Welcome back to another week of updates in the world of consulting mergers and acquisitions! This week has been a bit quiet in the consulting M&A arena, but we’ll still provide you with all the coverage.
This week’s consulting M&A news is spearheaded by Morrow Sodali and Centric Consulting, both of which have made interesting purchases. So let’s jump right in!
#1. Morrow Sodali acquires ESG strategy consultancy HXE Partners
Morrow Sodali, a stakeholder engagement and ESG consulting firm headquartered in New York, has completed the acquisition of HXE Partners, an ESG strategy consulting firm based in New York City.
Established in 2018, HXE Partners was formed with the mission of bridging the gap between investor expectations and corporate delivery of sustainability and ESG data. The company specializes in delivering investor-centric ESG guidance encompassing strategy formulation, execution and oversight, along with comprehensive reporting and recognition services.
With a workforce of around 36 professionals, HXE Partners serves an array of industries including real estate, financial services, energy, technology, and manufacturing.
The entire HXE Partners team will integrate into Morrow Sodali’s ESG advisory division, which recently expanded in March with the inclusion of FrameworkESG, a consultancy headquartered in Stamford, CT. FrameworkESG excels in data-powered analysis aimed at mitigating ESG-associated risks.
Harry Etra, the visionary behind HXE and its CEO, will assume the role of Managing Director within Morrow Sodali as part of the transition.
#2. Centric Consulting purchases The Mako Group
Centric Consulting, headquartered in Dayton, Ohio, specializing in management and technology consulting, has successfully acquired The Mako Group, a cyber risk management firm located in Carmel, Indiana.
Established in 2010, The Mako Group has been at the forefront of providing a range of cybersecurity services, encompassing strategy formulation, governance risk and compliance, audit and assurance, penetration testing, virtual chief informational security officer (vCISO) support, as well as identity access management.
The Mako Group caters to medium to large-scale enterprises spanning industries such as manufacturing, healthcare, education, financial services, and legal.
Centric’s strategic acquisition of The Mako Group stands to fortify its capacity to offer holistic technological solutions, effectively tackling crucial security concerns and bolstering risk mitigation efforts.
Closing Thoughts
That’s all for this week in the world of consulting mergers and acquisitions. We’ve thoroughly reported on the various developments that unfolded in this landscape over the past week.
In case we missed out on any significant M&A transactions then please get in touch with us and let us know. Additionally, stay tuned for further updates on consulting M&A activities in the upcoming week. Until then, farewell!