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Investcorp, a leading global provider and manager of alternative investment products, has announced that one of its affiliates has acquired a majority ownership position in KSM Consulting, a leading US consulting firm specialising in data analytics, technology and digital transformation, from Renovus Capital Partners.
Founded in 2008 and headquartered in Indianapolis, KSMC delivers smart, custom solutions to the most complex challenges of more than 700 private and public sector organizations. This is done by leveraging deep expertise in data analytics, technology and digital transformation.
Led by CEO Mark Caswell and President John Roach, the group continues to grow. In the past three years, KSMC has grown at a Compound Annual Growth Rate (CAGR) in excess of 40%, pro forma for acquisitions.
KSMC has also delivered consistent double-digit growth by providing exceptional services that solve mission-critical challenges, like accelerating ideal-fit company mergers and acquisitions through consolidated data reporting and technology integration.
Investcorp said following this transaction, Renovus Capital Partners will continue to maintain a minority stake in KSMC.
Investcorp’s partnership with KSMC will focus on continuing the firm’s organic growth, expanding geographically across the US and broadening KSMC’s service offerings into strategic adjacencies.
This will include seeking to complete strategic, value-creating add-on acquisitions, building upon KSMC’s recent acquisitions of Colorado-based Tempus Nova, Ohio-based Advocate Solutions, and Indianapolis-based Connect Think.
Yusef Al Yusef, managing partner of Investcorp’s private wealth platform, said: "We believe that KSM Consulting is well-positioned for growth as the need for organizations to adopt and realize value from digital solutions will continue to generate demand for the Firm’s mission-critical services. We look forward to supporting the team as they continue growing KSMC."
Investcorp has a long history of collaborating with technology-enabled professional services businesses with select recent investments including: AlixPartners, a results-driven global consulting firm; ICR, a leading strategic communications and advisory firm; Pro Unlimited, global innovator in contingent workforce management; and Revature, a leading technology talent development company.
Caswell said: "We believe Investcorp’s deep understanding of technology and the professional services industry makes it an ideal partner for KSMC’s next phase of growth."
"Investcorp’s resources and expertise will enable us to continue expanding the reach of our difference-making work and will position us for accelerated growth as we continue to prioritize providing service excellence and driving positive outcomes to our clients. We are excited by the long-term benefits this partnership will unlock for our team, clients and communities," he added.-TradeArabia News Service
Investcorp has a long history of collaborating with technology-enabled professional services businesses with select recent investments including: AlixPartners, a results-driven global consulting firm; ICR, a leading strategic communications and advisory firm; Pro Unlimited, global innovator in contingent workforce management; and Revature, a leading technology talent development company.