M&A Deal Summary

Accenture Acquires ConcentricLife

On October 25, 2023, Accenture acquired marketing company ConcentricLife from Stagwell

Acquisition Highlights
  • This is Accenture’s 20th transaction in the Marketing sector.
  • This is Accenture’s 110th transaction in the United States.
  • This is Accenture’s 16th transaction in New York.

M&A Deal Summary

Date 2023-10-25
Target ConcentricLife
Sector Marketing
Buyer(s) Accenture
Sellers(s) Stagwell
Deal Type Divestiture

Target

ConcentricLife

New York, New York, United States
ConcentricLife is a healthcare marketing agency with expertise in helping Life Sciences brands build an optimal brand experience at any stage of the health journey. ConcentricLife was founded in 2002 and is based in New York.

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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 288 of 331
Sector (Marketing) 20 of 22
Type (Divestiture) 26 of 28
State (New York) 16 of 17
Country (United States) 110 of 121
Year (2023) 13 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-23 MNEMO Mexico

Mexico City, Mexico

MNEMO Mexico provides managed cybersecurity services. The company’s portfolio includes advanced cyber defense and response capabilities, a cyber intelligence platform powered by generative AI and other advanced technologies. MNEMO Mexico was founded in 2012 and is based in Mexico City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-26 Comtech Group

Richmond Hill, Ontario, Canada

Comtech Group is a consulting and program management company for infrastructure projects in Canada and the United States. Comtech Group was founded in 1994 and is based in Richmond Hill, Ontario.

Buy -

Seller(S) 1

SELLER

Stagwell

New York, New York, United States

Category Company
Sector Marketing
Employees10,250
Revenue 2.5B USD (2023)
DESCRIPTION

Stagwell is a private company focused on investing in and acquiring companies in advertising, research, data analytics, public relations, and digital marketing services. Stagwell is based in New York City.


DEAL STATS #
Overall 1 of 1
Sector (Marketing) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-12 Left Field Labs

Culver City, California, United States

Left Field Labs is a digital agency dedicated to solving our common challenges through uncommon creativity. Left Field Labs was founded in 2008 and is based in Culver City, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-02 Movers+Shakers

Santa Monica, California, United States

Movers+Shakers is a disruptive creative agency that creates culturally relevant brands in a socially-native world. The agency helps clients in reinventing playbooks for mainstream platforms or pioneering success on emerging platforms. Clients include e.l.f., Unilever, Target, Hasbro, lululemon, and Netflix. Movers+Shakers is based in Santa Monica, California.

Buy -