The consulting world is always buzzing with news of exciting mergers and acquisitions. This industry is known for its continuously changing landscape, and its latest developments do not disappoint.
Recent acquisitions by Accenture and TSA Management are particularly interesting and highlight the ongoing trend of companies purchasing to strengthen their business. As always, we are here to keep you informed and up-to-date on all the latest happenings.
So, if you’re ready to stay on top of the industry’s latest M&A activity, keep reading for all the insider information you need. Get ready to ride the wave of excitement in this dynamic and ever-changing field.
#1. Accenture adds Objectivity and Einr to its European business
Accenture, a multinational consulting and technology firm, has completed two acquisitions, welcoming Objectivity’s employees to its offices in three European nations and Einr to its Norwegian organization.
Objectivity, which was founded in Coventry in 1991 has offices in Germany, Poland, and Mauritius. The firm guides clients through global digital transformation initiatives. Moreover, the company specializes in cloud and platform development services, thereby assisting clients in accelerating their transformation journeys.
On the other hand, Einr, founded in 2015 in Oslo, specializes in supply chain management, transportation management, warehouse management, and assortment planning solutions for retail and consumer electronics clients.
Speaking about the Objectivity deal, the global lead at Accenture stated that Objectivity’s strong engineering culture and delivery experience will help their clients pivot and launch new products quickly and efficiently.
While senior managing director at Accenture spoke about the Einr deal stating that with the acquisition of Einr, Accenture will look to strengthen its SAP supply chain and logistics capabilities, which will help its clients move to more responsive, resilient and sustainable supply chains.
#2. TSA Management acquires project services firm Henry Riley
TSA Management has acquired the project management and quantity surveying firm Henry Riley based in the United Kingdom.
Henry Riley has been in business in the United Kingdom for more than 130 years and has 190 employees across 9 locations. Its clients include Bupa, Amazon, Ikea, and the NHS, and it provides services such as cost consultancy, employer’s agent work, project management services, and health and safety advice. Its property offerings include retail, residential, logistics, healthcare, and airports.
By having Henry Riley on board, TSA hopes to advance its business on a new market with strong ties to both Europe and the United States. The move increases TSA’s employee count from 650 to nearly 850, with a global footprint encompassing the United Kingdom and Asia-Pacific.
#3. Montrose Environmental purchases Calgary-based Matrix Solutions
Montrose Environmental Group, a US-based firm, has acquired Matrix Solutions, an environmental and engineering consulting firm based in Calgary.
Matrix Solutions, which was established in 1984, offers services in contaminated site assessment, remediation, and reclamation, environmental sciences and regulatory planning, and water resources engineering and management.
This transaction will significantly expand Montrose’s presence in Canada, where the company currently maintains facilities in Calgary and Edmonton. Moreover, the transaction is anticipated to close by the end of June.
#4. Accordion acquires data analytics firm Merilytics
Accordion, a New York-based financial and technology consulting firm specializing in the private equity industry, has acquired Merilytics, a data and analytics firm based in Hyderabad, India.
Merilytics, which was founded in 2011, provides data management, advanced analytics, and reporting solutions to help clients make more informed decisions. The company specializes in private equity firms and their portfolio companies in the retail, healthcare, transportation, technology, industrials, and consumer services industries.
Accordion’s acquisition of the Merilytics team will help the firm accelerate project delivery, provide end-to-end support, and remain on the cutting-edge of data and analytics.
#5. Kin + Carta buys Forecast Data Solutions
Kin + Carta has acquired Forecast Data Solutions’ European division. The acquisition of the Edinburgh-based company increases Kin + Carta’s European data practice to more than one hundred specialists.
Forecast Data Services, which has its headquarters in Edinburgh and a delivery hub in Poland, assists clients in harnessing the potential of AI and machine learning to improve business performance. Data infrastructure, advanced analytics, and commercial insights are fundamental capabilities.
As a result of identified demand, resource, and technology synergies, the Forecast teams and brand in Europe will be merged with Kin + Carta. The two companies expect to immediately reap the benefits.
Neil Macdonald, Director of Forecast and Founder, will continue to lead growth in data and AI services, reporting directly to David Tuck, Group CEO of Europe at Kin + Carta.
#6. Pinchin expands into USA with Ransom Consulting acquisition
Pinchin, an environmental and engineering firm located in Mississauga, Ontario, has acquired Ransom Consulting, an environmental and engineering firm based in Portland, Maine.
Since its inception in 1988, Ransom Consulting has completed over 6,000 projects for commercial real estate, government, and industrial clients. The company concentrates on providing environmental due diligence and remediation services with added value.
The acquisition of Ransom Consulting by Pinchin will expand its presence in the northeastern United States. Moreover, the company has 1,000 employees spread across more than 40 offices from coast to coast in Canada.
#7. Dillon Consulting buys Toronto-based Internat Energy Solutions
Dillon Consulting has purchased Internat Energy Solutions Canada, a Toronto-based engineering firm specializing in energy management.
Internat Energy Solutions Canada (IESC), which was founded in 2009, provides engineering and building systems design, energy efficiency, greenhouse gas reduction, and renewable energy production integration services. The company serves consumers in the public and private sectors throughout North America.
This deal will expand Dillon Consulting’s new energy transition business unit and facilities business unit in Ontario. The energy transition team provides services in performance review and planning, energy portfolio roadmap, transition planning and financing, energy modeling and efficiency, implementation, and carbon reporting to assist businesses in operationalizing their sustainability objectives.
To wrap up this week in M&A, it’s been an engaging experience wading through the vast depths of what’s been happening in the world of consulting. Our hope is that our readers had a chance to be informed on some excellent insights and won’t miss out on further developments as they arise.
Above all, we’re pleased to have provided updates along the way. We look forward to our next article where we continue to delve into the fascinating field of consulting M&A news and ‘stay informed – stay ahead!’ Goodbye for now!