Welcome back to our consulting M&A weekly round-up! Each week, we will be featuring the latest news and headlines in the world of consulting M&A. This week, we are taking a look at some of the biggest deals and announcements from the past seven days. Major consultancies such as PwC, Accenture, Deloitte, and Ernst & Young have all expanded their reach. So, without further ado, let’s take a closer look at some of the biggest stories from this week.
#1. PwC acquires boutique innovation consultancy Pollen8
PricewaterhouseCoopers has acquired Pollen8, a London-based boutique innovation consulting firm. This deal happens to be PwC’s second deal in 2022 so far. Moreover, Pollen8 joins PwC’s Commercial Technology practice, which helps clients across the country and around the world with developing and building new business models, as well as commercializing these models.
Pollen8 consultancy was founded in 2016 and focuses on strategy and design services in the innovation space, backed by its own SaaS platform that enables customers to create new concepts and solutions and embed an innovation culture.
#2. Accenture acquires 270-strong sustainability consultancy Greenfish
Accenture has purchased another sustainability-focused consultancy in Europe, just two weeks after acquiring Avieco. The addition of Greenfish to its Sustainability Services practice in Belgium, France, and the Netherlands brings the total number of professionals in the practice to 270.
Greenfish is a consulting and engineering firm based in Brussels that assists companies with decarbonization and sustainability services. Moreover, the consultancy has opened offices in Antwerp, Ghent, Amsterdam, Paris, and Lyon since its foundation in 2010.
Furthermore, the merger will enable Greenfish to access a wider range of clients and provide a whole new level of strategic guidance and technological services, according to co-founder Yann Louise.
#3. Deloitte Canada buys economic development specialist MDB Insight
Deloitte Canada has purchased MDB Insight, a Toronto-based economic and workforce development consultancy firm. MDB will be integrated into Deloitte’s economic advisory team within its financial advisory practice.
Founded way back in 2007, MDB Insight is a full-service market research and analytics firm that also offers advice and actionable plans for economic and workforce development. Investment attraction, community development and participation, and municipal research are among MDB’s other specialties.
#4. EY buys customer consultancy Blackdot
Ernst & Young has bought Blackdot consulting, a customer transformation consulting firm based in Sydney, Australia. As part of the deal, Blackdot’s global team of 64 individuals will join EY firms in Australia, the United Kingdom, and Canada.
Blackdot, a consulting firm founded in 2001, offers services in customer-centric transformation, customer and channel strategy, customer journey activation, commercial excellence, and customer technology adoption. The company focuses on providing services to clients in the financial services, health sciences, media and communications, and professional services industries.
The acquisition of Blackdot will see Ernst & Young fulfill their ambition of building a world-class customer and growth capability.
Closing Thoughts
Thank you for reading our consulting M&A weekly round-up. We hope you found it helpful and informative. As always, if we missed any deals this week, don’t hesitate to write to us. We will be back next week with another consulting M&A round-up. In the meantime, have a great week!
