Consulting Sector M&A Deals for week beginning 12th October

businessman doing handstand on the beachWarren Whitney (USA) merges with Convergent Business Solutions (USA)
Deal Size: Undisclosed Industry: IT Consulting Date: October 2015
Warren Whitney, a management consulting firm that serves privately held and nonprofit organizations, has added technology consulting expertise through a merger with Convergent Business Solutions. Warren Whitney, a 15-person business based in western Henrico County, announced the merger Monday. Katherine Whitney, co-founder and director of Warren Whitney, will head the merged company. David Nelms, owner and sole employee of Convergent Business Solutions, will lead the technology practice. The merged company will operate from the Warren Whitney offices. Warren Whitney, in business for more than 26 years, offers senior-level leadership for its clients in finance and accounting, human resources, and sales and marketing. The company also provides strategic planning, board governance and executive searches. In addition to technology consulting, Convergent Business Solutions provides contract chief information officer and chief operating officer services for midsize organizations, focusing on “strategy that integrates technology and operations within the business,” according to a statement from Warren Whitney. Scott Warren, co-founder of Warren Whitney, said in the statement that the two companies have collaborated on work with a number of clients and that Nelms “has built his technology firm in a model that parallels Warren Whitney’s.” “Both firms work with midsize organizations to help them address critical business challenges,” Nelms said. “Our new alignment allows us to address all aspects of an organization’s needs.” Larry Gumprich, chief financial officer for Integrated Global Services, a client of the two firms, said in the statement that the companies “have worked seamlessly as a team for us for the last seven months on an important revamping of our information systems. The merger comes as no surprise.” (http://www.richmond.com)

TÜV SÜD AG (Germany) acquired Dunbar and Boardman Partnership Ltd. (UK)
Deal Size: Undisclosed Industry: Engineering Consulting Date: October 2015
“Dunbar and Boardman’s portfolio of services is the perfect match for our company,” says DrUlrich Klotz, Head of TÜV SÜD’s Real Estate & Infrastructure Division. “In recent years we have made enormous progress in creating an integrated range of consulting services and our customers are the primary beneficiaries. By acquiring the company, we can achieve several strategic objectives at once.” These objectives span further consolidation of TÜV SÜD’s position on the UK real-estate market, as well as the company’s plans for global establishment and expansion of consulting services from its Real Estate & Infrastructure Division. “TÜV SÜD’s acquisition of Dunbar and Boardman has given us the status of market leader,” explains Michael Valente, CEO of the Western Europe Region at TÜV SÜD. With almost 60 employees at 12 locations in the UK, and further offices in Dublin and Dubai, Dunbar and Boardman provides a full range of consulting services for the installation, operation and maintenance of lift systems. TÜV SÜD thus now occupies an excellent starting-position from which to roll out further services in the UK and extend its integrated consulting services for the real-estate sector to this market. “Vertical Transport and Facade Access inspections are areas of core business for TÜV SÜD,” notes Peter Boardman, co-founder of Dunbar and Boardman Partnership Ltd. “I am therefore delighted that our company can extend this core business into consultancy and continue our successful development under the umbrella of the TÜV SÜD Group. We look forward to contributing our experience and advancing the range of consultancy services on offer.” (http://www.informazione.it)

Tetra Tech Inc. (USA) to acquire Coffey International Limited (Australia)
Deal Size: Undisclosed Industry: Engineering Consulting Date: October 2015
US-based consulting and engineering services firm Tetra Tech, Inc. (NASDAQ: TTEK) and Australian consulting firm Coffey International Ltd. (ASX: COF) have executed a bid implementation agreement under which Tetra Tech will make an off-market takeover offer to acquire 100% of the outstanding shares of Coffey for AUD 0.425 cash per share, Tetra Tech said. Founded in 1959 as Australia’s first geotechnical engineering firm, Coffey employs 3,300 staff globally, delivering smart solutions and providing innovation and insight across three core service areas including international development, geoservices, and project management. For the most recent fiscal year ended 30 June 2015, Coffey reported revenue of AUD 556m (USD 407m). The acquisition of Coffey expands Tetra Tech’s geographic presence and positions Tetra Tech as the leading global consulting firm for international development, supporting the US Agency for International Development, Australia’s Department for Foreign Affairs and Trade, and the United Kingdom’s Department for International Development. Tetra Tech supports commercial and government clients focused on water, environment, infrastructure, resource management, and energy. The firm has 13,000 staff worldwide. (http://www.bloomberg.com)

