Investcorp acquires majority of US-based KSM Consulting

Investcorp will continue KSMC's expansion across the US

  
Traders wait at the Bahrain Bourse after Joe Biden won the U.S. presidency, in Manama, Bahrain, November 8, 2020.

Traders wait at the Bahrain Bourse after Joe Biden won the U.S. presidency, in Manama, Bahrain, November 8, 2020.

REUTERS/Hamad I Mohammed

Mubasher: One of the affiliates of Investcorp has acquired the majority of KSM Consulting, a US data analytics, technology, and digital transformation firm, from Renovus Capital Partners.

Under the terms of the transaction which have not been announced yet, Renovus Capital Partners will hold a minority stake in KSMC, according to a press release on Monday.

Established in 2008, the Indianapolis-headquartered KSMC offers smart and custom solutions to over 700 private and public sector organisations to reach innovative solutions and modernise business processes.

KSMC also provides services that tackle several challenges, such as accelerating ideal-fit company mergers and acquisitions through consolidated data reporting and technology integration.

Following the acquisition, Investcorp will continue KSMC's expansion across the US and broaden its service offerings, including the completion of strategic and value-creating add-on acquisitions.

Therefore, Investcorp will build on KSMC’s recent acquisitions of Colorado-based Tempus Nova, Ohio-based Advocate Solutions, and Indianapolis-based Connect Think.

Commenting on the acquisition, the Managing Partner of Investcorp’s private wealth platform, Yusef Al Yusef, said: "We believe that KSM Consulting is well-positioned for growth as the need for organisations to adopt and realize value from digital solutions will continue to generate demand for the Firm’s mission-critical services."

Meanwhile, the CEO of KSMC, Mark Caswell, stated: "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."

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Alternative Investments