We are back again for another weekly round-up of consulting M&A news. We have quite a lot of deals to run you through starting from important acquisitions by top players like Bain & Company, KPMG, and more. So, let’s begin!
#1. Bain & Company acquires digital product studio Umbrage
Management consulting firm Bain & Company has purchased Umbrage, a digital product firm based in Houston, Texas, in the United States.
Umbrage, which was founded in the year 2019, assists enterprise clients in the design, development, and scaling of software products. Product management, full stack development, DevOps, UX/UI design, and quality assurance are among the services provided by the company. Moreover, Umbrage serves clients in the energy, resources, and financial services industries.
The acquisition of Umbrage by Bain & Company will expand its Vector digital services platform’s innovation and design expertise.
#2. KPMG acquires Adelaide-based SAP specialist Think180
The Australian branch of KPMG has completed its first acquisition in nearly a year by acquiring SAP expert Think180.
Think180, formerly known as Locl, was created in 2007 to provide SAP integrations and solutions in the areas of work execution, asset management, regulatory compliance, analytics, and managed services to clients in the energy, utilities, mining, and construction industries.
The purchase of Think180 demonstrates KPMG’s commitment to provide the Australian market with industry-leading SAP services.
#3. Secretariat acquires economic consulting firm Intensity
Secretariat, an expert witness and litigation consulting organization based in Atlanta, has acquired Intensity LLC, an economic consultancy firm based in San Diego.
Intensity, which was founded in 2014, offers financial and economic consulting services to law firms and legal departments across industries. The litigation practice of the firm provides consulting services in antitrust & competition, intellectual property, labor & employment, and securities & finance, whilst the analytics practice provides services in predictive modeling, forecasting, investing, and marketing & sales.
The purchase of Intensity by Secretariat will increase its economic and regulatory advising practice to more than one hundred specialists and add considerable capabilities in IP, securities, antitrust, and commercial damages, among other fields.
#4. Northstar Recycling buys Sonoco Sustainability Solutions
Northstar Recycling, a provider of managed waste and recycling solutions based in Springfield, Massachusetts, has acquired Sonoco Sustainability Solutions (S3), a provider of recycling managed services and consultancy.
Sonoco Sustainability Solutions (S3), which was founded 17 years ago, diverts trash from landfills into useful reuse applications on behalf of large manufacturers and distributors. Customized services provided by the division include management of sustainability programs, logistics and sales management, centralized data reporting, and transportation, sale, and disposal of materials.
Northstar Recycling’s acquisition of Sonoco Sustainability Solutions will help the firm to expand its combined capabilities, customer base, and subject matter expertise.
#5. Thoughtworks purchases Australian AWS Consultancy Itoc
Itoc, an AWS Advanced Consulting partner headquartered in Brisbane, has been purchased by global technology consultancy Thoughtworks.
Itoc, which was founded in 2012, describes itself as one of the first Amazon Web Services (AWS) partners in the Asia Pacific region to be truly born in the cloud. It currently holds more than 100 certifications, and was one of only two companies in APAC to achieve SaaS Competency status at its initial launch.
Thoughtworks announced that the purchase of Itoc would boost its enterprise modernization, platforms and cloud service line in Australia and expand its capacity to modernize and position digital at the center of operations for clients on their journeys to the cloud.
#6. Publicis Sapient adds Salesforce consultancy Tquila to Australian outfit
Publicis Sapient, one of the world’s largest digital transformation organizations, has purchased the Salesforce consulting firm Tquila.
Tquila, which was founded in 2014, specializes in delivering solutions on the Vlocity, Salesforce Industries, and MuleSoft platforms. Moreover, Tquila employs approximately sixty experts in offices in Sydney (the company’s headquarters), Brisbane, Melbourne, and Canberra.
The robust Salesforce, MuleSoft, and Vlocity capabilities of Tquila will help Publicis Sapient to expedite its effect. Government, healthcare, financial services, technology, media, and telecommunications are among the industries in which they have professional Salesforce understanding and capabilities.
The acquisition of Tquila by Publicis Sapient Tquila will bring expert Salesforce skills and deep industry knowledge in areas like government, healthcare, financial services, technology, media, and telecommunications.
#7. Grant Thornton welcomes Saleh, Barsoum, and Abdel Aziz in Egypt
Saleh, Barsoum & Abdel Aziz switched networks from Big Four firm Deloitte to mid-tier player Grant Thornton, causing a significant shift in Egypt’s professional services landscape.
Saleh, Barsoum & Abdel Aziz, which was formed way back in 1953, has become one of Egypt’s largest and most prominent accounting and consulting firms, offering a comprehensive range of accounting, audit, financial advisory, management consulting, and tax services.
The decision to switch from Deloitte to Grant Thornton allows both companies to pursue their own ambitions in Egypt.
#8. Other consulting M&A deals
- PrimeGlobal adds a firm in China and opens its first office in Sri Lanka.
That’s all we have for you in this week’s consulting M&A news. We will be back again next week for another round-up. Meanwhile, if we missed out on mentioning any deals, then please write to us and let us know. Until next time, its bye for now!