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The professionalservices firm is said to be in discussions with potential buyers and is working with advisers from Rothschild to evaluate its options. Any potential deal would allow Grant Thorntons audit division to remain majority-owned by its partners, ensuring regulatory compliance and independence.
The post Blackstone Energy Transition Partners Announces Majority Investment in Westwood ProfessionalServices, Inc., Leading Engineering & Consulting Firm appeared first on Blackstone.
One area that is getting overlooked is professionalservices -- otherwise known as consulting. Global IT professionalservices firm Accenture (NYSE: ACN) is quietly emerging as an important component of AI roadmaps. As such, Accenture has an opportunity to broaden its services depending on a client's AI use cases.
Other key investments include Westwood ProfessionalServices, an engineering consultancy; Trystar, a backup power management provider; Lancium, a developer securing long-term grid access for data centers; and Potomac Energy Center, a 774-megawatt natural gas and hydrogen-ready power plant.
Evelyn Partners will now transition into a pure-play wealth manager, shedding its accounting and professionalservices operations. While Bridgepoint also pursued the acquisition, it ultimately made a lower bid than Apax, according to the reports.
An affiliate of HIG Capital, a global alternative investment firm with $60bn of capital under management, is to acquire the payroll and professionalservices business of Alight, in a deal worth up to $1.2bn. The business to be acquired encompasses technology-enabled payroll, human capital management and professionalservices.
Private equity firm Cinven is to make a majority investment in Grant Thornton UK, one of the leading diversified professionalservices firms offering audit, tax, and advisory services in the UK, with the firm’s UK Partners retaining a significant holding in the business.
For this reason, my company developed a professionalservices team that worked alongside clients, helping them integrate and scale our software as needed. Should you follow Griffin's lead and buy Accenture stock?
Take the financials with a grain of salt Broadly speaking, software companies generate revenue from two sources: sales from licenses to their platform (that is, software) and professionalservices. Professionalservices revenue tends to be nonrecurring and carries low margins.
As you recall, we ran a few successful pilots earlier this year, demonstrating that AI tooling combined with professionalservices and our relational migrator product can significantly reduce the time, cost, and risk of migrating legacy applications onto MongoDB. Any way to kind of think about quantification and timing of that?
CrowdStrike generates revenue from two sources: software subscriptions and professionalservices. Software subscriptions are considered recurring revenue, while professionalservices are categorized as nonrecurring revenue.
The firm invests across a range of industries but has a specific focus on technology-based industrial companies, healthcare, and business-to-business professionalservices. 2025 Private Equity Professional | February 11, 2025 Astorg invests in U.S. Cascadia Capital served as the financial advisor to Sokol on this transaction.
The report cites data from professionalservices company Aon as revealing that Lloyds introduced the investment scheme in 2021 to capitalise on the growing market for insurance-linked securities (ILS), which reached $113bn in 2024.
RMA is a provider of professionalservices in environmental consulting, geosciences, and materials testing and inspection for critical public and private infrastructure assets. The post OceanSound Partners-backed RMA acquires Rone Engineering appeared first on PE Hub.
Kleinfelder is an engineering, design, construction management, construction materials inspection and testing and environmental professionalservices firm. The post Wind Point-backed Kleinfelder Group acquires civil engineering firm Doucet & Associates appeared first on PE Hub.
Professionalservices revenue was $29.9 As previously noted, services revenue can be volatile from quarter to quarter, and a few large projects can influence performance. Our professionalservices continues to be a strategic offering, focusing on driving customer success and enabling partners. million in 2023.
The seller was WSP Global, a Montreal-based professionalservices company. The post Kingswood-backed Versar buys logistics services provider LBS appeared first on PE Hub.
RMA is a provider of professionalservices in environmental consulting, geosciences, and materials testing and inspection for critical public and private infrastructure assets. The post OceanSound-backed RMA Companies scoops up geotechnical services firm A3GEO appeared first on PE Hub.
Recent investments from the firm’s Special Situations strategy include AQ Compute, a European provider of green, flexible, and modular data centre and colocation services powered by renewable energy; Tyger Capital, a lender seeking to empower entrepreneurs, borrowers, and homeowners in India; MRO Holdings, a leading provider of aircraft maintenance (..)
Most recently, Swayne was a managing director at Partners Group, where he led deals in the professionalservices sector. The post New State Capital Partners taps Swayne as senior principal appeared first on PE Hub.
The business provides professionalservices to 386 pension schemes with total scheme assets of £324bn. Today, IGG employs more than 200 people and its focus on an integrated approach with clients has won it 13 industry awards over the last three years.
