20 Acquisitions of Companies in the Professional Services Industry

January 15, 2023
Acquisitions Hub

Company acquisitions in the Professional Services industry always make headlines! Especially since related startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 20 acquisitions that took place in the Professional Services industry.

Avacta Animal Health acquired by Nextmune

Details about the transaction:

Acquisition amount:

$3,000,190

Announcement:

15 March 2022

Details about the company:

Avacta Animal Health offers veterinary laboratory services, diagnostic tests for surgeons' operating rooms, and laboratories on animal allergies.

Headquarter:

Wetherby, York, United Kingdom

Where to find them:

Industry:

Biotechnology, Health Care, Medical, Professional Services, Veterinary

Details about the buyer:

Dedicated to research, Nextmune is a multinational speciality pharma firm.

Headquarter:

High Wycombe, Buckinghamshire, United Kingdom

Where to find them:

Connesi acquired by DHH

Details about the transaction:

Acquisition amount:

$5,605,661

Announcement:

28 July 2022

Details about the company:

Customers of Connesi can access the internet through wireless, fiber optic, and xDSL.

Headquarter:

Foligno, Umbria, Italy

Where to find them:

Industry:

Internet of Things, Professional Services, Wireless

Details about the buyer:

Southeast Europe's cloud computing service provider

Headquarter:

Milano, Lombardia, Italy

Where to find them:

GuildLink acquired by MedAdvisor

Details about the transaction:

Acquisition amount:

$6,348,254

Announcement:

26 July 2022

Details about the company:

Healthcare industry software solutions and professional programs are GuildLink's area of expertise.

Headquarter:

Sydney, New South Wales, Australia

Where to find them:

Industry:

Consulting, Health Care, Pharmaceutical, Professional Services, Software

Details about the buyer:

Through an app, MedAdvisor links customers with pharmacies to offer a variety of medications.

Headquarter:

Camberwell, Victoria, Australia

Where to find them:

Innomate acquired by 24SevenOffice

Details about the transaction:

Acquisition amount:

$2,022,018

Announcement:

28 January 2022

Details about the company:

Web-based HR solutions are created and implemented by Innomate to assist businesses in streamlining and upgrading their HR procedures.

Headquarter:

Copenhagen, Hovedstaden, Denmark

Where to find them:

Industry:

Human Resources, Professional Services, Software, Web Development

Details about the buyer:

A Norwegian software firm called 24SevenOffice creates and sells SaaS-based solutions.

Headquarter:

Oslo, Oslo, Norway

Where to find them:

Parseport acquired by Workiva

Details about the transaction:

Acquisition amount:

$100,000,000

Announcement:

1 April 2022

Details about the company:

Using XBRL services, ParsePort provides yearly and tax reporting services.

Headquarter:

Albertslund, Hovedstaden, Denmark

Where to find them:

Industry:

Database, Financial Services, Professional Services, Software

Details about the buyer:

Wdesk was developed by Workiva as a cloud-based platform for businesses to gather, organize, report, and analyze vital business data instantly.

Headquarter:

Ames, Iowa, United States

Where to find them:

Gurus Solutions acquired by Alan Allman Associates

Details about the transaction:

Acquisition amount:

$1,574,006

Announcement:

8 February 2022

Details about the company:

Gurus Solutions has 15 years of expertise helping organizations expand up using cloud technology and has been a 5-star NetSuite ERP & Dell Boomi partner for 9 years.

Headquarter:

Montréal, Quebec, Canada

Where to find them:

Industry:

Cloud Computing, Consulting, Enterprise Resource Planning (ERP), Information Technology, Professional Services, SaaS, Software

Details about the buyer:

Alan Allman Associates is an ecosystem made up of 21 separate businesses that have been developed and are each focused on a certain industry or line of work.

Headquarter:

Issy-les-moulineaux, Ile-de-France, France

Where to find them:

Terri Jie acquired by KWG Living

Details about the transaction:

Acquisition amount:

$25,886,414

Announcement:

11 January 2022

Details about the company:

Terri Jie offers services for managing municipal garbage and providing city sanitation.

