Consulting Sector M&A Deals for week beginning 25th May

businessman doing handstand on the beachMulti-Strat RE Ltd. (Bermuda) acquired Annapolis Consulting Group (USA)
Deal Size: Unspecified Industry: Business consulting Date: May 2015
Multi-Strat Holdings Ltd. announced the acquisition of the entire business assets of the Annapolis Consulting Group LLC [ACG], an international consultancy business providing reinsurance and finality solutions for captives and corporate self-insureds. ACG specializes in the resolution of costly legacy claims and captive run-offs. The combination of ACG’s expertise and MultiStrat Re’s underwriting and capital capacity will provide captives, corporate self-insureds and other insurance companies with liquidity, growth, collateral relief and closure solutions for a wide variety of prospective and legacy claims portfolios. Bob Forness, MultiStrat Re’s CEO, commented “MultiStrat is excited to welcome the ACG team to our group of specialty reinsurance and advisory services companies. ACG’s expertise, knowledge and relationships will be essential to MultiStrat Group’s design and delivery of cost effective risk protection, capacity and legacy solutions for the captive market. ACG will be MultiStrat’s first US-based business, and the addition of ACG’s legal, claims, auditing and runoff acumen will add significantly to our overall capabilities.” Annapolis Consulting Group LLC provides reinsurance and exit strategies for captives and corporate self-insureds. Multi-Strat RE Ltd. provides reinsurance services to buyers in Bermuda.

BearingPoint Europe Holdings B.V. (Netherlands) acquired Magenta Advisory Oy (Finland)
Deal Size: Unspecified Industry: Management consulting Date: May 2015
Management and technology consultancy BearingPoint has acquired Magenta Advisory, the leading independent management consultancy for digitalization of businesses in the Nordics. Magenta Advisory helps organizations create digital advantage and works with clients ranging from global multinationals to top local companies across a spectrum of industries, such as finance, high tech, telecommunication, media and retail. With this acquisition, BearingPoint expands its offerings in the area of digital transformation and accelerates growth in the Nordic region. “Digital is one of the most important elements of our firm-wide strategy that goes beyond the typical boundaries of industries, service lines, and countries. The acquisition of Magenta Advisory strengthens our digital transformation capabilities and furthers our aim of making our clients more competitive and better positioned for the future. We are very excited about the growth opportunities this new acquisition opens up for us in the Nordics and firm-wide,” says Peter Mockler, Managing Partner BearingPoint. “For Magenta Advisory, this is a logical next step in continuing our rapid growth as the leading independent digitalization management consultancy in the Nordics,” says Markus Huttunen, Managing Director of Magenta Advisory. “Our clients will benefit from even stronger consulting services backed by BearingPoint’s strong industry and technology expertise as well as scale in delivering digital transformation assignments. This will also bring new professional development opportunities for our consultants in a global environment. The company founders, including myself, are thrilled about this development and are eager to move the business forward!” Magenta Advisory Oy provides management consulting services for digital businesses. It offers strategy development, customer journey design, data and analytics integration, and communication and marketing automation services. BearingPoint Europe Holdings B.V. provides management and technology consultancy services globally.

FTI Consulting (USA) acquires Global VAT Compliance (Netherlands)
Deal Size: Unspecified Industry: Financial advisory Date: May 2015
The addition of Global VAT Compliance, based in The Hague, Netherlands, further strengthens FTI Consulting’s tax advisory practice, and complements the existing corporate tax work it undertakes in the UK and across the world through the WTS Alliance. Global VAT Compliance provides international VAT advice and reporting services to medium-sized and large multinational companies, covering every aspect of VAT compliance including registration, representation and reporting. Marvin Rust, head of the European tax advisory services at FTI Consulting EMEA said, ‘We are delighted by this acquisition, which will play a central role in our growth strategy. ‘The addition of Global VAT Compliance’s centralised processes and state of the art technology enables us to offer the full range of VAT and tax services, and further enhances our offering to our clients who seek a real alternative to the Big Four.’ FTI Consulting, Inc. operates as a business advisory firm enabling organizations to protect enterprise values in complex economic, legal, and regulatory environments worldwide.

