Consulting Sector M&A Deals for week beginning 9th February

businessman doing handstand on the beachMiraMed Global Services, Inc. (USA) acquired On Call Consulting, LLC (USA)
Deal Size: Unspecified Industry: Healthcare consulting Date: February 2015
MiraMed Global Services, LLC (MiraMed), headquartered in Jackson, Michigan, is pleased to announce the acquisition of On Call Consulting, LLC (OCC). OCC is the latest addition to join the family of MiraMed Global Services. OCC is a leader in health information management (HIM) consulting, offering services in clinical documentation improvements, oncology data management, coding, recruiting and case management. MiraMed, a full-service healthcare business process outsourcing (BPO) provider, believes this strategic move will result in synergy for both companies. Tony Mira, MiraMed President and CEO explains, “MiraMed stands as the premier global provider of BPO solutions to healthcare organisations nationwide. MiraMed strives to provide a broad portfolio of customisable solutions, uncover and capitalise on hidden financial opportunities, improve productivity and ultimately increase value for our clients. The addition of On Call Consulting allows us to offer our clients even greater efficiencies.” This sentiment is shared by Ron Manzani, MBA, President of On Call Consulting. Manzani continues, “In these challenging times of decreased financial and staffing resources, the increased need for healthcare providers to collect and submit accurate data to ensure they receive total and correct reimbursement is more vital than ever. OCC is excited to be part of the MiraMed family. This is a great opportunity that will allow us to better service our clients and build a stronger company together.” MiraMed Global Services, Inc. provides business process outsourcing solutions to healthcare organisations in the United States. On Call Consulting, Inc. provides onsite and remote coding professionals to address temporary vacancies, backlogs, vacation coverage, and seasonal volume increases in the healthcare sector. It also offers oncology data management solutions, which include onsite and remote certified tumor registrars; and clinical documentation specialists, trauma registrars, and case management consultants.

Exova Group plc (UK) acquired Environmental Evaluation Limited (UK)
Deal Size: Unspecified Industry: Environmental consulting Date: February 2015
Exova Group plc, the global testing, calibration and advisory services provider, has acquired UK-based environmental testing specialist Environmental Evaluation Limited (EEL). EEL is recognised as a leader in asbestos management services for the nuclear decommissioning industry. The company also provides specialist asbestos testing and inspection to a range of private and public sector customers, along with stack emissions testing, occupational hygiene advisory services and health & safety training. EEL is based in Oldham and employs 83 staff. The deal extends Exova’s geographical reach and capabilities within the UK, as well as opening up growth opportunities in new market segments. Demand for environmental testing has increased as organisations aim to meet increasingly stringent national and international regulations. Exova is now well positioned to capitalise on this demand through its comprehensive range of services. Ian El-Mokadem, chief executive officer of Exova, said: “Acquiring Environmental Evaluation Limited not only brings new, scalable capabilities to our existing environmental testing business, but also furthers Exova’s ambition to provide a wider range of services to existing customers and to access new markets.” Environmental Evaluation Limited provides consulting and monitoring services in Europe. Exova Group Limited provides laboratory based testing, calibration, and related advisory services worldwide.

eCargo Enterprise Limited (Hong Kong) to acquire Amblique Pty Ltd. (Australia)
Deal Size: $4.6 million Industry: Marketing consulting Date: February 2015
eCargo Holdings Limited has announced that its wholly owned subsidiary, eCargo Enterprise Limited, has entered into a Share Purchase Agreement to acquire 100 percent of Australian e-commerce consultancy Amblique Pty Limited, providing an expanded service and solution offering to eCargo’s existing retail and fashion merchants. Founded in 1999, Amblique is one of Australia’s most prominent e-commerce service providers of omnichannel strategies, retail practice and site optimisation services to help retailers and brand owners sell more. We are hugely excited about the opportunities this new partnership will enable for our customers.” said Justus Wilde, founder of Amblique. “E-commerce success is driven by customer experience. We are now able to combine our Demandware storefront solution with logistics and marketplace automation on a global scale. Every merchant is chasing growth and we expect the China e-commerce market to be five times larger than the summation of the next five markets by 2020. Our China entry solution will make this opportunity accessible and provide local expertise and resources.” Amblique Pty Ltd., a digital agency, provides online strategy, e-commerce (EMS), and Web development/design solutions to advertising, media, finance, insurance, distribution, technology/software, medical, education, and non-profit industries. eCargo Enterprise Limited provides ecommerce technologies.

