Consulting Sector M&A Deals for week beginning 26th January

businessman doing handstand on the beachKPMG Cambodia Ltd acquired Premier Consulting (Cambodia) Limited
Deal Size: Unspecified Industry: Financial consulting Date: January 2015
KPMG Cambodia has bought out one of its local competitors in an effort to position itself as a leader in accounting, taxation and advisory services before ASEAN integration later this year. A statement issued Friday by KPMG states that the firm acquired Premier Consulting (Cambodia) Limited, a Phnom Penh-based audit, tax and advisory business on January 1. Warrick Cleine, chairman of KPMG in Vietnam and Cambodia, said the acquisition represents KPMG’s confidence in Cambodia’s business environment as it nears ASEAN Economic Community (AEC) integration, slated for December this year. “This deal is a powerful demonstration of KPMG’s expanding strength and commitment to serving our clients in Vietnam and Cambodia,” Cleine was quoted saying in the statement. “Adding Premier’s team to KPMG significantly enhances the service offerings we will be able to provide our clients of all sizes and at every stage of the business life cycle.” Premier director James Roberts will join KPMG Cambodia as partner, according to the statement. “Having access to the KPMG network will bolster our ability to provide clients in this region with an unparalleled level of service”, Roberts said.

Prager Metis CPAs, LLC (USA) merged with Polakoff & Michaelson, CPA, P.C. (USA)
Deal Size: Unspecified Industry: Financial consulting Date: January 2015
Prager Metis CPAs, LLC, a top 100 public accounting and consulting firm with offices in the U.S. andLondon, announces the merger with Polakoff & Michaelson, CPA, P.C., a boutique accounting firm based in New York City, which focuses on Family Office Service. The combined firms will offer a wider breadth of services to family office entities and high-net worth individuals as well as accounting services. The merger is effective immediately. Craig Michaelson is the Chairman and CEO of P&M, a firm founded more than 75 years ago. What sets aside P&M from other Family Office Service firms is that his team works very closely with their clients to learn about their lives and care for their issues. He says, “They are more than just clients, they’re like our family.” Michaelson also added, “We are thrilled to be joining such a dynamic firm with Los Angeles, London and New Yorkoffices, and their additional services and technological capabilities. They provide the depth and scale that we were looking to provide for our clients.” “We are very excited with their addition of Polakoff & Michaelson,” saysGlenn Friedman, Co-Managing Partner and Partner-in-Charge of M&A for Prager Metis CPAs, LLC. “We wanted to expand our service capabilities by increasing our family office services. Polakoff & Michaelson’s bring a tremendous breadth of experience as well as a shared value of hands-on client service. It is the perfect fit.” Prager Metis CPAs, LLC, an affiliate of Prager Metis International, LLC, is one of the nation’s fastest growing accounting and advisory firms, offering a full range of accounting, audit, tax, consulting, and international services.

Mesirow Financial Holdings, Inc. (USA) acquired Benefits & Incentives Group Inc. (USA)
Deal Size: Unspecified Industry: HR consulting Date: January 2015
Mesirow Financial, a diversified financial services firm, announced that it expanded its operations in Denver, Colorado, with the acquisition of Benefits & Incentives Group (BIG Inc), an expert in employee benefits insurance, HR consulting services and employee communications. The entire 14-professional team will join the firm and continue to operate from its office located at 1777 S. Harrison Street, Ste 750. “Denver’s a great market with substantial opportunity to build the business and increase our firm’s geographic footprint,” said Norm Malter, president of Mesirow Financial’s Insurance Services Division. “In addition to BIG’s expertise and relationships, the firm shares our commitment to client-driven solutions and will be a strong cultural fit with our organisation.” BIG Inc founder Rich Johnson added, “There are tremendous synergies in joining forces. Clients will continue to work with the individuals they’ve known and trusted for years, while benefiting from additional resources and expertise that will only strengthen their risk management programs. And, with Mesirow Financial’s other capabilities, we can meet more of our clients’ needs.” As part of the new Denver office of Mesirow Financial, Johnson will focus on integration and business development. BIG Inc was founded in 1997 and offers employee benefits insurance, HR consulting services and employee communications. It provides the most innovative and well-structured benefits programs and advisory services, so clients get the most out of their benefits. Mesirow Financial Holdings, Inc., a diversified financial services company, provides services in the areas of investment management, global markets, insurance, and consulting to institutions and public sector entities, corporations, individuals and families, broker/dealers, and investment advisors in the United States and internationally.

