Consulting Acquisitions in Minnesota
Minnesota Consulting Deal Themes
Minnesota consulting acquisitions from 2020 through 2025 show buyers expanding specialist capabilities—ranging from enterprise software and energy trading consulting to Anaplan delivery, valuation and litigation support, and supply chain analytics. Across these transactions, the common thread is clear service-area strengthening within consulting and related advisory offerings.
Several deals cluster around practical, client-facing delivery: integrating analytics or technology platforms into consulting workflows, growing industry specialization (such as life sciences and CPG), and deepening domain expertise like retirement actuarial services or energy trading and risk management. Other activity reflects capability add-ons in areas such as diversity and cross-cultural communication training, and corporate project delivery and workforce transformation.
Recurring buyer names in this Minnesota-focused page include HOC, Argano, Marshall & Stevens, Incorporated, NTT DATA Services, ThreeBridge Solutions, BCT Partners, USI Insurance Services, and HOC. Recent transactions highlight how acquisitions can consolidate consulting know-how while extending reach in the Minneapolis–St. Paul market and beyond.
What Stands Out
- Recent Minnesota deals include capability expansions in energy trading and risk management (HOC acquiring MidDel Consulting in 2025) and Anaplan implementation (Argano acquiring Twelve Consulting Group in 2025).
- Buyers with established consulting platforms often add specialized delivery talent—such as NTT DATA Services acquiring Chainalytics to strengthen supply chain consulting and analytics.
- The page also reflects niche advisory growth: Marshall & Stevens, Incorporated acquiring Value Consulting Group expands valuation, equipment appraisal, and ESOP-related support.
- DEI- and workforce-focused consulting capabilities appear alongside technology and analytics themes, including BCT Partners acquiring Critical Measures.
| Recurring buyer | Specialty highlighted in acquisitions |
|---|---|
| Argano | Anaplan delivery and performance/data integration consulting |
| HOC | Enterprise software and consulting for energy trading and risk management |
| NTT DATA Services | Supply chain consulting and analytics |
| USI Insurance Services | Retirement consulting and actuarial services |
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September 9, 2025
- Buyer
- HOC
- Target
- MidDel Consulting
- Industry
- Consulting
- Location
- Minnesota, United States
- Type
- Buyout
HOC, a provider of enterprise software and consulting for energy trading and risk management, has acquired MidDel Consulting, a Minneapolis/Edina-based firm specializing in energy trading technology and consulting. The deal expands HOC's capabilities in energy trading, AI-driven automation and consulting delivery to better serve oil, gas, power and renewables clients across North America.
-
June 26, 2025
- Buyer
- Argano
- Target
- Twelve Consulting Group
- Industry
- Consulting
- Location
- Minnesota, United States
- Type
- Buyout
Argano has acquired Twelve Consulting Group, a Minneapolis-based Anaplan Gold Partner, strengthening Argano’s Anaplan delivery capabilities and industry specialization in Life Sciences and CPG. The deal consolidates Anaplan expertise with Argano’s existing capabilities (including the earlier Anavate acquisition), creating cross-sell opportunities across performance consulting and data integration services.
-
April 18, 2024
- Buyer
- Marshall & Stevens, Incorporated
- Target
- Value Consulting Group
- Industry
- Consulting
- Location
- Minnesota, United States
- Type
- Buyout
Marshall & Stevens, a Los Angeles-based valuation and dispute consulting firm, has acquired Value Consulting Group (VCG), a Minnesota-based valuation consulting and litigation support practice led by Patrick Schmidt. The acquisition expands Marshall & Stevens’ valuation, equipment appraisal, and ESOP-related capabilities and strengthens its presence in the Minneapolis–St. Paul market.
-
August 6, 2021
- Buyer
- ThreeBridge Solutions
- Target
- Keyot
- Industry
- Consulting
- Location
- Minnesota, United States
- Type
- Buyout
ThreeBridge Solutions and boutique consulting firm Keyot have merged under the ThreeBridge brand to combine ThreeBridge’s IT consulting scale with Keyot’s project delivery and workforce transformation capabilities. The deal brings Keyot’s management consulting expertise into ThreeBridge’s national practice (ThreeBridge reported 1,000+ consultants), expanding service offerings across business transformation, project-to-product and compliance remediation.
-
November 18, 2020
- Buyer
- BCT Partners
- Target
- Critical Measures
- Industry
- Consulting
- Location
- Minnesota, United States
- Type
- Buyout
BCT Partners has acquired Critical Measures, a Minneapolis-based corporate training and management consulting firm that specializes in diversity, cross-cultural communication, and health equity. The acquisition expands BCT Partners' capabilities in diversity, equity and inclusion (DEI) and healthcare-focused training, enabling combined offerings that address COVID-19 related inequities and systemic racism.
-
September 28, 2020
- Buyer
- USI Insurance Services
- Target
- Hildi Incorporated
- Industry
- Consulting
- Location
- Minnesota, United States
- Type
- Buyout
USI Insurance Services has acquired Hildi Incorporated, an Eden Prairie, Minnesota-based actuarial consulting firm that specializes in defined benefit pension and post‑retirement plan services. Hildi will be combined with USI Consulting Group to expand USI’s retirement consulting capabilities in the Upper Midwest; terms were not disclosed.
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Frequently Asked Questions
Which consulting acquisitions in Minnesota are covered most recently?
Recent Minnesota transactions shown include HOC acquiring MidDel Consulting (2025-09-09) and Argano acquiring Twelve Consulting Group (2025-06-26).
What types of consulting capabilities do these Minnesota deals tend to add?
The page highlights expansions such as energy trading technology/consulting, Anaplan delivery, valuation and litigation support, supply chain analytics consulting, and retirement actuarial services, along with DEI and workforce transformation expertise.
Are Minnesota-based targets part of these acquisitions?
Yes. Several targets are described as Minnesota-based, including practices led out of Minneapolis/Edina (for MidDel Consulting), Minneapolis (for Twelve Consulting Group and Chainalytics), and the Minneapolis–St. Paul market (for Value Consulting Group).
Do all deals disclose financial terms?
No. For example, the USI Insurance Services acquisition of Hildi Incorporated notes that terms were not disclosed.