Welcome back to another weekly round-up of consulting M&A news. In the week gone by, there have been a few interesting deals and we shall be looking at them, one by one. So, let’s have a look!
#1. Yonder enters Singapore market with Chapter & Verse acquisition
Yonder, a UK-based consultancy, has expanded its presence in Asia Pacific through the acquisition of Chapter & Verse, a Singapore-based branding and design services consultancy.
Chapter & Verse, which was founded in 2007 by founder and CEO Jonathan Bernstein focuses on brand development, design, and brand experience. Jardine Matherson, Barito Pacific Group, Multiverse Labs, Myanma Apex Bank, Siam Commercial Bank, SCG, and Philippine Airlines are among the company’s clients.
The deal will see Chapter & Verse rebrand as Yonder, and Bernstein will be tasked with achieving the company’s growth objectives in Singapore.
#2. CohnReznick purchases South Florida accountancy Dazkal Bolton
CohnReznick has expanded its Florida operations with the acquisition of Boca Raton-based accounting and consulting business Daszkal Bolton (DB).
Daszkal Bolton, which was established in 1992, offers audit, tax, business advisory, and digital advisory services to SMEs and HNWIs. Moreover, the company includes offices in Boca Raton, Ft. Lauderdale, and Jupiter, Florida, with over 250 employees.
The acquisition of Daszkal Bolton by CohnReznick will enable the firm to meet market demands, assist its clients’ investment and expand throughout South Florida with its extensive industry knowledge and specialized services, and continue to attract and retain world-class talent.
#3. Global consultancy dss+ lands new investment for ‘next growth phase’
The global consulting business dss+ has recruited a new investor to fuel its “next phase of growth.”
Established in 1968 as DuPont’s consulting arm, dss+ was spun off as DuPont Sustainable Solutions through a management buyout in 2019. As an independent firm, dss+ expanded to more than 1,000 employees and 35+ offices worldwide.
Inflexion has acquired a majority stake in dss+, with the 60% stake being valued at approximately $500 million. Together with dss+ executive team members, Gyrus, which supported dss+’s 2019 separation from DuPont and growth as an independent organization, retains a major minority stake in the company.
#4. Atturra expands managed services portfolio with Somerville deal
Atturra, an IT services and consulting firm, has acquired Somerville, a managed services provider with a 40-year history, for more than $15 million, marking its second acquisition of the year.
Somerville was founded in the early 1980s and has offices in Sydney, Melbourne, and Brisbane. It provides a variety of managed services to the corporate and education sectors, including cloud, connectivity, security, and software lifecycle management.
The acquisition of Somerville will be significant because it will boost Atturra’s position in the Australian education sector and give it a broad-based managed services capability to support major end-to-end projects.
#5. Other consulting M&A deals
- Delaware merges with SIS Group and Applicate in Malaysia.
- Shawinigan-based Sylvain Béland CPA joins MNP
That’s it for the week! We will be back again next week for another round-up of consulting M&A news. In the meantime, if we missed out on any deals, then please write to us and let us know. See you next week.