Consulting Acquisitions in 2025

Heidrick & Struggles has been taken private in a approximately $1.3 billion transaction led by Advent International and Corvex Private Equity with participation from a global network of strategic investors including Salem Capital Management, Mousse Partners, TF Cornerstone, HighSage Ventures and Barcliff Partners. The deal, which includes a substantial co-investment from Heidrick & Struggles leaders and partners, will support the company's multi-year growth strategy and investments in new technologies and capabilities while the business continues operating under its current brand.

YA Group, a Nashville-based building consulting and forensic engineering firm, has acquired J.M. Reagan Consulting (JMR), a Houston-based property damage and construction claims consulting business. The add-on strengthens YA's presence in Texas and expands its construction consulting capabilities for insurance-sector clients; the deal was finalized December 8, 2025.

Climate technology platform 51toCarbonZero has integrated UK sustainability consultancy Green Element, combining Green Element’s two decades of science‑based advisory with 51toCarbonZero’s AI-driven emissions management platform. The move embeds advisory capabilities (LCA, climate risk, CSRD/SBTi compliance) into 51toCarbonZero’s product offering to deepen consulting services and accelerate capability expansion across its client base in the UK, Europe and North America.

Business Development Resources (BDR) has acquired the Plumbing CEO brand and appointed its founder, Nate Agentis, as Director of the Plumbing Vertical. The acquisition brings Plumbing CEO's leadership development and training resources into BDR's suite to help expand and deepen BDR's offering for plumbing contractors across North America.

L Squared Capital Partners has made a significant growth investment in Ergo, a New York–headquartered geopolitical and strategic intelligence firm. The capital will support Ergo's organic growth, expand its go-to-market initiatives (including the Flashpoints Forum membership), and enable strategic acquisitions while Ergo's management retains a significant ownership stake.

Total Resource Management (TRM), an enterprise asset management and digital transformation advisory firm based in Alexandria, Virginia, has acquired Performance Consulting Associates (PCA), a reliability and maintenance management consultancy founded in 1976. The acquisition expands TRM’s reliability, maintenance management, and EAM consulting capabilities and integrates PCA’s team and services into TRM’s broader advisory and implementation offerings.

Guideboat Capital Partners, a Dallas-based private equity firm, acquired P3 Cost Analysts Franchise, LLC, a Fayetteville, Arkansas cost-reduction consulting firm, with the transaction closing on October 22, 2025. P3 provides shared-savings cost reduction services across utilities, telecommunications, waste management and other overhead categories; Guideboat intends to partner with the founder-led team to support growth and long-term value creation.

Cumming Group has merged with Seneca Group, bringing more than 70 Seneca professionals into Cumming’s platform to expand the firm’s Pacific Northwest capabilities. The combination strengthens Cumming Group’s owner-advisory, project management, and cost-consulting services for corporate, healthcare, and education clients and expands its regional and international footprint.

UPSTACK has acquired Breakwater Cloud Advisors, a Vancouver, Washington–based customer experience (CX) consulting firm, to accelerate and expand its CX + AI practice. Breakwater's founders Brendan Paulin and Andrew Millard (and Business Development Director Star Toups) will join UPSTACK to broaden the company's advisory and execution capabilities across CCaaS, conversational AI, workforce management, analytics and automation for midmarket and enterprise clients.

Consertus, a new platform backed by Round Table Capital (RTC) Partners, announced its launch and the integration/acquisitions of ten AEC and capital-program advisory firms — including Kal Krishnan Consulting Services (KKCS) and The Wells Partnership (TWP). The moves create a single, technology-forward capital program management and advisory platform (Consertus) with more than 800 professionals and expanded geographic and capability coverage.

Newmark Group, Inc. has acquired RealFoundations, a Dallas-based real estate consulting and managed services firm, to bolster Newmark’s Investor Solutions suite and scale its fund and asset management capabilities. The deal brings RealFoundations’ technology-enabled data management, performance analytics and managed services into Newmark’s platform to accelerate growth in recurring management services globally. Terms were not disclosed.

