M&A Deal Summary

RGP Acquires Accretive Solutions

On November 1, 2017, RGP acquired business services company Accretive Solutions from Saybrook and Adams Street Partners for 19M USD

Acquisition Highlights
  • This is RGP’s 11th transaction in the Business Services sector.
  • This is RGP’s 3rd largest (disclosed) transaction.
  • This is RGP’s 7th transaction in the United States.
  • This is RGP’s 1st transaction in Illinois.

M&A Deal Summary

Date 2017-11-01
Target Accretive Solutions
Sector Business Services
Buyer(s) RGP
Sellers(s) Saybrook
Adams Street Partners
Deal Type Add-on Acquisition
Deal Value 19M USD

Target

Accretive Solutions

Chicago, Illinois, United States
website
Accretive Solutions, Inc. is a provider of business consulting and executive search services in the areas of accounting and finance, enterprise governance, and business and technology. Accretive Solutions was founded in1999 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

RGP

Irvine, California, United States

website


Category Company
Founded 1996
Sector Business Services
Employees907
Revenue 805M USD (2022)
DESCRIPTION
Resources Global Professionals' corporate headquarters in Irvine, California.
Resources Global Professionals' corporate headquarters in Irvine, California.

RGP is an international professional services firm that provides accounting and finance, human resources, information technology, and internal audit services. RGP was founded in 1996 and is based in Irvine, California.


DEAL STATS #
Overall 14 of 17
Sector (Business Services) 11 of 12
Type (Add-on Acquisition) 8 of 11
State (Illinois) 1 of 1
Country (United States) 7 of 9
Year (2017) 2 of 2
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-01 taskforce - Management on Demand AG

Munich, Germany

taskforce - Management on Demand AG is a German professional services firm, founded in 2007, that provides clients with senior interim management and project management expertise.

Buy €6M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-31 Veracity Consulting Group

Glen Allen, Virginia, United States

Veracity Consulting Group LLC is a digital transformation firm, that delivers innovative solutions to the Fortune 500 and leading healthcare organizations. Veracity Consulting Group LLC was founded in 2015 and is based in Glen Allen, Virginia.

Buy $31M

Seller(S) 2

SELLER

Saybrook

Los Angeles, California, United States

Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1990
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Saybrook Capital is distressed investment group focused on lower middle-market companies with operational or capital structure complexity. The Firm looks to purchase debt and illiquid equity interests in the secondary market or invest directly in companies that are unable to access capital from traditional sources. Saybrook looks to commit $8 to $15 million per transaction and targets businesses in the business services, consumer, healthcare and manufacturing sectors. Saybrook was formed in 1990 and is based in Los Angeles, California.


DEAL STATS #
Overall 2 of 5
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Illinois) 1 of 1
Country (United States) 2 of 5
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 RGP

Irvine, California, United States

RGP is an international professional services firm that provides accounting and finance, human resources, information technology, and internal audit services. RGP was founded in 1996 and is based in Irvine, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-18 Innocor

West Long Branch, New Jersey, United States

Innocor, Inc. is a provider of consumer-driven polyurethane foam products proven to deliver comfort, relaxation, and rejuvenation. Innocor Comfort®, the consumer products division, manufactures advanced memory foam products including pillows, mattress toppers, mattresses, etc. under Sleep Innovations®, Novaform® and other brands. Innocor, Inc. was founded in 1996 and is based in West Long Branch, New Jersey.

Sell -
SELLER

Adams Street Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Asset Manager
Founded 1972
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Adams Street Partners is a diversified, global investment firm that targets direct, fund of funds, and secondary investments. Adams' direct investing group covers co-investments in buyout transactions, as well as growth equity and venture capital commitments. The direct buyout and growth equity team looks to commit $5 to $30 million per transaction. For venture related investments, commitments of $5 to $20 million are provided to companies in the technology, life sciences and technology enabled services sectors. Typically, target companies have received prior financing from early stage venture firms and are seeking additional capital to fund product development and commercialization. Adams Street Partners was formed in 1972 and is based in Chicago, Illinois.


DEAL STATS #
Overall 69 of 95
Sector (Business Services) 4 of 4
Type (Add-on Acquisition) 38 of 51
State (Illinois) 5 of 7
Country (United States) 64 of 87
Year (2017) 6 of 6
Size (of disclosed) 20 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-17 Vacasa

Portland, Oregon, United States

Vacasa is a vacation rental management company in North America and offers property management and other real estate services directly and through licensed subsidiaries. Vacasa was founded in 2009 and is based in Portland, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-15 Outpost Medicine

Indianapolis, Indiana, United States

Outpost Medicine is a clinical-stage biopharmaceutical company focused on developing novel therapeutics for the treatment of urologic and gastrointestinal disorders. Outpost Medicine was formed in 2016 and is based in Indianapolis, Indiana.

Buy -