Huron Consulting Group Inc. (USA) to acquire Studer Holdings, Inc. (USA)
Deal Size: $325 million Industry: Healthcare consulting Date: January 2015
Huron Consulting Group Inc. (NASDAQ:HURN), a leading provider of business consulting services, announced that it has entered into an agreement to acquire Studer Group®, a premier professional services firm that assists healthcare providers achieve cultural transformation to deliver and sustain exceptional improvement in clinical outcomes and financial results. The acquisition will combine Huron Healthcare’s performance improvement and clinical transformation capabilities with Studer Group’s Evidence-Based LeadershipSM framework to provide unparalleled leadership and cultural transformation expertise for healthcare provider clients. “The healthcare industry is facing immense pressure to enhance the quality of clinical outcomes and reduce the cost of providing patient care,” said James H. Roth, chief executive officer and president, Huron Consulting Group. “Studer Group is the market leader in driving cultural transformation to help hospitals improve performance. The combination of Huron and Studer Group will create the premier professional services firm focused on improving healthcare providers’ clinical, operational, and financial outcomes.” “Huron and Studer Group share a passion to make a difference. Our offerings are complementary in all areas of client service to meet the needs of leadership in the emerging healthcare environment. In combination, Huron and Studer Group will bring to hospital and healthcare organisations the ‘best of the best’ in performance improvement and cultural transformation to truly hardwire excellence,” saidBarry Graham (B.G.) Porter, chief executive officer and president, Studer Group. Huron Consulting Group Inc. provides operational and financial consulting services in the United States. Studer Holdings, Inc. operates in the healthcare and education consulting, coaching, and publishing industry.

3gamma (Sweden) to acquire Acando UK (UK)
Deal Size: Unspecified Industry: IT consulting Date: January 2015
3gamma, a leading IT management advisory and consulting firm whose headquarters are in Sweden, has entered into a definitive agreement with Acando AB to acquire its UK consulting business. The acquisition supports 3gamma’s growth strategy and strengthens its position in the UK market. In addition, the acquisition reinforces 3gamma’s strategy in providing its full suite of capabilities and offerings across the Nordics and the UK. “3gamma has evolved rapidly over the last 12-18 months across all our markets and we continue to see significant growth opportunities for our company both immediately and in the long-term. We are excited about this acquisition of Acando Ltd and the many benefits it will bring to our clients” says Peter Wahlgren, CEO of 3gamma. “With the addition of Acando Ltd, we will continue our drive to provide consulting offerings in UK across IT strategy, IT sourcing, IT legal advisory, IT risk and assurance, IT operational excellence and IT Project Management and Delivery,” continues Wahlgren. Tregamma AB provides information technology (IT) management advisory and consulting services to businesses in Sweden and internationally. Acando AB (publ.) provides management consulting, enterprise, and digital solutions in Sweden, Germany, Norway, Finland, and the United Kingdom.

LiquidHub, Inc. (USA) acquired Harvest Solutions, Inc. (USA)
LiquidHub, Inc. (USA) acquired ClosedWon (USA)
Deal Sizes: Unspecified Industry: IT consulting Date: January 2015
LiquidHub, a digital integrator that partners with businesses to improve customer engagement and drive growth, announced the acquisition of two leading Salesforce Silver Consulting Partners from the Salesforce Partner Program, ClosedWon headquartered in Albuquerque, and Harvest Solutions with offices in Boston and San Francisco. Following the company’s recent purchase of Foundry9, a digital marketing agency located in New York City, the strategic acquisitions add key capabilities supporting full-scale, enterprise-wide digital customer engagement solutions, and a greater footprint across the United States. Harvest Solutions and ClosedWon both bring intricate knowledge of customer relationship solutions to LiquidHub’s capabilities. ClosedWon and Harvest are both leading Salesforce partners that specialise in innovative implementations to help engage customers, collaborate internally, integrate systems, and better act on the strategic insights discovered in their clients’ data. The acquisitions will add 30 professionals with Salesforce proficiency to the LiquidHub team, including leaders Sid Lejfer of Harvest Solutions and Mark Morris of ClosedWon. “As we continue to execute more aggressive growth plans, our acquisition of ClosedWon and Harvest Solutions is the latest example of our commitment to strengthening LiquidHub’s position as a Salesforce partner for our clients,” said Jonathan Brassington, CEO of LiquidHub. “From their extensive expertise in customer relationship management technologies to cultivating innovative cultures and providing exceptional customer service, ClosedWon and Harvest Solutions will enhance what we offer to our clients who are determined to optimise the latest technology and leverage digital customer engagement to drive growth.” ClosedWon is a Salesforce Silver Cloud Alliance Partner that provides custom mobile and desktop solutions for business across the Salesforce Customer Success Platform. Harvest Solutions’ goal is to build a CRM system for organisations that help analyse customers and opportunities, follow fast moving trends and identify and strengthen successful marketing programs. LiquidHub is a digital integrator that partners with businesses to improve customer engagement and drive growth.