US private equity dealmakers are preparing for a year of heightened merger and acquisition (M&A) activity despite significant macroeconomic and geopolitical uncertainties, according to the 2025 Deal and Business Risk Management Survey by professionalservice firm Aon.
What happened Storied professionalservices company Accenture (NYSE: ACN) is leaping into a cutting-edge segment of the tech world, and investors were happy about the development. On Thursday, following news of its investment in a virtual reality (VR)-powered business, the market sent Accenture's share price nearly 3% higher.
The post Citrin Cooperman, a Leading ProfessionalServices Firm, to Receive Significant Investment as Blackstone Acquires Stake from New Mountain Capital appeared first on Blackstone.
RMA is a provider of professionalservices in environmental consulting, geosciences, and materials testing and inspection for critical public and private infrastructure assets. The post OceanSound-backed RMA Companies acquires testing services provider Big Apple Group appeared first on PE Hub.
Cloudflare is aiming to make the process of migrating from a competitor to its own services much easier. While Cloudflare has around 168,000 paying customers, more than 60% of its revenue comes from the 2,156 customers that spend more than $100,000 annually.
Professional liability insurance Also called errors and omissions (E&O) insurance, professional liability coverage protects service-based businesses from claims of negligence, errors, or omissions that occur in the course of providing professionalservices.
At the end of June, professionalservices was its largest industry concentration, at 7.8% At the end of June, just three of this BDC's portfolio companies, representing 1.5% of the portfolio at cost, were on nonaccrual status. of the portfolio.
But if you're a freelancer, independent professionalservices consultant, or solopreneur, Quicken Simplifi might be everything you need to sort out your small business taxes and your everyday personal finances. Quicken Simplifi gave me everything I loved about Mint, and it only costs $3.99
The consulting and professionalservices company said in its recently closed fiscal year that generative AI demand drove $3 billion in bookings, and $1 billion of that came in the most recent quarter. This can be particularly big for Nvidia because it expands the reach of this AI powerhouse even further.
Beyond Technologies is a Montreal-based professionalservices company specializing in SAP solution integration and business performance optimization. The post Novacap-backed Syntax Systems to buy Beyond Technologies appeared first on PE Hub.
million, largely driven by demand for agreements services and international growth. Despite this growth, DocuSign's professionalservices saw a slight negative margin impact, pointing to ongoing market challenges. Subscription revenue reached $757.8 million, a 9% increase from last year's $695.7
of its investment portfolio), healthcare (12.5%), financial services (11.4%), and commercial and professionalservices (10.2%). The company also spreads its investments across industries, including software (22.6%
Similarly, the injury liability coverage of your homeowners policy probably won't apply if someone is injured in your home gym while you're offering professionalservices. Commercial property insurance can ensure you aren't out of luck if the worst happens to your equipment.
The rest of its revenue comes from its subscription services, hardware devices, and professionalservices. It generates over 80% of its revenue from its financial technology solutions business, which mainly consists of the payment processing fees from its point-of-sale (POS) systems. Why did the bulls give up on Toast?
Even if everything is newer, have a professionalservice everything as soon as possible to head off any potential issues. The takeaway Ask your inspector (and the sellers if possible) about the exact age of all of the appliances, including the HVAC and water heater.
The enterprise software specialist generates most of its revenue from subscription-based software, but it also has a smaller support services business. million in the third quarter, while professionalservices revenue was roughly flat at $13.4 million in the period after having posted a cash outflow of $4.6
In other words, general liability insurance is what you'll rely on in the case that someone is injured in your home gym while you're offering professionalservices.
BigBear allows a variety of organizations to offer better services to their customers and minimize unnecessary expenses. It also provides professionalservices to support the implementation and maintenance of its solutions. Healthcare providers use the software to optimize facility workflows and care delivery settings.
The company's Create Solutions segment, which covers subscriptions, support, and professionalservices, accounted for a bit more than half of total revenue in 2022. These growth rates are on a pro forma basis to account for the acquisition of ironSource. Unity relies on subscription fees for a big chunk of its revenue.
In addition, BETP has also invested in Lancium, a developer providing long term contracted electrical grid access to large scale data centres, and Potomac Energy Center, a 774-megawatt natural gas and hydrogen-ready power plant.
Clear communication is really the bare minimum when you're hiring for any professionalservice. Clear and reliable communication If a moving company can't be bothered to respond to a voicemail or contact form email when you inquire about an estimate, don't hire that company.
Salesforce also derives a small portion of revenue from professionalservices, including advisory and training services. The chart below shows its fiscal third-quarter revenue growth across all five of its subscription software segments, which constitute the vast majority of its total revenue. Chart by author.
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