Argon & Co buys Dutch operations specialist M3 Consultancy

13 September 2023 2 min. read

Global operations and supply chain consultancy Argon & Co has beefed up its presence in the Netherlands with the acquisition of M3 Consultancy.

The addition of M3 Consultancy will see a team of close to 20 consultants join Argon & Co’s Dutch outfit, which launched in 2021 following the bolt-on of R&G Global Consultants (which was headquartered in the Netherlands but also had staff in four other European offices).

“We are thrilled to welcome M3 Consultancy to our team,” said Aart Willem de Wolf, partner at Argon & Co. “This expands our team and services in supply chain strategy, digital transformation and M&A due diligence. Beyond this, we create a much bigger and more powerful team for data analytics, modelling, and implementation.”

Argon & Co buys Dutch operations specialist M3 Consultancy

Founded in 2004, M3 Consultancy has over the past two decades grown into an established boutique specialised in supply chain strategy and (digital) operations. The firm works for clients across a broad range of industries, and last year saw its client impact recognised with a listing in the top supply chain consulting firms ranking by industry platform

“M3 Consultancy has deep specialist knowledge and reflects the consistency of our values across the business,” said the Frenchman Jean-François Laget, Group Managing Director of Argon & Co. “They will help us consolidate our already strong position in the digital operations consultancy market and will deliver an instant impact for Argon & Co’s clients.”

As part of the deal (financial terms have not been disclosed), M3 Consultancy partners Erwin Matthijssen, Martin Mommersteeg and Arjan van Moorsel will join the leadership team of Argon & Co in the Netherlands.

“We are excited to begin this new chapter,” said Matthijssen. “By being part of Argon & Co, we can support businesses in new ways and with a broader range of topics. This positions us to accelerate the growth of our consultants and clients.”

The deal is Argon & Co’s first in 2023. Over the past years, the private equity-backed firm regularly turned to inorganic means to accelerate its growth in key markets, particularly in Europe and Asia Pacific.