Chaucer Group acquires Medley Business Solutions

The acquisition of Medley Business Solutions by Chaucer Group was announced in mid-December – I was delighted to play a significant part in this transaction.

Chaucer has grown strongly over recent years and is now well established as a leading consultancy in people centric digital transformation in the UK and USA. Joining with PE-backed Bip Consulting in mid-2020 has given Chaucer the ability to expand faster through partnering with other BIP companies and investment in both organic and inorganic growth activities.

Founded in 1997, Medley has built an enviable reputation as a client-side IT and management consulting firm operating in UK Public Sector. Its experienced practitioners are at the heart of a number of highly successful IT transformation programmes in central government, criminal justice, government agencies and NDPBs.

Medley was looking for access to a wider skillset to enable it to provide additional value to its client base. Chaucer wanted to grow its existing Public Sector expertise by adding more senior IT capability and through acquisition of a team with an existing set of executive-level relationships and a solid book of business that it could merge in with its own.

The two firms already had some experience of each other through partnering activity on bids and client assignments – some additional focus was placed on this to prove that joining together would be beneficial to both firms. The business fit continued to look good and the cultural fit was very positive. Things took off and a deal was discussed, agreed and completed in great spirit and with a joint outlook on what the parties wanted to achieve individually and together in the coming years. Client feedback has been extremely positive and the combined team is looking forward to achieving even greater outcomes for all.

See here for Chaucer’s press release.

Virtrium joins Chaucer Group

The merger of Virtrium into Chaucer Consulting was announced recently – an important milestone for both firms.

My story here begins in the summer of 2016 when the Directors of CIO Advisory firm Virtrium asked me to assist them with their forward growth strategy. Virtrium had a good brand in the market and a wealth of satisfied, long-term clients so I was happy to take a look. We spent time understanding why clients came to Virtrium and what they were asking Virtrium to help with, and gained a wealth of information.

From this, we honed propositions into three groupings that follow the life cycle of CIOs’ key investment programmes, namely IT Strategy, IT Architecture and IT Transformation – and with these being focused in on the Digital or Omni-Channel agenda that many IT functions are needing to supplement their own teams with external expert assistance. Altering Marketing messages and sales collateral to suit, the team was able to explain better the core focus of Virtrium and how it could assist its clients.

The results have been rewarding – a similar level of “point solution” assignments but, crucially, a much larger demand for Virtrium to assist its clients across complete programmes, taking lead roles in implementation phases.

Moving the clock forward two years to last summer, the Virtrium Board felt that it would be able to support its clients more easily if it had access to a larger team of programme and change management resource, and recruiting these was both taking an inordinate amount of effort and taking too long. Accordingly, we went out into the market to talk to other consulting firms that come from a programme, project and change management background.

In Chaucer, not only did we find the necessary capability but also a wealth of business consulting skills to sit alongside Virtrium’s IT strength. Also, Chaucer was already heavily involved in the implementation of Digital Transformation programmes without necessarily having been involved in the earlier strategic definition activity – Virtrium therefore provides the Chaucer team with additional much needed expertise in IT Strategy and Architecture. A true “win win” or “2 + 2 = 5+” scenario.

It’s only been a month, and with the Christmas break within this too, but client feedback has been excellent and supportive with some programmes involving one “heritage firm” or the other being extended to include the expanded capability.

I’m delighted to have been involved across the journey so far and look forward to witnessing the next chapter – the continued growth that the combined business will undoubtedly enjoy going forward.

See here for Virtrium’s press release.

What acquirers look for in a Consulting Firm

I was interviewed recently, as part of a podcast series, on the topic of what acquirers look for when searching for consulting firms to acquire.

Drawing on my experience from both sides, helping firms to acquire and “packaging up” firms to get them ready for acquisition, there was more than enough content to fill a 25 minute session.

Enjoy listening to the podcast here and feel free to provide comment or contact me to debate the content and/or share your own experiences.

BearingPoint’s acquisition of LCP Consulting

Appointed by BearingPoint to introduce appropriate consulting firms to them from my network, I was delighted to be in at the start of this acquisition activity.

BearingPoint is a significant player in mainland Europe, most notably in France and Germany, and is growing fast in the UK.  Our aim was to find consulting firms in the UK that would provide greater local capability in supply chain and similar services and also fit well with the existing horizontal capability teams and vertical practices of BearingPoint elsewhere in Europe.

LCP Consulting is an award-winning consultancy and the team there is seriously strong.  They needed a home where they could spread their wings and grow more quickly.

This tie up is a great example of “1+1=3” – both organisations bring things to the party that the other has been looking for.  Culturally, they fit well too and it was evident even at the first meeting that the two firms could create something special.

Well, the deal is now done and well done to all!  I look forward now to seeing the special things being delivered in the market and the BearingPoint brand gaining increasing recognition in the UK as a result.

See here for BearingPoint’s press release.