Hey there, consulting enthusiasts! It’s time for our weekly round-up of all things consulting M&A in the industry. While there haven’t been a ton of deals this week, there are definitely a few worth mentioning.
Atwell, Armanino, and 10 Pearls have all been busy making some purchases that could have big implications for their businesses moving forward. It’s always interesting to see what companies are up to in terms of acquisitions – will they be successful or will they face challenges ahead?
Let’s dive in and take a closer look at each of these deals.
#1. Atwell purchases engineering consultancy Blueline
Atwell, a design and engineering consulting company, has purchased Blueline, a civil engineering, land use planning, and landscape architecture company based in Kirkland, Washington.
Blueline, which was established in 2003, focuses on commercial developments, multifamily buildings, residential subdivisions, and public works projects in Washington State. Moreover, the company employs 75 employees across its four offices in Washington.
With the acquisition of Blueline, Atwell will drastically increase its footprint in the Pacific Northwest, where it already maintains an office in Portland, Oregon. Additionally, the transaction will increase Atwell’s regional capacity to serve residential, commercial, industrial, and energy customers.
#2. Armanino buys Blue Sky Group and Royalty Compliance Organization
National accounting and consulting firm Armanino has purchased music business management agency Blue Sky Group of Nashville and music rights and royalties auditing firm Royalty Compliance Organization (RCO).
Blue Sky Group assists singers, songwriters, athletes, actors, and other high-net-worth persons in maximizing the profitability of their businesses. The company provides commercial and financial management monitoring, auditing, due diligence, and valuations, real estate and insurance advice, and tour accounting, among other services.
On the other hand, RCO helps with licensors, artists, and writers on royalty compliance concerns. The company offers audits of royalty compliance, appraisals of recording and copyright, licensing, profit participation agreements, financial due diligence, and litigation support.
The acquisition of Blue Sky and RCO will enhance Armanino’s business management expertise as well as its auditing and tax skills. The deal will also give the San Ramon, California-based company its first presence in Nashville.
#3. 10Pearls acquires healthcare consultancy Inspirant Group
10Pearls, an Information Technology consulting firm based in Washington, DC, has acquired Inspirant Group, a healthcare consulting firm based in Chicago.
Inspirant, which was founded in 2017, provides technology and process solutions to large and regional healthcare insurance carriers. Care management, utilization management, clinical decision support, claims administration, data and analytics, learning and development, and other services are provided by the company.
The acquisition of Inspirant by 10Pearls will enable its healthcare segment to provide comprehensive digital transformation services, ranging from new product creation to business automation and optimization.
Well folks, that’s it for this week’s round-up of consulting M&A news. We hope you found it as interesting as we did! We know there’s a lot going on in the world, but we’re committed to keeping you up-to-date on all the latest deals in the consulting industry.
If there’s anything we’ve missed, please drop us a message and let us know. Until next time, take care and keep reading. We’ll be back with another round-up before you know it!