Consulting M&A Weekly Round-up (17th to 23rd July, 2022)

by | Jul 26, 2022 | 0 comments

Hello, and welcome to our weekly round-up of consulting M&A news. Every week we dig deep and look at all the M&A consulting news that were done throughout the week. This week, a few transactions were made and we will delve into them right away.

#1. Ryan acquires grant discovery platform Fundingportal

Ryan, a global corporate tax advisory firm, has acquired The Financing Portal Inc (Fundingportal), a Toronto-based software provider that matches clients with funding and grants possibilities.

Fundingportal was established in 2011 as a supplier of software-as-a-service (SaaS) that assists businesses, municipalities, nonprofits, and other groups in securing grants, government incentives, and other funding. More than one million applicant organizations have utilized the company’s web resources, including advising companies, huge enterprises, and economic development agencies.

The acquisition of Fundingportal by Ryan will increase its government funding and grant offerings in Canada and its client base.

#2. Node4 acquires IT services provider Risual

Node4, a cloud-based digital transformation company, has said that it will buy Risual. The IT managed services and solutions provider adds 170 employees from the UK to Node4’s services.

As a Microsoft Expert for the past 17 years, Risual has extensive solution and service knowledge across all Microsoft platforms and specializes in transforming clients in cloud, business, and digital.

With the addition of 170 new specialists, Node4’s managed services business gains considerable capabilities, expertise, and revenue, with a focus on all three Microsoft cloud platforms and clients from the public and private sectors.

#3. Gallagher buys Toronto executive search firm Four Corners Group

Four Corners Group, a Toronto-based executive search agency, has been bought by Gallagher, a global insurance brokerage and HR consulting organization.

Four Corners was founded in 2007 and offers executive search, middle management search, compensation program design, competency assessment, leadership coaching, and executive transition planning services. Moreover, the company has roughly 20 workers and serves clients in numerous areas, such as financial services, technology, healthcare, professional services, retail and consumer, manufacturing, education, and non-profit.

The acquisition of Four Corners Group will assist Gallagher in expanding and enhancing its worldwide talent and leadership advising services.

#4. Andersen buys real estate specialist Rosen Consulting Group

The San Francisco-based tax consulting business Andersen has purchased the Berkeley, California-based real estate and economic consulting firm Rosen Consulting Group (RCG).

Ken Rosen, emeritus professor at the Haas School of Business at the University of California, Berkeley, and chairman of the Fisher Center for Real Estate and Urban Economics, started the Rosen Consulting Group in 1990. The company offers strategic real estate consulting, investment analytics, market evaluations, and forecasting services to a variety of clients, including banks, pension funds, private equity, REITs, and developers.

The addition of RCG by Andersen will help the firm in providing a best-in-class real estate consulting and economic group across the country and world.

#5. EFESO Consulting beefs up US presence with Argo Consulting

EFESO Consulting, a Paris-headquartered global consultancy firm has significantly expanded its presence in the world’s largest consulting market through its merger with Argo Consulting.

Argo Consulting, based in Chicago, brings a team of 90 professionals to EFESO Consulting, increasing its global headcount to around 800 in 25+ countries, making it one of the world’s largest consultancies dedicated to operations and performance improvement in industrialized sectors.

Argo Consulting, founded in 1998, is an operations improvement consulting firm that has grown into an award-winning player in the US market. The firm provides top-notch services such as operations strategy, lean, and operational excellence to clients in industries such as transportation, industrial manufacturing, chemicals, energy, and natural resources.

The merger will see Argo Consulting bring a lot of hands-on experience and knowledge in areas like Operations Strategy and Performance Improvement, Supply Chain Optimization, Lean Product Development, Value Engineering, and Operations Due Diligence.

Together with their individual skills, Argo-EFESO will continue to help clients move forward more quickly and get ready for the future.

#6. Broadbent Financial joins private wealth business of BlueRock

BlueRock, a Melbourne-based firm has acquired Broadbent Financial, a private asset management company.

Broadbent Financial, which was founded in 2008, is an advisory firm that provides investment and asset management services to high-net-worth individuals, families, self-managed super funds, and trusts.

Adding Broadbent Financial to its team, BlueRock adds great capability to its existing asset management offering in a way that aligns with its BlueRock growth strategies and values.

#7. Infosys buys 200-strong European life sciences consultancy Base

Infosys, a global IT services company, has expanded its consulting arm in Europe with the acquisition of Base Life Science, a Danish-based firm with approximately 200 consultants in seven countries.

Base Life Science, founded in 2007, specializes in several areas of life sciences, including commercial, medical, marketing, clinical, regulatory, and health and quality, and works with clients in consumer health, animal health, med-tech, and genomics. The firm offers management consulting services as well as a variety of technology services, and it is particularly well-known for its expertise in using data science to improve health outcomes.

This acquisition strengthens Infosys’ deep life sciences expertise, expands its footprint in the Nordics and across Europe, and scales its digital transformation capabilities with cloud-based industry solutions.

#8. Other consulting M&A deals

  • Chicago-based Argo Consulting joins global player EFESO Consulting.

Closing Thoughts

And that’s all we have for you this week. Let us know what you think about these deals, and maybe write to us if we’ve missed out on mentioning any deals done this week. Anyway, we will be back next week with another summary of mergers and acquisitions in consulting. So, until next time, it’s goodbye for now!