Consulting Sector M&A Deals for week beginning 27th April

businessman doing handstand on the beachMcGladrey LLP (USA) to acquire substantially all the assets of PKF San Francisco (USA)
McGladrey LLP (USA) to acquire substantially all the assets of Wolfe Nilges Nahorski (USA)
Deal Size: Unspecified Industry: Financial Advisory Date: April 2015
McGladrey LLP, the nation’s leading provider of assurance, tax and consulting services focused on the middle market, announced that it has reached an agreement in principle to acquire substantially all the assets of Bay area firm PKF San Francisco and St. Louis-based Wolfe Nilges Nahorski (WNN). McGladrey expects to enter into definitive agreements and close both transactions on Aug. 1, 2015. The transactions will enhance McGladrey’s presence as a leading provider of assurance, tax and consulting services focused on the middle market in the Bay area and St. Louis markets. The firms will join existing McGladrey offices in both cities. “Joining forces with PKF San Francisco and WNN is an important step in McGladrey’s vision to be the first-choice advisor to middle market leaders across the country,” said Joe Adams, managing partner and CEO of McGladrey. “Enhancing our existing practices in both markets will enable us to more broadly serve businesses there while creating opportunities for our clients and our people. We look forward to welcoming our new team members.” PKF San Francisco provides comprehensive auditing, advisory and taxation services. WNN is a full-service certified public accounting and consulting firm offering creative and strategic solutions to help you achieve success. McGladrey LLP is the leading U.S. provider of assurance, tax and consulting services focused on the middle market, with more than 8,000 professionals and associates in more than 80 cities nationwide.

Capgemini North America, Inc. (USA) to acquire iGATE Corporation (USA)
Deal Size: Unspecified Industry: IT Consulting Date: April 2015
French consulting firm Capgemini said Monday it was acquiring U.S.-based IGATE for $4 billion. The companies confirmed the deal in a joint statement and said both boards had approved the acquisition. “I am very pleased to announce a very important transaction in Capgemini’s history. IGATE is a leading company that perfectly fits our strategic ambition. It will give us a new status on the American market, and take further our industrialization journey to offer ever more competitive services to our clients,” Capgemini chairman and CEO Paul Hermelin said in a statement. “This will also give to the Group’s Indian operations a new scale, allowing us to compete on par with the best US-based and Indian-based companies,” Hermelin said. The acquisition, which requires regulatory approval, is expected to close in the second half of this year. IGATE, a technology and services company with headquarters inBridgewater, New Jersey, posted revenues of $1.3 billion in 2014.

Tetra Tech Inc. (USA) to acquire Cornerstone Environmental Group, LLC (USA)
Deal Size: Unspecified Industry: Engineering Consulting Date: April 2015
Tetra Tech, Inc. announced that it has signed a definitive agreement to acquire Cornerstone Environmental Group of Middletown, New York and anticipates closing this transaction in May 2015. Cornerstone is an environmental engineering and consulting firm focused on solid waste markets in the United States. The company has more than 160 employees and approximately $30 million in annual revenue. “Utilities are faced with the challenge of responding to new U.S. Environmental Protection Agency regulations related to coal combustion residuals disposal requirements,” said Dan Batrack, Tetra Tech’s Chairman and CEO. “The acquisition of Cornerstone will expand our solid waste capabilities and geographic presence in the United States. As the top ranked U.S. solid waste and environmental management firm, the addition of Cornerstone enhances our ability to meet our clients’ increased needs in addressing these new regulations.” Cornerstone Environmental Group, LLC operates as an engineering and environmental consulting, and field services company. Tetra Tech, Inc., together with its subsidiaries, provides consulting, engineering, program management, construction management, and technical services for water, environment, energy, infrastructure, and natural resources sectors.

GZA GeoEnvironmental, Inc. (USA) acquired Heller and Johnsen (USA)
Deal Size: Unspecified Industry: Environmental Consulting Date: April 2015
GZA GeoEnvironmental, Inc., a leading geotechnical and environmental consulting firm, announces that Heller and Johnsen of Stratford, CT has joined GZA. Heller and Johnsen is a consulting firm, established in 1993, specializing in geotechnical engineering services for real estate development and geotechnical field testing services for contractors. Larry Johnsen, one of the founders of the firm, will serve as a retained consultant to GZA and will remain actively involved in GZA’s geotechnical practice going forward. The technical staff of Heller and Johnsen includes six professional engineers who will continue to serve Heller and Johnsen’s clients and combine forces with GZA’s Fairfield, Connecticut and Glastonbury, Connecticut staff to provide significantly expanded geotechnical services for GZA in Connecticut. In the coming months the Heller and Johnsen staff and GZA’s Fairfield staff will relocate in one new office space, providing a unified presence in the local markets. “We are extremely pleased that Heller and Jensen has joined GZA,” said William Hadge, President and CEO of GZA GeoEnvironmental, Inc. “It has been a goal of ours for a number of years to further strengthen and expand our geotechnical and field testing services in southern New England, and we are very happy that Larry and his team have decided to be part of GZA. They bring a very strong reputation and outstanding client relationships to us and we look forward to continued growth of our practice.” GZA GeoEnvironmental, Inc. provides geotechnical, environmental, water, ecological, and construction management services.

