Consulting M&A Weekly Round-up (11th to 17th June, 2023)

by | Jun 19, 2023 | 0 comments

Hey there, folks! It’s that time of the week again – time for us to dive into the exciting world of consulting M&A news. And let me tell you, we’ve got some major deals to cover today.

From Delta Consulting Group to Kohlberg & Company, there’s no shortage of consulting M&A news for you. We’re here to make sure you know all the latest happenings in the industry – trust us, you don’t want to miss a thing.

So, grab your favorite beverage, put your feet up, and let us be your guide through the exciting world of consulting M&A news.

#1. Delta Consulting Group expands into Canada with Froese Forensic Partners deal

Delta Consulting Group, a risk and dispute advice organization based in the United States, has purchased Froese Forensic Partners, a financial investigation agency based in Toronto.

Froese, a financial investigation agency, provides forensic accounting and fraud investigations, financial damages, corporate investigations, digital forensics, business valuation, securities and other class actions, professional misconduct, and auditor negligence with expert advice, reports, and testimony.

Delta’s acquisition of Froese will strengthen its position in the Canadian market. Moreover, the Washington, DC-based corporation employs more than 130 people across 14 US offices and one in London, UK.

#2. Kohlberg & Company to acquire Riveron

Kohlberg & Company, a mid-market private equity firm based in Mount Kisco, New York, has agreed to buy Riveron, a nationwide business advising organization. The transaction, the financial terms of which were not disclosed, is slated to finalize in July.

Riveron, which is located in Dallas, was founded in 2006, and offers a comprehensive suite of consulting services to CFOs and investors, including accounting, ESG, finance, M&A, operations, restructuring & turnaround, strategic communications, tax, and technology.

This transaction marks a significant milestone in Riveron’s growth journey and accelerates its path to becoming the preeminent independent financial consulting firm serving corporate management teams, private equity firms, lenders, and other intermediaries.

#3. EPSA boosts Dutch presence with award-winning consulting group

EPSA has completed the largest acquisition in its 22-year history with the purchase of AB&C Groep, a Dutch competitor with approximately 500 employees.

In May 2022, Aeves Group acquired Boer & Croon, resulting in the formation of AB&C Groep. The organization offers management, interim, and young professional services. Aeves Group offers comprehensive procurement services, ranging from consulting and staffing to executive search and managed services. In its most recent fiscal year, AB&C Groep recorded revenues exceeding €130 million.

With the purchase of AB&C Groep, EPSA expands its knowledge of the Dutch market, which it had already entered through a minor transaction at the beginning of 2022.

#4. Leading Resolutions embarks on next growth phase with investor

Leading Resolutions has secured an investor to assist the company in its next phase of expansion.

Leading Resolutions, a technology and business consultancy, was founded in 2001 and now employs 110 people from offices in Royal Wootton Bassett and London. The firm is hoping to extend its footprint in the next years as it wants to increase its offering of strategic, technical, and project delivery services to clients further afield.

The firm has acquired fresh funding as a result of a successful management buyout sponsored by NVM Private Equity. This investment fires the starting pistol on the next stage of the firm’s development, building on the successful growth it has already achieved post the pandemic.

Following the investment, Leading Resolutions will continue to operate as it does currently, with continuity provided by the existing senior leadership team.

#5. Russell Reynolds buys leadership consultancy Nvolv

Russell Reynolds Associates, a New York-based leadership advisory and executive search firm, has purchased Nvolv, a leadership consultancy based in Rochester, New York.

Nvolv, which was founded in 2017, assists in the development and transformation of CEOs, teams, and organizations. The firm has worked with well-known corporations such as GM, Starbucks, and Allstate.

The acquisition by Russell Reynolds will enable them to integrate Nvolv’s leadership, team, and organizational development services and unique client relationship architecture into the company, working together to create market-defining capabilities.

#6. North Highland acquires strategic portfolio management software firm UMT360

North Highland, a management consulting company with its headquarters in Atlanta, has purchased UMT360, a Bellevue, Washington-based supplier of software and services for strategic portfolio management.

Strategic portfolio management (SPM) is a framework for planning, funding, and monitoring all discretionary investments. It combines strategy execution management with business and enterprise architecture to assist organizations in connecting and aligning all execution with strategy.

UMT360’s SPM software assists firms in planning and managing their activities, hence increasing business agility. Standardizing demand and innovation management; resource capacity planning; benefits and outcome management; road-mapping and release management; and what-if scenario modeling are among its characteristics.

The acquisition of UMT360 by North Highland will expand its enterprise transformation capabilities and business agility solutions.

Closing Thoughts

As we approach the end of yet another bustling week in the world of consulting M&A, just wanted to take a moment to express our heartfelt gratitude to all of you who have been following our coverage.

We’ve been working tirelessly to bring you all the latest happenings and insights that are shaping the industry, and we hope that our efforts have been paying off. We always appreciate your feedback, so if you have any thoughts or suggestions for us, please do let us know – we’re all ears!

And don’t worry, we’re not going anywhere – we’ll be back next week with even more exciting updates and insider knowledge to keep you in the loop. So, stay tuned, and we’ll catch you then!