Professional Services Buyout Acquisitions in 2023

  • Buyer
    The Clearway Group Limited
    Target
    Secure Empty Property Limited
    Location
    Lancashire, United Kingdom
    Type
    Buyout

    The Clearway Group Limited has acquired Secure Empty Property Limited, a UK specialist in vacant property security, CCTV and alarm monitoring. The deal expands Clearway's UK footprint and capabilities in vacant/property security and integrates SEP's team and technology into Clearway's service offering.

  • Buyer
    Aon plc
    Target
    NFP
    Seller
    Madison Dearborn Partners (MDP), HPS Investment Partners
    Type
    Buyout

    Aon plc signed a definitive agreement to acquire NFP, a middle-market property & casualty broker and benefits/wealth/retirement plan advisory firm, for an estimated $13.4 billion at closing. The deal is expected to be funded with $7 billion in cash and $6.4 billion in Aon stock and will expand Aon’s presence in the large and fast-growing middle-market segment.

  • Buyer
    Trinity Consultants
    Target
    Valcoustics Canada Ltd.
    Location
    Ontario, Canada
    Type
    Buyout

    Trinity Consultants, a global environmental and built-environment consulting firm, has acquired Valcoustics Canada Ltd., a Toronto-based acoustical engineering consultancy. The acquisition expands Trinity’s acoustical capabilities and strengthens its presence in the Ontario and broader North American built-environment market.

  • Buyer
    TruArc Partners
    Target
    Watchtower Security, LLC
    Type
    Buyout

    TruArc Partners, a New York-based private equity firm, has invested in Watchtower Security, a St. Louis‑area provider of managed video surveillance and asset protection solutions for the multi‑family housing industry. Terms were not disclosed; TruArc cited Watchtower's recurring, proprietary platform and service model as strategic fits for its portfolio.

  • Buyer
    Quantum Workplace
    Target
    TalentKeepers
    Type
    Buyout

    Quantum Workplace, an employee success platform headquartered in Omaha, Nebraska, has acquired TalentKeepers, a Winter Park, Florida-based provider of employee engagement, onboarding and leadership training solutions. The acquisition adds TalentKeepers' engagement and retention tools and expertise to Quantum Workplace's platform to help HR teams convert employee data into action and improve retention and culture.

  • Buyer
    PennSpring Capital
    Target
    Zirtual
    Seller
    Startups.com
    Type
    Buyout

    PennSpring Capital, a Lancaster, Pennsylvania-based lower middle market investment firm, has acquired Zirtual, a Columbus/Powell, Ohio-based provider of U.S.-based virtual assistant services, from accelerator Startups.com. The acquisition expands PennSpring's BPO capabilities and complements its existing holding Mobiniti, positioning the firm for additional add-on activity in the business process outsourcing space.

  • Buyer
    IK Partners (IK X Fund)
    Target
    Kooi European Mobile Security Solutions B.V. (Kooi)
    Seller
    Bencis Capital Partners, Pieter Kooi and Kooi management team
    Location
    Friesland, Netherlands
    Type
    Buyout

    IK Partners' IK X Fund has signed an agreement to acquire a majority stake in Kooi European Mobile Security Solutions B.V., a pan-European provider of temporary camera surveillance (TVS) and rising early-detection (RED) solutions. The seller is Bencis Capital Partners together with founder Pieter Kooi and the management team, who will reinvest; Kooi — headquartered in Drachten, the Netherlands — has more than 200 employees and serves customers across 23 countries.

  • Buyer
    Sansei Technologies
    Target
    FORREC
    Location
    Ontario, Canada
    Type
    Buyout

    Japan-based Sansei Technologies has taken a majority share in Toronto-headquartered experience design firm FORREC to deepen capabilities in attractions, rides and immersive experiences. The strategic partnership will allow FORREC to expand its client base, access new markets and integrate Sansei's ride and attraction expertise while FORREC continues to operate as a separate company under its existing management.

  • Buyer
    Furniture Marketing Group
    Target
    Contract Associates
    Type
    Buyout

    Furniture Marketing Group (FMG), a Plano, Texas-based commercial furniture dealer, has acquired Contract Associates, a contract furniture dealer with locations in Albuquerque, New Mexico and El Paso, Texas. The acquisition expands FMG's presence in the Southwestern United States and brings Contract Associates' design, planning and installation capabilities into FMG's service offering.

  • Buyer
    Russell Reynolds Associates
    Target
    Savage Partners
    Type
    Buyout

    Global leadership advisory firm Russell Reynolds Associates has acquired Savage Partners, a boutique executive search firm serving growth-equity and private-equity backed software companies. The Savage Partners team will join RRA's Boston and Miami offices to deepen RRA's capabilities in leadership advisory for growth-oriented technology companies.

  • Buyer
    Pye-Barker Fire & Safety
    Target
    Adroit Systems Company
    Seller
    Edwin Hubbard and Angie Hubbard (owners)
    Type
    Buyout

    Pye-Barker Fire & Safety has acquired Adroit Systems Company, a Greenville, South Carolina-based provider of commercial fire alarm, intrusion detection, access control and video surveillance with 24/7 monitoring. The acquisition expands Pye-Barker's life safety and security capabilities and presence in South Carolina as part of its ongoing national growth strategy.

  • Buyer
    G&A Partners
    Target
    Integrity Outsource
    Type
    Buyout

    G&A Partners, a Houston-based professional employer organization (PEO), has acquired Integrity Outsource, a Phoenix-based HR outsourcing provider. The deal expands G&A's presence in Arizona and deepens its local talent and client service capabilities as part of the firm's continued roll-up strategy in the PEO market.

  • Buyer
    Seneca Partners, Source Capital (SCCO IV), White Wolf Private Credit Management, LLC
    Target
    Wyoming Corporate Services
    Seller
    Gerald Pitts
    Type
    Buyout

    Seneca Partners acquired Wyoming Corporate Services, a Cheyenne-based corporate formation and registered agent services company. Source Capital (via SCCO IV) and White Wolf Private Credit provided debt financing and an equity co-investment to close the transaction and fund growth and compliance-related initiatives; the seller was owner Gerald Pitts.

  • Buyer
    Morae Global Corporation
    Target
    Exigent Group Limited
    Location
    United Kingdom
    Type
    Buyout

    Morae Global Corporation acquired UK-based technology and managed legal services provider Exigent Group Limited, creating one of the largest global providers of legal technology and managed services. The deal doubles Morae's service delivery capacity, adds Exigent's Bangalore and Cape Town delivery centers, and expands Morae's capabilities across contracts, discovery, information management, and managed services.

  • Buyer
    CPL
    Target
    Makovich & Pusti Architects
    Type
    Buyout

    CPL has acquired Cleveland-based Makovich & Pusti Architects (MPA), adding the firm’s healthcare, higher-education and public-sector expertise and opening CPL’s first office in Ohio. The transaction expands CPL’s geographic footprint into the Midwest and strengthens its sector capabilities across healthcare and institutional markets.

  • Buyer
    Accenture
    Target
    ON Service GROUP
    Location
    North Rhine-Westphalia, Germany
    Type
    Buyout

    Accenture has acquired ON Service GROUP, a Germany-based provider of insurance business process services with offices in Siegburg, Hamburg and Munich and more than 200 professionals. The deal (terms undisclosed) expands Accenture Operations' insurance capabilities in Germany across sales and broker support, policy administration, customer support and process transformation.

  • Buyer
    Thomas Scientific
    Target
    Arrowhead Forensics
    Seller
    Arrowhead Forensics, Pat Snedden, Brad Brown
    Type
    Buyout

    Thomas Scientific completed the acquisition of Lenexa, Kansas-based Arrowhead Forensics on October 5, 2023. The deal expands Thomas Scientific’s product portfolio and Midwest distribution/kitting capabilities, and brings Arrowhead’s forensics expertise and customer relationships (particularly with law enforcement and government agencies) into Thomas’s offering.

  • Buyer
    Consello Capital
    Target
    ProSearch Strategies
    Type
    Buyout

    Consello Capital, the private equity arm of The Consello Group, has acquired a majority stake in ProSearch Strategies, a tech-enabled legal services and eDiscovery provider. The investment will support ProSearch's growth, expansion of its technology and AI capabilities, and deepen its services to enterprise legal departments; financial terms were not disclosed.

  • Buyer
    Begbies Traynor Group
    Target
    Jones Giles & Clay
    Location
    Wales, United Kingdom
    Type
    Buyout

    Begbies Traynor Group has acquired Cardiff-based Jones Giles & Clay, welcoming four team members including directors Susan Clay and Vaughan Jones into its South Wales practice. The move expands Begbies Traynor's capacity in the region to handle larger and more complex insolvency and business recovery cases as it pursues further regional growth.

  • Buyer
    Growth Catalyst Partners
    Target
    The Data Lodge, CDO Magazine
    Location
    United States
    Type
    Buyout

    Growth Catalyst Partners (GCP) launched a new data leadership platform by acquiring The Data Lodge and CDO Magazine to serve chief data officers and senior data, analytics, and AI leaders. The combined business will offer data literacy training, a peer leadership community, events and research to scale workforce development and thought leadership for CDOs globally.

  • Buyer
    Agilea Solutions
    Target
    Workerbee
    Type
    Buyout

    Agilea Solutions has acquired Workerbee, an on-demand talent marketplace that connects businesses with vetted corporate software experts for platforms like UKG, Workday, SAP, and Salesforce. Workerbee will operate independently under Agilea leadership (Heiko Roth as CEO) and its Workerbee Enterprise product will add centralized account management and PO-based billing to Agilea's HCM systems-integration offerings.

  • October 3, 2023
    Buyer
    Movate
    Target
    TSD Global
    Type
    Buyout

    Movate, a digital technology and customer experience services provider, has acquired TSD Global, an international provider of outsourced sales and customer experience (CX) services. The deal expands Movate's geographic footprint (notably in the Philippines and South Africa) and strengthens its outbound sales and CX capabilities through TSD Global's client base and delivery centers.

  • Buyer
    Imparta, The Capability Group
    Target
    VantagePoint Performance
    Type
    Buyout

    Imparta, owned by The Capability Group, has acquired the business of US-based sales training firm VantagePoint Performance. Imparta will integrate VantagePoint's research-based sales agility content into its modular sales curriculum and Training as a Service (TaaS) offering to expand capabilities and strengthen its presence in the US.

  • Buyer
    MarketSource, Inc.
    Target
    Salelytics, LLC
    Type
    Buyout

    MarketSource, Inc., a managed sales solutions provider owned by Allegis Group, has acquired Salelytics, LLC, a contact-center and outsourced customer experience provider headquartered in Appleton, Wisconsin. The deal combines Salelytics' AI-supported contact center technologies and inside-sales capabilities with MarketSource's field and inside sales operations to deliver an end-to-end customer experience and expanded capabilities across multiple verticals.

  • Buyer
    Gordon Brothers
    Target
    Durkin Group
    Type
    Buyout

    Gordon Brothers has acquired Durkin Group, a professional services firm that provides field examinations and diligence services to lenders, investors and operators across North America. The acquisition expands Gordon Brothers' valuation, disposition and capital services by adding Durkin's field examination and credit-risk diligence capabilities and 60 field examiners nationwide.

  • Buyer
    Quince Imaging
    Target
    Red Envelope Consulting
    Location
    United States
    Type
    Buyout

    Quince Imaging has acquired Red Envelope Consulting and launched a new Critical Infrastructure and Transportation Division led by industry veteran Ron Birkla. The acquisition expands Quince's AV design and systems-integration capabilities for transportation markets (airports, mass transit, terminals) and brings several new hires into the Sterling, Virginia facility.

  • Buyer
    Ci Design
    Target
    Compounding Workflow
    Type
    Buyout

    Ci Design has acquired Compounding Workflow, a laboratory design and compounding pharmacy consulting practice owned by Bryan Prince, and opened a new office in Greenville, South Carolina. Prince joins Ci as an Associate and Senior Lab Planner to expand Ci's compounding pharmacy and USP-compliant lab design expertise across the firm's Science & Technology practice.

  • Buyer
    IMS Consulting & Expert Services
    Target
    Analytic Focus, MMG Jury Consulting
    Location
    United States
    Type
    Buyout

    IMS Consulting & Expert Services, a Pensacola-based trial and expert services firm, acquired Analytic Focus (San Antonio, TX) and MMG Jury Consulting (Philadelphia, PA). The acquisitions expand IMS's analytics, predictive modeling, jury consulting, CLE and trial-preparation capabilities while extending its coast-to-coast U.S. footprint.

  • Buyer
    Arcapita Group Holdings Limited
    Target
    The DataFlow Group (DataFlow Verification Services Limited)
    Seller
    EQT Private Equity
    Location
    Dubai, United Arab Emirates
    Type
    Buyout

    Arcapita Group Holdings Limited has acquired The DataFlow Group (DataFlow Verification Services Limited) from EQT Private Equity. DataFlow is a leading provider of regulation-mandated pre-employment primary source verification services in the GCC with more than 850 employees across nine countries; Arcapita said the acquisition supports its strategy to build technology-enabled, asset-light business services and drive growth across the GCC and beyond.

  • Buyer
    Michael Baker International, DC Capital Partners
    Target
    Tidal Basin Group (Tidal Basin)
    Type
    Buyout

    Michael Baker International has acquired Tidal Basin, a leading emergency and disaster management consulting firm. The acquisition will allow Michael Baker to expand its preparedness, mitigation, response, recovery and program management capabilities and strengthen its service offering to federal, state and local clients on resiliency and post-disaster recovery projects.

  • Buyer
    SoundThinking, Inc.
    Target
    SafePointe, LLC
    Type
    Buyout

    SoundThinking, Inc. (Nasdaq: SSTI) acquired SafePointe, LLC, an AI-based intelligent weapons detection provider, on August 18, 2023. The deal expands SoundThinking's SafetySmart platform by adding weapons detection capabilities and provides cross-selling opportunities into commercial and enterprise verticals such as hospitality, education and healthcare.

  • Buyer
    Garden Streets
    Target
    Revive
    Type
    Buyout

    Garden Streets, a Boston-based employee engagement and wellness company, has acquired Revive, a marketplace of team-building activities. The acquisition (closed end of June 2023) will expand Garden Streets’ catalog of experiences and strengthen its learning & development and destination management offerings for corporate and distributed teams.

  • Buyer
    The Walker Agency
    Target
    Monarch Title
    Seller
    Monarch Title, Chuck Bowmen (owner)
    Type
    Buyout

    The Walker Agency has acquired Monarch Title, a multi-location title insurance and settlement services firm based in Columbia, Missouri. The acquisition expands The Walker Agency’s service offering by adding title and closing services to its existing employee benefits, Medicare, long-term care, life insurance and financial services capabilities.

  • Buyer
    Consilio
    Target
    Lawyers On Demand (LOD), SYKE
    Seller
    Bowmark Capital
    Location
    District of Columbia, United States
    Type
    Buyout

    Consilio agreed to acquire Lawyers On Demand (LOD) and SYKE to expand its Enterprise Legal Services (ELS) business globally and strengthen its UK presence. The deal combines LOD’s flexible legal talent platform with SYKE’s legal technology consultancy capabilities to deliver scalable legal advisory and technology-enabled services for clients.

  • Buyer
    Henry Schein, Inc.
    Target
    Large Practice Sales LLC
    Type
    Buyout

    Henry Schein acquired a majority ownership interest in Large Practice Sales LLC (LPS), a Dallas/Irving-based advisor that helps independent dental practices with sales and strategic partnerships. LPS reported approximately $40 million in 2022 revenue; co-founders Chip Fichtner and Matt Wilkins will remain with minority ownership and continue in leadership roles. Financial terms were not disclosed and Jefferies served as financial advisor to LPS.

  • Buyer
    Truelink Capital
    Target
    Richardson Sales Performance
    Type
    Buyout

    Truelink Capital, a Los Angeles-based middle-market private equity firm, has acquired Philadelphia-based Richardson Sales Performance, a global sales training and performance-improvement firm founded in 1979. Truelink said it will support Richardson's growth through strategic investments, organic expansion and further M&A while Richardson's existing management team remains in place.

  • Buyer
    Cornerstone Advisors
    Target
    BankSmart
    Location
    United States
    Type
    Buyout

    Cornerstone Advisors, a management and technology consultancy for banks, credit unions and fintechs, has acquired BankSmart, a boutique consulting firm specializing in bank operations, vendor selection, project management and payments. Cornerstone said it will integrate BankSmart’s team and its "SmartKits" operational tools into Cornerstone’s product suite to expand services and deliver new products to community-focused financial institutions nationwide.

  • Buyer
    HireRight Holdings Corporation
    Target
    Digital Trusted Identity Services, LLC (DTIS)
    Seller
    American Association of Airport Executives (AAAE)
    Type
    Buyout

    HireRight Holdings Corporation acquired a majority stake in Digital Trusted Identity Services, LLC (DTIS), an FBI-approved channeler that collects and processes biometric and biographical data and operates the Transportation Security Clearinghouse for airports. The deal gives HireRight native fingerprinting and biometric capabilities to bolster its background screening offerings across regulated industries such as aviation, healthcare, and financial services, while the American Association of Airport Executives (AAAE) retains a minority stake.

  • Buyer
    DecisionQuest
    Target
    Trial Partners, Inc.
    Type
    Buyout

    DecisionQuest, a U.S. Legal Support Company based in Houston, announced the acquisition of Trial Partners, Inc., a Los Angeles–area trial and jury consulting firm led by Dr. J. Lee Meihls. The deal expands DecisionQuest's trial consulting capabilities and national reach by adding Trial Partners’ experienced consulting team and services (jury research, mock trials, witness preparation, trial graphics, and trial technology).

  • Buyer
    Docufree
    Target
    TrustFlow Digital Solutions
    Type
    Buyout

    Docufree, a provider of enterprise information management and cloud-based document services, has acquired TrustFlow Digital Solutions to expand its digital mailroom and business process outsourcing capabilities. TrustFlow, headquartered in Moosic, Pennsylvania with ~200 employees and locations in New Jersey, Iowa and Ohio, serves large customers in insurance, healthcare and financial services.

  • Buyer
    Pye-Barker Fire & Safety
    Target
    Acadiana Security Plus
    Type
    Buyout

    Pye-Barker Fire & Safety has acquired Acadiana Security Plus, a Lafayette-based provider of security, access control, video verification and fire alarm systems. The acquisition expands Pye-Barker’s footprint into Louisiana (its 37th state) and adds a local team of NICET-certified technicians and roughly 85 employees serving commercial and government customers.

  • Buyer
    Responda Group
    Target
    H1 Communication
    Location
    Sweden
    Type
    Buyout

    Responda Group, a Swedish customer service and contact center provider, has acquired H1 Communication, a Nordic contact center and BPO specialist. The acquisition is intended to strengthen Responda's position in the Nordics, expand scale and capabilities (the deal will double the Group's size to over 500 employees) and enhance the combined company's customer service offering.

