Addison Group Expands Professional Service Offering with the Acquisition of Bridgepoint Consulting
Addition of Bridgepoint Consulting Delivers Joint Expertise with Management Consulting in Existing Markets
CHICAGO – November 20, 2017 – 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.
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.
About Addison Group
Addison Group is a leading provider of professional staffing and permanent placement services for Information Technology, Finance & Accounting, Executive Search, Healthcare, HR & Administrative, and Engineering. Addison’s strengths are its strong management and executive teams, a relationship‐focused selling strategy, a history with clients of delivering the right candidate at the right time, and a loyal candidate base. With 22 offices in cities across the United States, Addison Group offers a national reach with a localized touch.
Since Addison’s first full year of operations the company has grown significantly. As a result, Addison was recognized by Crain’s Chicago Business in 2007, 2008, 2009, and 2013 as one of the fastest growing Chicago‐based companies and by the Staffing Industry Report as one of the fastest growing staffing firms for 2006, 2007, 2008, 2009, 2015, and 2016. In addition to these accolades, Addison Group has consistently been recognized by publications like the Chicago Tribune and Houston Chronicle as a Top Workplace. Based solely on client and candidate feedback, Addison has made the Inavero’s Best of Staffing List for the past seven years. Addison Group was ranked #19 out of 250 on Forbes’ Best Professional Recruiting Firms in 2017, a list compiled through Forbes’ independent search in conjunction with analytics firm Statista.
About Bridgepoint Consulting
Bridgepoint Consulting is a leading management consulting firm that helps companies throughout their business lifecycle. Offering a broad range of finance, technology and risk/compliance services, Bridgepoint supports clients from the startup phase all the way to IPO readiness and beyond. Since 1999, Bridgepoint has been helping executives and management teams reduce their business and operational risks, bridge resource gaps and improve overall performance. Whether an organization needs interim expertise to improve infrastructure and processes, or strategic management of a major transition or transaction, Bridgepoint’s team of industry leaders is able to provide the critical support needed to ensure success.