Consulting M&A Weekly Round-up (30th to 5th November, 2022)

by Laurent Thomas | Nov 9, 2022 | 0 comments

Welcome back to our usual weekly round-up of consulting M&A news. We’ve got quite a few deals to run you through this week including acquisitions by big consulting firms like Capgemini, Baker Tilly, Sia Partners, and more. Let’s look at them, one by one!

#1. Capgemini purchases consultancies Quantmetry and Quorsus

Capgemini has acquired two European consulting firms – Quantmetry in France and Quorsus in the United Kingdom.

Quantmetry, which was founded in 2011, offers data science services to clients in the manufacturing, energy, retail, consumer goods, and insurance industries, including big data, artificial intelligence, machine learning, business intelligence, and process mining.

On the other hand, Quorsus was established in the year 2019 and specializes in capital markets solutions for financial institutions. Moreover, the company offers experience in regulatory reporting, operations, securities processing, and post-trade technology to benefit banks, infrastructure suppliers, and industry groups.

Jeremy Harroch, the CEO of Quantmetry, and Ryan Baccus, the CEO of Quorsus, both liked the idea of joining forces with Capgemini. They both praised the group’s global reach and wide range of services, which will help both consultancies better serve their clients.

#2. Baker Tilly expands into Southwest US with Henry+Horne acquisition

Accounting and consulting business Henry+Horne of Tempe, Arizona has been acquired by Baker Tilly as part of the company’s expansion into the Southwestern United States. The deal is set to be fully completed by around December 1st, 2022.

Henry+Horne, established in 1957, is a full-service firm that specializes in estate and trust administration, litigation and valuation, tax advice and compliance, accounting and audit, business consultancy, and foreign services.

With this deal, Baker Tilly will have a bigger presence in a growing market in Arizona. Moreover, as part of the deal, Chuck Goodmiller, who was a co-managing partner at Henry+Horne, will join Baker Tilly as a managing partner for the Arizona market.

#3. Levio acquires IT consultancy Indellient

Levio, a Montreal-based IT consulting firm, has purchased Indellient, a software development and IT consulting firm situated in Oakville, Ontario.

Indellient, a company founded in 2004, offers clients in the financial services and retail industries cloud services, DevOps, data and analytics, and managed IT solutions. Furthermore, the company specializes in creating, implementing, and designing cloud solutions for payments and fraud detection.

The acquisition of Indellient by Levio will expand the company’s presence in the Greater Toronto Area. The transaction will also help the company’s position in the financial services sector. Moreover, as part of the transaction, Indellient founding president Adam Caromicoli and his leadership team will join Levio’s management team.

#4. Sia Partners acquires Latham BioPharm Group, launches life science division

Sia Partners, a management and technology consulting firm located in Paris, has formed a new life science section with the acquisition of Latham BioPharm Group (LBG), a life science consulting firm situated in Elkridge, Maryland.

Latham BioPharm Group, which was established in 1996, focuses on assisting pharma, biotech, and medical device companies obtain non-dilutive funding from US government organizations and NGOs.

With competence in all product categories and medical devices, the company also offers product development support throughout discovery, preclinical, CMC, regulatory, clinical research, and project management. Moreover, the strategic consulting services provided by LBG also cover financial analysis, transaction-related help, and market research.

Sia intends to expand the new division to 200 employees by 2024, with life science clients accounting for 10% of total revenue in 2024. Moreover, Peter Latham, founder of LBG, will lead Sia Partners’ new global life science sector. In addition to Joshua Speidel and Michael McGinnis, the trio will join the US management team as partners.

#5. Rimkus buys Delta Engineering and Inspection Inc.

Houston-based forensic engineering and technical consulting business Rimkus has purchased the Florida firm Delta Engineering and Inspection Inc. of Lakewood Ranch.

Delta Engineering and Inspection Inc. was established in 1999 and is an expert in delivering engineering, project management, inspection, and expert witness services for existing buildings and structures. The company works with neighborhood associations, owners, developers, contractors, attorneys, architects, and lending institutions. It has extensive competence in restoration and design, condition assessments, and advice on construction defect issues.

The acquisition of Delta by Rimkus will bolster its seven-location presence in Florida. Moreover, the deal is the most recent in a line of deals that aim to establish Rimkus as a “one-stop solution for the built environment.

#6. BDO USA acquires life sciences specialist AdaptaLogix

BDO USA has purchased AdaptaLogix, a developer of NetSuite solutions for life sciences firms situated in Dublin, Ohio.

AdaptaLogix, founded in 2016, provides mid-market and pre-revenue pharma companies with NetSuite-based enterprise resource planning (ERP) and material requirements planning (MRP) solutions.

The acquisition of AdaptaLogix by BDO USA will enhance its ERP consulting services for pharmaceutical firms. Fourteen full-time employees will join the enterprise business applications solutions group at BDO Digital, which will continue to work with twenty related contractors.

#7. Telus International acquires digital consultancy WillowTree

Telus International, the IT consulting arm of Telus, a communications company based in Vancouver, has bought WillowTree, a Charlottesville, Virginia-based company that specializes in making mobile apps.

WillowTree, which was established in 2008, offers assistance with mobile strategy, product design, development, testing, launch, and growth. Among the Fortune 500 companies the business works with Fox, PepsiCo, ABInBev, and Manulife.

Telus International will gain strong mobile development capabilities as a result of acquiring WillowTree, which will aid in meeting client and internal demand for digital product resources. It will also increase Telus International’s presence in two new countries and add new clients.

#8. Other consulting M&A deals

  • Evora Global wins investment from Bridges Fund Management
  • Auctus Advisors joins Asian management consultancy YCP Solidiance

Closing Thoughts

That’s it from us for this week’s round-up of consulting M&A news! If we missed out on mentioning any deals, then please let us know. Also, we will be back again next week! So until next time, its bye for now!