Addison Group Expands Professional Service Offering via Strategic Partnership
Addison Group, a leading professional services firm, announced today the acquisition of Bridgepoint Consulting, a Texas-based management consulting firm that delivers a broad range of financial operations, risk/compliance and technology services to support companies throughout their business lifecycle.
“We look forward to working with the Addison team to build new synergies while enhancing our ability to deliver high-value services for our clients. This also provides many career opportunities for our team that will allow them to continue growing professionally.”
The acquisition strengthens Addison Group’s presence in several high-growth Texas markets, anchored by a tenured leadership team with deep industry expertise and business relationships. The transaction is aligned with Addison’s strategy to broaden its national service footprint through organic growth and acquisition of high-growth, high-margin firms with strong client relationships and complementary service offerings. Bridgepoint’s niche expertise augments the consulting arm of Addison Group’s business, providing the opportunity for continued expansion of its service offerings. This is Addison Group’s second acquisition in the past six months and solidifies the organization’s status as a leader in the human capital market.
“We saw a clear opportunity to leverage Addison Group’s high-caliber team, proven performance, and industry-leading growth with a well-established firm offering a full suite of management consulting services and similar growth strategy,” said Thomas Moran, CEO of Addison Group. “The alignment between our two firms, both operationally as well as culturally, provides a unique platform for exceptional delivery. Our combined services, consisting of high level management consulting as well as a broad variety of human capital services, gives customers access to a wider range of service options to help achieve business goals.”
“This exciting partnership provides Bridgepoint the incredible opportunity to leverage Addison’s national presence to accelerate our growth strategy and extend our services,” said Bob Smith, Co-Founder and Principal of Bridgepoint Consulting. “We look forward to working with the Addison team to build new synergies while enhancing our ability to deliver high-value services for our clients. This also provides many career opportunities for our team that will allow them to continue growing professionally.”
Bridgepoint has a team of 140 finance, technology and risk professionals that provide expertise and support to companies in transition, including those experiencing high-growth, meeting compliance objectives, or transforming their technology infrastructure.
Bridgepoint Consulting will continue to maintain its headquarters in Austin, Texas. The company’s Principals and team will retain their roles within the expanded organization.
G2 Capital Advisors, an investment banking firm based in Boston, served as investment advisor for Bridgepoint Consulting.