Consulting M&A Weekly Round-up (15th to 21st May, 2022)

by Laurent Thomas | May 24, 2022 | 0 comments

Welcome back to another week of mergers and acquisitions in the consulting industry. We’re here to give you another recap of what transpired last week in consulting M&A. Some deals were done by big names such as PwC, Baker Tilly, and more. Let’s get straight into action, shall we?

#1. PwC acquires eilersconsulting and ID-Consult in Germany

PwC has recently completed two acquisitions in the German market, expanding its advisory branch with the addition of eilersconsulting and ID-Consult in Germany. The firm’s Supply Chain and Operations service lines will gain roughly 55 more employees as a result of these two deals.

eilersconsulting, founded in 2009 in Düsseldorf, is a SAP Silver Partner specializing in the supply chain industry. The company assists clients in developing and executing solutions for supply chain, logistics, and warehousing, among others.

On the other hand, ID-Consult was founded in 1998 to assist companies in developing products that not only suit customer needs, but also meet requirements for optimized supply chains, prices, sustainability, and other issues.

The two deals by PwC will help deepen their offerings and support their strategic approach of accompanying clients from strategy to implementation.

#2. Carlyle buys government IT consultancy ManTech for $4.2 billion

The Carlyle Group, a private equity firm, has agreed to pay $4.2 billion in cash to acquire ManTech, an IT consulting firm based in Herndon, Virginia, that specializes in serving the intelligence community, the Pentagon, and government civilian agencies.

Established way back in 1968, ManTech is going strong and offering a wide range of services in the fields of cybersecurity, big data analytics, enterprise IT, software development, systems engineering, and mission support.

The deal with ManTech will help Carlyle with additional exposure to the hot cybersecurity and government IT consulting markets.

#3. Baker Tilly expands into Pacific Northwest with Bader Martin acquisition

Baker Tilly US, a mid-market accounting and consulting firm, has acquired Bader Martin, a Seattle-based CPA, and business consulting firm, to grow into the Pacific Northwest.

When Laventhol & Horwath, the seventh-largest US accounting firm at the time, disbanded and filed for bankruptcy, Bader Martin was formed. It grew out of the national firm’s Seattle practice, which had 3,400 employees. Bader Martin specializes in tax, accounting, and wealth strategies for high-net-worth individuals and families. The firm also works with family-owned and closely held businesses, as well as not-for-profit organizations.

The acquisition of Bader Martin will give the Chicago-based firm its first office in the Pacific Northwest. At the same time, the deal will help them discover their strengths, sharpen their skills, deepen their knowledge and soar to personal heights.

#4. Capgemini Invent buys financial services specialist Chappuis Halder

Capgemini Invent has acquired Chappuis Halder, a global consulting firm specializing in strategy and management for the financial services industry. The acquisition brings around 150 consultants and personnel from six sites to Capgemini Invent, the consulting arm of French IT-services giant Capgemini.

Chappuis Halder was founded in 2012 and primarily focused on the Swiss and French markets before expanding internationally. The consultancy firm specializes in transformation, finance, risk, and compliance, as well as data science, digitization, and sustainability, for large banks, insurance firms, and wealth managers.

Speaking about the deal, the CEO of Capgemini Invent stated that the acquisition of Cappuis Halder will bring a team of highly talented and experienced consultants to the firm.

#5. Resultant buys Teknion Data Solutions, expands to Texas

Resultant, a technology consulting firm with headquarters in Indianapolis, has recently completed the acquisition of Teknion Data Solutions, a full-service data analytics company located in Irving, Texas. The acquisition by Resultant happens to be their fourth and largest deal in three years.

Teknion is a consulting firm that was established in 1999. It assists businesses in developing data and analytics strategies, migrating data to the cloud, visualizing data, implementing governance, and training their staff to use data platforms successfully.

The acquisition of Teknion by Resultant will increase the IT firm’s physical presence in Texas. Teknion’s Irving location will join the Resultant brand, bringing the total number of employees to 450.

#6. S4 Capital acquires technology consultancy TheoremOne

S4 Capital, a global digital advertising and marketing organization, has completed the acquisition of TheoremOne, a technological consulting firm based in Los Angeles. This deal happens to be S4’s first since the company twice rescheduled its annual results.

TheoremOne, which was founded in 2007, assists enterprise clients in developing unique platforms, software, and digital goods, rescuing troubled projects and failing technology and upgrading outdated software and business processes.

The deal will see S4 merge TheoremOne with its subsidiary agency MediaMonks, which launched its own technology services practice last year.

#7. Other consulting M&A deals

  • Bedford Consulting receives key backing from Keensight Capital.
  • Kantar follows public sale with Qmee purchase.

Closing Thoughts

And that’s a wrap for this week! We hope you found this read interesting. If we missed some deals for the week, then please contact us and let us know. Besides, we’ll be back again next week for another round-up of mergers and acquisitions in the world of consulting. See you next week!