Palladium Group, Inc. (USA) acquired CARANA Corporation (USA)
Deal Size: Undisclosed Industry: Business Consulting Date: October 2015
Palladium is pleased to announce their acquisition of CARANA Corporation. CARANA, a US-based company, designs and implements economic development strategies for governments, companies and donor organisations. CARANA forges market-led alliances with private and public partners to address issues that affect vulnerable groups, such as gender equity, youth employment and environmental stewardship. Palladium and CARANA share a common vision of the future of positive impact. Both envision an impact economy marked by alignment of social and commercial interests to create sustainable positive impact for a broad range of constituents. CARANA’s history of harnessing commercial expertise to address social issues matches Palladium’s desire to bridge the gap between the private and public sectors to better serve the interests of both. Kim Bredhauer, Palladium’s group managing director, sees great opportunity in the newly enlarged company: “CARANA’s well-regarded technical expertise in economic development will play a crucial role in our growth strategy by greatly expanding the breadth of our offerings. Palladium’s resources and reach will allow us to achieve greater scale in economic development projects and deliver even greater impact to those who need it most. We can now better respond to the needs of clients across all sectors and better fulfil our mission of catalysing an enriched future for all.” “We are delighted to be joining such a dynamic organisation with a shared commitment to bringing together private and public resources to maximize impact and inclusive economic development,” said Eduardo Tugendhat, chief executive officer of CARANA. (http://www.prnewswire.com)

Voisin Consulting SARL (France) acquired B&H Consulting Services, Inc. (USA)
Deal Size: Undisclosed Industry: Management Consulting Date: October 2015
Voisin Consulting Life Sciences (VCLS), the global healthcare product development consultancy, and B&H Consulting Services, Inc. (B&H), an experienced regulatory firm helping pharma and biotech companies facilitate interactions with FDA and navigate the regulatory process, today announced that they are joining forces. The transaction forms one of the largest independent consulting groups delivering high-end regulatory services to support the interactions with the U.S. Food and Drug Administration, the European Medicines Agency, and other global health authorities. VCLS and B&H now have U.S. offices in Cambridge, MA; Somerville, NJ; and San Francisco, CA; in addition to Paris and Rennes, France; London, UK; Lausanne, Switzerland; Bangalore, India; and Singapore. “The demand for U.S. regulatory strategy and operations is very high, which made us accelerate the growth of our existing U.S. teams,” says VCLS Founder and CEO Emmanuelle M. Voisin, Ph.D. “Helen Ribbans, Founder and President of B&H, and her team possess outstanding expertise, credibility in the industry, and strategic vision that make them the ideal addition to the VCLS family.” Founded in 1988 and based in Somerville, NJ, B&H provides strategic regulatory advice to pharma and biotech companies, and supports healthcare innovators in their interactions with U.S. FDA. B&H also delivers in-depth Chemistry, Manufacturing and Controls expertise, as well as strategic and operational support for all regulatory submissions including electronic publishing services. “We are excited by the opportunity to expand the depth and breadth of services that we can offer to our clients as they seek to meet the regulatory requirements of the global healthcare market,” said Helen M. Ribbans, B&H Founder and President. “Joining forces with the VCLS group provides our clients with tremendous experience across all therapeutic areas, and the global footprint that they need to accelerate their results,” said Stephanie M. Pierson, who was named CEO of B&H as part of this transaction. Ms. Pierson previously was Vice-President of B&H. (http://www.businesswire.com)

Liberty Environmental, Inc. (USA) acquired Hafer Environmental Services (USA)
Deal Size: Undisclosed Industry: Environmental Consulting Date: October 2015
Reading’s Liberty Environmental Inc. has acquired environmental consulting firm Hafer Environmental Services, also of Reading. Hafer’s owner, Christopher Kern, and its senior environmental scientist, Michael Bingaman, have joined Liberty’s office. Both have more than 20 years of experience in site assessment, site characterization, storage tank management and soil and groundwater remediation. It is Liberty’s second acquisition in the past three years. In 2012, Liberty acquired Alternative Environmental Solutions of Lancaster. James Cinelli, president of Liberty, said the acquisition is part of strategic growth, particularly in the firm’s site assessment and remediation work. “This acquisition fuels continued growth of our site assessment and remediation practice areas. We are thrilled to add the experienced staff from Hafer Environmental Services and build upon our client base in the region,” Cinelli said. Hafer was founded in 1989 by Larry Hafer. Kern bought the practice in 1998 upon Hafer’s retirement. (http://www.lvb.com)

