20 Acquisitions in the Professional Services industry

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:

Where to find them: Website

Industry: Biotechnology, Health Care, Medical, Professional Services, Veterinary

Details about the buyer:

Visma offers services and company software for administration and accountancy.

Headquarter:

Where to find them: Website

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:

Where to find them: Website

Industry: Consulting, Facilities Support Services, Professional Services

Details about the buyer:

Visma offers services and company software for administration and accountancy.

Headquarter:

Where to find them: Website

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:

Where to find them: Website

Industry: Information Services, Online Portals, Professional Services

Details about the buyer:

Visma offers services and company software for administration and accountancy.

Headquarter:

Where to find them: Website

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:

Where to find them: Website

Industry: Analytics, Data Visualization, Information Technology, Professional Services

Details about the buyer:

Visma offers services and company software for administration and accountancy.

Headquarter:

Where to find them: Website

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:

Where to find them: Website

Industry: Internet of Things, Professional Services, Wireless

Details about the buyer:

Visma offers services and company software for administration and accountancy.

Headquarter:

Where to find them: Website

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:

Where to find them: Website

Industry: Civil Engineering, Mechanical Engineering, Professional Services

Details about the buyer:

Visma offers services and company software for administration and accountancy.

Headquarter:

Where to find them: Website

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:

Where to find them: Website

Industry: IT Management, Professional Services, Software

Details about the buyer:

Visma offers services and company software for administration and accountancy.

Headquarter:

Where to find them: Website

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:

Where to find them: Website

Industry: Consulting, Health Care, Pharmaceutical, Professional Services, Software

Details about the buyer:

Visma offers services and company software for administration and accountancy.

Headquarter:

Where to find them: Website

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:

Where to find them: Website

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

Details about the buyer:

Visma offers services and company software for administration and accountancy.

Headquarter:

Where to find them: Website

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:

Where to find them: Website

Industry: Advertising, Marketing, Professional Services

Details about the buyer:

Visma offers services and company software for administration and accountancy.

Headquarter:

Where to find them: Website

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:

Where to find them: Website

Industry: Human Resources, Professional Services, Software, Web Development

Details about the buyer:

Visma offers services and company software for administration and accountancy.

Headquarter:

Where to find them: Website

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:

Where to find them: Website

Industry: Advice, Education, Professional Services

Details about the buyer:

Visma offers services and company software for administration and accountancy.

Headquarter:

Where to find them: Website

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:

Where to find them: Website

Industry: Consulting, Law Enforcement, Legal, Professional Services

Details about the buyer:

Visma offers services and company software for administration and accountancy.

Headquarter:

Where to find them: Website

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:

Where to find them: Website

Industry: Digital Marketing, Email, Email Marketing, Professional Services

Details about the buyer:

Visma offers services and company software for administration and accountancy.

Headquarter:

Where to find them: Website

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:

Where to find them: Website

Industry: E-Commerce, Professional Services, Retail

Details about the buyer:

Visma offers services and company software for administration and accountancy.

Headquarter:

Where to find them: Website

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:

Where to find them: Website

Industry: Database, Financial Services, Professional Services, Software

Details about the buyer:

Visma offers services and company software for administration and accountancy.

Headquarter:

Where to find them: Website

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:

Where to find them: Website

Industry: Marketing, Professional Services, Web Development

Details about the buyer:

Visma offers services and company software for administration and accountancy.

Headquarter:

Where to find them: Website

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:

Where to find them: Website

Industry: Professional Services

Details about the buyer:

Visma offers services and company software for administration and accountancy.

Headquarter:

Where to find them: Website

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:

Where to find them: Website

Industry: CleanTech, Professional Services, Waste Management, Water Purification

Details about the buyer:

Visma offers services and company software for administration and accountancy.

Headquarter:

Where to find them: Website

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:

Where to find them: Website

Industry: Customer Service, Professional Services, Public Relations

Details about the buyer:

Visma offers services and company software for administration and accountancy.

Headquarter:

Where to find them: Website

Ray is the VP of Sales at Flippa and has a passion for helping buyers find their dream digital asset, and helping sellers find a successful pathway to exit. Ray is motivated to create a more intuitive way to buy and sell online businesses, with success in managing multi-million dollar deals.

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