Consulting Sector M&A Deals for week beginning 17th August

businessman doing handstand on the beachAccenture (Ireland) has acquired Schlumberger Business Consulting (USA)
Deal Size: Undisclosed Industry: Management Consulting Date: August 2015
Accenture has acquired Schlumberger Business Consulting (SBC), the management consulting arm of Schlumberger, for an undisclosed amount. Over 250 consultants operating from nine offices worldwide will be integrated into Accenture’s Strategy business unit. Schlumberger Business Consulting (SBC) is a global player in the energy and utilities sector, with a particular focus on clients in the upstream oil and gas industry. The company provides consulting services in strategy, operations, people & transformation, capital projects and mergers & acquisitions. With the acquisition of Schlumberger Business Consulting, Accenture – according to Gartner one of the 10 largest management consulting firms of the globe – significantly bolsters its capabilities in the rapidly changing energy landscape. Partly driven by oil price volatility, but also by increased regulation and technology advances, the upstream oil and gas sector is undergoing a fundamental transformation. Energy companies are also under pressure to among others improve internal performance in delivering large capital projects, reduce production costs and extend into new areas, including renewables. Following completion of the acquisition – the deal is still subject to regulatory approval and other customary closing conditions – all of the Schlumberger Business Consulting (SBC) employees will join Accenture’s Strategy business unit. Mark Knickrehm, Chief Executive of Accenture Strategy, adds: “The acquisition will further strengthen Accenture Strategy’s ability to provide key strategic insights to clients in the upstream oil and gas industry. Our technology-driven business strategies and digital knowledge complement the core consulting strengths of the professionals who will join us through this acquisition.” (http://www.consultancy.uk)

Costain (UK) to acquire Rhead Group (UK)
Deal Size: £36 million Industry: Management Consulting Date: End of 2015
COSTAIN, the engineering solutions provider that helped to build the Channel Tunnel, has announced the acquisition of Rhead Group, a commercial management consultancy. Rhead Group will be fully integrated into Costain before the end of the current financial year. The group’s current senior management setup, including chief executive Nigel Curry, is expected to remain with the business. The takeover has cost Costain £36m, all of which will be paid for by the company’s existing cash and debt facilities. In the year ending July 2014, Rhead Group declared revenues of £63.5m, and earnings before interest, taxes, depreciation and amortisation (EBITDA) of £5.2m.The company’s client list contains a number of blue chip accounts, including National Grid, Wales & West Utilities and BAE Systems. (http://www.4-traders.com) 

Ernst & Young LLP (UK) has acquired Seren (UK)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
Silicon Roundabout-based digital consultancy Seren has been acquired by Ernst & Young LLP (EY) in a deal which marks the Big Four accountancy firm’s concerted effort to provide clients with additional professional services. Seren is an international customer experience and digital design consultancy that works with companies in the telecoms and financial services sector to “achieve digital business transformation through a customer-centered approach”. The deal will see the company’s 60 employees remain at the current premises, with Seren’s CEO becoming chief executive of EY-Seren and co-founders Catriona Campbell and Terry Heath continuing as senior advisors to EY in the UK and the EY-Seren team. EY-Seren will begin the development of its operations in the Middle East, building on the foundations that the two companies had previously developed in digital strategy and customer experience across the region. The deal marks part of EY’s plans to grow its global strategy consulting services to more than 2,500 professionals by 2020 following similar acquisitions in North America and Australia. Steve Varley, EY’s UK chairman, said: “This acquisition is a flagship transaction for EY in the UK. We’re already achieving considerable organic growth in the UK advisory business – it grew 15% last year – but we are also committed to looking for opportunities for inorganic growth, especially when we find firms with cutting-edge innovation and a really strong talent pool like Seren. (http://startups.co.uk)