Square Root Solutions, Inc. (USA) acquired Fitzgerald Analytics (USA)
Deal Size: Undisclosed Industry: IT Consulting Date: October 2015
Square Roots, a life sciences company focused on pregnancy and the healthy formation of life, announced that it has acquired Fitzgerald Analytics, a leading analytics and data science firm. The cash and stock purchase is central to Square Roots’ strategy to develop evidence-based solutions that improve maternal health in the United States. As part of the transaction, Jaime Fitzgerald, Founder and Managing Partner at Fitzgerald Analytics, will assume the role of Chief Information Officer and Partner at Square Roots. He will lead development of the first comprehensive, multi-source, multi-media knowledge library containing the most useful, science-based information on maternal health.  Once built, the library will be the foundation for creating and implementing solutions that improve maternal health nationwide by making valuable information available to multiple stakeholders from mothers to cities and policy-makers. “The acquisition of Fitzgerald Analytics is integral to our mission,” said Morad Fareed, Founder and CEO, Square Roots. “Square Roots will harness Fitzgerald Analytics’ expertise around the use of big data–and data of all sizes and types–to drive better outcomes, and also minimize adverse health risks among mothers and infants. This acquisition is built on a long working history with Fitzgerald Analytics and our results have been self evident and phenomenal. Deepening our collaboration through this purchase is a great step forward.” Fitzgerald Analytics was founded in 2005 as Fitzgerald developed a distinctively quantitative, fact-based, and transparent approach to solving high stakes problems and improving results.  His approach enables translation of Data to Dollars™ using methodologies clients can repeat again and again.  Fitzgerald has been equally passionate about the “human side of the equation,” and is known for the ability to link the human and the quantitative, both of which are needed to achieve optimal results.  His clients range from Wall Street banks to innovative non-profits and social entrepreneurs, a reflection of Jaime Fitzgerald’s belief in the universal benefits of Data, Analytics, and Technology innovation. During more than 18 years serving clients as a management strategy consultant, Fitzgerald has focused on customer experience and loyalty, customer profitability, technology strategy, information management, and business process improvement.  Fitzgerald began his career at First Manhattan Consulting Group, specialists in financial services, and was later a Co-Founder at Novantas, the strategy consultancy based in New York City.  Fitzgerald was also a Manager for Braun Consulting, now part of Fair Isaac Corporation, and forJapan-based Abeam Consulting, now part of NEC.  Jaime is a graduate of Harvard University in Economics. “Data has no value until it is used well–at that point it can become priceless,” said Fitzgerald. “That is our specialty: finding more and better ways to turn information into results that matter.  By joining forces with Square Roots, we are applying our tools and methodologies to the challenges and opportunities of maternal health and infant development.  I can’t think of a more meaningful application of our capabilities than to serve and honor mothers, infants, and families.” (http://www.prnewswire.com)

WSP Global Inc. (Canada) acquired MMM Group Limited (Canada)
Deal Size: Undisclosed Industry: Engineering Consulting Date: October 2015
WSP Global Inc. (TSX:WSP) (“WSP” or the “Corporation”) is pleased to announce that it has completed its previously announced acquisition of MMM Group Limited (“MMM”), through a plan of arrangement. MMM, which has approximately 2,000 employees, is one of the largest privately-owned engineering consulting companies in Canada. “I am delighted about this acquisition and that our two firms are joining forces,” said David Ackert, President and Chief Executive Officer of WSP in Canada. “The coming together of these two like-minded firms will enable us to pursue our growth strategy and strengthen our foundation across Canada by increasing our ability to deliver superior value to our clients, shareholders and employees.” “We are pleased that our shareholders have expressed overwhelming support for this acquisition. On behalf of MMM’s Board and management, I would like to thank them for their invaluable support throughout this process,” said Hugo Blasutta, Chief Executive Officer of MMM. “As we join WSP, a firm with similar values to MMM and a complementary business model, we will have an opportunity to continue our journey of growth. We also look forward to providing additional value for our employees and clients through our enhanced expertise and expanded network”. (http://www.wspgroup.com)

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