Consulting Sector M&A Deals for week beginning 1st June

businessman doing handstand on the beachDeloitte Touche Tohmatsu (Australia) acquired Dataweave Pty Ltd (Australia)
Deal Size: Unspecified Industry: IT consulting Date: June 2015
Professional services giant Deloitte Australia has made another acquisition to boost its consulting business, swallowing up Sydney Oracle specialist Dataweave ahead of the big four firm’s annual results announcement later this month. Cindy Hook, chief executive at Deloitte, said “every part of the practice has grown this year but the headline numbers are really coming from consulting and risk advisory”. Dataweave is Deloitte’s fourth technology buy in the past 12 months. It will add 40 staff, including Dataweave managing director Norman Weaver, to Deloitte’s consulting practice, reporting to former Bearing Point boss Robert Hillard, who was put in charge of Deloitte’s consulting arm in February as part a leadership shake-up. Robert Hilliard, Deloitte Consulting managing partner, says the addition of Dataweave’s team to Deloitte’s ‘brings together exactly the capabilities that Australian business and government are looking for to support their business transformation goals and deal with changing markets, technology and client expectations’. Dataweave Pty Ltd provides Oracle licensing, hardware, implementation, consulting, and managed services in Australia, New Zealand, and internationally.

Sweco AB (Sweden) to acquire Grontmij NV (Netherlands)
Deal Size: Unspecified Industry: Engineering consulting Date: June 2015
Swedish consultant Sweco has reached a conditional agreement to buy all the shares of Grontmij of the Netherlands. The combined consultancy will have approximately 14,500 employees with an annual total turnover of approximately €1.7bn (£1.2bn). The offer was unanimously recommended by the executive board and the supervisory board of Grontmij and has been supported by major shareholders of Grontmij and the two largest shareholders of Sweco. The two companies see themselves as having a near-perfect fit, geographically, operationally and culturally. They have a complementary geographic footprint and a similar governance model and culture. Grontmij will add new major markets to Sweco, while Sweco will give Grontmij further access to the Nordic market. There are estimated annual synergies and operational improvements of €27m, of which 90% is expected to be realised in the first four years after settlement. Sweco CEO Tomas Carlsson said: “Combining Sweco and Grontmij will create great value for all parties involved. Sweco has a solid track record of continuous operational improvements. In terms of growth, Sweco has consistently shown its ability to successfully grow through mergers. Now that our latest large acquisition, from 2013, has been very successfully integrated, we are ready to take the next step on the European market. Sweco and Grontmij are an ideal combination, since we share the same expertise and commitment to our customers. Together with Grontmij, we aim to become a recognised industry leader in Europe.” SWECO AB (publ) provides various services in the fields of consulting engineering, environmental technology, and architecture worldwide. Grontmij N.V. provides consultancy, design and engineering, and management services in various market sectors related to the built and natural environment.

Willis North America, Inc. (USA) acquired Evolution Benefits Consulting (USA)
Deal Size: Unspecified Industry: HR consulting Date: June 2015
Willis North America, a unit of Willis Group Holdings plc, the global risk advisory, re/insurance broking, and human capital and benefits firm, announced the acquisition of Evolution Benefits Consulting, a Malvern, PA.-based strategic health and welfare benefit advisory firm. Founded in 2001, Evolution Benefits Consulting specializes in providing cost-effective, strategic health and welfare benefit advisory services to employers across various segments including education, government, health care, financial services, manufacturing and religious organizations. As part of the transaction, Evolution Benefits Consulting will merge its operations with Willis of Pennsylvania, Inc. and serve clients under the Willis brand. All of the firm’s employees including principal owners Jim DiGuiseppe, Michael Lilley and David Chisholm will join Willis. Commenting on the acquisition, Jim Blaney, CEO, Willis Human Capital Practice said, “We’re thrilled to have the team from Evolution join our Human Capital Practice. They have a fantastic reputation that complements our strong brand. This acquisition supports our investment in the human capital space where we are committed to delivering industry-leading and specialized capabilities and consulting.” Willis North America, Inc. provides risk management, insurance brokerage, and related risk services to customers in various industrial segments in the United States, Canada, and Mexico. Evolution Benefits Consulting, LLC operates as a health care and group benefits consulting company.