The Boston Consulting Group, Inc. (USA) acquired BrightHouse, LLC (USA)
Deal Size: Unspecified Industry: Marketing consulting Date: May 2015
Seeking to deepen its expertise in organizational transformation and bring the power of creativity to positively impact business, The Boston Consulting Group (BCG) announced the acquisition of BrightHouse, LLC, a global consultancy with a top reputation in purpose-driven consulting, a field it pioneered and has continued to lead for 20 years. BCG also announced the hiring of Doug Shipman, founding CEO of the National Center for Civil and Human Rights in Atlanta and a BCG alumnus, as incoming CEO of BrightHouse. Based in Atlanta, BrightHouse works with organizations to define their true purpose and then align their culture, strategy, and branding around that purpose to accelerate transformation and value creation, while positively impacting society. BrightHouse’s unique methodology and frameworks have been adopted by Fortune Global 500 companies, including American Express, Delta Air Lines, Michelin, Nestlé, and Procter & Gamble. “By adding BrightHouse’s creative strengths to BCG’s, we can each expand our offerings and fulfill greater, deeper, and longer-term client demand. Together, we have one-of-a-kind capabilities — a holistic solution and partner for both purpose articulation and activation across our clients’ entire organizations to create transformative growth.” Mike Deimler, an Atlanta-based senior partner who is spearheading an initiative to expand BCG’s service offerings, said the acquisition signaled the firm’s commitment to bringing new sources of value creation to BCG’s clients, consistent with the launch of BCG Digital Ventures in 2014. The Boston Consulting Group (BCG) is a global management consulting firm and the world’s leading advisor on business strategy. BrightHouse, LLC provides idea and purpose consultancy services for Fortune 500 companies. It offers ideation consulting, purpose activation, purpose articulation, purpose-driven branding and marketing, purpose-driven innovation, and culture and values drive strategy and tactics services.

Cenergy International Services, LLC (USA) acquired Control Zone Solutions (USA)
Deal Size: Unspecified Industry: Business consulting Date: May 2015
Cenergy International Services LLC, a Houston-based staffing company that focuses on the oil and gas industry, has acquired Louisiana-based Control Zone Solutions, allowing Cenergy to expand into safety consulting. “Control Zone Solutions’ extensive safety program aligned perfectly with our company’s vision,” said Megan Alarid, chief development officer at Cenergy. Control Zone applies military safety training techniques to help companies, mostly in the oil and gas industry, develop their safety programs, according to a statement from Cenergy. “I grew up working in and around the oilfields of Louisiana and saw that injuries happened even with precautions in place,” Kelly Sullivan, founder of Control Zone, said in the statement. Control Zone Solutions, LLC provides consulting services for oil and gas industry. Cenergy International Services, LLC provides outsourced professional and technical staffing services for the oil and gas industry.

Tier 1 Performance Solutions, LLC (USA) agreed to acquire First Class Solutions, Inc. (USA)
Deal Size: Unspecified Industry: Financial advisory Date: May 2015
TiER1 Performance Solutions, a Northern Kentucky-based business consulting firm, will acquire Indianapolis workplace training development company 1st Class Solutions in a deal that will close June 1. The company declined to disclose the financial terms of the acquisition. Indianapolis joins Denver, Pittsburgh and Chicago on the list of cities with a TiER1 location. The company currently has 125 employees across four markets. The Indianapolis office will retain all of its employees as well as former 1st Class president Karen Zwick, who will now serve as principal consultant and learning strategist for TiER1 in Indianapolis. The company has not yet selected an Indianapolis office space. TiER1 was included on the Inc. 500 list of fastest growing companies and was awarded among the Courier’s Best Places to Work in 2014. The Covington-based consulting firm that helps companies teach employees to develop skills and implement change recently donated $1 million worth of services to help workers cope with mental illness. First Class Solutions, Inc., an information technology and healthcare consulting company, provides consulting services for health information management (HIM) environments in the United States. Tier 1 Performance Solutions, LLC offers organizational effectiveness, strategic change, and corporate learning solutions.

Capita plc (UK) acquired Pervasive Networks Ltd. (UK)
Deal Size: Unspecified Industry: IT consulting Date: May 2015
Capita plc acquired Pervasive Limited, an IT solutions provider specialising in enterprise wireless networks, mobility and ‘bring your own device’ solutions. The business will sit within Capita IT Enterprise Services as part of the Technology Solutions division. Pervasive Networks has a large client base across a range of sectors including further and higher education, local government and health services. It is the leading partner in Europe, Middle East and Africa for networking provider Aruba Networks which has recently been acquired by HP. The business currently has 76 employees with key sites in Newbury and Manchester. Capita’s acquisition of the IT solutions provider will give its Technology Solutions Division its fifth specialist business unit focussed on mobility whilst further boosting capability within storage, compute and security obtained through its recent acquisitions of Solid State Solutions (S3) and IT security reseller Network Technology Solutions. Pervasive Networks Ltd. provides business solutions, and technology and lifecycle services to education, healthcare, government, and enterprise clients. Capita plc provides customer and business process management services to private and public organizations in the United Kingdom and internationally.

