beneficial to both companies, according to Jacob Geiger with the Richmond Times-Dispatch. Keith Middleton and Rich Reinecke founded Fahrenheit Finance in 2010 and were seeking to expand the human resource practices of the organisation. Tom Wimer, Axeo’s founder, was seeking to expand into the Richmond-area market. The combined company will be known as The Fahrenheit Group. The merged company consists of experienced C-level executives and consultants and serves an array of clients ranging in size from startups to Fortune 500 organisations, including angel, VC and private equity backed portfolio companies. Middleton states that Fahrenheit focuses mainline on middle-market companies with revenues of less than $500 million per year. “The big focus, whatever the size, is growth-oriented companies,” he said. The Fahrenheit Group LLC provides human resource services. Axeo LLC is a professional services company that provides practical and implementable solutions to human capital and organisational challenges.

CheckPoint HR, LLC (USA) acquired Quantum Benefits, Inc (USA)
Deal Size: Unspecified Industry: HR consulting Date: October 2014
Employee benefit and human resource innovator CheckPoint HR, Inc. announced the acquisition of Quantum Benefits, Inc., a benefits consultancy and insurance brokerage firm based in New Haven, Connecticut. Quantum Benefits has operated in Connecticut since 2003, providing employee benefits brokerage and consulting services to organisations throughout the region. The boutique agency is known for delivering highly attentive customer service and health advocacy to client employees and their families. The agency is led by founders Phil Orlando and Joseph Hall. CEO Phil Orlando’s 19-year health care background includes sales and management roles at Benefitport, Oxford Health Plans, Executive Health Group and U.S. Surgical. President Joseph Hall’s 20 years of group health care experience includes 10 years serving in sales and management roles at Oxford Health Plans with a strong focus on proactive underwriting. “This acquisition markedly extends CheckPoint HR’s reach into the Connecticut and Westchester County markets,” said Jim Pugliese, chief executive officer of CheckPoint HR. “Connecticut is a heavily mandated state with seven major insurance carriers and highly educated buyers. Quantum Benefits’ extensive market knowledge and stellar reputation for customer service combined with CheckPoint HR’s robust technology and service capabilities create a formidable offering in the region.” CheckPoint HR provides technology and expertise for controlling health insurance costs, efficiently managing administration and ensuring regulatory compliance. The company is the first to fully integrate the employee benefit, human resource and payroll functions on a single technology platform. The cornerstone of this platform is CheckPoint Choice, a full-service employee benefit marketplace. CheckPoint HR, LLC, a human resource (HR) services and technology company, provides HR management solutions, and employee benefits administration and payroll services for small to mid-sized companies.

CTPartners Executive Search Inc. (USA) to acquire Neumann Leadership Holding GmbH (Austria)
Deal Size: Unspecified Industry: HR consulting Date: October 2014
CTPartners Executive Search Inc., a leading executive search firm, announced that it has signed a binding letter of intent to acquire Austrian-based Neumann, a leading executive search and leadership consulting firm. The transaction includes offices in Germany, Austria and Switzerland as well as across Eastern Europe. Neumann focuses on several key industries that complement CTPartners’ targeted practice areas including: Industrial, Consumer, Life Sciences, Technology, Professional Services and Financial Services. Neumann’s consultants will increase CTPartners’ presence in key German-speaking markets, including Europe’s largest and fastest growing economy, Germany. “This transaction is consistent with our growth strategy to expand the CTP global footprint. Acquiring one of Europe’s leading executive search brands significantly benefits CTPartners’ global clients. Neumann has been established in Europe for over 40 years as a premier provider of senior-level executive search and leadership,” commented Brian Sullivan, CEO of CTPartners. Hans Jorda, Chairman of Neumann said, “Joining forces with CTPartners, the biggest success story in executive search in the last decade, will be valuable to our clients who have needs around the world. We see this as a win-win for all involved, and look forward to playing a critical role within CTPartners.” CTPartners Executive Search Inc., together with its subsidiaries, provides retained executive search services worldwide. Neumann Leadership Holding GmbH offers executive search services.

Bild & Company (USA) acquired Primo Solutions LLC (USA)
Deal Size: Unspecified Industry: Management consulting / Strategy Date: October 2014
Bild & Company, one of the nation’s leading senior healthcare consulting firms announced the acquisition of Primo Solutions, headquartered in Phoenix, Arizona. Both Bild and Primo Solutions have been providing premier mystery shopping services to senior living and healthcare organisations for more than a decade. This acquisition will position Bild & Company as the top leader for mystery shopping in the industry. “Bild & Company is always looking to align with the best of the best for all our services and programs. Primo was a natural fit based on their reputation of providing exceptional customer service and innovative ideas,” states Seth Garber, President and CEO ofBild & Company. Over the past 10 months, Bild & Company has been rapidly evolving and enhancing their products and services to better address the needs of today’s senior organisations – and to arm them with the most advanced technology to meet the needs of their customers. Current President & CEO of Primo Solutions, Michael Miller will join Bild & Company as Regional Vice President of Sales to support Mr. Garber and the vision of the company. “I’m extremely excited about the future with Bild. We have two deeply rooted companies who truly understand the needs and challenges of our clients,” Miller says. “We will be one of the very few organisations that can offer seamless, integrated solutions— not only research and mystery shopping but best in class sales training and coaching, recruiting and marketing.” Along with Miller’s transition to Bild, all of Primo’s staff will be joining the Bild team roster. Primo Solutions, LLC offers services such as mystery shopping, training, and consulting, follow-up and follow-through measurement tools to evaluate a company’s sales and customer service.

The Riverside Company (USA) acquired a majority stake in Spectrio, LLC from SJ Partners, LLC (USA)
Deal Size: Unspecified Industry: Marketing consulting Date: October 2014
The Riverside Company has acquired a majority stake in Spectrio LLC from SJ Partners and other investors. Spectrio is a leading national provider of on-hold messaging and digital signage managed services. Spectrio helps its clients capture “marketing moments” during times when customers might otherwise not be engaged. It uses these opportunities to deliver clients’ targeted messages and enhance their brand messaging consistency. Spectrio provides its customers with end-to-end solutions including content creation, professional production of audio or visual content, installation, and network management services. “Spectrio excels at providing effective and impactful marketing services, delivering crucial brand messages for customers,” said Riverside Partner Chris Jones. “Its outstanding customer service and high value service offering has helped Spectrio build a diverse and loyal customer base.” Based in Oldsmar, Florida, Spectrio was founded in 2002 by CEO Aaron Kleinhandler and President Mitch Keller, who together built the company through 17 acquisitions. Riverside will partner with the management team to continue building on its organic and add-on acquisition growth strategy, leveraging Spectrio’s strong vertical expertise in the healthcare, automotive, retail, and hospitality industries. Spectrio, LLC operates as an audio/video marketing company in the United States. The Riverside Company is a private equity firm specialising in leveraged buyouts, management buyouts, management buy-in, expansion, junior capital using both equity and debt securities, public to private, replacement, mature, emerging growth, recapitalisations, small-cap investments, buy-and-build of medium sized lower and smaller end of middle market companies. It operates as a SBIC. The firm does not invest directly in infrastructure projects, start-ups, companies requiring venture capital, and companies with significant technology, regulatory, and commodity risks. It makes generalist investments with a focus on healthcare, education and training, all types of software and information technology with a focus on enterprise systems offering mission-critical tools, analytical software, software-as-a-service (SaaS), branded consumer products, franchisors, energy and sustainability with a focus on in energy generation power and infrastructure, cleantech and sustainability, materials, machinery, financials, general industrial, service companies, communication technology and consumer products.

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