Investcorp buys leading US data analytics firm
Manama, Bahrain - Investcorp, a leading global provider and manager of alternative investment products, on Monday announced that one of its affiliates has acquired a majority ownership position in KSM Consulting (KSMC), a leading consulting firm specialising in data analytics, technology and digital transformation, from Renovus Capital Partners, which will continue to maintain a minority stake in KSMC. Terms of the transaction were not disclosed.
Founded in 2008 and headquartered in Indianapolis, KSMC delivers smart, custom solutions to the most complex challenges of more than 700 private and public sector organisations.
This is done by leveraging deep expertise in data analytics, technology and digital transformation, according to a press release.
The firm draws on its experienced and highly skilled employee base of engineers, mathematicians, data analysts, and business professionals to craft innovative solutions, modernise business processes and drive performance improvements.
KSMC is led by CEO Mark Caswell and president John Roach, who will continue to lead the firm as it grows.
KSMC has delivered consistent double-digit growth by providing exceptional services that solve mission-critical challenges, like accelerating ideal-fit company mergers and acquisitions through consolidated data reporting and technology integration. In the past three years, KSMC has grown at a compound annual growth rate (CAGR) in excess of 40 per cent, pro forma for acquisitions.
Investcorp’s partnership with KSMC will focus on continuing the firm’s organic growth, expanding geographically across the United States and broadening KSMC’s service offerings into strategic adjacencies.
This will include seeking to complete strategic, value-creating add-on acquisitions, building upon KSMC’s recent acquisitions of Colorado-based Tempus Nova, Ohio-based Advocate Solutions, and Indianapolis-based Connect Think.
Tarek al Mahjoub, head of UAE and Oman for Investcorp’s Private Wealth, said, “The past year highlighted the importance of embracing technology for all organisations, regardless of size, sector or industry. We believe that in addition to the industry’s attractive secular tailwinds, KSMC’s people, values and culture set the firm apart in a highly fragmented market, and we are excited to be partnering with them.”