Autoliv Inc. (Sweden) has acquired MACOM Technology Solutions Holdings Inc. (USA)
Deal Size: Approx. $100 million Industry: Engineering consulting Date: August 2015
Autoliv, Inc., the worldwide leader in automotive safety systems today announced that it has completed the previously announced acquisition of the automotive business of M/A-COM Technology Solutions Holdings, Inc. The purchase price for MACOM’s “Automotive Solutions” business is approximately $100 million in cash, plus up to an additional $30 million in cash based on achievement of revenue-based earn-out targets through 2019. In addition, MACOM has agreed to perform consulting services for Autoliv over a 2-year period for up to $15 million in fees. Autoliv expects to have this acquisition fully integrated in Autoliv facilities in Lowell, MA before the end of 2015 and plans to disclose more details on the technology and business in connection with the upcoming Capital Markets Day on October 1-2, 2015. (http://www.bloomberg.com)

Accenture (Ireland) has acquired Total Logistics (UK)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
Accenture has bought Total Logistics, a U.K.-based provider of logistics/supply chain-related IT consulting services. As usual, terms are undisclosed. Accenture, looking to profit from the major investments being made by traditional retailers to expand their e-commerce offerings, will initially use Total’s services to support retail/consumer goods clients. Other industries such as life sciences, automotive, and industrial equipment will be supported later. (http://www.teletrader.com)

Barr Engineering Company (USA) has acquired Horizon Environmental (UK)
Deal Size: Undisclosed Industry: Engineering consulting Date: August 2015
A local engineering firm has been acquired by a company in Minnesota. Barr Engineering Company in Minneapolis, an engineering and environmental consulting firm, said today that it has acquired Horizon Environmental in Grand Rapids, an environmental engineering consulting firm. “We are pleased to join forces with Horizon and by doing so provide increased staff capacity and technical expertise for our clients in Michigan and throughout the region,” said John Lee, president and CEO, Barr. (http://www.grbj.com)

Medical Advantage Group (USA) has acquired Health Care Management (USA)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
Medical Advantage Group said today that it has acquired Health Care Management in Grand Rapids. Health Care Management provides IT-related hardware and support, electronic health records, telecommuting solutions, staffing, office equipment and HIPAA security compliance to optimize practice operations. Medical Advantage Group is a consulting firm that has nearly 20 years of experience building and serving health care partnerships. The company helps about 2,000 physicians “simplify” the delivery of health care. It serves health systems, independent physician associations, physician organizations, physician hospital organizations, accountable care organizations and physician practices. “This business model will blend Medical Advantage Group and Health Care Management into a full-service provider of management services to health care professionals,” said Paul MacLellan, CEO, Medical Advantage Group. “We have broadened the scope of solutions that we offer.” (http://www.grbj.com)

Levine Leichtman Capital Partners (USA) to acquire Trinity Consultants (USA) from Gryphon Investors (USA)
Deal Size: Undisclosed Industry: Engineering consulting Date: August 2015
Gryphon Investors, a San Francisco-based private equity firm, announced today that it has entered into a definitive agreement to sell its portfolio company Trinity Consultants to an affiliate of Levine Leichtman Capital Partners. Trinity, which Gryphon acquired in partnership with management in 2011, is a leading environmental consulting firm which specializes in providing air quality compliance and permitting services to its private sector clients across 48 offices in the U.S., Canada, China, the Middle East and the UK. The Company also provides other high value environmental consulting services related to environmental health & safety (EHS) performance and risk management, occupational health and toxicology, and aquatic sciences, while also supporting its clients’ EH&S training staffing needs and implementing technology solutions for EH&S information management systems and modelling analyses. Working with Gryphon and Chairman Peter Regan, the Company expanded its service offerings to include industrial hygiene, toxicology, and aquatic ecology, entered new markets including Canada and the Middle East, and completed 10 acquisitions, while continuing to increase its market share. Trinity CEO Jay Hofmann added, “Gryphon and Pete Regan have been great partners for Trinity and I appreciate their value-added support as we built the Company into a stronger, more diverse organization. We are looking forward to having a similarly strong partnership with Levine Leichtman as we continue to execute on Trinity’s growth plan.” (https://www.pehub.com)

