Accenture has acquired The Beacon Group, a growth strategy consulting firm based in Portland, ME.
Founded in 2001, Beacon’s team of more than 60 experts deliver consulting in growth strategy, market modeling, and M&A to large companies in aerospace, healthcare, life sciences, industrial, and technology.
The firm’s strategy practice focuses on new growth initiatives, including the introduction of new services, products, technologies, and business models. Beacon’s market modeling practice leverages data and insights across 400 market segments and 16 geographies and 15 vertical markets to build custom market forecasts. Finally, the firm’s M&A practice helps corporate and private equity clients build acquisition roadmaps, identify targets, and complete target and market due diligence.
Accenture will roll the Beacon team into its Accenture Strategy division, which includes offerings in cost-centered transformation, intelligent operating models, and M&A.
“Today’s disruptive market environment is fundamentally challenging companies and changing the way they operate. Business leaders must be able to understand, and quickly act on, new or existing pathways that will drive profitability,” said Chris Roark, North America lead of Accenture Strategy. “The addition of Beacon’s senior talent, growth framework and market modeling platform will expand our capabilities that help our clients see around disruptive corners, embrace change and shape their business strategies to deliver and sustain value to all stakeholders.”
The move follows on the heels of Accenture’s acquisition of Inspirage, a Bellevue, WA-based supply chain IT consulting firm specializing in Oracle technology.
Cliff Farrah, president and CEO of Beacon, added, "We have spent the last 20 years evolving our services through varied economic cycles to reflect the growth strategy needs of our clients. Now, we look forward to bringing the best of our expertise to Accenture Strategy and offering clients deep industry knowledge, and a full suite of growth strategy capabilities that enable 360° value creation.”
The management and technology consulting firm earlier this year named Jack Azagury head of its $15-billion strategy and consulting business, which encompasses industry, enterprise functions, applied intelligence, innovation, and corporate strategy practices.
Sourced from Consulting.us