Logic Information Systems, Inc. (USA) acquired Cascadera, Inc. (USA)
Deal Size: Unspecified Industry: IT consulting Date: June 2015
Cascadera Inc., a tech services company, has been acquired by Minnesota-based Logic Information Systems Inc. Austin-based Cascadera, which was founded in 2008 as Blazar LLC, installs Oracle Micros point-of-sale systems for retail stores. In 2013, the company changed its name to Cascadera, according to filings with the Texas Secretary of State. It’s unclear how many workers it employed and company officials couldn’t be reached for comment. Cascadera President Michael Mann is now the director of development for Micros systems at Logic Information. Before Cascadera, he was the founder and engagement manager of Starmount Systems Inc., an Austin company he launched in 2006 with CEO Joe Halloum, according to Mann’s online profile. Cascadera, Inc. operates as a software services company. It offers program management, application development, business process engineering, implementation, system integration, and quality assurance services. Logic Information Systems, Inc. offers software implementation and integration services focusing on retail solutions.

ManpowerGroup Inc. (USA) acquired Greythorn Pty Ltd (Australia)
Deal Size: Unspecified Industry: HR consulting Date: June 2015
ManpowerGroup, world leader in innovative workforce solutions, has announced its acquisition of the Australian and Singapore arm of Greythorn, a leading professional services and recruitment firm specialising in technology and finance. With this acquisition, Greythorn and its banking and finance subsidiary Marks Sattin, become wholly owned by ManpowerGroup Australia, operating under the Experis brand. “This is an exciting phase for ManpowerGroup in Australia” said Ram Chandrashekar, ManpowerGroup President Asia Pacific and Middle East. “The strategic acquisition of Greythorn further strengthens our capabilities across the region and complements the organic growth of the Experis brand, the global leader in professional resourcing and project based workforce solutions. For clients, it means we can deliver an even broader range of specialist workforce solutions with combined assets and systems, and for candidates, even better opportunities across more clients.” Greythorn Pty Ltd., a technology recruitment agency, provides information technology (IT) recruitment services in Australia. ManpowerGroup Inc. provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region.

Baker Tilly Virchow Krause, LLP (USA) acquired Wolinski & Company, Cpa, P.C. (USA)
Deal Size: Unspecified Industry: Financial Advisory Date: June 2015
Baker Tilly Virchow Krause, LLP (Baker Tilly) has announced that it signed an agreement to merge with Wolinski & Company, C.P.A., P.C. (Wolinski), an accounting and consulting firm located in Detroit, Michigan. Marina Houghton, Wolinski’s founder and president, will join Baker Tilly as managing partner of Baker Tilly’s Michigan practice. Wolinski has provided high-quality accounting and consulting services throughout the region, and has been recognized for its expertise in delivering value for healthcare, governmental and not-for-profit organizations for almost 25 years. “We are very enthusiastic about our merger with Wolinski & Company,” said Alan Whitman, chief executive officer-elect of Baker Tilly. “Marina and her team share our solutions-driven approach and have a long track record of delivering results for clients. The combination will solidify our expertise in key strategic areas, and is a fit with our commitment to providing exceptional client service.” Baker Tilly Virchow Krause, LLP (Baker Tilly) is a nationally recognized, full-service accounting and advisory firm whose specialized professionals connect with clients and their businesses through refreshing candor and clear industry insight.

SQS Software Quality Systems AG (Germany) to acquire Trissential, LLC (USA)
Deal Size: $31 million Industry: IT consulting Date: June 2015
SQS Software Quality Systems AG, the world’s largest specialist supplier of software quality services, announces that, further to its announcement of 30 April 2015, the Company has completed the acquisition of the entire issued share capital of Trissential. Trissential is a leading IT project, programme and portfolio management consultancy in the Mid-West region of the United States (“US”), with a presence in Minneapolis, Milwaukee and Chicago. Trissential operates across four principal sectors, with a strong alignment to SQS’s existing strength in manufacturing, while adding significant expertise in retail, energy and healthcare. The Acquisition provides SQS with a substantial and stable revenue platform, supporting SQS’s strategy of diversifying its geographic revenue split by materially enhancing its operations in the US. Trissential, LLC, a management consulting company, offers strategic planning, project management, and application development services to Fortune 100 companies, universities, and mid-sized businesses. SQS Software Quality Systems AG, together with its subsidiaries, provides software quality services in Germany and internationally.

