Resources Connection, Inc. to acquire Reference Point LLC to expand financial services consulting
Mar 28, 2024•over 1 year ago
Acquiring Company
Resources Connection
Acquired Company
Reference Point
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.
M&A Insights
Based on deal dataIntegration 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