Matchtech Group Plc (UK) to acquire Networkers International Plc (UK)
Deal Size: Unspecified Industry: HR consulting Date: January 2015
Matchtech Group, the specialist engineering and professional services recruitment agency, announced that it has reached an agreement to acquire Networkers International plc, an AIM-listed global recruitment consulting company focused on the telecoms and broader technology sectors. Matchtech said it expects the deal to boost its earnings in the first full financial year after it completes. It said it will accelerate its aim of becoming the “market leading” specialist recruiter in engineering and technology in the UK and internationally. “We continue to see major opportunities in our core markets of white collar engineering and technology recruitment. Both digitization and converging technology is creating further opportunities in these areas and the addition of telecoms recruitment to our portfolio creates an even stronger specialist group,” Matchtech’s new CEO Brian Wilkinson said in a statement. Matchtech Group plc provides contract, temporary, and permanent staffing services for private and public sectors in the United Kingdom and internationally. Networkers International PLC operates as a recruitment consultancy company in Africa, Asia, Europe, the Middle East, and the Americas.

GrowthPlay, LLC (USA) acquired Force Management, LLC (USA)
Deal Size: Unspecified Industry: Business consulting Date: January 2015
GrowthPlay, an integrated sales effectiveness services provider that helps organisations drive profitable revenue growth, announced it has acquired Force Management, LLC, a Charlotte, NC based sales consulting and training firm specialising in helping sales organisations increase revenue, improve sales margins and gain market share. This represents GrowthPlay’s second acquisition in as many months. “Force Management has a strong suite of sales enablement programs and tools that help address the growing gap we see today in sales and business development expertise,” said GrowthPlay CEO Dan Weinfurter. “The combined strengths of GrowthPlay and Force Management will enable the company to offer an enhanced suite of end-¬to end sales solutions to help clients deliver measurable improvement of their own results by boosting sales force and client-¬facing teams’ effectiveness. Joining GrowthPlay is the entire team of Force Management professionals including founding partners, Grant Wilson and John Kaplan. “Our new collaboration with GrowthPlay is the best way to accelerate the expansion of capabilities that our customers have asked for,” said Grant Wilson, Managing Partner, Force Management, LLC. As a result, we’ll have additional capital to broaden our services, as well as the opportunity to collaborate with other leading sales effectiveness partners within the GrowthPlay organisation.” Force Management, LLC provides customised sales consulting and training services to high-technology organisations, workforce management companies, manufacturing and industrial companies, and healthcare companies worldwide. GrowthPlay, LLC provides solutions, content, training, and consulting services for companies to improve sales.

Qualified Benefits, Incorporated (USA) acquired Strategic Pension Services, Inc. (USA)
Deal Size: Unspecified Industry: HR consulting Date: January 2015
QBI, LLC, a leading provider of administration and consulting services for qualified retirement plans, has announced its acquisition of Strategic Pension Services, Inc. QBI President and Chief Executive Officer Nick Stonnington said of the acquisition, “We couldn’t be more excited to welcome the clients and staff of SPS to QBI. Our groups align philosophically and professionally in a way that defines what we believe is a truly good fit. We expect that clients and trusted partners will benefit as a result of our combined strengths and offerings.” SPS, led by CEO Doug Van Galder, has been very successful in building 401(k) and 403(b) relationships since 2004 with an experienced team of consultants and administrators. Van Galder, who, along with his colleagues, will join the QBI team, said, “It was very important for us to merge with a company whose ethical and professional commitment matched ours. QBI is definitely that organisation. I’m excited about contributing to the company’s strategic vision of expanding its presence in Southern California and growing as a recognised expert partner to industry professionals.” Qualified Benefits, Incorporated defines, implements, and administers retirement plans for companies and entrepreneurs. Strategic Pension Services, Inc. provides consulting and administrative services for retirement plans.

