Welcome once again to another round-up of consulting M&A news! We’ve got lots to cover this week since there has been a plethora of deals that’s gone through in the past 7 days. So, without any further delays, let us get straight into it.
#1. Argon & Co buys Australian logistics consultancy Fuzzy LogX
Argon & Co, a management consultancy firm, has acquired an Australian logistics consultancy Fuzzy LogX. It happens to be the firm’s second acquisition in the ANZ region in recent times.
Fuzzy LogX, a boutique logistics consulting firm with approximately 11 employees, is based in Australia. The firm specializes in intralogistics, with a focus on warehouse automation and technology.
Speaking about the deal, the managing partner of Argon & Co stated that their intralogistics capabilities were the best in the area. Moreover, when combined with its supply chain, logistical, and operational capabilities, it means that collectively, they can accelerate their end-to-end offering.
#2. BDO Canada acquires Montreal-based FL Fuller Landau
BDO Canada has purchased Montreal-based accounting and consulting business FL Fuller Landau.
FL Fuller Landau, which was founded in 1963, focuses on family enterprises and family offices. The company also offers accounting, assurance, tax, corporate finance, human resource consulting, restructuring, and turnaround services.
The transaction will increase BDO’s footprint in Quebec, where it currently has locations in Montreal and Quebec City.
#3. Leelyn Smith acquires Chicagoland accountancy Grebe & Associates
Geneva, Illinois-based tax and wealth advice business Leelyn Smith Tax has purchased Wheaton, Illinois-based accounting firm Grebe & Associates.
Grebe offers both enterprises and individuals accounting, tax, and consulting services. Moreover, the company was founded in 1991 when John Grebe acquired an accounting firm. In 1998, it changed its name to Grebe & Associates.
The tax and consulting services of Grebe & Associates will boost the wealth management, tax, and family office activities of Leelyn Smith.
#4. Valiantys enters Germany with Kreuzwerker’s Atlassian consulting arm
Valiantys, an Atlassian partner, has expanded into Germany by acquiring Kreuzwerker’s Atlassian consultancy firm.
French company Valiantys, which has 300 employees and backed by private investors, was founded in 2006 and assists clients with building, implementing, maintaining, and upgrading Atlassian solutions.
According to an official, this acquisition is an exciting step forward in Valiantys’ development. The combined efforts of these partners will empower more customers in the DACH region to harness the full potential of teamwork.
#5. Korn Ferry acquires interim talent firm Salo
Salo, a Minneapolis-based temporary talent agency, has been bought by Korn Ferry. The specifics of the purchase, which is set to close on February 1, have not yet been disclosed.
Salo, which was founded in 2002, provides interim finance, accounting, and human resources specialists with a specific emphasis on the healthcare business. Salo Expert (senior-level experts), Salo Advisory (c-suite and board-level advisers), and Salo Compass are the company’s service lines (junior-level professionals with public accounting firm experience).
The acquisition of Salo by Korn Ferry will increase its capacity to help clients fill interim and project-based positions in finance, accounting, and human resources.
#6. InSites Consulting buys German counterpart Happy Thinking People
InSites Consulting, headquartered in Belgium, has acquired Happy Thinking People, a marketing research firm with approximately 75 employees based in Germany.
Happy Thinking People, which was founded in 1989, specializes in marketing and consumer behavior research. The company has offices in Switzerland and France, as well as a dominant presence on the German market.
Speaking about the deal, the co-founder and CEO of InSites stated that their clients will benefit from Happy Thinking People’s proprietary research approaches, insights toolbox and thinking.
#7. VASS acquires Salesforce consultancy Copilot
VASS, an IT consulting firm that has its headquarters in Madrid, has acquired Copilot, a New York-based Salesforce, cloud, and data consulting services company.
Copilot, a 2018 startup, offers advice in a variety of fields, including data warehousing, analytics, custom development, UX optimization, and integration strategy. The organization has more than 90 Salesforce certifications and 23 workers who are listed on LinkedIn.
The acquisition of Copilot by VASS will further its growth in North America and bolster its strengths in cloud, analytics, and user experience solutions.
#8. Other consulting M&A deals
- KSM subsidiary purchases insurance regulatory practice of Eide Bailly
- Clarity joins the Asia-Pacific market by acquiring Sefiani
- Technology giant Siemens acquires London-based consultancy Vendigital
That’s a wrap! We shall be back again next week for another consulting M&A round-up. If we missed out on mentioning any deals, then please write back to us and let us know. Till next time, see you soon.