Headquarter:

Foshan, Guangdong, China

Where to find them:

Industry:

CleanTech, Professional Services, Waste Management, Water Purification

Details about the buyer:

KWG Living is a property management firm that operates office buildings, malls, and other types of real estate.

Headquarter:

Guangzhou, Guangdong, China

Where to find them:

Compass Water Solutions acquired by CECO Environmental Corp

Details about the transaction:

Acquisition amount:

$12,500,000

Announcement:

10 May 2022

Details about the company:

Bilge design and layout, installation oversight, start-up and commissioning services, and onboard repair are all offered by Compass Water Solutions.

Headquarter:

Tustin, California, United States

Where to find them:

Industry:

Consulting, Facilities Support Services, Professional Services

Details about the buyer:

CECO Environmental Corp. (CECO) is a global supplier of technologies for reducing air pollution. The business provides air transportation.

Headquarter:

Cincinnati, Ohio, United States

Where to find them:

Corebi acquired by NowVertical Group

Details about the transaction:

Acquisition amount:

$8,000,000

Announcement:

12 January 2022

Details about the company:

Data governance, data architecture, data visualization, and data science are all services provided by Corebi, a data and analytics firm.

Headquarter:

Buenos Aires, Distrito Federal, Argentina

Where to find them:

Industry:

Analytics, Data Visualization, Information Technology, Professional Services

Details about the buyer:

Vertical Intelligence (VI) software and services provider NowVertical Group combines industry-specific technology and knowledge.

Headquarter:

Toronto, Ontario, Canada

Where to find them:

Corpository acquired by Yubi

Details about the transaction:

Acquisition amount:

$13,021,800

Announcement:

26 April 2022

Details about the company:

Users of the Corpository web platform may access information and keep tabs on directors and corporations.

Headquarter:

Ahmedabad, Gujarat, India

Where to find them:

Industry:

Information Services, Online Portals, Professional Services

Details about the buyer:

A completely integrated, unified digital platform called Yubi assists investors in finding, trading, executing, and fulfilling debt solutions.

Headquarter:

Chennai, Tamil Nadu, India

Where to find them:

Dawson Van Orden acquired by urban-gro, Inc.

Details about the transaction:

Acquisition amount:

$7,250,000

Announcement:

13 October 2022

Details about the company:

An engineering company called Dawson Van Orden provides structural, civil, electrical, and MEP engineering services.

Headquarter:

Houston, Texas, United States

Where to find them:

Industry:

Civil Engineering, Mechanical Engineering, Professional Services

Details about the buyer:

For Controlled Environment Agriculture facilities, urban-gro delivers complete architectural, engineering, and cultivation systems integration.

Headquarter:

Lafayette, Colorado, United States

Where to find them:

Enhancers acquired by Warrant Hub

Details about the transaction:

Acquisition amount:

$17,986,695

Announcement:

15 March 2022

Details about the company:

Enhancers is an IT company that creates human-centered IoT solutions and digital ecosystems.

Headquarter:

Turin, Piemonte, Italy

Where to find them:

Industry:

IT Management, Professional Services, Software

Details about the buyer:

For SMEs and large companies, Warrant Hub offers counseling and financing at a discounted rate.

Headquarter:

Correggio, Emilia-Romagna, Italy

Where to find them:

HyperPointe acquired by XpresSpa Group

Details about the transaction:

Acquisition amount:

$5,500,000

Announcement:

10 January 2022

Details about the company:

A customer experience management software called HyperPointe fosters relationships, builds better businesses, and brings campaigns to life.

Headquarter:

Teaneck, New Jersey, United States

Where to find them:

Industry:

Advertising, Marketing, Professional Services

Details about the buyer:

The XpresSpa Group is utilizing its flagship business, xpresspa, to create a leading pure-play provider of health and wellness services.