Smart Employee Benefits Inc. (Canada) acquired Paradigm Consulting Group Inc. (Canada)
Deal Size: Unspecified Industry: Management consulting Date: January 2015
Smart Employee Benefits Inc. (“SEB”) is pleased to announce that its indirect wholly owned subsidiary, 101270941 Saskatchewan Ltd., has acquired all of the issued and outstanding shares of Paradigm Consulting Group Inc. and all of the issued and outstanding units, directly and indirectly, of PCGI Consulting Services Partnership. Paradigm is a very strategic acquisition for SEB, bringing significant government and corporate client relationships along with technical skills and expertise, which allow SEB to compete more effectively in Western Canada, particularly in the areas of healthcare and benefits administration and adjudication. SEB has made significant progress in developing a presence in Western Canada and Paradigm consolidates SEB’s strength, providing local presence and delivery capability to service and manage important client relationships in this marketplace. Mark Hustak, President/CEO of Paradigm states, “Having grown unique specialties in healthcare IT and managing and transacting big data, SEB has the ability to significantly deepen our expertise in our current markets and beyond. With SEB, we are poised for delivery of high value-add solutions that satisfy customers’ most relevant needs in the growing demand for immediate Business Intelligence around Big Data.” He continues, “Paradigm has been evaluating its options during the last year to expedite our growth prospects. Over the past 23 years, Paradigm has provided management consulting, change management, and application and IT services to corporate and government clients. Paradigm has over 150 billable consultants, mostly employees, who service a legacy client base where the top 10 clients have an average engagement history of over 12 years. Paradigm has unique specialty practices and strong client relationships in healthcare, government, technology integrators, insurance and utilities. The SEB Group gives Paradigm the opportunity to incorporate advanced software and solutions into its sales mix. These solutions will have significant value for the majority of Paradigm’s client base. SEB has made significant progress in establishing a footprint in Western Canada and Paradigm gives SEB the local presence and delivery capability to expedite and expand this footprint. The combination of Paradigm and SEB significantly enhances the opportunity for both companies to become a major competitor in Western Canada in providing technology to clients, particularly solutions for healthcare and benefits and claims management.” Paradigm Consulting Group Inc. (Paradigm) provides information technology and business direction and solutions to government and private industry throughout North America.

GCR, Inc. (USA) acquired Quest Information Systems, Inc. (USA)
Deal Size: Unspecified Industry: IT consulting Date: January 2015
New Orleans-based technology and professional services company GCR Inc. (GCR) expanded, acquiring Quest Information Systems (Quest) of Indianapolis, Indiana. Quest is a leading provider of government software solutions for voter registration, elections and campaign finance. “The acquisition is a natural fit and complements GCR’s government technology solutions team with new capabilities, products and markets,” says Dan Cox, GCR’s CEO. “Quest’s expertise in delivering mission-critical voter registration and campaign finance applications aligns with GCR’s strategy for continued growth and expanding capabilities within state and local governments.” Steve McNear, President of Quest, expanded on the synergistic potential, “By combining Quest’s FirstTuesday® product line with GCR’s data migration, GIS, and custom application development expertise, Secretaries of State and State Ethics Commissions can fully-automate and modernise election functions, improve back-office processes and efficiencies, and, expand and extend online services for citizens.” Todd Bouillion, Vice President and director of GCR’s Public Sector, is enthusiastic about the new alignment, “GCR has known the Quest team for many years, and we believe the shared talent and resource groups will create exceptional value for the state and local agencies we serve.” Quest Information Systems, Inc. provides custom software development, software management, IT consulting, and support services. GCR, Inc. provides consulting services and technology solutions for government and commercial clients in the United States.

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