Consulting M&A Weekly Round-up (2nd to 8th April, 2023)

by Laurent Thomas | Apr 10, 2023 | 0 comments

Well, hello there fellow consulting aficionados! It’s that time of the week again where we dive into the latest consulting M&A news. The week has been jam-packed with deals and we are here to keep you updated with all the latest.

It’s been a busy week for PwC, CIMA+, and BearingPoint as they scoop up some new players in the game. These purchases could mean big things for their businesses in the future. So, let’s have a look at all the deals that happened over the course of this week.

#1. PwC beefs up SAP consulting practice with purchase of Avoras

PwC has strengthened its SAP practice by acquiring Avoras, a SAP Gold Partner with teams in Europe, North America, and Asia.

Avoras, which was founded in 2017, has its headquarters in Basel, and has about 60 employees across offices in Switzerland, Germany, Portugal, the United States, Malaysia, and Singapore. Furthermore, Avoras is committed to serving clients in the pharma and life sciences industry and offers SAP consulting and implementation services built around the S/4HANA platform.

This deal will make PwC’s already-excellent advice services even better. It will also give the firm a huge boost that will help them serve its customers in a more complete way.

#2. CIMA+ acquires Vancouver-based MidSea Engineering

Vancouver engineering consulting firm, MidSea Engineering, has been bought by CIMA+, a national design and engineering company.

MidSea Engineering, which was founded in the year 2019 offers expertise in industrial engineering, hydropower, marine infrastructure, and water resources. Six civil, mechanical, and structural engineers on its staff, along with project managers, deal with a variety of clients, such as major utilities, local governments, private developers, and contractors.

The MidSea acquisition by CIMA+ will strengthen the company’s energy and resource sector in Western Canada as well as its municipal infrastructure capabilities in the fields of marine, hydropower, and water resources.

#3. WSP buys Australian mining sustainability firm Calibre

Global engineering giant WSP has purchased mining sustainability firm Calibre for a whopping sum of $275 million.

Calibre, which was established more than 20 years ago, offers services for blue-chip mining companies throughout the entire asset life cycle, with an emphasis on rail, infrastructure, rehabilitation, and renewable energy projects. Moreover, the company has offices in Perth, Sydney, Melbourne, and Brisbane.

Speaking about the deal, one of the main officials stated that the combined offerings by WSP and Calibre along with the increased capacity and global reach will provide the firm with leading capability. Moreover, they believe this acquisition is a testament to the hard work and dedication of its employees, and they are confident that this will drive continued success.

#4. BearingPoint expands Salesforce capabilities with Smplicity

BearingPoint, a global international consulting business, has expanded its Salesforce skills by purchasing Smplicity, a London-based consultancy.

Smplicity, founded in 2016, is a Salesforce Partner with dozens of completed projects. The company advises clients on Salesforce configuration and integration with business processes, provides assistance during the build and implementation phases, and offers ongoing maintenance and operations services.

The deal, which happens to be BearingPoint’s third of the year, deepens the firm’s Salesforce expertise in the UK and accelerates the firm’s growth.

#5. Clearwater International acquires PhiDelphi Corporate Finance

Clearwater International has expanded into the Netherlands by acquiring PhiDelphi Corporate Finance, a boutique mid-market M&A advisory firm.

PhiDelphi Corporate Finance was established in 2001 and has since developed into a major force in the Dutch mid-market. Over 250 transactions have been completed with the firm’s assistance since its establishment, with a third being international.

Speaking about the deal, the CEO at Clearwater International stated that Clearwater’s entry into the Netherlands comes in response to growing demand for transaction-related services in the country, both from international clients as well as local clients.

#6. Viseo acquires Salesforce partner Carnac Group

Viseo, an international IT consulting firm, has reinforced its Australian team with the acquisition of Carnac Group, a Salesforce partner based in Sydney.

Carnac Group, a Salesforce consulting partner founded in 2012, has had recent rapid growth, going from seven employees to thirty in the last four years. Carnac Group won the Global Innovation Award in the SMB Consulting Partner category in 2022, and Salesforce recognized the company its top Asia Pacific Implementation Partner of the Year in 2020.

Viseo’s local Salesforce capabilities, which support clients from consulting and system build through to installation and managed services, are strengthened with the inclusion of the 30-person Carnac Group.

#7. IG&H acquires Dutch Oracle Health Insurance provider Truston

Truston, a Dutch company that offers IT services to health insurers, has been bought by consulting firm IG&H. With the deal, IG&H now employs more than 400 people.

Truston, which was established in 1994, specializes in the implementation, administration, and ongoing support of Oracle Health Insurance, one of the most widely utilized core systems by health insurance companies.

The addition of Truston by IG&H will not only help the firm secure specialists in Oracle Health Insurance implementation work, but also extends its offerings to healthcare insurers with managed services, enabling the firm to provide a more complete offering to its clients in the industry.

#8. Bowman Consulting Group acquires DC-based Richter & Associates

Bowman Consulting Group, an infrastructure engineering consulting firm located in Reston, Virginia, has purchased Richter & Associates, a dry utilities engineering firm based in Rockville, Maryland.

Richter & Associates was established in 1989, and assists developers in the planning, creation, and implementation of telecommunications, electric, and natural gas infrastructure. The company’s clientele include: municipal governments, utility companies, residential builders, and commercial real estate developers.

The purchase of Richter & Associates by Bowman Consulting Group is a part of the company’s strategy to boost revenue from power and utility project work. Additionally, it will increase its footprint in the DC metropolitan area.

#9. Other consulting M&A deals

  • Moore Kingston Smith acquires Devon-based Pilot Financial
  • PKF integrates Buckley Richardson Partners into its network
  • Xero’s WorkflowMax to reincarnate under BlueRock’s wings

Closing Thoughts

As you can see, the consulting M&A news world is constantly in motion. While there are plenty of rumors and speculations out there, every deal comes with potential implications for both the companies and the industry sector.

All in all, there’s always something new to look out for and this week was no different. As we end this round-up, we just want to thank each and every one of you for taking the time to keep up with us.

We appreciate your interest and commitment. Stay tuned as we share more M&A news each and every week – it’s never a dull moment! Until then, be sure to check back regularly or follow us on social media to stay informed on all things related to global consulting. Thanks again and have another great week!