Blog Author

Nicole Kiriakopoulos

E: nicolek@pcecompanies.com

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Industry Trends

RTC Partners Unveils Four Key Investments in Marketing Services Expansion

RTC Partners, a private investment firm, has made strategic investments in fama PR, Intelisent, MarketBridge, and Quarry to bolster its marketing services platform. Specializing in middle-market growth, RTC combines acquisitions and organic growth to build market-leading companies. Focusing on high-growth areas in professional, business, and healthcare services, these investments align with their growth-focused strategy, aiming to enhance value in marketing and sales services.1

Professional Services Organizations Embrace Change and Technology for Growth

In 2023, the professional services sector, impacted by the pandemic, labor shortages, and escalating costs, grew to $6.4 trillion. This expansion brought heightened competition and a push for cost efficiency. Firms increasingly rely on technology to boost productivity and respond to changing client demands. The industry's trajectory is influenced by greater technological integration and a more globally connected economy, offering a mix of challenges and opportunities.2

Looking Ahead for the Consulting Industry

In 2024, the consulting industry is expected to experience significant growth. This surge is driven by businesses needing guidance in rapidly changing markets, with a particular emphasis on advanced technologies like data analytics and generative AI. Additionally, evolving trends such as remote work and corporate sustainability create new opportunities for consulting firms to assist in organizational transformation and modernization.3

Cybersecurity May See Boost in 2024, Thanks To SEC

New SEC regulations require public companies to include detailed cyber risk management information in their annual 10-K reports. Effective recently, these rules necessitate disclosures on threat assessment, protective measures, board involvement in cybersecurity, and potential impacts of cyberattacks. Corporate lawyers and security chiefs are wary, fearing excessive disclosure may invite lawsuits and further hacking. Establishing a materiality framework for cyber incidents is key for companies in reporting significant cybersecurity details.4

Largest Transactions Closed

  • Target
  • Buyer
  • Value($mm)
  • Guidehouse Inc.
  • Bain Capital Private Equity, LP
  • $5,300.00
  • Heritage-Crystal Clean, Inc
  • J.F. Lehman and Company, LLC
  • $1,354.90
  • Avantax, Inc.
  • Aretec Group, Inc.
  • $1,024.70
  • AmWINS Group, Inc.
  • Genstar Capital, LLC; Dragoneer Investment Group, LLC; SkyKnight Capital, L.P.
  • $1,000.00
  • Astadia Inc.
  • Amdocs Limited
  • $75.00
  • Sigma Additive Solutions, Inc.
  • Sigma Additive Solutions, Inc.
  • $26.30
  • Insigniam LLC
  • Elixirr International plc
  • $18.50
  • Krebs Stamos Group LLC
  • SentinelOne, Inc.
  • $14.00
  • TEC, The Employment Company
  • HireQuest, Inc.
  • $9.80
  • Waste Consolidators, Inc.
  • Ally Waste Services, LLC
  • $6.00

Other Financial Buyer Transactions Closed

  • Target
  • Buyer
  • Value($mm)
  • Chartwell Staffing Solutions
  • Partners Personnel - Management Services, LLC
  • n/a
  • Janover LLC
  • Armanino LLP
  • n/a
  • Zirtual Startups LLC
  • PennSpring Capital, LLC
  • n/a
  • TalentKeepers, Inc.
  • Quantum Workplace, Inc.
  • n/a
  • SLS Consulting, LLC
  • SOCOTEC, Inc
  • n/a
  • Square 2 Marketing, Inc.
  • Sales Empowerment Group, LLC
  • n/a
  • Pension Benefits Unlimited, Inc.
  • Prime Pensions, Inc.
  • n/a
  • Velocity Staff, Inc.
  • Veracity Consulting, Inc.
  • n/a
  • Rush Tech Holdings, LLC
  • Rightworks, LLC
  • n/a

Other Strategic Buyer Transactions Closed

  • Target
  • Buyer
  • Value($mm)
  • Saving for College, LLC
  • Principly, Inc.
  • n/a
  • The Gummer Group, LLC
  • Calvetti Ferguson, P.C.
  • n/a
  • Heartland, LLC
  • PPC Investment Partners LP
  • n/a
  • Westar Landscaping
  • Electric Sheep Robotics, Inc.
  • n/a
  • Golden Hive, LLC
  • Job Mobz Inc
  • n/a
  • Display Supply Chain Consultants, LLC
  • Counterpoint Technology Market Research Limited
  • n/a
  • TAY, Inc.
  • TAS Environmental Services, L.P.
  • n/a
  • Mckinley Marketing Partners Inc
  • 24 Seven, Inc.
  • n/a
  • Adivo Associates LLC
  • Herspiegel Consulting LLC
  • n/a
  • 3 Victors Inc.
  • Airline Tariff Publishing Company
  • n/a

 

Source S&P Capital IQ as of 1/18/2024 and PCE Proprietary Data

PCE Transactions

Contacts

Nicole Kiriakopoulos

Chicago Office

224-520-1068 |

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Michael Rosendahl

New York Office

201-444-6280 Ext 1 |

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Joe Anto

New York Office

407-621-2141 |

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Data Assumptions

This report represents transaction activity as mergers & acquisitions, consolidations, restructurings and spin-offs. Targets are defined as U.S. Based companies with either foreign or U.S. based buyers. Transaction information provided is based on closed dates only.

Glossary

EBIT - Earnings Before Interest and Taxes
EBITDA - Earnings Before Interest, Taxes, Depreciation, Amortization
LTM - Last Twelve Months
TEV - Total Enterprise Value

Sources:

  1. 1. Wire, Business. “RTC Partners Announces Four Investments as Foundation for Powerhouse Marketing Services Platform.” Yahoo! Finance, Yahoo!, 13 Nov. 2023.
  2. 2. “5 Ways Professional Services Organizations Changed in 2023.” PNC Insights.
  3. 3. Sheynin, Nicole. “7 Consulting Industry Trends & Outlook for 2024.” AlphaSense, 6 Dec. 2023.
  4. 4. Ernst/REUTERS, Jonathan. “SEC Cyber Rules Loom over Public Companies.” The Wall Street Journal, Dow Jones & Company, 14 Dec. 2023.
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