Welcome back to our weekly roundup of consulting M&A news! Each week, we highlight the most recent news and headlines in the consulting M&A world. This week is no different, and thus, we’re going to look at some significant agreements and announcements from the past seven days. Big deals were made this week including deals from big companies like Accenture and Deloitte. Let’s have a look!
#1. Begbies Traynor adds Budworth Hardcastle to Eddisons wing
Begbies Traynor’s subsidiary Eddisons has finalized the acquisition of Budworth Hardcastle as it continues to expand. With the acquisition, Eddisons’ East Midlands team now has 18 more employees.
Budworth Hardcastle is a firm of chartered surveyors that was founded in 1992 and has offices in Northampton, Kettering, and Peterborough. The firm’s teams provide valuation, commercial property agency, and building consultancy services to a wide range of regional clients, which is consistent with the group’s existing service offering and improves its regional footprint.
The deal will help Eddisons extend its footprint in Eastern England due to Budworth Hardcastle’s proven track record of delivering high-quality professional advice in the region.
#2. Accenture buys silicon design specialist XtremeEDA
Accenture, one of the Big 4 consulting firms in the world, has agreed to buy XtremeEDA, a silicon design services company based in Ottawa, Canada.
Founded in 2002, XtremeEDA provides engineering services for semiconductors to businesses seeking unique silicon solutions for consumer electronics, cloud data centers, machine learning, and AI computational platforms. Moreover, the firm has about forty engineers and practitioners that have extensive knowledge of digital design verification, processor and system integration, and hardware security.
Accenture’s acquisition of XtremeEDA will enhance its cloud division’s edge computing capabilities. It will also improve its capacity to assist clients in optimizing the management and utilization of tangible assets close to the user and the creation of interactive experiences.
#3. Levi, Ray & Shoup acquire Fulcrum Consulting
Levi, Ray & Shoup, a technology consulting firm based in Springfield, Illinois, has purchased Fulcrum Consulting, an IT staffing and consulting organization based in Minneapolis.
Fulcrum Consulting was established in 2002 and offers clients in the twin cities market business consulting, project management, and IT staffing services. Strategy, operations, M&A, personnel, risk, and financial consulting are among the advisory services offered by the company. Additionally, Fulcrum offers its clients nearshore development services.
With the acquisition of Fulcrum by Levi, Ray & Shoup, the company will have a presence in Minneapolis and more than 1,000 employees worldwide. Furthermore, Fulcrum will become a subsidiary of LRS Consulting Services, the IT and engineering staging part of LRS, and operate as a branch.
#4. Moss Adams acquires Mengali Accountancy
Mengali Accountancy, a boutique accounting firm with offices in Healdsburg, California, has been bought by Moss Adams, a global accounting and consulting firm.
Renee Mengali, the company’s chief executive officer, founded the firm in 2003 after nine years in accounting. Based in Sonoma County, the firm has it’s focus in real estate and delivers outsourced accounting and bookkeeping services as well. Its other services include real estate fund administration, high-net-worth family office services, as well as a full range of tax preparation and consulting services.
Moss Adams’ acquisition of Mengali Accountancy will help build a more robust consulting team and will broaden their consulting services offering to its clients.
#5. Deloitte buys Integrated Enterprise Solutions for the second time
Deloitte has bought Integrated Enterprise Solutions, a Hong Kong-based provider of IT consulting services and solutions, for the second time in a decade. The Big 4 consulting firm had previously acquired Integrated Enterprise Solutions way back in 2012.
But after five years under Deloitte, the Hong Kong-based firm returned to independence. Years later, Deloitte’s dealmakers have acquired Integrated Enterprise Solutions again along with its twelve employees to its consulting business.
Founded in 1992, Integrated Enterprise Solutions offers services like business process re-engineering, custom system development, design and implementation of IT infrastructure, and integration of technology. The firm focuses on the public sector, and most of its clients are Hong Kong government bureaus and departments.
Integrated Enterprise Solutions’ vast experience in systems integration using digital and analytics technologies will help Deloitte scale greater heights.
This concludes the mergers and acquisitions consultancy news for the week. If we skipped any news by mistake, have your say and let us know. Also, check back next week for more weekly consulting M&A news. Till next time, it’s bye for now. See you soon!