Consulting M&A Weekly Round-up (5th to 11th June, 2022)

by Laurent Thomas | Jun 14, 2022 | 0 comments

We are back again with another round-up of mergers and acquisitions in consulting. It’s been quite a busy week in the consulting M&A world this week. So, here’s a quick round-up of all the deals that went down this past week.

#1. Dar Al Arkan acquires stake in Compass Project Consulting

Compass Project Consulting and Dar Al Arkan have taken their relationship to the next level six months after signing a formal agreement. Dar Al Arkan has now officially acquired a stake in Compass Project Consulting, a project management consultancy.

Compass Project Consulting is a project management firm with 90 employees spread across four offices in the United Arab Emirates and Saudi Arabia. It specializes in the leisure, hotel, and entertainment industries, and has completed over 500 projects since its inception eight years ago.

The stake will now enable both parties to better position themselves for the predicted rapid expansion in the project management industry, particularly in the residential and tourism areas. It will also bolster the overall services, sectors, and coverage as well.

#2. WSP buys John Wood Group’s environmental consulting business

WSP, a Montreal-based design, and engineering consulting firm, has reached a formal deal to buy John Wood Group’s environment and infrastructure (E&I) business which is based in Aberdeen, United Kingdom. As per many reports, WSP will be paying a total cash consideration of $2.31 billion to acquire the business.

The environmental consulting division of the John Wood Group has roughly 6,000 employees spread across 100 offices in ten countries. It specializes in engineering, remediation consultancy, environmental permitting, inspection and monitoring, and environmental management services, as well as long-term partnerships with federal, state, and local governments.

The deal will substantially boost the size of WSP’s earth and environment business, bringing it to nearly 20,000 employees and almost one-third of the company’s annual revenue. The move will also increase WSP’s ability to bid on large environmental and infrastructure projects for federal clients. Moreover, the acquisition will also strengthen WSP’s position in the United Kingdom and Canada.

#3. Accrete Health Partners acquires Nordic Consulting Partners

Accrete Health Partners, a strategic holding company created by Bon Secours Mercy Health last month, has acquired Nordic Consulting Partners, a health and technology consulting firm based in Madison, Wisconsin.

Nordic Consulting Partners has over 1,900 workers in North America, Europe, and the Middle East and provides strategic advising, project management, EHR and ERP implementation, digital and cloud projects, and corporate technology transformation services.

The partnership between Accrete and Nordic will help solve the core objectives of working with industry leaders to pioneer solutions that improve health care quality and cost-effectiveness. Moreover, this deal has positioned the firm to have an even greater impact for its clients.

#4. Dalberg boosts innovation capabilities with the acquisition of Ravel

Global consulting firm Dalberg has acquired Ravel Innovation, a Singaporean startup incubator, and corporate innovation specialist.

Since its inception in 2012, Ravel Innovation has become one of Southeast Asia’s largest networks for innovation management services. Today, Ravel Innovation has more than 28,000 affiliated innovators who assist in the design, development, and management of innovation communities and corporate innovation programs.

Following this acquisition, Dalberg will be able to help clients across the innovation spectrum, including building and running in-house incubators/accelerators and running innovation processes for specific problem statements. It will also assist in supporting young social enterprises to effectively scale as well as in building innovation platforms and, more broadly, help investments in innovation to be more socially impactful.

#5. Attain Partners buys quality management specialist Juran

Attain Partners, a McLean, Virginia-based management and technology consulting firm, has purchased Juran, a Southington, Connecticut-based quality management consulting and training firm.

Juran was formed in 1979 by Joseph Juran, a professor at New York University’s industrial engineering department. Juran helps public and private sector clients across industries enhance organizational performance, thanks to its founder’s seminal work in quality management, which includes the “Juran trilogy” (quality planning, control, and improvement) and multiple engagements with Japanese businesses in the 1950s.

This deal will help Attain Partners build cultures of excellence through quality management as well as help organizations achieve sustained performance.

Closing Thoughts

Thanks for reading. We hope you enjoyed the interesting read. Don’t forget to inform us if you think we missed mentioning any deals for the week. And yes, we will surely be back again next week to update you on the latest happenings from in and around the M&A world in consulting. See you next week!