Grant Thornton Advisors LLC has acquired Stax, a global strategy consulting firm specializing in commercial due diligence, value creation and exit-planning services. The deal (supported by New Mountain Capital) adds approximately 300 Stax professionals to Grant Thornton Advisors' multinational transaction advisory platform; Blue Point Capital Partners exited the investment.

Dark Horse Consulting Group (DHCG), a global strategic and operational consulting firm focused on cell and gene therapy and biotherapeutics, has acquired Converge Consulting, LLC, a Cambridge-based life sciences consulting firm. The acquisition expands DHCG's capabilities in supply chain, manufacturing, commercial launch readiness, enterprise IT solutions, CMC, and Quality to provide broader end-to-end support across the product development lifecycle.

West Monroe, a global business and technology consulting firm, has acquired 2050 Partners, an energy-focused consulting firm headquartered in the Bay Area. The acquisition expands West Monroe’s demand-side management, energy efficiency and regulatory advisory capabilities to help utilities manage rising load and meet decarbonization goals.

Shore Capital Partners has completed a partnership with Optis Consulting, a Vancouver-based source-to-pay (S2P) consulting and implementation firm. Shore will support Optis's growth by joining the board, investing in organic growth, expanding service offerings, and selectively evaluating acquisitions to scale the platform.

HR Path, a global HR consulting and HRIS solutions provider, has acquired Next Generation, Inc. (NGI), a Chicago-based HCM/ERP consulting and systems-integration firm. The acquisition expands HR Path’s presence in North America and strengthens its workforce management and HCM implementation capabilities.

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.

Parthenon Capital has made a strategic growth investment in Embark, a Dallas-based management and financial consulting firm, to accelerate the company's organic growth and M&A strategy while expanding its technology and AI capabilities. Founder Paul Allen will remain Chairman and retain a significant ownership stake as Embark pursues investments in automation, AI, talent, and expanded advisory services.

Lightcast has acquired UK-based consultancy Skill Collective to combine Skill Collective's workforce transformation consulting with Lightcast's global skills intelligence and data platform. Skill Collective will operate as "Skill Collective – a Lightcast Company," continuing consulting engagements while gaining access to Lightcast's taxonomy, labor-market insight, and infrastructure to scale skills transformation for enterprise clients.

Epiq has acquired Inflection IT, a specialist consultancy for Intapp platform implementations, and will integrate its consultants into Fireman, an Epiq advisory business focused on law firms. The acquisition expands Epiq's Intapp and legal-technology implementation capabilities to better serve law firms and corporate legal departments.

Argano, a global specialist consultancy and portfolio company of Trinity Hunt Partners, has acquired HyBridge Solutions, a cloud-focused consulting firm specializing in workforce management (WFM), human capital management (HCM) and cloud ERP implementations. The add-on expands Argano's healthcare expertise and performance consulting capabilities while bolstering its UKG and Infor platform offerings and managed services.

Huron (NASDAQ: HURN) has acquired strategy and operations consulting firm Wilson Perumal & Company (WP&C) and integrated approximately 30 WP&C team members into its Innosight strategy and innovation capabilities. The deal brings WP&C's proprietary methodologies and operations-focused strategy expertise into Huron's Commercial operating segment to expand the firm's strategy, operations, and transformation offerings across industrials, manufacturing, energy, consumer, private equity, and public sector clients.

Pyxis Advisory Group, a Houston-based diversified advisory firm, has acquired Catule Consulting, effective September 1, 2025. Catule principals Josh Grahmann and Silas Aday have joined Pyxis as Managing Directors to lead the firm’s Upstream and Oilfield Services verticals, expanding Pyxis’s capabilities across energy and industrial markets.

Trivest Partners has made a growth investment in Applied Value Group, a New York–headquartered management consulting firm specializing in cost and capital efficiency improvements. The capital will be used to scale Applied Value's offerings, broaden capabilities, expand its reach (notably in North America and the Nordics), pursue targeted add-on acquisitions, and attract talent; terms were not disclosed.

Accenture has acquired The Highlands Consulting Group, a Sacramento-based management consulting firm with expertise in healthcare, transportation, social services and organizational change management. The acquisition strengthens Accenture’s capabilities serving California state agencies and expands its public sector consulting footprint in the state; financial terms were not disclosed.

European private equity firm Waterland has entered a strategic minority investment partnership with Chemservice, a regulatory compliance and regulatory affairs consultancy serving the chemical industry. The founders will retain a significant minority stake and remain in management as Waterland supports Chemservice’s organic expansion and targeted M&A to accelerate international growth and broaden its service offering.

HR Path has acquired Melbourne-based RKM Consulting, a specialist in HRIS technology and SAP SuccessFactors implementation. The deal expands HR Path’s footprint in Australia and New Zealand and strengthens its HRIS/SAP SuccessFactors capabilities and local delivery capacity.

MGT, a national technology and advisory solutions firm, has acquired rpk GROUP, a higher-education-focused management consulting firm led by Rick Staisloff. The acquisition expands MGT's higher education finance and strategy capabilities and deepens its portfolio of advisory services for colleges, universities, and state systems.

HR Path has acquired PredictiveHR, a U.S.-based HRIS advisory and implementation specialist known for UKG and Paylocity expertise. The deal expands HR Path's footprint in North America and strengthens its UKG implementation, post-live optimization, and managed services capabilities.

Arthur J. Gallagher & Co. (Gallagher) has acquired Novi, Michigan-based Dion Leadership, Inc.; terms were not disclosed. Dion Leadership's founder Steve Dion and his team will remain in Novi and will report into Gallagher's Talent Consulting operations, expanding Gallagher's executive consulting and leadership development capabilities.

Huron, the Chicago-headquartered global professional services firm, has acquired Treliant, a Washington, D.C.-headquartered advisory and managed services firm focused on financial services risk, compliance, and financial crimes. The acquisition expands Huron's financial services capabilities, managed services footprint, and ability to serve clients in Europe; financial terms were not disclosed.

2X, the subscription-based go-to-market services leader, has acquired Outbound Funnel, a revenue operations consultancy specializing in AI-powered sales engagement and revenue intelligence platform implementations. The acquisition expands 2X's RevOps and GTM technology capabilities, adding deep platform implementation, migration, and managed services expertise to its subscription-managed services portfolio.

Enterprise Information Resources Inc. (EIR), a Boston-based SAP SuccessFactors partner, has acquired PLESM, a boutique consultancy focused exclusively on SAP SuccessFactors Learning Management System (LMS). The acquisition brings PLESM's LMS expertise and founder Sumanth Reddy into EIR as Vice President of the LMS Practice to deepen EIR's learning, rollout, validation, and continuous optimization capabilities.

Accenture has acquired Aristal, a Malaysia-based consulting firm specializing in core banking transformation and digital banking advisory. The deal brings Aristal’s senior team of about 30 professionals into Accenture’s Financial Services practice in Malaysia to strengthen the firm’s ability to support banks across Southeast Asia with core system upgrades, post-merger integration and digital transformation.

dss+ has acquired Montreal-based Proaction International, adding 132 senior experts and the proprietary UTrakk digital management platform to deepen its operational excellence and leadership coaching capabilities. The deal expands dss+’s presence in North America and Europe and integrates Proaction’s field coaching, performance management expertise and technology into dss+’s global consulting network.

WilliamsMarston LLC has acquired AIT Consulting Services, a Houston-based OneStream implementation and consulting firm. The deal expands WilliamsMarston's technology capabilities for the Office of the CFO and strengthens its presence in Texas by adding AIT's OneStream expertise and proprietary solutions.

Baringa announced a talent acquisition of all staff from Altruas, a Dallas-based digital and technology consultancy, and will integrate the team into its U.S. digital and technology practice. The move is intended to accelerate Baringa's U.S. growth by bolstering its execution capabilities in areas such as CRM, ERP and custom development.

Global consulting firm J.S. Held has acquired MorrisAnderson, a Chicago-based turnaround and restructuring specialist. The acquisition expands J.S. Held’s restructuring, bankruptcy, transaction, and dispute advisory capabilities and gives MorrisAnderson access to J.S. Held’s broader global resources and network of experts.

Monument Advocacy, backed by private equity partner Everlane Equity Partners, has merged with/acquired Horizon Government Affairs to bolster its health care lobbying capabilities. The add-on expands Monument's platform to capitalize on overlaps between technology and health care policy (including cybersecurity and AI) and strengthens its public affairs and food & agriculture practices.

Sia, a global management consulting group, has acquired Precedence, a Netherlands-based consulting firm focused on process, technology, data & AI, and people change. The deal expands Sia's Dutch footprint (adding offices in Maastricht and Utrecht), strengthens its data & AI capabilities, and brings Precedence's founders into Sia as partners.

Funds managed by TorQuest Partners purchased GlassRatner (B. Riley’s advisory services business) from B. Riley Financial for $117.8 million. B. Riley expects to record a gain of approximately $66 million on the sale; TorQuest plans to invest in GlassRatner as a platform to support growth and expand its advisory capabilities.

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.

HR Path has acquired ClearCourse Consulting, a U.S.-based HCM consulting firm specializing in Dayforce, ADP, UKG and Workday implementations and optimization. The deal expands HR Path's U.S. footprint and strengthens its HCM advisory, implementation and post-go-live capabilities.

Parthenon Capital has made a strategic growth investment in AArete, a Chicago-based management and technology consulting firm specializing in profitability improvement and digital transformation for healthcare payers, financial services and the public sector. The capital will be used to accelerate growth initiatives, broaden AArete’s service offerings, and support acquisitions while existing employees and leaders remain significant shareholders.

Compliance Risk Concepts (CRC), a New York-based enterprise risk and compliance consulting firm, has acquired Oyster Consulting, LLC, a Glen Allen, Virginia strategic consulting and operations partner for financial services. The deal — completed June 20, 2025 — creates the combined CRC-Oyster platform to expand capabilities, regulatory technology offerings and professional capacity for financial services clients; CRC is PE-backed following a January 2024 growth investment from MidOcean Partners.

SolomonEdwards has acquired Pencek Advisors and launched a dedicated Private Equity Services platform to support lower- to middle-market PE firms and their portfolio companies. The acquisition formalizes an existing partnership and brings Matt Pencek into SolomonEdwards to lead the new service offering; Renovus Capital Partners is the majority investor in SolomonEdwards.

Lewis & Ellis, Inc. announced it is joining forces with Huggins Actuarial Services, combining capabilities to expand their property & casualty actuarial offerings. Huggins will continue to operate under its current brand and leadership, and the deal strengthens Lewis & Ellis’s technical depth and industry presence in P&C actuarial services.

Oakley Capital Origin II has agreed to acquire a majority stake in Join Business Management Consulting (JBMC), an Italian management and IT consultancy headquartered in Siena focused on the Financial Services sector. Oakley will support JBMC's growth through investment in business origination, capability development and buy-and-build activity, with OCI (Oakley Capital Investments Limited) providing an indirect contribution of approximately £8 million.

LRQA has acquired five specialist consultancies — Ergon Associates, RESET Carbon, StepUp Solution Services, Core Business Solutions and EcoEngineers — completing five strategic purchases in five months to broaden its risk management, ESG, food-safety and energy-transition capabilities. The bolt-on acquisitions expand LRQA’s geographic footprint (notably into North America and Asia) and add technical expertise in labour & human-rights, carbon management, QMS certification and renewable-fuels decarbonization.

Aprio has acquired Nextfed, Inc., a Washington, D.C.-area strategy consulting and M&A advisory firm focused on commercial aerospace, defense, and government services. The deal expands Aprio's advisory capabilities in national security, defense and aerospace markets and establishes a new Arlington, Virginia office to strengthen its presence in the Washington, D.C. metro area.