Consulting M&A Weekly Round-up (25th to 1st October, 2022)

by | Oct 3, 2022 | 0 comments

We’re back again with another weekly round-up of consulting M&A news. Unlike the past few weeks, this time around, it has been pretty quiet, but there have been a few deals nonetheless. Let’s have a look at all of them starting with Avocado Consulting’s big acquisition!

#1. Avocado Consulting expands cyber capabilities with Cyberisk deal

Avocado Consulting, a tech company, has improved its cyber security capabilities by purchasing Cyberisk, a small company in Victoria that specializes in cyber and information security.

Based in Melbourne, Australia, Cyberisk is a cybersecurity advisory firm that provides services to its clients across Australia and internationally. Cyberisk offers a comprehensive portfolio of services and capabilities such as cyber security health check, security strategy, program design, implementation and operation, penetration testing, posture assessment, and vulnerability assessment.

Speaking about the deal, Avocado Consulting’s CEO stated that the acquisition of Cyberisk will enable the firm to add critical advisory services at the beginning of a client’s cyber maturity journey, and at the same time, will help the firm enhance their existing cyber technology capabilities.

#2. Johannesburg-based ITProsper acquired by Dutch player LINKIT

ITProsper, a South African IT consulting firm, has been bought by LINKIT, a Dutch IT services provider with over 1,000 employees.

ITProsper has been in operation since 1998. The company assists clients with a variety of IT development and deployment tasks, with a particular emphasis on low-code platforms.

Now, the firm has joined LINKIT, and has changed its name to LINKIT South Africa, with founder Vonnelize Haupt still serving as branch manager. The deal’s financial details have not been made public.

The acquisition of ITProsper by LINKIT will allow the Dutch company to become a considerably larger market competitor. In addition, the move gives the company access to talent at a time when Western Europe is experiencing a severe (and worsening) technical talent shortage.

#3. Baker Tilly expands tax practice with True Partners Consulting purchase

Baker Tilly US completed the acquisition of True Partners Consulting, a tax and business consultancy firm based in Chicago.

True Partners Consulting, which was founded in 2005, provides tax and financial reporting services to mid-market and Fortune 1000 clients throughout the United States. Income, federal, state, and local taxes, as well as foreign taxes, transfer pricing, credits and incentives, global CFO solutions, tax technology, and unclaimed property are among the firm’s offerings.

The acquisition of True Partners Consulting by Baker Tilly will boost its tax practice and create a new unclaimed property product. The transaction, which will be finalized on November 1, will also increase Baker Tilly’s physical presence in Atlanta and Tampa.

Closing Thoughts

And that’s all we have for you this week! If we missed out on any, then make sure you write to us and let us know. We will be back again next week with another consulting M&A weekly round-up. So until next time, its bye for now!

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