M&A Deal Summary

Accenture Acquires Anser Advisory

On June 21, 2023, Accenture acquired business services company Anser Advisory from Sterling Investment Partners

Acquisition Highlights
  • This is Accenture’s 66th transaction in the Business Services sector.
  • This is Accenture’s 108th transaction in the United States.
  • This is Accenture’s 24th transaction in California.

M&A Deal Summary
Date 2023-06-21
Target Anser Advisory
Sector Business Services
Buyer(s) Accenture
Sellers(s) Sterling Investment Partners
Deal Type Add-on Acquisition

Target

Anser Advisory

Cypress, California, United States
Anser Advisory is a national firm specializing in capital program funding, program management, project management, construction management, and executive advisory services. The firm provides program advisory services to clients across the country in industries that include transportation, higher education, K-12 education, industrial, federal, state, and local government, healthcare, hospitality, and housing. Anser Advisory is based in Santa Ana CA, Boston MA, Orlando FL, San Francisco CA, Atlanta GA, and now Clinton, New Jersey.

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Buyer(S) 1

Buyer

Accenture

Dublin, Ireland
Category Company
Founded 1951
Sector Business Services
Employees750,000
Revenue 64.1B USD (2023)
DESCRIPTION

Accenture is a global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining experience and specialized skills across more than 40 industries and all business functions, Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. Accenture was founded in 1951 and is based in Dublin, Ireland.

DEAL STATS #
Overall 283 of 328
Sector (Business Services) 66 of 76
Type (Add-on Acquisition) 253 of 291
State (California) 24 of 25
Country (United States) 108 of 118
Year (2023) 8 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-01 Bourne Digital

Melbourne, Australia

Bourne Digital is a digital design agency specializing in the SAP business technology platform. The company creates experience-driven applications, streamlining workflows and introducing automation. Bourne Digital was formed in 2015 and is based in Melbourne, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-27 Strongbow Consulting

Ridgewood, New Jersey, United States

Strongbow Consulting is a data-driven strategic advisory firm with deep expertise in helping organizations plan and execute technology transformation strategies. It brings together commercial and technical expertise in infrastructure modernization across three areas: Hybrid Cloud, Networking, and End User Compute environments. Strongbow Consulting was formed in 2014 and is based in Ridgewood, New Jersey.

Buy -

Seller(S) 1

SELLER

Sterling Investment Partners

Westport, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 2.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Sterling Investment Partners is a private equity firm that seeks investments in middle-market businesses with strong market share and high growth potential. Sterling looks for companies generating revenues of $50 to $500 million and EBITDA of $15 to $50 million. Sectors of interest include outsourcing/business services, niche manufacturing & industrial, transportation & logistics, unique distribution, technology-related, energy services, and consumer products & services. Sterling Investment Partners dates back to 1991 and is based in Westport, Connecticut.

DEAL STATS #
Overall 21 of 22
Sector (Business Services) 2 of 3
Type (Add-on Acquisition) 4 of 4
State (California) 3 of 3
Country (United States) 21 of 22
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-04 Mr Greens Produce

Miami, Florida, United States

Mr Greens Produce, dairy, and dry goods distributor serving a large variety of clients, including restaurants, hotels, country clubs, caterers, grocery stores, and retail outlets. Mr. Greens delivers 365 days a year, 7 days a week, and multiple runs per day to over 1,500 customers across Florida. Mr Greens Produce is based in Miami, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-14 HeartLand

Kansas City, Missouri, United States

HeartLand is a premier provider of commercial landscape and facilities services, currently operating in five markets across the Central United States. Services include full-service maintenance (mowing, pruning, fertilization and chemical, irrigation, bed maintenance, and annual flowers), landscape enhancements (property upgrades and renovations), and winter services (de-icing and snow removal). HeartLand is based in Kansas City, Missouri.

Sell -
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