  • Buyer
    Becklar
    Target
    Eyeforce
    Type
    Buyout

    Becklar has acquired Eyeforce, a remote video monitoring and AI-enabled remote guarding provider, and will operate Eyeforce as an independent brand with its current CEO Daniel Forrest remaining as president. The deal expands Becklar's connected-safety portfolio—combining Eyeforce's video surveillance, AI analytics and live operator response capabilities with Becklar's enterprise monitoring and workforce/personal-safety offerings.

  • Buyer
    Little Diversified Architectural Consulting
    Target
    Hughes Group Architects
    Type
    Buyout

    Little Diversified Architectural Consulting has acquired Hughes Group Architects, a Sterling, Virginia-based architecture firm. The deal expands Little’s design capabilities in public safety, higher education, K‑12 and recreation facilities while strengthening its presence in the greater Washington, D.C. market.

  • Buyer
    Blackstone (private equity funds managed by Blackstone)
    Target
    International Gemological Institute (IGI)
    Seller
    Shanghai Yuyuan Tourist Mart (Group) Co., Ltd. (Yuyuan / Fosun), Roland Lorie
    Location
    Antwerp, Belgium
    Type
    Buyout

    Blackstone’s private equity funds have acquired the International Gemological Institute (IGI) from Shanghai Yuyuan Tourist Mart (a Fosun subsidiary) and founder Roland Lorie. IGI is a global leader in diamond, gemstone and jewelry certification with 29 laboratories and 18 gemology schools across multiple countries; Blackstone said it will deploy operational and technology capabilities to accelerate IGI’s global growth.

  • Buyer
    Doyle Security Systems
    Target
    AMS Security Plus
    Type
    Buyout

    Doyle Security Systems, a Rochester, New York–based provider of residential and commercial security and monitoring services, has acquired AMS Security Plus, a privately held Albany, New York security company. AMS’ accounts will be migrated to Doyle’s on-site Emergency Response Center; AMS CEO Don Simpson will remain with the business for at least one year as Doyle expands its Upstate New York presence.

  • Buyer
    FLX Networks
    Target
    Focus Partners
    Type
    Buyout

    FLX Networks has signed a letter of intent to acquire Focus Partners, a nationally recognized practice management and coaching firm for financial advisors. The acquisition will vertically integrate Focus Partners' practice management capabilities into FLX's technology platform to expand capabilities and scale services for wealth management firms and financial advisors.

  • Buyer
    B. Riley Financial, Inc. (B. Riley Advisory Services)
    Target
    ABTV (formerly Anderson Bauman Tourtellot Vos)
    Type
    Buyout

    B. Riley Financial has acquired certain assets of ABTV (formerly Anderson Bauman Tourtellot Vos), a Charlotte-based restructuring and financial advisory firm. Senior restructuring advisors Ed Sanz and P. Michael Kain have joined B. Riley Advisory Services and the former ABTV headquarters will be re-established as a B. Riley office in Charlotte; financial terms were not disclosed.

  • Buyer
    HKA
    Target
    Credibility International
    Location
    District of Columbia, United States
    Type
    Buyout

    HKA has acquired Credibility International, a Washington, D.C.-based forensic accounting firm founded in 2010 by Timothy Hart. The acquisition strengthens HKA’s capabilities in forensic accounting, financial fraud investigations, valuation and expert witness services — bolstering its U.S. and global dispute and litigation support offering.

  • Buyer
    Insidesource
    Target
    Environments
    Seller
    Chris Corrado
    Type
    Buyout

    Insidesource, a leading Allsteel furniture dealership, has acquired Environments, a Portland-based workplace design and furniture dealer. The acquisition expands Insidesource's presence across the Pacific Northwest and adds Environments' Portland showroom as the company's eleventh location in its global portfolio.

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.

Related Acquisition Pages