Bidwells LLP (UK) merged with Meeson Williams Phillips Ltd. (UK)
Deal Size: Unspecified Industry: Business consulting Date: June 2015
Meeson Williams Phillips has joined forces with Bidwells, in a move which has led to the creation of one of the largest multi-disciplined property consultancies in Oxford. The merger has enabled Bidwells to increase its commercial and planning capability significantly. The move forms an important part of Bidwells’ business strategy which is to focus on the “Golden Triangle” (Oxford, Cambridge and London) – one of the most important clusters of science, technology and innovation in the world. It brings together complementary expertise, particularly in the science, engineering and digital sectors where Meeson Williams Phillips has a strong representation from their occupier consultancy, as well as instructions on 10 business and science parks, including the globally important Harwell campus in Oxfordshire. Commenting on the merger, Patrick McMahon, Senior Partner at Bidwells said: “This is a perfect professional and cultural fit for us, as the move enables our clients to now access some of Oxford’s leading commercial and planning experts, as well as one of the country’s leading leisure and retail planning consultants.” Established over 175 years ago, today Bidwells is one of the UK’s leading multi-disciplined property consultancies. Providing a full range of services across the Commercial, Residential and Rural sectors, the firm focuses on high opportunity markets such as the science, technology and innovation sectors. Meeson Williams Phillips Ltd. offers property consultancy, leases properties, and town planning services.

KHL Group LLC (UK) acquired Off-Highway Research Limited (UK)
Deal Size: Unspecified Industry: Business consulting Date: June 2015
Global construction information publisher, KHL Group, acquired the international market research and management consultancy company, Off-Highway Research. Off-Highway Research specialises in the research and analysis of international construction and agricultural equipment markets, and is the largest of its kind in the world, says KHL Group. The consultancy was formed in 1981 as part of The Economist Intelligence Unit (EIU) and will continue to operate as an independent entity – retaining its brand name – within KHL Group. James King, Managing Director of KHL said, “This is one of the most exciting developments in KHL’s 25 year history. To work with such an internationally respected company as Off-Highway Research is a fantastic opportunity for us. David Phillips and his excellent team have built an unparalleled reputation as the world’s leading construction equipment research company and management consultancy. We acquired Off-Highway Research not to make radical changes but because we have always respected and valued what it does in providing invaluable information in our sector.” Off-Highway Research Limited, a management consultancy, provides research and analysis services to construction, earthmoving, agriculture, and industrial equipment markets in North America, Europe, Japan, China, India, and internationally. KHL Group LLC provides construction information.

Involta LLC (USA) to acquire Data Recovery Services LLC (USA)
Deal Size: Unspecified Industry: IT consulting Date: June 2015
Youngstown’s Data Recovery Systems LLC of Belmont Avenue, an information-technology consulting firm, was acquired by Iowa-based Involta, a leader in cloud, managed IT and data- center services. The move means more growth for the Youngstown company and possibly more local and regional jobs. “We have been a very locally focused company, and we want to continue that,” said Mike Meloy, chief executive officer of DRS. DRS has been in business since 2000. Outside its Youngstown headquarters, the company has satellite operations in Columbus and Pittsburgh. DRS provides IT services and maintains a fiber network that spans the Pittsburgh-Cleveland corridor connecting businesses and communities. “We believe the combined entity is more valuable,” said Chris Shroyer, vice president of sales and marketing for Involta. “That is a big piece for us. We are in an industry that continues to grow.” Data Recovery Services LLC provides data center design and managed services and cloud computing services. Involta LLC builds, owns, and operates multi-tenant data centers in secondary markets.

Options Technology Ltd. (UK) acquired Jake Roy Pillar LLC (USA)
Deal Size: Unspecified Industry: IT consulting Date: June 2015
The financial terms of the deal, which closed in 2Q15, have not been disclosed but the acquisition will see the technology consultancy form an additional business unit within Options calledOptions Advisory. Options said that the acquisition will allow Options to provide clients currently leveraging their portfolio of products, including hedge funds, global investment banks and private equity firms, with direct access to a professional consultancy team who are uniquely experienced in delivering services to firms ranging in size from USD 50m to USD 100bn. Jake Roy Pillar LLC provides technology consultancy services for the financial industry, including asset managers, hedge funds, and prime brokers in the tri-state area. It also offers solutions in the areas of business consulting, project management, platform selection analysis, implementation and system upgrade, custom reporting, virtual cloud, enhanced support, statistical platform selection, advent relationship, reporting, investor reporting, customization, integration, user training support, historical data conversion, and ongoing client support aspects Options Technology Ltd. provides private financial cloud services platform for exchange, banking, trading, and investment communities.

