Consulting M&A Weekly Round-up (18th to 24th September, 2022)

by | Sep 26, 2022 | 0 comments

Welcome back to another weekly round-up of consulting M&A news from around the globe. A few important deals were done during the week gone by, and we will delve into them, one by one.

#1. Cincinnati-based RTM Consulting joins engineering group Belcan

RTM Consulting, a provider of strategic and operational advice to service providers, has been bought by Belcan, an aerospace and defense-focused engineering and consulting organization.

RTM, which was established in 2007, collaborates with service providers in the fields of technology, enterprise IT, marketing, medical devices, accountancy, and consulting. The company’s services include training, project and portfolio management, service business optimization, digital transformation, and resource and workforce management.

The acquisition of RTM by Belcan will assist the more than 10,000-strong firm in optimizing its internal delivery teams.

#2. Tailwind Capital sells mobile specialist Stratix to LLR Partners

LLR Partners has acquired Stratix, an Atlanta-based IT consulting firm specializing in mobility management services (MMS), from Tailwind Capital.

One of the biggest pure-play MMS specialists in the US, Stratix has more than 330 workers. The company assists clients from a variety of industries in managing the entire lifecycle of their mobile hardware and software, including planning, acquiring, implementing, maintaining, reporting, and evaluating their mobile solutions.

Moreover, in 2016, Stratix was bought by Tailwind, a New York-based private equity (PE) firm that works in the mid-market. The company will keep a small share of Stratix.

LLR Partners’ acquisition of Stratix from Tailwind Capital will help the firm in offering a broad range of mission-critical services that enable continuous up-time and efficiency.

#3. ACA Group acquires data specialist Ethos ESG

Ethos ESG, a provider of environmental, social, and governance (ESG) ratings data and software for financial advisers, asset managers, institutions, and investors, has been bought by ACA Group, a financial services-focused governance, risk, and compliance (GRC) consulting firm.

Ethos ESG, which was established in 2019 in Minneapolis, provides a platform for reviewing over 350,000 impact evaluations of stocks and funds across 45 causes, including climate change, racial justice, and mental health. The platform provides complete transparency on rating process and the 100 proprietary databases supporting ratings. It can also scrape publicly available information for inclusion in ratings, thereby assisting GRC professionals in comprehending the ESG features of their assets.

The acquisition of Ethos by ACA Group will augment its ESG advising business with an analytics solution. Moreover, speaking about the deal, the CEO of ACA group was very excited about the purchase as the deal was ACA’s first excursion into analytics as a service, and give the firm an exciting step toward expanding their footprint in the ESG market.

#4. Argon & Co grows New Zealand presence with Intent Group deal

Argon & Co has increased its team in Australia and New Zealand with the purchase of Intent Group.

Intent Group, an operational improvement consulting firm based in Auckland, was established in 2003. The company helps its clients improve their productivity and performance through its knowledge in supply chain, procurement, finance, and shared services.

Speaking about the deal, an Associate Partner at Argon & Co. was upbeat about the purchase of Intent Group as it will help the firm in broadening their proposition by allowing them to provide on-the-ground capability and in-market expertise from local consultants. By doing so, it will help create more value for their clients.

#5. MedTech firm RQM+ acquires Jordi Labs

RQM+, a provider of professional services specializing in healthcare, has bought Jordi Labs for an undisclosed sum to add to its capabilities and meet the growing needs of its clients in North America and Europe.

RQM+ is a professional services company having offices in Nottingham, United Kingdom, and Basel, Switzerland, and its main office is in Monroeville, Pennsylvania. Moreover, the firm considers itself to be the largest regulatory and clinical consulting firm in the world with a specialization in medical devices and diagnostics. Additionally, it provides a wide range of MedTech services that assist market access for medical devices and diagnostics throughout the whole product lifecycle.

The acquisition will boost RQM+’s regulatory and manufacturing services for the medical industry by adding additional capabilities.

#6. Other consulting M&A deals

  • Wavestone beefs up British division with acquisitions of PEN Partnership and Coeus Consulting

Closing Thoughts

Thank you for reading! That wraps up our weekly round-up of consulting M&A news. If you missed out on any deals, then please let us know by writing to us. We will be back next week with another round-up of consulting M&A news. Till then, stay safe and take care!