Headquarter:

New York, New York, United States

Where to find them:

Intake acquired by IDP Education

Details about the transaction:

Acquisition amount:

$55,567,086

Announcement:

20 September 2022

Details about the company:

An education consulting company called Intake provides services including applications, counseling, student housing, and studying abroad.

Headquarter:

Tainan, T'ai-wan, Taiwan

Where to find them:

Industry:

Advice, Education, Professional Services

Details about the buyer:

IDP Education is a business that specializes in providing placement services for overseas students.

Headquarter:

Melbourne, Victoria, Australia

Where to find them:

Newoldstamp acquired by Black Pearl

Details about the transaction:

Acquisition amount:

$3,035,223

Announcement:

25 November 2022

Details about the company:

An email signature marketing platform called Newoldstamp converts users' emails into effective marketing tools.

Headquarter:

San Francisco, California, United States

Where to find them:

Industry:

Digital Marketing, Email, Email Marketing, Professional Services

Details about the buyer:

Black Pearl, a company that creates software for e-markets intelligence.

Headquarter:

San Francisco, California, United States

Where to find them:

Promotion Activators acquired by Votigo

Details about the transaction:

Acquisition amount:

$1,650,000

Announcement:

1 April 2022

Details about the company:

Promotion Activators offers specialized services such idea assessment, establishment of official norms, surety bonds, and legal services.

Headquarter:

Skokie, Illinois, United States

Where to find them:

Industry:

Marketing, Professional Services, Web Development

Details about the buyer:

Votigo is a top provider of full-service social media marketing and promotion solutions using a SaaS platform.

Headquarter:

Boulder, Colorado, United States

Where to find them:

Skogheim Profil & Yrkesklær acquired by Ahlsell

Details about the transaction:

Acquisition amount:

$3,253,930

Announcement:

3 March 2022

Details about the company:

Skogheim Profil & Yrkesklær is a well-known operator in Østfold with a wide range of high-quality work wear.

Headquarter:

Fredrikstad, Ostfold, Norway

Where to find them:

Industry:

Professional Services

Details about the buyer:

Ahlsell is a distributor of installation materials, tools, and goods for installers, building managers, and business.

Headquarter:

Stockholm, Stockholms Lan, Sweden

Where to find them:

Langleys Solicitors acquired by Knights Plc

Details about the transaction:

Acquisition amount:

$15,461,686

Announcement:

31 January 2022

Details about the company:

A unique sort of law practice, Langleys offers a variety of excellent, competent legal services.

Headquarter:

York, York, United Kingdom

Where to find them:

Industry:

Consulting, Law Enforcement, Legal, Professional Services

Details about the buyer:

Knights Plc delivers professional and legal services.

Headquarter:

Cheltenham, Gloucestershire, United Kingdom

Where to find them:

Omuni (Arvind Internet) acquired by Shiprocket

Details about the transaction:

Acquisition amount:

$25,045,037

Announcement:

19 July 2022

Details about the company:

Omuni offers cutting-edge and simple-to-integrate omnichannel solutions for physical businesses, online marketplaces, social media platforms, and blogs.

Headquarter:

Bangalore, Karnataka, India

Where to find them:

Industry:

E-Commerce, Professional Services, Retail

Details about the buyer:

Direct-to-consumer companies may send their products at a low cost thanks to the Shiprocket e-commerce shipping platform.

Headquarter:

New Delhi, Delhi, India

Where to find them:

Texan Bank acquired by Home Bancorp

Details about the transaction:

Acquisition amount:

$66,500,000

Announcement:

15 December 2021

Details about the company:

Texan Bank is a full-service commercial bank run by residents of the Houston region that has a warm local atmosphere.

Headquarter:

Houston, Texas, United States

Where to find them:

Industry:

Customer Service, Professional Services, Public Relations

Details about the buyer:

The holding company for Home Bank, which offers a range of banking services in Louisiana, is called Home Bancorp, Inc.

Headquarter:

Lafayette, Louisiana, United States

Where to find them: