Consulting M&A Weekly Round-up (21st to 27th August, 2022)

by | Aug 29, 2022 | 0 comments

Welcome back to our consulting M&A news segment. Every week we bring you the latest consulting M&A news from the week gone by, and we’re back again for another round-up. M&As are designed to create value and the deals mentioned in this article will give you a fair idea about pot-pandemic M&A trends and strategies.

#1. Capita buys stake in social talent platform WithYouWithMe

Capita has continued to reposition its offerings by acquiring a share in a social impact organization WithYouWithMe that works with UK war veterans. Capita has invested in WithYouWithMe in an effort to help veterans close the digital skills gap in the United Kingdom.

WithYouWithMe is an Australian social enterprise that was founded in 2015. The company collaborates with organizations like EY, BAE Systems, and Atos in order to address skill gaps throughout the world and assist partners in finding jobs for 20,000 individuals. Two of its three founders are veterans, so this was part of its original mandate, but it has also assisted refugees and people with neurodivergent traits in finding employment.

Through its cooperation with WithYouWithMe, Capita is also helping to develop the 15,000 Futures initiative, which aims to generate skilled employment opportunities for war veterans in the technology industry. 15,000 Futures works with major UK firms to urge them to fill five percent of available digital employment with reskilled veterans.

#2. Deloitte purchases learning & development consultancy The ID Crowd

Deloitte, one of the Big 4 consulting firms, have acquired The ID Crowd, a learning & development consulting firm based in Sydney. The deal, which is Deloitte’s first in its 2022/23 financial year, brings about 16 new employees to its Human Capital practice.

The ID Crowd, founded in 2013, specializes in the creation of learning solutions and programs. The team serves clients in the financial services, health, utilities, retail, and public sectors while operating out of Melbourne, Sydney, and Brisbane.

Deloitte’s acquisition of The ID Crowd will give it an excellent chance to speed up their work, make learning at work better, and have a bigger impact on its clients by creating more human workplaces.

#3. Guidehouse acquires public sector practice of Grant Thornton US

Guidehouse, a management consulting firm based in Tysons Corner, Virginia and a portfolio business of Veritas Capital, has purchased the public sector practice of Grant Thornton US.

Grant Thornton, a public sector practice employs more than 480 employees in the Washington, DC metropolitan area and other US cities. The practice offers solutions in finance, human-capital management, information technology, data analytics, and performance management to federal, state, and local governments.

The acquisition of Grant Thornton by Guidehouse will help the firm align their strategy to expand expertise and capabilities in support of its clients.

#4. Xebia acquires Seattle-based 47 Degrees

The Seattle-based application development firm 47 Degrees has been bought by Xebia, a multinational IT consultant located in the Netherlands.

47 Degrees, which was founded in 2010, provides comprehensive consulting services in functional programming languages, and offers considerable benefits when developing scalable and parallelized systems. The firm’s engineers have created, built, and deployed software for Microsoft, Whitepages, and Dataline, among others.

Speaking about the deal, the global CEO of Xebia Group claimed that joining forces with 47 Degrees will benefit the firm because of their strong expertise in Scala, Kotlin, and functional Java. Moreover, it will help Xebia establish their presence on the global market and expand their functional programming expertise to Rust, Clojure, and Haskell.

#5. Stout buys Davis & Hosfield Consulting

Stout, a global investment bank and advisory organization, has acquired the Chicago-based financial and economic consultancy firm Davis & Hosfield Consulting.

Since its inception in 2003, Davis & Hosfield has helped businesses and the legal counsel representing them in the analysis of financial and commercial disputes. In hundreds of litigations involving patent and trademark infringement, trade secret misappropriation, breach of contract, post-acquisition issues, business valuations, and antitrust, the firm’s experts have offered damages evaluations and testified as expert witnesses.

The acquisition of Davis & Hosfield by Stout will broaden the firm’s expert testimony and consulting services within its disputes, compliance, and investigations group. As part of the deal, Julie Davis and Mark Hosfield, the co-founders and principals of the company, will join Stout as managing directors. Melissa Bennis and Lynsey Honegger will also join as managing partners.

#6. Milrose acquires Texas-based land use consultancy Masterplan

Milrose Consultants, the largest company in the US that offers consulting services for building codes and municipal compliance has purchased Masterplan, a full-service land use and planning firm in Dallas.

Masterplan, founded in 1981, is the largest land use firm in Texas that specializes in zoning, permits, and community engagement. The company has offices in Austin, Dallas, Frisco, Houston, and Fort Worth, and has secured thousands of government permits for development sector clients.

The acquisition of Masterplan by Milrose will extend the consulting firm’s footprint in Texas and enhance its capacity to provide comprehensive services.

#7. Other consulting M&A deals

  • Keystone Capital invests in Novatio Solutions
  • Local government consultancy Management Partners joins Baker Tilly US

Closing Thoughts

That’s a wrap for this week. We shall be back again next week for another round-up of M&A consulting news for you. In the meantime, if you think we missed out on mentioning any important M&A consulting deals for the week, then please write to us and let us know. Thank you!

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