Chase Templeton (UK) has acquired Atlas Consulting Group (UK)
Deal Size: Undisclosed Industry: Management consulting Date: August 2015
Shoosmiths has advised private medical insurance broker Chase Templeton, on the strategic acquisition of Atlas Consulting Group Limited adding GBP13.8m of annual premium income (API) and representing the largest acquisition made by the company. This acquisition of Atlas Consulting Group brings to Chase Templeton a broader client base with many larger corporate clients and a dedicated specialist sales team. Since securing investment from Palatine Private Equity in 2013 Chase Templeton has completed more than 40 acquisitions of other private medical insurance brokers and books of insurance business making it the biggest consolidator in its market and Shoosmiths has advised them all along the way. The acquisitions have contributed to Chase Templeton’s substantial growth in annual premium income, turnover and profitability and it has moved into new headquarters to accommodate a 50% increase in staffing levels. The combined business now has over GBP125m in Annual Premium Income, protects over 110,000 lives and employs nearly 100 staff who serve in excess of 35,000 corporate and individual clients. Warren Dickson, chief executive of Chase Templeton, said: ‘This is a particularly significant deal, not just in terms of its size but its strategic importance as it will extend substantially our presence in the larger SME and corporate market. Shoosmiths’ Karen Procter (pictured), who counts 16 years’ experience of advising on corporate transactions, says: ‘Chase Templeton is a fast-growing company with a great reputation for customer care. Shoosmiths and Chase Templeton have worked together on a large number of acquisitions, but this acquisition is particularly strategic and the largest undertaken. We look forward to continuing the relationship as Chase Templeton maintains its strategy for growth.’ (http://www.institutionalassetmanager.co.uk)

ASE (UK) has acquired Edentity Software Solutions (Austria)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
UK based consulting firm ASE, who specialise in the dealer market, have acquired Austria based automotive IT firm Edentity Software Solutions, who supply used car stock management software and other IT products to BMW dealers in Germany and Austria. (http://www.motortradenews.com)

Bullzi Holdings Inc. (USA) has acquired SecuSolutions Ltd (Canada)
Deal Size: Undisclosed Industry: IT consulting Date: September 2015
Bullzi Holdings, Inc., a US-based provider of web based security training solutions and information security consulting services, has signed a memorandum of understanding (MOU) to acquire SecuSolutions Ltd., a Canadian a specialized security company, providing security products, services and solutions. Jim Kootnekoff is the President of SecuSolutions. The acquisition is expected to complete on or before September 30, 2015. (http://www.4-traders.com)

Air Partner PLC (UK) has acquired Baines Simmons Ltd. (UK)
Deal Size: £6 million Industry: Engineering consulting Date: August 2015
Aviation services company Air Partner PLC on Wednesday said it has secured a GBP6.0 million deal to acquire aviation safety consultant Baines Simmons Ltd. Baines has more than 750 aviation organisations and 40 aviation authorities on its books and provides a range of safety consulting services, including focuses on aviation regulation, compliance and safety management performance. Air Partner, which expects the deal to be earnings accretive in its first full year of ownership, said the acquisition will boost its service and product offering and will boost its existing broking business. “The acquisition of Baines Simmons is an exciting step for Air Partner. We look forward to working with the team at Baines Simmons on a range of strategic and complimentary growth opportunities from new regulatory changes, busier skies, greater organisational complexities, geographic expansion and new performance products and services,” said Mark Briffa, Air Partner’s chief executive. (http://www.lse.co.uk)

