Professional Services Acquisitions in 2018

Sikich LLP has acquired the business of Executive Alliance, a human resources consulting firm that implements and optimizes payroll and human capital management technology and processes. The acquisition, which closed Nov. 1, 2018, expands Sikich’s human resources consulting capabilities and adds Executive Alliance’s experienced HR and payroll technology consultants to Sikich’s practice.

Beacon Communications, a Colorado-based critical communications and security integrator, has acquired PhotoScan NorthWest, a Montana-based full-service security company. The acquisition expands Beacon's service and installation capabilities and strengthens its ability to design, implement, and support security and communications systems throughout Montana.

Fourth Wall Events (New York) and WorldTek Events (New Haven) acquired Long Island–based McVeigh Associates and merged their businesses to form McVeigh Global Meetings and Events, LLC. The transaction, announced by advisor Woodbridge International, combines venue sourcing, logistics, travel management and production capabilities to create a centralized, global meetings and events platform for corporate and association clients.

SYNNEX Corporation, via its Concentrix division, agreed to acquire Convergys Corporation for approximately $2.43 billion in a deal expected to close in 2018. The transaction will integrate Convergys into Concentrix to create a larger global customer engagement and CRM BPO services provider, delivering scale, expanded capabilities and geographic reach.

Texas-based private equity firm Calidant Capital made an equity investment in The Five Star Institute, a Dallas-based trade association serving the U.S. residential mortgage and real estate market. The Five Star founder Mark Hulme and CEO Ed Delgado will remain with the company as Calidant provides capital to strengthen the business, expand offerings, and pursue organic growth and add-on acquisitions.

Alera Group acquired three employee-benefits and insurance brokerages — Dickerson Employee Benefits (Los Angeles area), Courtney Group (Highland Park, Illinois) and Benefit Plan Strategies (Tulsa, Oklahoma) — effective May 1, 2018. The transactions expand Alera Group’s national footprint to more than 65 locations; terms were not disclosed.