Carr, Riggs & Ingram, LLC. (USA) acquired Self, Maples & Copeland, P.C. (USA)
Deal Size: Unspecified Industry: Financial advisory Date: February 2015
Carr, Riggs & Ingram, LLC (CRI), one of the top 25 accounting firms in the country, has acquired the Oneonta, Alabama-based accountancy Self, Maples & Copeland. The staff and management team will remain in Oneonta and will start operating using the CRI firm brand. “Blending Self, Maples & Copeland’s long-term care and data processing services expertise with our existing service lines and team positions CRI as the powerhouse provider of healthcare and IT consulting services across the South,” stated William H. Carr, chairman and managing partner of CRI. “With both of these sectors continuing their trend of rapid growth, we are strategically investing in resources to match the growing need for related specialty services. Adding the Self, Maples & Copeland team and expertise allows us to share best practices and, ultimately, even further strengthen our efficiency of client service delivery.” Self, Maples & Copeland has provided a broad range of accounting, tax, and advisory services for more than forty years, including specialties that now broaden CRI’s offerings. Specifically, the firm provides data processing services for payroll processing, application hosting, and document management. The firm also delivers a spectrum of specialised services such as Medicare and Medicaid cost reimbursement advisory services, Medicaid and Medicare cost report preparation, and HIPAA consultation to various healthcare providers, many of which are long-term care entities. Their client base includes more than half of the nursing homes in the state of Alabama in addition to approximately 100 facilities located in other states. CRI specialises in core vertical industries, including construction companies, manufacturing and distribution companies, healthcare entities, not-for-profit organisations, governmental entities, financial institutions, and insurance organisations. The firm also offers specialised services including business consulting, forensic accounting, IT audit and assurance, SEC compliance, service organisation control (SOC) reports, tax, transaction advisory services, and wealth management.

McGladrey LLP (USA) to acquire Sellers Richardson Holman & West, LLP (USA)
Deal Size: Unspecified Industry: Financial advisory Date: February 2015
Sellers Richardson Holman & West LLP (SRHW), a Birmingham accounting firm, has made a deal to be acquired by McGladrey LLP, a large national company, according to a news release from the firms. McGladrey, with about 7,000 employees in 80 U.S. cities, describes itself as the leading U.S. provider of assurance, tax and consulting services focused on the middle market. “Culturally, our firms are very similar,” Dunn said in the news release. “We share a strong commitment to our people, quality and exceptional client service.” “Having such a strong practice in Birmingham will enable us to more broadly serve businesses in Alabama and surrounding states,” McGladrey managing partner and CEO Joe Adams said in the release. SHRW focuses on public and private middle-market companies and high net worth families with operations across the U.S. and abroad. McGladrey LLP is a public accounting firm. The services provided by the firm include accounting, auditing, taxation and consulting services, public offering, and related services to businesses and organisations of all sizes.

Attivo Group Limited (UK) acquired Sanderson Financial Consulting (UK)
Deal Size: Unspecified Industry: Financial advisory Date: February 2015
Gloucestershire-based wealth management and investment group Attivo has announced it is acquiring Reading-based Sanderson Financial Consultancy. Stephen Harper, chief executive of Attivo Group, which is headquartered in Cheltenham, said: “We have set ourselves the challenging target of 12 acquisitions in 2015, continuing the ambitious growth of the group to reach our target of £1 billion funds under management by the end of 2015, with plans to double this figure by 2017. Tony Main, managing director at Sanderson Financial Consultancy, said: “My clients are hugely important to me and the prime consideration for me was how they would be looked after once my business was transferred. I did not want Sanderson clients complaining to me about the service, or lack of it, from a new firm. I entered this financial services sector to offer my clients a first class investment and wealth management service and I am confident that, with Attivo, they will continue to receive the excellent investment advice which they deserve.” Sanderson Financial Consultancy Ltd., a financial advisory company, provides wealth creation and wealth management services to private individuals. Attivo Group Limited provides pension advice, retirement planning, investment advice, and tax planning services to private and corporate clients in United Kingdom.

