Accenture (NYSE: ACN) has entered into an agreement to acquire Anser Advisory, a Santa Ana, California-based advisory and management company for infrastructure projects in the United States.
The amount of the deal was not disclosed. Completion of the acquisition is subject to customary closing conditions, including required antitrust clearances.
The acquisition will enhance Accenture’s ability to help companies and state and local public sector organizations complete large, long-term infrastructure projects more predictably and efficiently – projects that support growth for clients and have a positive impact on communities. The move will expand Accenture’s capital project capabilities, moving the company into an adjacent business with an estimated $88 billion of addressable market in North America.
Founded in 1996, and led by Bryan Carruthers, CEO, Anser provides advisory, compliance and management services. Owners of capital projects engage the company to advise them on how to structure, estimate and plan projects, to monitor the work being done, and to assist them in managing and executing all phases of projects. Increasingly, clients are engaging Anser Advisory to help advance decarbonization and clean energy projects in sectors including energy transmission, distribution and storage, sustainability programs and fleet electrification.
Anser Advisory has approximately 1,200 employees across 13 states. Accenture will acquire the Anser Advisory brand with its approximately 920 employees working on private sector and state and local public projects. Markon Solutions, a 280-people Anser Advisory subsidiary working with US federal clients, will be retained by Sterling Investment Partners and Markon Solutions management.
FinSMEs
23/06/2023