Icreon

  • Exclusive Buy-Side Advisor


Icreon
Icreon

a portfolio company of

Incline Equity Partners

has acquired

ChangeCX

ABOUT THE COMPANY:

Icreon (“Icreon” or the “Company”) is an advanced digital transformation and customer experience agency that specializes in serving Fortune 500 companies and mid-market companies and organizations. Founded in 2000 by Himanshu Sareen, Icreon provides a comprehensive suite of digital transformation services, including strategy, product design, and technology engineering capabilities to enable its clients to create value across the customer journey. The Company is headquartered in New York City, with offices in London and New Delhi. Icreon has been a portfolio company of Incline Equity Partners (“Incline”) since 2022.

SITUATION:

Over the last two decades, Icreon has evolved from a cloud and content platform development provider to a full-service digital transformation agency with an extensive digital technology partner network. Following its partnership with Incline, Icreon pursued a strategic plan to scale capabilities and accelerate growth by exploring acquisitions that add expertise across additional industries, service areas, and software platforms.

ENGAGEMENT:

Icreon and Incline engaged G2 Capital Advisors (“G2”) as the exclusive retained buy-side advisor to identify and originate acquisition targets for the Company. G2 works as a trusted advisor and long-term strategic partner in growing our clients’ businesses. We are leveraging our industry-specific experience and breadth of relationships to support Icreon’s M&A strategy.

OUTCOME:

Icreon acquired Plano, TX-based Change CX LLC (“ChangeCX”) in December 2023. ChangeCX is a full-service omnichannel consultancy specializing in digital commerce solutions that allow retailers, consumer goods brands, and brand manufacturers to enable omni-channel commerce, maximize the buying experience, and provide visibility into customers’ purchase behavior, demand forecasting, and inventory management. The acquisition represents a significant expansion of Icreon’s service offerings, enhancing its commerce expertise with composable commerce solutions across platforms like Commercetools, NewStore, Salesforce, and other digital commerce platform providers. “The coming together of Icreon and ChangeCX underscores our commitment to delivering modern and comprehensive digital customer experiences that drive true business impact,” said Himanshu Sareen, Icreon's Founder and CEO. "By combining Icreon’s deep expertise in digital customer experience solutions with ChangeCX’s omnichannel commerce expertise, the combined company will be uniquely positioned to deliver the future of commerce and content experiences across key industries." "Our partnership with Icreon is founded on a common objective to accelerate the Company’s growth through strategic acquisitions that add expertise across new verticals, capabilities, and software platforms as we build out a holistic digital transformation offering," stated Tom Ritchie, Partner at Incline. "The acquisition of ChangeCX aligns perfectly with these goals. G2’s support was instrumental to a successful transaction." “It is rewarding to see two innovative organizations converge,” said Kerri Ford, Managing Director and Head of Technology & Business Services at G2. “And an honor to bring G2’s industry-specific expertise to our engagement with Icreon to support the Company’s growth.”

DEAL TEAM:

SUB-SECTOR

Digital Transformation

MORE LIKE THIS

Exclusive Buy-Side Advisor

Image

a portfolio company of RFE Investment Partners has acquired Bravanti

Exclusive Buy-Side Advisor

4M Building Solutions

a portfolio company of O2 Investment Partners, has acquired Thario Building Services

Exclusive Buy-Side Advisor

4M Building Solutions

a portfolio company of O2 Investment Partners has acquired SG360

Exclusive Buy-Side Advisor

Image

A portfolio company of Berkshire Partners, has acquired All Florida Fire Equipment, Inc.

Exclusive Buy-Side Advisor

Kelvin Group

a portfolio company of Southfield Capital, has acquired Dahms Refrigeration Services, LLC

Exclusive Buy-Side Advisor

TCP Analytical

a portfolio company of SilverMill, LLC and PNC Riverarch Capital Partners has acquired Lifecycle Biotechnologies, LP

Exclusive Buy-Side Advisor

Image

a portfolio company of Gryphon Investors has acquired SuperLube the operating assets of Sysco

Exclusive Buy-Side Advisor

Image

a portfolio company of Frontenac has acquired Summit Eleven

Exclusive Buy-Side Advisor

Icreon

a portfolio company of Incline Equity Partners has acquired ChangeCX

Exclusive Buy-Side Advisor

Kelvin Group

a portfolio company of Southfield Capital has acquired Advanced Examination Services

Connect With Us.

Image
Homepage Contact
Services of Interest