Solucom SA (France) acquired Hudson & Yorke Ltd. (UK)
Deal Size: Unspecified Industry: Management consulting Date: February 2015
Solucom announces the acquisition of Hudson & Yorke, a consulting firm based in London. Founded in 2006, Hudson & Yorke is a specialist management consultancy focused on strategic ICT advisory. Its offering includes support to clients conducting large-scale ICT sourcing programmes in the UK, Europe or globally. This transaction is in line with Solucom’s strategy to gradually extend its international reach. The acquisition of Hudson & Yorke offers Solucom the two-fold opportunity of gaining a foothold in a key consulting market and strengthening its client portfolio with the addition of blue chip multinationals. The merger will also enable Solucom to provide its French clients with better advice for their UK-based operations. For Hudson & Yorke, the merger is an opportunity to deploy its specialist service offer to new major accounts within the Solucom client portfolio. As such, the newly-merged entity will pool the resources and expertise of both firms with an ambition to become a leading IT-sourcing advisory firm in Europe. “This merger with one of the top-ranking consultancy firms in France is an excellent opportunity for our company. Solucom started out as a firm similar to Hudson & Yorke and we are very impressed with their subsequent growth trajectory” said Harry McDermott, CEO of Hudson & Yorke. “We will undoubtedly benefit from Solucom’s experience of service diversification which will accelerate our expansion and help us to broaden our offer to clients. We look forward to developing new opportunities for our team and to attracting new talent. We are also excited at the opportunity to help with Solucom’s development both in the UK and internationally” he adds. Hudson & Yorke Limited, a strategic ICT management consulting company, focuses on serving large organisations with complex ICT infrastructures and contractual arrangements. Solucom Société Anonyme operates as a management and information technology (IT) consulting company primarily in France.

The Advisory Board Company (USA) acquired Clinovations (USA)
Deal Size: Unspecified Industry: Healthcare IT consulting Date: February 2015
The Advisory Board Co. is adding to its healthcare offerings with the acquisition of Clinovations, a Washington-based health information technology consulting firm. “Its advantage is being able to offer peer-to-peer discussions,” said Dr. Trenor Williams, Clinovations’ CEO and co-founder. “When the company was founded in 2008, only 5% of physicians were placing orders for labs and drugs using health IT systems—now that number tops 60%. With the Advisory Board, the firm will be able to offer a broader set of services, and will be able to tap into the larger company’s existing offerings around value-based care and population health management.” “Clinovations brings a whole new comprehensive dimension,” said John Deane, president of the Advisory Board’s consulting and management division. “It really fills a need that complements what we already offer.” The Advisory Board Company provides best practices research and analysis, business intelligence and performance technology software, and consulting and management services to the health care and education industries in the United States and internationally. Clinovations, LLC offers healthcare and management consulting services.

GoldSpring Consulting (USA) acquired Management Alternatives, Inc. (USA)
Deal Size: Unspecified Industry: Business consulting Date: February 2015
GoldSpring Consulting LLC said it has acquired Management Alternatives, Inc. (MAI) as part of its strategic growth plan. “This acquisition will help us reach our growth and service offering goals much more quickly than we had initially envisioned,” said Mark Williams, GoldSpring partner. “Our mission matches the MAI vision to deliver high value business advisory services across all business travel sectors. This acquisition dramatically expands our range of services and supports that vision.” “As the industry’s first buyer-focused travel management consultancy, over our 37 year history we helped more than 700 organisations be more successful,” said Carol Ann Salcito, MAI’s owner, president and CEO. “We are proud to see our tradition of independence, integrity, and innovation continue with GoldSpring.” Carol will have an ongoing role as Senior Advisor for GoldSpring. GoldSpring Consulting provides consultancy services to support all aspects of corporate travel programs, including software solutions to analyse and benchmark programs. Management Alternatives, Inc. offers travel management consulting services.

