Consulting M&A Weekly Round-up (20th to 26th November, 2022)

by Laurent Thomas | Nov 29, 2022 | 0 comments

This week was an exciting one for consulting M&A, with a flurry of major deals announced by some of the top names in the industry. Among them were acquisitions by EY, Capgemini, and more. Let’s have a look at all the deals of the week, one by one.

#1. EY acquires data & analytics specialist Bridge Business Consulting

Bridge Business Consulting, a Sydney-based data and analytics firm, has been bought by Ernst & Young for an undisclosed sum.

Bridge Business Consulting, founded in 2012 in Sydney and with a second location in Melbourne, provides data strategy, engineering, and management services, as well as analytics and artificial intelligence solutions, to clients in numerous industries, including consumer, retail, financial services, and telecommunications, among others.

The acquisition of Bridge strengthens EY’s capacity to assist clients and alter its own businesses through data and analytics.

#2. Capgemini Invent acquires creative agency 23red

Creative agency 23red has been acquired by Capgemini Invent, the consulting arm of the global professional services group Capgemini.

23red, which was founded in 2000 and headquartered in London assists top businesses, charities, and the government in altering the audience behavior. The firm’s specialists deliver projects with an emphasis on immediate measures that generate long-term transformation.

The capabilities of 23red will help Capegemini Invent’s UK team in meeting the growing demand for its sustainable and customer-first services, which are also a key area of growth for the Group.

#3. J.S. Held acquires EH&S firm Frostbyte Consulting

Frostbyte Consulting, a Calgary-based company specializing in environmental, health, and safety, has been bought by J.S. Held, a global consulting organization.

Frostbyte, which was founded in 2001, offers a wide range of enterprise IT services and solutions for risk management, safety management, environmental management, and regulatory compliance.

The acquisition of Frostbyte Consulting will bring J.S. Held cutting-edge ESG and EH&S technology and advisory services, which will make the firm’s sustainability solutions stronger.

#4. Deep Water Point buys Wolf Den Associates

Deep Water Point, a federal market-focused management consulting firm, has inked a formal agreement to purchase McLean, Virginia-based federal contractor consulting business Wolf Den Associates.

Wolf Den Associates, founded in 2009, offers capture and proposal, strategy consulting, and transaction advising services to over 400 federal clients. The company’s services include pre- and post-merger integration, proposal formulation and management, operational improvement, business development consulting, market research, and due diligence.

The acquisition of Wolf Den Associates by Deep Water Point will enable the company to provide full lifecycle growth support to federal contractors.

#5. ValuStrat expands real estate presence in UK with acquisition

ValuStrat, a Middle Eastern consulting firm, strengthened its footprint in the United Kingdom by acquiring Capital Value Surveyors, a London-based real estate advisory services organization.

Capital Value Surveyors, which was founded in 2018, offers survey and valuation services for residential and commercial properties in London and the South East of England. The firm specializes in providing services to clients in the financial services sector, including banks, specialized lenders, private funds, and other financial institutions.

Speaking about the deal, the CEO of ValueStrat stated that the acquisition of Capital Value Surveyors will help the firm meet the growing demands of its client base in the UK and Middle East.

#6. Sikich acquires Chicago-based Accelerated Growth

The national accounting and consulting firm Sikich has purchased the Chicago-based accounting, finance, and technology consulting firm Accelerated Growth.

Accelerated Growth, founded in 2009, assists entrepreneurial firms in optimizing and executing their accounting, finance, and technology responsibilities. The company offers managed accounting, finance transformation, technology and data, training and development, as well as board advisory services.

The addition of Accelerated Growth strengthens Sikich’s capabilities and improves the platform for expanding its client service offerings.

#7. CIMA+ purchases Durham Energy Specialist Limited

CIMA+, a design and engineering consulting company with its headquarters in Laval, Quebec, has acquired Durham Energy Specialist Limited (DES), a mechanical and electrical engineering company in Whitby, Ontario.

Durham Energy Specialist Limited (DES), which was established in 1978, offers mechanical and electrical engineering services for construction projects in the educational, health, municipal, commercial, industrial, and retail markets. Furthermore, the company also performs building renovations.

The acquisition will increase CIMA+’s footprint in Ontario and strengthen its buildings practice.

#8. Other consulting M&A deals

  • Digital consultancy Innovior joins forces with Probe CX

Closing Thoughts

Thank you for reading. We hope that we have been able to keep you up-to-date with all the latest news in consulting M&A. In case we missed any major deals, then please do not hesitate to let us know. Lastly, we hope to see you all again next week with more new updates!