Consulting M&A Weekly Round-up (16th to 22nd October, 2022)

by Laurent Thomas | Oct 25, 2022 | 0 comments

Welcome back to another weekly round-up of consulting M&A news from around the globe. We have lots to cover this week including acquisitions by top consulting firms such as Deloitte, Oliver Wyman, and much more. Read on to know more.

#1. Deloitte set to purchase investment management firm Reformis

Deloitte is expected to purchase investment management technology and data company Reformis after the Big Four company made its purchase intention known.

Reformis, which was established in 2003, has offices across the globe, including the US, Australia, and the UK. The global firm provides technological, business, and change management consulting services to clients in the investment and wealth management industry.

Technology and data have never been more important for the investment management and wealth industries, and Deloitte sees this move as a way to help it meet those needs. Moreover, it is anticipated that the inclusion of Reformis’ professionals will enhance Deloitte’s existing capabilities.

#2. Strategy and environmental consultancy SLR Group acquires RCS Global

SLR Group, a strategy and environmental consulting firm, has acquired RCS Global for an undisclosed sum. In a transaction supervised by Consulting M&A, the ESG performance firm will expand its buyer’s audit role.

RCS Global specializes in assisting the transition from internal combustion engines to electric vehicles, collaborating with well-known, industry-leading corporations. Specifically, the organization is known for its work in the automotive, electronics, batteries, and mining industries, where clients seek to improve their sustainability credentials.

The deal sees RSC global help SLR become a global audit provider by giving SLR access to RCS’s widely used responsible sourcing audit programme. Moreover, the digital solutions VINE and TRACE from RCS will also make it easier for clients to understand and visualize their supply chains, track materials back to where they came from, and figure out where in the supply chain actions need to be taken to deal with ESG risks.

#3. Oliver Wyman to buy aerospace and defense consultancy Avascent

Oliver Wyman, a global management consulting firm, has agreed to acquire Avascent, an aerospace and military sector consulting firm based in Washington, DC.

Avascent was founded in 2007 as the result of a management-led buyout of DFI Corporate Services from DFI International, its parent company (now part of defense firm BAE Systems). Avascent serves clients in the aerospace, defense and security, government technology, infrastructure and energy sectors on behalf of industry and private equity clients.

The deal will see Avascent add to Oliver Wyman’s expertise in the Aerospace and Defense sector and make it much stronger for both its corporate and private equity clients.

#4. Stout acquires The Claro Group

The Claro Group, a Chicago-based financial and economic advice firm, has been bought by Stout, a worldwide investment bank and advisory organization.

Claro was established in 2005 and offers advisory services in the areas of claims and disputes, fraud and investigations, and corporate finance and restructuring. Chicago, Houston, Los Angeles, and Washington, DC are the locations of the firm’s offices.

Stout will gain new capabilities in restructuring, economic consulting, and resolving complex liability insurance claims as a result of the acquisition.

#5. EisnerAmper acquires Baltimore-based Hoffman Group

EisnerAmper has bought The Hoffman Group, an accounting and consulting firm based in Baltimore.

The Hoffman Group, which was established in 2017, offers assurance, tax, and advice services to organizations and private clients. It has experience in the construction, manufacturing, wholesale distribution, government contracting, technology, and real estate industries.

EisnerAmper’s acquisition of the Hoffman Group will expand its capabilities and help in delivering added value to its clients and growth opportunities for its professionals.

#6. Other consulting M&A deals

  • Renovus Capital Partners acquires data consultancy Premier International
  • Hickey buys location strategy specialist CAI Global
  • Customer Collective adds strategic marketing consultancy flowresulting
  • Improving purchases software consultancy Bit Quill

Closing Thoughts

That’s it from us in this week’s consulting M&A news. If we missed out on mentioning any, then please write to us and let us know. We will be back again next week for another consulting M&A round-up. Till then, take care, and bye for now!