Abt Associates Inc. (USA) acquired Stratus Consulting, Inc. (USA)
Deal Size: Unspecified Industry: Environmental consulting Date: February 2015
Abt Associates has acquired Stratus Consulting, expanding Abt’s environmental expertise and diversifying its client base. Financial terms were not disclosed. Boulder, Colo.-based Stratus Consulting will bring its federal, state, tribal and international government agency clients to Abt, integrating itself into Abt to form a new Environment and Natural Resources division. The division will be led by former Stratus president and CEO Joshua Lipton, who will report to Abt executive vice president and chief business officer Jay Knott. Mike Conti, who has led Abt’s environmental practice, will be chief operating officer for the division, the company said in a release.“Combining with Stratus allows us to diversify our client roster and expand our environmental and ecological sciences capabilities. This merger of dedicated talent creates new opportunities for the growth of our environment and climate change portfolio,” Knott said. Stratus Consulting, Inc. provides environmental research and consulting services. Abt Associates Inc. provides research and program implementation services in the fields of health, social and environmental policy, and international development.

Korn/Ferry International (USA) to acquire Pivot Leadership (USA)
Deal Size: Unspecified Industry: Management consulting Date: February 2015
Korn Ferry, a single source of leadership and talent consulting services, announced that it has entered into a definitive agreement to acquire Pivot Leadership, a global provider of innovative, customised and scalable executive development programs. Pivot Leadership helps companies to implement their strategies and growth plans as well as their leadership development initiatives. The firm has deep expertise in providing customised experiences and immersion solutions to senior executives around the world. Pivot Leadership, which will be part of Korn Ferry’s Leadership and Talent Consulting segment, will enhance the firm’s ability to transform companies by working with CEOs and leadership teams to activate and accelerate their strategy through people. “We’re excited about Pivot Leadership joining Korn Ferry,” said Gary D. Burnison, CEO of Korn Ferry. “Pivot Leadership’s world class executive learning capabilities, when coupled with Korn Ferry’s vast and proven talent management offerings, will offer an unrivaled ability to integrate a client’s talent strategy with their business strategy. This acquisition will also add valuable talent to our Leadership and Talent Consulting segment, as we continue our efforts to scale the business.” Korn/Ferry International, together with its subsidiaries, provides talent management solutions that help clients to design strategies in building and attracting their talent. It operates in three segments: Executive Recruitment, Leadership & Talent Consulting (LTC), and Futurestep. Pivot Leadership, Inc. offers consulting services to organisations for leadership development, sustainable growth, and globalisation.

Synoptek, Inc. (USA) acquired Pay Per Cloud (USA)
Synoptek, Inc. (USA) acquired Rocket Science Consulting (USA)
Deal Size: Unspecified Industry: IT consulting Date: February 2015
Synoptek, a rapidly expanding IT managed services and cloud solutions provider based in Irvine, has acquired both Rocket Science Consulting and Pay Per Cloud, as part of the company’s 2015 nationwide expansion plan. In a strategic move to meet the growing demand for IT management and development services in the San Francisco Bay Area, Synoptek acquired Rocket Science Consulting, a managed IT services and consulting firm. With the Rocket Science Consulting focus on cloud computing, 24×7 IT management, Apple device support, IT consulting, and application development services, this acquisition will expand Synoptek’s customer base and geographic footprint and enhance the organisation’s design and development capabilities—to offer a personalised white-glove service approach. Rocket Science Consulting’s unique support approach and infinite desire to reach the highest levels of client satisfaction aligns perfectly with Synoptek’s mission to provide exceptional service to our customers so they continue to achieve material value in their businesses,” said Tim Britt, Synoptek CEO. “The Rocket Science Consulting team will extend our reach to serve clients in and around the Bay Area, adding to our existing skillsets that support customers across many industries.” Within one week of the Rocket Science Consulting acquisition, Synoptek announced the acquisition of Pay Per Cloud, a full-service cloud-hosting provider headquartered in Sacramento, California. Pay Per Cloud brings forth an additional portfolio of cloud services including: virtual private servers, dedicated private clouds, dedicated and managed infrastructure services, hosted exchange email solutions, disaster recovery, IT consulting, and cloud migration. Synoptek, Inc. provides information technology (IT) management and support services to organisations worldwide. Pay Per Cloud, Inc. provides cloud hosting services.

