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Resources Connection, Inc. to acquire Reference Point LLC to expand financial services consulting

Mar 28, 2024over 1 year ago

Acquiring Company

Resources Connection

Acquired Company

Reference Point

DallasNew YorkConsultingFinancial Services

Description

Resources Connection, Inc. (RGP), a global consulting firm, has entered into a definitive agreement to acquire Reference Point LLC, a strategy, management, and technology consulting firm serving the financial services sector. This acquisition is expected to expand RGP’s portfolio of high-value advisory services for its financial services clients and accelerate the growth of the firm’s financial services and overall consulting business. The transaction is subject to customary closing conditions and is expected to close by early summer 2024.

Company Information

Company

Resources Connection

Location

Dallas, Texas, United States

About

Resources Connection, Inc. (RGP) is a global consulting firm focused on project execution services that power clients’ operational needs and change initiatives utilizing on-demand, expert and diverse talent. As a next-generation human capital partner, RGP specializes in co-delivery of enterprise initiatives typically precipitated by business transformation, strategic transactions or regulatory change. RGP was named among Forbes’ World’s Best Management Consulting Firms for 2023.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed