Consulting Acquisitions in Canada
Consulting Deal Activity in Canada
This page highlights M&A and investment activity among consulting firms operating in Canada, showing participation from global consultancies, national specialists and financial sponsors. Recent transactions involve strategic add‑ons and minority investments that deepen industry, functional and technology capabilities.
Buyers such as Kearney, Accenture, WSP Global Inc., and investors like Shore Capital Partners are expanding local capability—examples include supply‑chain and systems integration expertise from IMTEK Inc., HRIS and digital HR capabilities added by HR Path and IN‑RGY, and leadership and operational coaching added by dss+ through its acquisition of Proaction International.
Deals frequently integrate specialist teams and proprietary tools (for example, dss+ added 132 senior experts and the UTrakk platform; Accenture’s acquisition brought roughly 300 employees), and target subsectors include HR tech, DEI advisory, forensic accounting, Indigenous and stakeholder engagement, and capital‑project program management.
What Stands Out
- Buyers mix global strategy firms and infrastructure consultancies with domestic specialists and investment partners (examples: Kearney, Accenture, WSP Global Inc., Shore Capital Partners).
- Common capability themes: HR/HRIS and digital transformation, DEI advisory and technology, forensic accounting and investigations, supply‑chain planning and systems integration, Indigenous and stakeholder engagement.
- Geographic clustering: activity concentrated in Ontario, Quebec, British Columbia and Alberta.
- Transactions often bring people and platforms together—notable add‑ons include ~300 employees (Comtech Group to Accenture), 132 senior experts and the UTrakk platform (Proaction International to dss+), and ~50 professionals to WSP Global Inc.
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- Buyer
- ATIS, KJA, Thompson Street Capital Partners (TSCP)
- Target
- Soberman Engineering
- Industry
- Consulting
- Location
- Ontario, Canada
- Type
- Addon
ATIS, through its Canadian subsidiary KJA, acquired Soberman Engineering to expand its presence in Toronto. The deal strengthens KJA’s capabilities in vertical transportation consulting—particularly new construction advisory—while maintaining Soberman’s independent client-focused approach. Financial terms were not disclosed.
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September 10, 2025
- Buyer
- Shore Capital Partners
- Target
- Optis Consulting
- Industry
- Consulting
- Location
- British Columbia, Canada
- Type
- Buyout
Shore Capital Partners has completed a partnership with Optis Consulting, a Vancouver-based source-to-pay (S2P) consulting and implementation firm. Shore will support Optis's growth by joining the board, investing in organic growth, expanding service offerings, and selectively evaluating acquisitions to scale the platform.
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July 17, 2025
- Buyer
- dss+
- Target
- Proaction International
- Industry
- Consulting
- Location
- Quebec, Canada
- Type
- Buyout
dss+ has acquired Montreal-based Proaction International, adding 132 senior experts and the proprietary UTrakk digital management platform to deepen its operational excellence and leadership coaching capabilities. The deal expands dss+’s presence in North America and Europe and integrates Proaction’s field coaching, performance management expertise and technology into dss+’s global consulting network.
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February 27, 2025
- Buyer
- Kearney
- Target
- IMTEK Inc.
- Industry
- Consulting
- Location
- Ontario, Canada
- Type
- Buyout
Global management consulting firm Kearney has acquired IMTEK Inc., a Canada-based supply chain planning consulting and systems-integration specialist that leverages platforms like Kinaxis. The acquisition expands Kearney’s end-to-end planning and digital capabilities, immediately adding expertise and a presence in the Americas and India to support clients’ supply chain transformations.
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October 8, 2024
- Buyer
- HR Path
- Target
- IN-RGY
- Seller
- Desjardins Capital, Siparex
- Industry
- Consulting
- Location
- Quebec, Canada
- Type
- Buyout
HR Path, a global HR consulting firm, has acquired IN-RGY, a Quebec-based HR digital transformation and HRIS consulting firm, to strengthen its presence in Canada and North America. The deal follows HR Path’s €500 million fundraising from Ardian and will see IN-RGY operate as "IN-RGY, an HR Path Company," with its leadership and teams remaining in place.
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September 25, 2024
- Buyer
- J.S. Held
- Target
- ADS Forensics
- Industry
- Consulting
- Location
- Ontario, Canada
- Type
- Buyout
Global consulting firm J.S. Held has acquired Canadian forensic accounting firm ADS Forensics, expanding its Forensic Accounting and financial investigations capabilities into Canada. The acquisition brings ADS Forensics’ Ontario-based team and expertise into J.S. Held’s global insurance and legal advisory platform, extending local services to the firm’s broader client base.
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May 13, 2024
- Buyer
- Diversio
- Target
- CCDI Consulting
- Seller
- Canadian Centre for Diversity and Inclusion (CCDI)
- Industry
- Consulting
- Location
- Ontario, Canada
- Type
- Divestiture
Diversio has acquired CCDI Consulting from its parent organization, the Canadian Centre for Diversity and Inclusion (CCDI), integrating CCDI Consulting's DEI advisory, training, and education services into Diversio’s platform and services. The deal expands Diversio’s capabilities across strategy, training, and education and broadens its reach in North America and Europe to deliver combined data-driven DEI technology and human expertise.
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March 21, 2024
- Buyer
- WSP Global Inc.
- Target
- Communica Public Affairs Inc.
- Industry
- Consulting
- Location
- Alberta, Canada
- Type
- Buyout
WSP Global Inc. has completed the acquisition of Communica Public Affairs Inc., a Canadian Indigenous and stakeholder engagement and information-management consulting firm. The deal brings approximately 50 professionals and expands WSP’s capabilities in Indigenous and stakeholder engagement and information management to support multidisciplinary projects and clients’ ESG journeys across Canada.
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October 26, 2023
- Buyer
- Accenture
- Target
- Comtech Group
- Industry
- Consulting
- Location
- Ontario, Canada
- Type
- Buyout
Accenture has acquired Comtech Group, a Toronto-based consulting and program management firm that supports large infrastructure and capital projects across Canada and the United States. The acquisition (terms undisclosed) expands Accenture’s capital projects and Industry X capabilities in Canada, adding approximately 300 Comtech employees and expertise in construction management, facility and manufacturing engineering, and process control automation.
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- Buyer
- Arthur J. Gallagher & Co.
- Target
- A.H. Horn and Associates Limited (dba Horn)
- Industry
- Consulting
- Location
- Ontario, Canada
- Type
- Buyout
Arthur J. Gallagher & Co. acquired Toronto-based A.H. Horn and Associates Limited (dba Horn), a sales and leadership development consultancy. The Horn team will join Gallagher’s benefits and HR consulting operation in Canada to bolster the firm’s leadership advisory capabilities; financial terms were not disclosed.
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August 10, 2023
- Buyer
- Russell Reynolds Associates
- Target
- Kilberry
- Industry
- Consulting
- Location
- Ontario, Canada
- Type
- Buyout
Global leadership advisory firm Russell Reynolds Associates (RRA) has acquired Kilberry, a Toronto-based leadership advisory and management psychology firm. Kilberry's team of roughly 11 consultants will join RRA's Toronto office, strengthening RRA's executive assessment, CEO succession, coaching, and private equity advisory capabilities and expanding its presence in Canada.
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August 2, 2023
- Buyer
- Sussex Strategy Group
- Target
- Cumberland Strategies
- Industry
- Consulting
- Location
- Ontario, Canada
- Type
- Buyout
Sussex Strategy Group, a Canadian public affairs and strategic communications firm, has acquired Cumberland Strategies and integrated its staff and clients. The deal expands Sussex's national presence and broadens its advisory, government relations, and strategic communications capabilities across sectors including energy, environment, infrastructure and transportation.
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June 13, 2023
- Buyer
- Delta Consulting Group
- Target
- Froese Forensic Partners
- Industry
- Consulting
- Location
- Ontario, Canada
- Type
- Buyout
Delta Consulting Group has acquired Froese Forensic Partners, a Canadian forensic accounting and financial investigations firm with offices in Toronto and Calgary. The acquisition expands Delta's service capabilities in forensic accounting, fraud investigations and business valuation while establishing a stronger presence in the Canadian market.
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February 23, 2022
- Buyer
- UMT360, TELEO Capital Management, LLC
- Target
- Western Principles Consulting, Inc.
- Industry
- Consulting
- Location
- British Columbia, Canada
- Type
- Addon
TELEO Capital portfolio company UMT360 has acquired Western Principles Consulting, a Vancouver-based project portfolio management (PPM) consulting firm. The business will be merged into UMT360 to strengthen its Strategic Portfolio Management services and to enable direct service of the Canadian market.
