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Investcorp Acquires A Majority Stake In Crosscountry Consulting, A Leading Business Advisory Firm

Dec 06, 2022•about 3 years ago

Acquiring Company

InvestNet

Acquired Company

CrossCountry Consulting

New YorkSustainabilityInformation TechnologyData And AnalyticsSoftware

Description

Investcorp, a leading global alternative investment firm, today announced its acquisition of a majority stake in CrossCountry Consulting ("CrossCountry," or "the Company"), a leading business advisory firm. In addition, Public Sector Pension Investment Board (PSP Investments) invested, and RLH Equity Partners will continue as an investor. CrossCountry founders, Dave Kay and Erik Linn, continue to be significant shareholders.

Company Information

Company

InvestNet

Location

New York, United States

About

InvestNet, LLC is a private equity and business operations firm that has launched HOLD.co, a division focused on multipreneurship, acquiring, and managing a diverse portfolio of businesses. The company aims to empower General Partners, Limited Partners, entrepreneurs, and business operators to create sustainable success in the business world.

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