Arthur J Gallagher & Co. (USA) acquired Integrated Healthcare Strategies, LLC (USA)
Deal Size: Unspecified Industry: HR Consulting Date: April 2015
US-based insurance brokerage and risk management services firm Arthur J. Gallagher and Co. has acquired US-based healthcare-focused human resources consultant Integrated Healthcare Strategies. The company provides strategic human resources consulting services specifically to healthcare organisation clients throughout the United States. They offer human resource solutions ranging across healthcare compensation consulting, governance, physician relations, employee and physician engagement, strategy and executive placement. Bob Erra and his team will continue to operate from their current locations under the direction of William Ziebell, head of Gallagher’s North Central employee benefit consulting and brokerage operations. “For more than 40 years, Integrated has built a highly-regarded and successful business based on its commitment to quality client services. Their highest priority is their clients’ needs which make them a great fit with our sales and service culture,” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “The Integrated team will be a significant addition to Gallagher’s healthcare niche and will be a great complement to our human resource, compensation and benefit consulting operations. We are pleased to welcome Bob and his associates to our growing Gallagher family of professionals.” Arthur J. Gallagher & Co., together with its subsidiaries, provides insurance brokerage and risk management services in the United States and internationally. Integrated Healthcare Strategies, LLC provides compensation and human resource consulting services to healthcare.

Launch Consulting Group (USA) acquired Averro, Inc. (USA)
Deal Size: Unspecified Industry: IT Consulting Date: April 2015
Launch Consulting has announced the acquisition of Averro, a Bellevue-based technical services company and one of the region’s fastest growing businesses. The acquisition will greatly expand Launch’s technical staffing and consulting capabilities. With the addition of Averro, Launch continues to grow its service portfolio and expertise in business strategy, business intelligence & analytics, customer experience, software development, managed services and talent services. Averro brings additional expertise in project management, business analysis and user experience (UI/UX) designers. “It’s with great pride that we welcome Averro to the Launch family,” said Rick Nelson, Launch Consulting CEO. “Averro owner Rob Meredith built a great business and strong team. This addition will provide more resources and growth opportunities for our collective clients, employees and job candidates.” Averro, Inc. is an information technology and business consulting company. Launch is a veteran-owned and operated technology solutions firm with a mission to help our clients solve complex business problems and get the most out of their technology investments.

Kier Group (UK) to acquire Mouchel Group (UK)
Deal Size: $466.7 million Industry: Engineering Consulting Date: April 2015
Kier, the FTSE 250 property, residential, construction and services group, announces that it has entered into a conditional agreement to buy the entire issued share capital of MRBL Limited (“Mouchel”), the leading provider of repair and maintenance services to the UK strategic road network and an international infrastructure and business services group. Mouchel is an international infrastructure services and business services group. It provides advisory, design, project delivery and managed services to the highways and transportation, local government, property, emergency services, health, education and utilities markets in the United Kingdom, the Middle East and Australia. The combination of Kier and Mouchel brings together Mouchel’s leading position in strategic highways services with Kier’s presence in the local authority roads market and creates a sector leader in the growing UK highways maintenance and management market. MRBL Limited, a consulting and business services company, provides various design, managerial, and engineering services to the government agencies, local authorities, government-regulated industries, and private-sector primarily in the United Kingdom, the Middle East, and Ireland. Kier Group plc provides construction services in the United Kingdom, the Caribbean, the Middle East, and Hong Kong.

ManTech International Corporation (USA) acquired Welkin Associates Ltd. (USA)
Deal Size: $35 million Industry: Engineering Consulting Date: April 2015
ManTech International Corporation has completed the acquisition ofWelkin Associates, Ltd., formerly a wholly-owned subsidiary of CSC, for $34 million. ManTech will fund the acquisition from cash on hand. The company expects Welkin to contribute solid growth and operating margins and to be accretive to ManTech’s earnings per share in 2015. The acquisition strategically positions ManTech to pursue large engineering and support opportunities throughout the Intelligence Community and DoD. The acquisition brings highly skilled employees, virtually all directly supporting intelligence missions. Welkin will become part of ManTech’s Mission, Cyber & Intelligence Solutions Group, led by L. William Varner. “We are pleased to welcome the extraordinary people of Welkin to the ManTech family,” said ManTech Chairman and Chief Executive Officer George J. Pedersen. “This acquisition is consistent with ManTech’s strategy to expand and strengthen our presence in high-end intelligence markets. ManTech is a solution and mission-driven organization that will benefit greatly from Welkin’s market-leading capabilities and focus on developing new ways to help our customers solve people, process, and technology challenges in space and intelligence community markets.” ManTech International Corporation provides technologies and solutions for mission-critical national security programs in the United States and internationally. Welkin Associates, Ltd. offers engineering and advanced national security technology and business services.

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