Consulting M&A Weekly Round-up (14th to 20th August, 2022)

by Laurent Thomas | Aug 22, 2022 | 0 comments

We’re back with more consulting M&A news for you. In this week’s weekly consulting M&A round-up, we will talk about all the deals that went through during the week. Some big purchases from Bain & Company as well as EY US has grabbed all the headlines, but there’s more deals as well. So let’s get cracking!

#1. Bain & Company secures minority stake in Trinity Life Sciences

Bain & Company has formed a strategic alliance with Boston-based life sciences consulting firm Trinity Life Sciences. As part of the arrangement, Bain will acquire a minority investment in Trinity.

Trinity was established in 1996 and serves a broad range of international clients in the biopharmaceutical and medical technology industries. The company offers business development support, market intelligence and benchmarking, portfolio strategy, corporate strategy, product planning and forecasting, and proprietary technological products in data and analytics.

The partnership will bring together Trinity’s deep technical expertise in biopharma and med-tech with Bain’s extensive global consulting experience across the life sciences value chain. Moreover, Bain stated that the partnership will create the best biopharma consultant in the business.

#2. Crowe sells employee stock ownership plan services to Blue Ridge

Blue Ridge, the largest independent ESOP and 401(k) third-party administration and recordkeeping company, has acquired the employee stock ownership plan (ESOP) services from Crowe, a Chicago-based accounting and consulting firm.

Blue Ridge, a Charlottesville, Virginia-based company founded in 1988, offers professional ESOP services, as well as a full range of ancillary services like distributions and 1099 filing. The company also provides clients with a full online platform to help them manage their ESOP online. Blue Ridge additionally provides coordinated and adaptable 401(k) administration.

Speaking about the deal, the president of Blue Ridge stated that both Blue Ridge and Crowe will form a powerful combination of thought leadership, high quality, technological innovation, and customer services.

#3. EY US acquires government consulting firm Cambria Solutions

Ernst & Young US has purchased Cambria Solutions, a Sacramento, California-based consulting firm serving state and local government clients.

Cambria Solutions, established in 2003, offers program and project management, agile transformation of business processes, technology system deployment, and human-centered design services. The company also has extensive knowledge of transportation, toll, and public health/human services programs.

EY’s purchase of Cambria will greatly help the Big Four firm’s consulting business for state and local governments since Cambria Solutions has a stellar reputation for their deep knowledge of health and human services, transportation, and government modernization services.

#4. EisnerAmper purchases Minneapolis-based accountancy Lurie

A Minneapolis-based CPA firm named Lurie LLP has been acquired by EisnerAmper, a mid-market accounting and consulting firm.

Established way back in 1940, Lurie offers clients in the healthcare, professional services, technology, manufacturing, and real estate industries among others accounting, audit, advisory, tax planning, and wealth management services.

The agreement, which is slated to close next month, would expand EisnerAmper’s operations into Minnesota and bolster its four-location presence in Florida. Moreover, the acquisition of Lurie will help EisnerAmper’s clientele and business community with greater resources that will accelerate growth and opportunity in today’s world.

#5. Protiviti adds Noida-based Loumus to digital consulting practice

Protiviti has expanded its position in India with the acquisition of Loumus Data Systems, a digital transformation company situated in Noida.

Loumus Data Systems was founded in 2018 to provide clients with a variety of technology services, such as consulting for digital transformation, cyber security, data analytics, and cloud app modernization.

The addition of Loumus Data Systems will boost Protiviti’s end-to-end digital offerings and bolster both its breadth and depth of digital transformation capabilities.

#6. 3Cloud buys Microsoft data specialist BlueGranite

3Cloud, a Microsoft Azure consulting company based in Chicago, has bought BlueGranite, a consulting company in Portage, MI, that focuses on data and analytics in the Microsoft ecosystem.

A national Microsoft partner since 1996, BlueGranite provides strategic program-level consulting services from planning to implementation of Azure data platform and analytics solutions.

By purchasing BlueGranite, 3Cloud will add more than 700 full-time Azure experts in the United States to its team. Moreover, the acquisition will help 3Cloud continue its growth trajectory and strengthen its position as the largest Azure pure-play services firm in the US.

#7. Other consulting M&A deals

  • Changi Consulting joins Salesforce practice of Publicis Sapient

Closing Thoughts

And that’s it for this week in consulting M&A! We hope you enjoyed reading our weekly consulting M&A round-up. If we missed out on any deals, then please write to us and let us know. Once again, thanks for reading and we shall see you all next week!