Falcon Safety Group (USA) merged with Evergreen Consulting (USA)
Deal Size: Unspecified Industry: HR consulting Date: February 2015
Falcon Safety Group announced it is merging with Quincy-based Evergreen Consulting. “Through this merger, we share decades of professional experience in human resource and safety practices and expertise,” Falcon Safety Group CEO Jeff Pacheco said. Falcon Safety Group is a safety and risk management consulting group, and the merger will help it improve its human resources expertise, Falcon Safety Group Business Development Associate Teri Peterson said. “We wanted to expand our services and Chris is an HR specialist,” Peterson said, referring to Christine Wildrick, who established Evergreen Consulting last year. “We have had an HR department in our company, but with Chris, this is an expansion of this with her wealth of knowledge about the HR industry.” “We are very excited about this merger for our clients because we know the commitment to excellent client service, caliber of people, and professional integrity that comes with Falcon Safety Group,” Wildrick said. “We will now be in a position to offer a broader array of human resource services and training to bring more value to our clients.” Both Falcon Safety Group and Evergreen Consulting offer a wide array of human resources, safety consulting and training to organisations of all sizes and industries, including Fortune 500 companies, according to a news release.

Accenture Federal Services LLC (USA) to acquire Agilex Technologies, Inc. (USA)
Deal Size: Unspecified Industry: IT consulting Date: February 2015
Accenture Federal Services (AFS) has agreed to acquire Agilex Technologies, Inc., (Agilex), a provider of digital solutions for the U.S. federal government. The acquisition will enhance Accenture’s digital capabilities in analytics, cloud and mobility for federal agencies. It also will add agile delivery expertise to further advance AFS’s ability to deliver rapid value to its clients. Terms of the transaction were not disclosed and the acquisition is subject to regulatory review and other customary closing conditions. “Acquiring Agilex will help AFS further solidify our position as an innovative leader in the federal market. Combining our digital capabilities and agile methods will accelerate our ability to help clients harness the power of emerging digital technologies and rapid, predictable systems deployment for the federal government’s most complex challenges,” said David Moskovitz, Accenture Federal Services chief executive. Agilex Technologies, Inc. provides mission and technology consulting, software and solution development, and system integration services to the national security, healthcare, and public sectors. Accenture Federal Services LLC delivers federal solutions to US federal agencies. The company provides solutions to the US government to manage change, modernise information systems, optimize key headquarters governance and processes, and create improvement strategies for enterprise performance.

RPS Group plc (USA) acquired Klotz Associates Inc. (USA)
Deal Size: $24.1 million Industry: Engineering consulting Date: February 2015
RPS Group plc announced the acquisition of Klotz Associates Inc. or “KAI”, a Texas based consultancy providing engineering, planning and environmental services, for a maximum consideration of $24.1 million or 15.9 million pounds in cash. Consideration paid to the vendors at completion was US$16.9 million or 11.1 million pounds. Subject to certain operational conditions being met, two further sums of US$4.8 million or 3.2 million pounds and US$2.4 million or 1.6 million pounds will be paid to the vendors on the first and second anniversaries of the transaction respectively. Founded in 1985, KAI has its headquarters in Houston and offices in Austin, San Antonio, Lufkin and Fort Worth. The company, which employs 116 staff, works primarily on projects associated with transport, water and land development, primarily to public sector clients in Texas. Klotz Associates, Inc. offers civil engineering services. RPS Group PLC provides advice for the exploration and production of oil and gas and other natural resources; and development and management of the built and natural environment.

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