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December 31, 2021
- Buyer
- XMachina-AI Inc.
- Target
- Bain Public Inc.
- Industry
- Consulting
- Location
- Quebec, Canada
- Type
- Buyout
XMachina-AI Inc. acquired 100% of Bain Public Inc.'s outstanding shares on December 31, 2021 in a deal consisting of cash and share consideration that vests over time. The acquisition brings Bain Public’s niche product-management and consulting expertise (and Montreal AI-accelerator presence) into XMachina to expand the buyer’s in‑house product capabilities and deal flow as it pursues growth and an upcoming public listing.
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December 6, 2021
- Buyer
- Morrow Sodali
- Target
- Gryphon Advisors, Inc.
- Industry
- Consulting
- Location
- Ontario, Canada
- Type
- Buyout
Morrow Sodali acquired Toronto-based Gryphon Advisors, a Canadian proxy solicitation and corporate governance advisory firm, and announced a strategic partnership with Global Governance Advisors to bolster executive compensation and governance services. Gryphon’s team joined Morrow Sodali and will operate under the Morrow Sodali brand beginning January 1, 2022, strengthening the firm’s Canadian footprint and governance/ESG advisory capabilities.
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October 6, 2021
- Buyer
- Ryan
- Target
- Mentor Works
- Industry
- Consulting
- Location
- Ontario, Canada
- Type
- Buyout
Ryan, a global tax services and software provider, has acquired Mentor Works, a Guelph, Ontario-based government funding and grants advisory firm. As part of the acquisition 27 Mentor Works team members will join Ryan and founder Bernadeen McLeod will assume a leadership role within Ryan's government grants practice, strengthening Ryan's capabilities in Canada.
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September 17, 2021
- Buyer
- Sia Partners
- Target
- Ethier
- Industry
- Consulting
- Location
- Alberta, Canada
- Type
- Buyout
Sia Partners has acquired Ethier, a Calgary-based management consulting firm founded in 1982 focusing on regulatory compliance, risk management, operations excellence and digital transformation. The deal brings Ethier's C$10m revenue and 50+ consultants into Sia Partners, strengthening Sia's presence in Western Canada (Calgary and new Vancouver office) and expanding its Canadian capabilities.
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June 9, 2021
- Buyer
- AML Analytics
- Target
- McDonell-Nadeau Consultants
- Industry
- Consulting
- Location
- Ontario, Canada
- Type
- Buyout
AML Analytics has acquired McDonell-Nadeau Consultants (MNC), a global provider of AML/CFT strategic and technical advisory services led by Rick McDonell and Josée Nadeau. The combined organization will develop an integrated SupTech/RegTech framework to enhance regulator reporting, compliance monitoring and cross-jurisdictional AML/CFT cooperation.
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February 19, 2020
- Buyer
- HR Path
- Target
- InTalent
- Industry
- Consulting
- Location
- Quebec, Canada
- Type
- Buyout
HR Path has signed a definitive agreement to acquire 100% of InTalent, a Montreal-based HR consulting and HCM implementation firm. The acquisition strengthens HR Path's North American footprint—reinforcing its Montreal office and adding expertise in HR strategy and implementations with vendor partnerships such as Oracle and Cornerstone.
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Frequently Asked Questions
Who are the active buyers in Canada’s consulting market?
Active buyers include global consulting firms (for example, Kearney, Accenture), multidisciplinary engineering and advisory firms (WSP Global Inc.), national specialist consultancies and investors such as Shore Capital Partners.
What capabilities are buyers seeking through acquisitions?
Buyers are acquiring HR technology and HRIS expertise, DEI advisory and platforms, forensic accounting and investigations skills, supply‑chain planning and systems integration, plus Indigenous and stakeholder engagement capabilities.
Which Canadian regions see the most consulting transactions?
Most recent activity is concentrated in Ontario, Quebec, British Columbia and Alberta, with deals in Toronto, Montreal, Vancouver and provincial markets across Canada.
How do these deals typically affect the acquired teams and services?
Transactions generally integrate specialist teams and their capabilities into the buyer’s platform while retaining local leadership—examples include team and platform integrations (e.g., dss+ with Proaction International) and expanded service offerings under the buyer’s brand.