M&A Deal Summary

Hackett Group Acquires Spend Matters

On May 16, 2025, Hackett Group acquired information technology company Spend Matters from Copley Equity Partners

Acquisition Highlights
  • This is Hackett Group’s 4th transaction in the Information Technology sector.
  • This is Hackett Group’s 2nd transaction in the United States.
  • This is Hackett Group’s 1st transaction in Illinois.

M&A Deal Summary

Date 2025-05-16
Target Spend Matters
Sector Information Technology
Buyer(s) Hackett Group
Sellers(s) Copley Equity Partners
Deal Type Add-on Acquisition

Target

Spend Matters

Chicago, Illinois, United States
Spend Matters is a proprietary tech-enabled data platform that drives and optimizes strategic technology procurement decisions across the global procurement, finance, and supply chain technology ecosystem. Serving private and public sector organizations, consultants, private equity, and services and solution providers, Spend Matters drives strategic technology purchasing decisions and superior marketing, product, sales, and investment outcomes for clients. Spend Matters was formed in 2004 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Hackett Group

Miami, Florida, United States

Category Company
Founded 1991
Sector Information Technology
Employees1,478
Revenue 313M USD (2024)
DESCRIPTION

Hackett Group is an intellectual property-based strategic consultancy and enterprise benchmarking and best practices implementation firm to global companies, offering digital transformation and enterprise application approaches including robotic process automation and cloud computing. Services include business transformation, enterprise performance management, working capital management, and global business services. The Hackett Group was founded in 1991 and is based in Miami, Florida.


DEAL STATS #
Overall 4 of 4
Sector: Information Technology M&A 4 of 4
Type: Add-on Acquisition M&A Deals 4 of 4
State: Illinois M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-16 LeewayHertz

Gurgaon, India

LeewayHertz is an AI consulting and development company offering innovative solutions to empower businesses with the transformative capabilities of artificial intelligence. Specializing in enterprise-grade AI applications, the company leverages cutting-edge technologies like generative AI, computer vision, and machine learning to help companies optimize processes, enhance customer experiences, and drive growth. Its flagship product, ZBrain, a low-code generative AI orchestration platform, has been instrumental in helping enterprises integrate AI into their operations with ease. LeewayHertz is based in Gurgaon, India.

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Seller(S) 1

DESCRIPTION

Copley Equity Partners is a private investment firm that invests in established small and lower middle-market businesses with significant growth prospects. The Firm is sector agnostic and generally looks to provide capital for shareholder liquidity, acquisition, and growth needs. Copley Equity looks to invest $5 to $75 million in equity capital in profitable businesses generating up to $25 million of cash flow. Copley Equity Partners was established in 2012 and is headquartered in Quincy, Massachusetts.


DEAL STATS #
Overall 6 of 6
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 5
State: Illinois M&A 1 of 1
Country: United States M&A 6 of 6
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-03 Herzig Engineering

Kansas City, Missouri, United States

Herzig Engineering is an electrical services company that offers arc flash studies, infrared inspections, training and other safety-related services. Herzig Engineering was formed in 2000 and is based in Kansas City, Missouri.

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