Consulting Sector M&A Deals for week beginning 24th November

businessman doing handstand on the beachArthur J Gallagher & Co. (USA) acquired Miller-Harrison Insurance Services (USA)
Deal Size: Unspecified Industry: Business consulting Date: November 2014
Arthur J. Gallagher & Co. announced the acquisition of Miller-Harrison Insurance Services in Muscatine, Iowa. Founded in 1919, Miller-Harrison is a retail insurance broker providing commercial property/casualty, risk management consulting and personal lines insurance services to clients throughout the Midwest. Michael Harrison, Jeffrey Miller and their associates will continue to operate in Muscatine under the direction of Michael Pesch, head of Gallagher’s Midwest region retail property/casualty brokerage operations. “The Miller-Harrison team is well-known for their focus on outstanding client relationships and depth of expertise, which will fit well within our culture,” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “Their Iowa presence and strong carrier relationships will be a wonderful complement to our Midwest operations. We are extremely pleased to welcome Mike, Jeff and their team to our growing Gallagher family of professionals.” Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 30 countries and offers client-service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants. Miller & Harrison, Inc., doing business as Miller-Harrison Insurance Services, offers commercial property, casualty, risk management consulting, and personal lines insurance services to clients.

EPIC Inc. (USA) acquired Greyling Insurance Brokerage & Risk Consulting, Inc. (USA)
Deal Size: Unspecified Industry: Business consulting Date: November 2014
EPIC Insurance Brokers and Consultants, a retail property & casualty insurance brokerage and employee benefits consultant, announced it has acquired Greyling Insurance Brokerage & Risk Consulting, Inc., a specialty insurance broker and risk management consultant based in Atlanta, Ga., with locations in St. Louis, Mo. and Tampa, Fla. Founded in 2005 by David Collings and Gregg Bundschuh, Greyling is one of the nation’s top specialty insurance brokers serving four interconnected industry sectors across the country: Architects and Engineers; Contractors; Environmental Firms and Law Firms. “The addition of Greyling’s David Collings, Gregg Bundschuh, Bob Staed and their capable team of insurance and risk management specialists is an exciting way to further build EPIC’s commitment to industry specialisation on a national level,” said EPIC co-founder and CEO John Hahn. Greyling Insurance Brokerage and Risk Consulting, Inc. provides specialty insurance brokerage and risk consulting services in the United States. Edgewood Partners Insurance Center, Inc. provides retail property and casualty, and employee benefits insurance brokerage and consulting services in the United States.

MITIE Group PLC (UK) acquired a majority stake in Source8 (UK)
Deal Size: $24.4 million Industry: Business consulting Date: November 2014
Mitie Group plc, the FTSE250 strategic outsourcing company, is pleased to announce that it has acquired a majority stake inSource Eight Limited (“Source8”), the real estate, technology and risk management consultancy. Source8 delivers real estate, technology and risk management consultancy services to leading global corporations, with particular expertise in emerging markets and complex environments. With a high quality management team, Source8 brings a strategic offering with strong growth potential and consulting capabilities both in the UK and overseas. Source8 had turnover of £4.5m in 2013. The initial consideration payable is a maximum of £2.95m, with £2.5m paid in cash on completion, and the remainder payable dependent on performance targets. Further consideration is payable in cash up to a maximum of £12.5m (£15.45m total consideration) depending on financial performance over a five year period. Ruby McGregor-Smith CBE, Chief Executive of Mitie, comments: “We are delighted to have acquired a majority shareholding in Source8. This acquisition will enable us to significantly build upon our consultancy services offering and complement the services we already provide for our clients. Mitie Group plc, through its subsidiaries, provides strategic outsourcing services for public and private sector businesses in the United Kingdom and internationally.

