Tag: Buyout

Accenture to Gain From Myrtle Consulting Buyout: Here’s How

Accenture plc ACN yesterday announced that it has inked a deal to acquire Myrtle Consulting Group, an industrial operations consulting firm. The deal closure is subject to customary closing conditions. Financial terms of the deal have been kept under wraps.

Headquartered in Houston, TX, Myrtle specializes in optimizing clients’ production, supply-chain operations, sourcing and execution. The company is also equipped with change management methodology, organization design and implementation, leadership development, and frontline coaching services.

Edwin Bosso, CEO and founder of Myrtle, will be joining Accenture as managing director. Employees of Myrtle will join Accenture Industry X.

Over the past six months, shares of Accenture have gained 28.3% compared with 26.6% rise of the industry it belongs to and 24.1% growth of the Zacks S&P 500 composite.

 

How Will Accenture Benefit?

The buyout will help Accenture boost its manufacturing and supply-chain capabilities. It is likely to enhance Accenture’s potential to transform

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Tetra Tech Enhances Analytics Business With BlueWater Buyout

Tetra Tech, Inc. TTEK recently announced that it has completed the acquisition of information technology systems and services company, BlueWater Federal Solutions, Inc. Financial terms of the deal were kept under wraps.

Tetra Tech’s shares were up 0.4% yesterday to close at $94.97.

Inside the Headlines

Chantilly, VA-based BlueWater is engaged in offering Enterprise IT solutions, engineering, cybersecurity and applications development solutions. The company, which employs in excess of 350 employees, has a strong customer base across the U.S. federal sector, which includes the likes of Department of Defense and Department of Energy.

Apart from enhancing its customer reach, the buyout will enable Tetra Tech to strengthen its advanced analytics business. In fact, BlueWater’s comprehensive offerings of IT solutions and services will help Tetra Tech in boosting its capabilities in cybersecurity solutions, artificial intelligence and mission-critical services for its federal clients.

BlueWater will be part of the company’s Government Services

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