Citrin Cooperman & Company, LLP (USA) acquired Real-Time Computer Services, Inc. (USA)
Deal Size: Unspecified Industry: IT consulting Date: June 2015
Citrin Cooperman, with offices in Norwalk and White Plains, will expand its technology consulting reach with the addition of Ardsley-based Real-Time Computer Services Inc., which joined the CPA firm this week. The division was rebranded and will now be known as Citrin Cooperman Technology Consulting. David and Ellen Rosenbaum founded family-owned RCS in 1982, and the business specializes in consulting for small to middle-market businesses. The principals and their team will drive the new technology consulting practice at Citrin Cooperman. “As technology continues to evolve, we feel it is critical to provide our clients with the expertise they will need to advance their businesses,” Citrin Cooperman CEO Joel Cooperman said in a press release. “David, Ellen and their talented team … bring a technical expertise and a commitment to client service that fits very well with our culture.” RCS provides four core service offerings – outsourced IT, compliance implementation, best practices assessment and corporate relocation services – that encompass management consulting and technology strategy, full system life cycle support, managed services, hardware/software implementation, network implementation, disaster planning and end-user support. Citrin Cooperman provides tax, audit and accounting services.

Arthur J Gallagher & Co. (USA) acquired Solid Benefit Guidance, LLC (USA)
Deal Size: Unspecified Industry: HR consulting Date: June 2015
Arthur J. Gallagher & Co. announced the acquisition of Solid Benefit Guidance in Montvale, New Jersey. Established in 2005, Solid Benefit Guidance (SBG) is an employee benefits brokerage and consulting firm which provides a full range of pharmacy benefits and employee benefits consulting services to large to mid-market employer and managed care clients throughout the United States. SBG’s pharmacy practice has specific expertise in Medicare, Medicaid and exchange programs while its benefits practice has expertise in self-funded and alternative funding arrangements. William Guerci, William Resnick and their colleagues will continue to operate from their current location under the direction of David Ziegler, head of Gallagher’s Eastern employee benefit consulting and brokerage operations. “Over the last ten years, SBG has grown to be one of the largest and most highly-respected pharmaceutical benefits consulting firms in the country. Their pharmacy and employee benefits teams are well-known for their deep understanding of the healthcare industry, extensive experience inside the nation’s largest health plans and focus on high-end, quality client service,” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “Their specialization will be a significant addition to Gallagher’s niche practice group strategy and will be a great complement to our employee benefit consulting operations. We are pleased to welcome all the SBG 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.

Axis Consultants Group (USA) merged with Prominent Business Solutions (USA)
Deal Size: Unspecified Industry: Marketing consulting Date: June 2015
Axis Consultants Group, a marketing and sales consulting company, has merged with Prominent Business Solutions, a provider of sales and marketing outsourcing services. President of Axis Consultants Group, Austin Owen, and Anthony Kennard of Prominent Business Solutions have known each other for years through networking events and working together in the marketing industry. This past April, Owens and Kennard began discussing the growth possibilities that would come from the two firms merging together. “I think that by combining the best of the best practices from both firms, we will be able to provide even more growth opportunities for our team by having multiple mentors to learn from. Ultimately, we made this decision for our teams’ success,” says Owen. Axis Consultants Group and Prominent Business Solutions will continue to maintain their separate business identities, however will now operate under Axis Consultants Group. By doing so, their goal is to create a more resilient leadership team and development program and overall organization in the future.

DWS Limited (Australia) acquired Symplicit Pty Ltd (Australia)
Deal Size: Unspecified Industry: Marketing consulting Date: June 2015
DWS, a leading ASX listed Australian IT services company, announced it has acquired 100% of the issued share capital of Symplicit Pty Ltd (Symplicit) for an up-front payment of $8.5 million, to be funded by cash reserves and debt, followed by further payments up to a total of $6.5 million conditional on adjustment of the up-front price based on final FY15 EBITDA and EBITDA growth performance over a three-year period. Symplicit is one of Australia’s leading User Experience (UX) digital design and innovation consultancy businesses. Symplicit bridges the gap between businesses and their customers by providing UX research services, innovation and digital design consultancy services. In making the announcement, DWS CEO Danny Wallis said: “The acquisition of Symplicit demonstrates our strategy of adding to the breadth and depth of our services portfolio to enhance the value of the services we’re able to take to our clients. Symplicit provides us with the ability to deliver consumer led innovation and UX solutions to our clients as an integrated package.”

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