Mercer, Inc. (USA) acquired Kepler Associates Ltd. (UK)
Deal Size: Unspecified Industry: IT consulting Date: May 2015
Global talent, health, retirement and investments consulting firm Mercer has acquired London-based remuneration specialist firm Kepler Associates. The deal strengthens Mercer’s capabilities in executive rewards in the UK. Kepler Associates (Kepler) is an in 2000 founded advisor on executive remuneration, which provides advice on all aspects of remuneration design and implementation to Remuneration Committees and management teams with the goal to make the reward strategy a source of competitive advantage. The UK firm, based in London, advises on UK, European, Asia-Pacific, Middle East and US remuneration. “Our intention is to build Mercer’s executive rewards capabilities globally and this marks a great step forward in the growth of our Talent business,” explains Ilya Bonic, President of Mercer’s Talent business. “This acquisition enables us to combine Kepler’s skills in Executive Reward with Mercer’s capabilities in the UK and globally. We will be providing an unrivalled service in an increasingly globalised pay environment.” For Kepler, joining Mercer will allow the firm to broaden its international and below-board capabilities and provide it flexibility to grow and expand. Kepler Associates Limited provides independent advisory services for remuneration committees. Mercer, Inc. offers consulting and advisory services in areas of talent acquisition, workforce management, retirement, health, benefits administration, investment banking, and financial sector.

Beyondsoft Consulting, Inc. (USA) agreed to acquire Piraeus Data (USA)
Deal Size: $7.5 million Industry: Management consulting Date: May 2015
Beyondsoft and Piraeus Consulting announced that Beyondsoft Consulting North America has entered into an agreement to acquire Piraeus Consulting, a leading management consulting and business intelligence firm for up to $7.5 million. The acquisition deepens Beyondsoft’s business intelligence and digital marketing analytics services capabilities. Headquartered in Seattle, Washington, Piraeus Consulting was founded in 2006 with the vision to help companies transform data into actionable business intelligence to improve the bottom line. The company provides high-end IT and business management consulting services to a roster of large enterprise and mid-sized companies. These services include project management, business intelligence, data analysis and data modeling, cloud computing as well as digital marketing and sales channels performance analysis. “The ability to understand data and make data actionable is the secret sauce that helps companies be successful. Our more than 450 customers worldwide will greatly benefit from our expanded business intelligence services. By combining deep analytics with our existing digital marketing services, cloud management services, and application development capabilities, we can help companies create more innovative products, better engage with their customers and find more efficient ways of running their business,” says Alvin Yang, Senior Vice President at Beyondsoft. The acquisition of Piraeus Consulting will further enhance Beyondsoft’s digital and interactive marketing services portfolio, which includes interactive digital strategy, e-commerce strategy and services, content services, architecture and development, web and cloud operations, marketing and web analytics and interactive portfolio management. Piraeus Consulting LLC provides management consulting services to enterprise and mid-market clients. Beyondsoft Consulting, Inc., an IT solutions company, operates in the area of Smartphones, including the iPad, iPhone, Android and Blackberry.

Tech Data Corp. (USA) to acquire certain assets of Signature Technology Group, Inc. (USA)
Deal Size: Unspecified Industry: IT consulting Date: May 2015
Tech Data Corporation announced it has entered into an agreement to acquire certain assets of Signature Technology Group, Inc. (“STG”), a leading provider of data center and professional services throughout North America. STG’s services will be offered through Tech Data’s Advanced Infrastructure Solutions (AIS) division, the company’s data center business in the Americas. “We are proud to welcome STG and its employees to the Tech Data family,” said Joe Quaglia, president, the Americas at Tech Data. “The addition of STG strengthens our data center offering, further diversifies our services portfolio, and—most importantly—provides added value for our customers. STG has trusted relationships with some of Tech Data’s most strategic channel partners and their commitment to superior customer service and focused execution is aligned with our own. We look forward to the many opportunities ahead for our combined team.” Tech Data Corporation engages in the wholesale distribution of technology products.

Stryde (USA) acquired Fit Marketing (USA)
Deal Size: Unspecified Industry: Marketing consulting Date: May 2015
Stryde, an innovative content marketing company in Salt Lake City, announced that it has acquired Lehi, Utah-based Fit Marketing. The acquisition combines two driven teams into one topnotch content marketing firm. Founded in 2009 by Owen Fuller, Fit Marketing steadily grew to emerge as a leading inbound marketing agency. In 2012, Dave Bascom joined Fit and helped them evolve from a full-service, CMO-for-hire business model, to a more narrow focus of inbound digital marketing: content, search, social media and video. Fit’s CEO Dave Bascom and founder Owen Fuller will continue working with Stryde as strategic advisors. “I’m thrilled about this merger,” Bascom said. “It’s a perfect match in many ways. Greg Shuey and the team at Stryde are some of the smartest digital marketers I know. Our companies’ cultures and approaches to business are extremely similar. Our teams’ strengths complement each other. We’re now positioned to better meet the needs of our current and future clients. I know the combined team will accomplish amazing things.” Fit Marketing LLC provides inbound marketing services. Stryde, Inc. offers content creation, distribution, and promotion services.

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