EY acquires public sector specialist Halo Management Consulting

07 November 2018 Consulting.ca

Accounting and consulting firm EY Canada has acquired Ottawa-based Halo Management Consulting. The boutique firm’s 14 professionals, including founder Leigh Harris, will bolster the capabilities of EY’s public sector practice in Ottawa.

Founded in 2013, Halo has grown to be one of the fastest growing consultancies in the Ottawa region. The firm was ranked a top 10 fastest-growing firm in a 2016 Ottawa Business Journal ranking, achieving revenue growth of over 340%.

Led by President and Founder Leigh Harris, the management consulting firm provides strategy, transformation, organization design, operations, people & culture, and strategic communications support to primarily public sector clients. As President and Executive Consultant, Harris uses her more than two decades of consulting experience to guide clients towards better outcomes, while also steering the growth of the firm.

Big Four firm EY Canada seemingly took notice of the nimble and successful firm, having announced the acquisition of Halo earlier this month. The consulting firm will now join EY Canada’s Government & Public Sector services team in Ottawa. EY’s public sector practice helps governments and non-profits deliver better public services with a cross-disciplinary team of assurance, tax, and consulting professionals.EY acquires public sector specialist Halo Management Consulting"Like most organizations today, the government and public sector is facing pressure to transform," says Kirsten Tisdale, EY Canada's Government & Public Sector leader. "Things like harnessing new technologies, building more resilient infrastructures, and managing macroeconomic and geopolitical shifts all require creative and robust solutions.”

“We couldn't be more excited to combine our trusted EY experience with Halo's proven future-forward approach, to deliver agile teams and uncompromising solutions to help the government and public sector chart the course forward," Tisdale added.

Halo practices the application of ‘systems thinking’ in its consulting engagements – a holistic perspective that incorporated how narrower projects fit into an organization’s larger context. The approach looks beyond silos to understand how projects impact and interrelate with other parts of the organization – both in the present and future.

The transaction adds 14 professionals to the EY public sector team, including Harris. Commenting on the deal, Harris said, "EY has deep knowledge of the government and public sector here in Canada, drawing on a wide net of experience around the globe. Together, we'll work tirelessly with clients, looking at the big picture of the world around them, to achieve real and enduring results."

In other EY M&A news, the company acquired Montreal accounting and consulting firm Nexia Friedman in September. The high-net-worth individual (HNWI), family, and private business advisory specialist was rolled into EY’s Private Client Services practice.

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Syntax closes FIT deal, welcomes Quebec Minister of Economy and Innovation

19 March 2019 Consulting.ca

IT consulting and services firm Syntax Systems recently welcomed Pierre Fitzgibbon, Quebec Minister of Economy and Innovation, to its Montreal headquarters. At a joint press conference, the firm announced the completion of its acquisition of Germany-based SAP cloud specialist Freudenberg IT (FIT).

In January, Syntax – a portfolio company of Montreal-based private equity firm Novacap – announced a double acquisition of cloud ERP consulting firms EmeraldCube Solutions and FIT. EmeraldCube’s specialization lies in Oracle’s JD Edwards software, as well as Amazon Web Services, while FIT is a leading SAP partner. Novacap provided equity financing for the deals.

The acquisition of FIT augmented Syntax’s core offering in Oracle strategy and implementation with SAP software expertise, while extending the firm’s footprint into Europe, Latin America, and Asia-Pacific, as well as adding 850 employees. The EmeraldCube deal boosted the firm’s capabilities and presence in the US, adding to Syntax’s offices in New York City and Somerset, New Jersey.

Syntax closes FIT deal, welcomes Quebec Minister of Economy and Innovation

At a joint press conference attended by Quebec’s Minister of Economy and Innovation, Syntax announced the strategic acquisition is now official, after a six-week period of customary approvals.

"I am very proud of what our company has become. Thanks to these deals, Syntax can deploy its expertise in many new markets, such as Asia, Europe and Latin America, as well as reinforce its North American presence. Syntax will keep its head office in Quebec and wants to inspire other companies to conquer international markets. We look to the future with great confidence, because FIT and EmeraldCube Solutions share our values of customer success and excellence. We are now a major player in the industry," Christian Primeau, CEO of Syntax, said.

The FIT acquisition gives Syntax offices  in Germany, the US, China, Hungary, Slovakia, and Mexico. It also adds a strong client base in the automotive and manufacturing sectors, as well as a deep partner relationship with German ERP giant SAP.

“Quebec and its metropolis are locations that favour the development of information and communications technology as well as companies that are active in this cutting-edge sector. Syntax is demonstrating this by acquiring two international companies and continuing its growth," Minister Pierre Fitzgibbon said at the press conference. 

“This is a great example of a Quebec company that is distinguishing itself internationally and promoting our expertise throughout the world. I am delighted by this announcement, for Syntax and for Quebec as a whole," he added.