BrazilSia Partners accelerates in US with Caiman Consulting deal
French-origin management consulting firm Sia Partners has acquired Caiman Consulting, a US consultancy with 70 consultants across offices in Seattle and San Francisco.
The move is part of Sia Partners’ strategy to grow its US team to 500 consultants by the end of 2020. The latest acquisition – earlier this year US consultancies Loft9 and Gartland & Mellina were bolted-on – takes the firm’s US headcount to around 300 consultants. Globally, Sia Partners now has over 1,600 consultants in 16 countries.
Founded fifteen years ago, Caiman Consulting focuses on helping clients with technology-driven transformation, with a focus on the sales & marketing and operations functions.
As part of the integration, the managing partners of Caiman Consulting, Raazi Imam, Sheri Iverson and Marci Marra, will join Sia Partners’ US management team. Dan Connor, who leads Sia Partners’ US division, said; “The combination is a natural one, as Caiman’s client portfolio and team’s expertise seamlessly complement Sia Partners’ existing capabilities on the West Coast.”
Raazi Imam, chief executive of Caiman Consulting, added; “After years of growing the firm to become a leading and respected management consulting practice, it’s energising to find a place that shares our intrinsic values and can help us scale the digital transformation work we’ve been doing in the high-tech sector. We believe that having a global footprint to serve our clients, along with a deep focus on digital skills, is a key differentiator as we continue to support our clients to transform their businesses.”
The dealmaker
The deal was advised on by Equiteq, a matchmaker and corporate finance firm focused on the professional services industry. Regarding Equiteq’s role in the transaction, Imam said, “Equiteq’s expert counselling and devotion to protecting our best interests ultimately led to identifying the right partner, Sia Partners, to help drive our next stage of growth. We are grateful to the entire Equiteq team for their commitment to helping us achieve this exciting transaction.
In related merger & acquisition work in professional services, Equiteq also supported the Chatham Financial - JCRA Group deal, which closed last week.
Deals Sia Partners recently closed in Europe include that of nod-A (2019, France), Inzenka and SKT Consulting (2018, UK), Dicitas Consulting (2018, Netherlands) and Fove (2018, France).