Ricardo Plc (UK) has acquired Cascade Consulting Holdings (UK)
Deal Size: Undisclosed Industry: Engineering consulting Date: August 2015
Ricardo plc a market leading engineering and consulting company announces today that it has acquired Cascade Consulting Holdings Ltd. an environmental consultancy specialising in the UK water sector. The acquisition follows the successful collaboration with Cascade Consulting that began in February 2015 and will bring additional capability and reach in the areas of water resource and water quality management, ecosystem services and environmental impact assessment. The acquisition is in-line with Ricardo’s stated strategy of developing its reach into sectors associated with water and other scarce resources. Cascade Consulting specialises in environmental consultancy services for the UK water sector, based on strong relationships with the country’s water companies as well as government departments and regulators. The company has particular expertise in the areas of water resource management, catchment management, water quality, water treatment, flooding and coastal management, and environmental impact assessment. Cascade Consulting will combine with Ricardo’s existing environmental consulting expertise within Ricardo-AEA and will operate as the core of a new water practice. The Cascade business has 34 employees and generates approximately £3.0m in annual revenues. Commenting on the acquisition, Dave Shemmans, CEO of Ricardo plc said; “Cascade Consulting has an established market reputation and when combined together with Ricardo-AEA will enable the Ricardo business to start to deliver on its strategic growth objectives within the water sector both in the UK and internationally. I’m delighted to be able to welcome Cascade Consulting to the Ricardo Group.” (http://www.digitallook.com)

Public Consulting Group (USA) and PCG Polska (USA) has acquired Librus (Poland)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
Public Consulting Group, Inc. (PCG) and its wholly-owned subsidiary PCG Polska Sp. z o.o. has acquired Librus Sp z o.o., a Poland-based provider of information technology (IT) solutions for the education sector, from ORESA Ventures N.V., a Netherlands-based private investment firm. PCG is a US-based management consulting firm. The transaction will allow PCG Polska to enhance its position in education IT solutions in Poland. (http://www.individual.com)

Edgewater Technology Inc. (USA) has acquired Branchbird LLC (USA)
Deal Size: Approx $2.8 million Industry: IT consulting Date: August 2015
Edgewater Technology, Inc., a leading consulting firm that brings a blend of classic and product‐based consulting services to its clients, today announced that it has acquired the assets of Chicago‐based Branchbird, LLC, an Oracle Gold Partner and Cloudera Partner specializing in Big Data and Data Discovery technologies and solutions. Branchbird will join Edgewater Ranzal, a wholly‐owned subsidiary of Edgewater and a Platinum provider of Oracle Enterprise Performance Management (“EPM”) and Business Intelligence (“BI”) solutions and services. Known as one of the first organizations to develop strong project credentials in the Oracle Big Data space, Branchbird is well positioned to expand Ranzal’s reach into this emerging area. Branchbird’s deep experience in Oracle’s Big Data technologies has enabled them to provide complex Big Data solutions to numerous enterprise customers. Edgewater Ranzal’s full lifecycle services provide Branchbird with the infrastructure to rapidly expand their offerings. “With the acquisition of Branchbird, Edgewater Ranzal will be a leader in Oracle Big Data, providing our customers with a full range of offerings across our EPM and BI platform. The intersection of EPM and BI is a cornerstone of our customers’ Business Analytics needs, and Edgewater Ranzal is positioned to be a leader in the space,” said Matt Renner, Senior Vice President – NA – Business Intelligence and Enterprise Performance Management, Oracle. “Combining Branchbird with Edgewater Ranzal fits with Edgewater’s channel strategy to ‘complete the suite’ and helps build critical mass in the evolving Oracle EPM/BI solution provider channel. The explosion in the growth, variety and frequency of data has created a unique opportunity for organizations to gain unparalleled insight locked up in this data”. (http://www.financialit.net)

Geodis part of SNCF Logistics (France) to acquire Ozburn-Hessey Logistics (USA)
Deal Size: Undisclosed Industry: Management consulting Date: August 2015
Geodis, part of SNCF Logistics, is to acquire OHL, the US third party logistics provider with sales of €1.2 billion, for an undisclosed sum. OHL (Ozburn-Hessey Logistics) was founded in 1951, and operates more than 120 distribution centres in North America with over 36 million square feet of warehouse space. It provides a range supply chain services including transport, warehousing, customs brokerage, freight forwarding, and import and export consulting services. It also provides direct-to-consumer fulfilment, serving a wide range of business sectors from specialty retail to manufacturing. OHL specialises in the sectors of apparel, electronics, healthcare, food and beverage, and consumer packaged goods. In time, OHL will be rebranded Geodis. Marie-Christine Lombard, CEO of Geodis, said: “We are proud to welcome the customers and employees of OHL to Geodis and to provide our global customers with OHL’s expertise and presence in the North American market.” Geodis, which has a turnover of €6.8bn, unified its offering under the Geodis earlier this year. It operates five lines of business: Supply Chain Optimisation, Freight Forwarding, Contract Logistics, Distribution & Express and Road Transport. OHL is currently owned by private equity firm Welsh, Carson, Anderson & Stowe (WCAS). “We are excited to join forces with Geodis and look forward to the extended reach of a worldwide group,” said CEO Randy Curran. “Both organisation have a long tradition of finding world class supply chain solutions for customers in pursuit of the superior customer experience.” (http://www.logisticsmanager.com)

Whanau Tahi (New Zealand) has acquired HSA Global Limited (New Zealand)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
Waipareira Trust-owned software and consulting company Whānau Tahi has completed the acquisition of the assets of HSA Global Limited for an undisclosed sum, designed to fast track global expansion plans. According to Director Stephen Keung, the deal follows the company’s recent success in North America. “As we have assessed market demand for our core social services product, Whānau Tahi Navigator, it has become apparent that our unique approach to self-directed care could be applied to clinical care as well as social service delivery,” Keung says. “We have been aware of HAS Global’s Connected Care (CCMS) system for some time, and decided that now was the time to make a play to consolidate our solution set which, when combined, will service some 400,000 patients/Whānau.”Keung says that Whānau Tahi Navigator was developed utilising Waipareira Trust’s 30 years of delivering social services, and has achieved a “significant market share” in social service delivery organisations in New Zealand with an overwhelming market share among Whānau Ora providers. “As we have established ourselves internationally, we have learned that models of care in vulnerable communities overseas need to include clinical care and CCMS provides for that,” Keung adds. Keung says CCMS is in use in New Zealand by most major District Health Boards, as well as the Ministry of Health. In addition, overseas customers include providers and governments in Australia, Singapore, and the USA with HAS Global Director Matt Hector-Taylor remaining with the new owners. “It’s fantastic that we are going to be able to attach ourselves to the momentum that Whānau Tahi has achieved, both in New Zealand and overseas,” Hector-Taylor adds. (http://www.reseller.co.nz)

PowerOne Corporation (USA) to acquire Rescom Energy LLC (USA)
Deal Size: Undisclosed Industry: Engineering consulting Date: August 2015
PowerOne Corporation, an energy consulting company, has agreed to acquire 100% stake in Rescom Energy, LLC, a supplier of electricity. Both the companies are based in the US. As a result of the transaction, ResCom will operate as a wholly-owned subsidiary of PowerOne. In 2014, ResCom generated revenues of $2.4 million. Feller Energy Law Group, PLLC is acting as legal advisor to PowerOne on the transaction. With this acquisition, PowerOne completes its transition from broker to retail energy provider. (http://www.individual.com)

Prager Metis (USA) to merge with Peter Bryan & Co. (UK)
Deal Size: Undisclosed Industry: Management consulting Date: August 2015
Top 100 US firm Prager Metis has announced a merger with Peter Bryan & Co, a specialist accounting and tax consulting firm based in London, which focuses on providing tax planning and financial advisory services to UK and international high net worth individuals. Following the deal, for which the terms have not been announced, tax specialists David Beech and Peter Bryan with their technical support staff will join the Prager Metis office in London. Mark Boomla, managing partner of the Prager Metis London office, said: ‘We wanted to expand by strengthening our estate and inheritance tax capabilities along with our high level tax advisory services in London. David and Peter bring a tremendous breadth and depth of experience and knowledge as well as a shared value of hands-on client service.’ David Beech, director of trust and estate planning, said: ‘Prager Metis has a level of expertise, a growing reputation, and international presence that is unique to an accounting firm of its size. (https://www.accountancylive.com)

V-Soft Consulting Group (USA) has acquired Viraj LLC (USA)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
V-Soft Consulting Group, an IT solutions and staffing provider headquartered in Louisville, Ky., acquired Viraj LLC, an IT consulting company with offices in Atlanta and Louisville. Viraj will transition to the V-Soft brand and all staff will remain with the firm including CEO Pratima Parvathaneni, who will continue to market to existing clients and lead Viraj’s staff. “V-Soft and Viraj are highly complementary companies bringing the perfect blend of onshore and offshore sourcing in a compelling solution for the Fortune 1000,” said V-Soft Consulting President and Founder Purna Veer. “We believe that the combination makes tremendous sense for our customers, vendors, and employees.” (http://www.staffingindustry.com)

Savills (UK) has acquired TAGIS (Amsterdam)
Deal Size: Undisclosed Industry: Management consulting Date: August 2015
International real estate advisor Savills has acquired TAGIS, a technical real estate service provider based in Amsterdam. Founded in 2005, TAGIS comprises six professionals with expertise in project management, the delivery of due diligence, and building consultancy services across mainland Europe. The acquisition, which took effect from 1 August, has enabled Savills to expand its current project management and technical advisory services in The Netherlands. TAGIS has an established European network and an impressive client base: including Union Investments, Real I.S., WeWork, M7 Real Estate, Generali Real Estate, Round Hill Capital, Valad Europe and Aberdeen Asset Management. Marc van Niekerken, Managing Director of TAGIS says, “Savills is a leading international player with an impressive work ethic which we feel compliments our ambitious and entrepreneurial spirit. Together with their property management and asset management teams, we are able to combine our expertise in order to offer our clients the very best service across all property disciplines, on a global platform.” Peter Sybesma, Director of Property Management for Savills in The Netherlands, comments, “TAGIS has a proven record of delivering a high level of service and we are confident that this new team will only enhance our current property management and investment service.” (http://www.savills.co.uk)

Sunera Technologies Inc. (USA) to acquire Envision Tech Pty Ltd. (Australia)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
Sunera Technologies, Inc., a Platinum Oracle Partner and an elite Oracle Partner in North America, is pleased to announce that the company has recently acquired Envizion Tech Pty Ltd and part of well-known Australian testing automation consulting firm Acolade Consulting Pty. Ltd. As a leading cloud-based platform solutions and enterprise applications services provider for over 100 clients globally, SuneraTech Cloud and Platforms Solutions (including CloudTestr, DevOpsXpress and BIXpress) have transformed the way businesses manage and outsource applications support and maintenance. Through this acquisition Sunera Technologies is looking forward to building a strong presence in Australia and New Zealand under the new brand name Sunera Technologies Pty. Ltd. Expressing his pleasure about the acquisition of Acolade Consulting Pty. Ltd and Envizion Tech Pty Ltd, the President of Sunera Technologies Inc. Ravi Reddy said, “We are excited about this acquisition and look forward to assisting organizations in ANZ in leveraging SuneraTech value proposition – enabling innovation, pursuing operational efficiency and customer intimacy.” Underlining the importance of this acquisition, the CEO of the just formed Sunera Technologies Pty. Ltd., Rajesh Krishnan said, “Being part of SuneraTech is significant considering all the unique and innovative platforms and value propositions that SuneraTech brings for customers globally. I believe organizations in ANZ will also be significantly benefited from the automation platforms, global consulting (implementation and support) experience and end-to-end services capabilities.” (http://www.prlog.org)

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