Consulting M&A Weekly Round-up (24th to 30th September, 2023)

by Laurent Thomas | Oct 3, 2023 | 0 comments

It’s no secret that the world of mergers and acquisitions consulting is constantly changing and evolving, and this week has been no different. While it may not have been the busiest week in terms of deals, there are a couple of exciting developments to report on, with industry giant KPMG spearheading this week’s headlines.

So, without further delays, let us jump right in!

#1. Feigenbaum Consulting team joins KPMG Canada

Mark Feigenbaum, along with his nine-member team from his accounting and law firm, has officially become part of KPMG’s Toronto North office.

Feigenbaum, who established his company in 2003 after spending six years at KPMG’s cross-border tax office, has returned to the Big Four firm as a partner. His team specializes in providing services related to tax planning, compliance, cross-border estate planning, wills, trusts, and litigation. They have garnered significant expertise in working with clients in the sports and entertainment sectors.

Before his initial tenure with KPMG Canada in 1997, Feigenbaum served as an educator at Wilfrid Laurier University. He has also imparted his knowledge through teaching courses in accounting, tax, and law at both York University and Toronto Metropolitan University.

The addition of the Feigenbaum Consulting team will substantially enhance KPMG’s capabilities in cross-border legal and tax planning services, as well as enrich its family office services.

“Mark is a highly accomplished lawyer, accountant, and advisor, boasting exceptional credentials and over three decades of experience in representing private sector and high-net-worth clients,” noted Frank Giordano, tax partner and GTA business unit leader at KPMG Canada.

“By collaborating with Mark and his team, we are uniquely positioned to meet the increasing demand for tailored professional services, particularly among our Family Office clients with interests and residences spanning multiple jurisdictions.”

#2. Skift purchases tourism consultancy Twenty31

Skift, a travel industry news and intelligence company headquartered in New York, has just this week completed the acquisition of Twenty31, a tourism consulting firm based in Vancouver.

Established in 2015, Twenty31 specializes in market research consultancy, assisting leaders and operators of tourist destinations in unlocking their competitive advantages. The firm has a strong focus on strategy, research, and investment attraction, with deep regional expertise spanning Canada, Africa, and the Middle East.

Twenty31’s primary area of expertise lies in the development and assessment of destination strategies, grounded in thorough primary quantitative and qualitative research.

This acquisition by Skift represents a significant expansion of the company’s advisory business, which was introduced last year to offer go-to-market strategies to clients within the travel industry.

Closing Thoughts

This week’s round-up of consulting M&A news has certainly been an interesting one. While there haven’t been a ton of developments, it’s clear that the industry is buzzing with activity.

We’re excited to see what news will break in the coming weeks as mergers and acquisitions continue to shape the landscape of consulting firms. Of course, we always welcome your insights and contributions, so don’t hesitate to get in touch if you hear of any deals we may have missed.

With that said, we’ll be signing off for now, but we’ll be back with more news next week!