KPMG (USA) acquired SGA Property Consultancy (Australia)
Deal Size: Unspecified Industry: Business consulting Date: November 2014
Surging international investor interest in Australian real estate, combined with a desire to expand its property advisory portfolio to include technical consultancy, has driven KPMG Australia’s decision to acquire independent chartered building and environmental firm, SGA Property Consultancy (SGA). Market leader, SGA provides property transaction, property management, corporate real estate and environmental consultancy services to major property investors, managers and operators across Australia, New Zealand and Asia. A team of 65 professionals – predominantly chartered building surveyors, building certifiers, engineers and environmental scientists – located across 7 offices in Australia and offshore will join KPMG in December. SGA has achieved strong double-digit earnings growth each year for the past three years, primarily driven by transactions-based technical due diligence work, as well as notable performance from its Compliance and Environmental divisions. “SGA is one of KPMG’s largest completed domestic acquisitions, in one of the fastest-growing sectors of the Australian economy. The investment allows us to provide a full-service real estate and construction consultancy, and creates the largest and deepest talent pool of independent, specialist consulting expertise in this sector in the country,” said Gary Wingrove, CEO of KPMG Australia.

Eide Bailly LLP (USA) acquired Accounting Systems, Inc. (USA)
Deal Size: Unspecified Industry: Financial advisory Date: November 2014
Accounting Systems, Inc. (ASI) is joining Eide Bailly LLP, a regional CPA and business advisory firm, in an acquisition that became official earlier this month. ASI, a Fort Collins family-run business specialising in accounting and enterprise resource planning (ERP) solutions, has been providing its ERP and CRM services to Northern Colorado businesses over the last 24 years and now brings those services to Eide Bailly’s repertoire of quality audit, accounting and technology advisory services. The merger of ASI adds the company’s valuable expertise and resources to Eide Bailly’s technology consulting team as it continues to grow its ERP and CRM services to clients in Colorado and beyond. Eide Bailly LLP provides auditing and accounting services.

Roche Ltd., Consulting Group (USA) acquired STONE Oil & Gas Inc. (USA)
Deal Size: Unspecified Industry: Engineering consulting Date: November 2014
Roche Ltd, Consulting Group (Roche) is pleased to announce the acquisition of Canadian engineering consulting firm STONE Oil & Gas (STONE). The alliance will enable Roche to broaden its expertise in the oil and gas, industrial and energy sectors. “STONE has high level expertise that will provide depth for our teams. Our complementary services will help us further improve the way we meet the needs of our clients in Canada and abroad. This partnership is perfectly aligned with our growth plan,” notes Roche President and CEO Alex Brisson. STONE is headquartered in Toronto and employs about 40 people specialised in the oil, gas and power sector. It is active mainly in North America and in the Middle East. “We worked with STONE in the past when our two firms were members of the same group. Our alliance today is a natural extension of our shared corporate culture and common objectives,” concludes Alex Brisson. STONE Oil & Gas Inc. offers engineering, procurement, and project management services for the oil, gas, and power sector. Roche Ltd., Consulting Group, along with its subsidiaries, provides construction engineering services.

Imprezzio Marketing (Canada) acquired At First Site Inc. (USA)
Deal Size: Unspecified Industry: Marketing consulting Date: November 2014
Toronto-based Imprezzio Marketing has now acquired a full service creative web design and development company called AFS Web, as well as their trademarked content management system, ZOOM CMS. AFS Web was launched in 1997 by Christina Blenk. Blenk and her team have designed websites for a variety of clients both locally in Columbus, Ohio and across the country. As a growing expert in the field AFS Web developed the ZOOM Content Management System (CMS) with the clients’ needs in mind. AFS Web combines its experience and web methodology with ZOOM CMS to help clients reach their online marketing goals. Blenk has been retained in the acquisition and continues to oversee the operations of AFS Web in Columbus, Ohio. At First Site, Inc. provides web design and development services. Imprezzio Marketing provides various Internet marketing services. It offers social media marketing service, such as Facebook marketing; and search engine marketing and promotion, Internet directory submissions, Web design, and search engine optimisation services.

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