Colorado-based Richey May acquires two IT consultancies
Denver area-headquartered accounting and consulting firm Richey May has acquired two IT consultancies – Arrow Partnership and Corporate Blue – to bolster its recently launched technology division. Arrow Partnership provides a range of management and IT consulting services, while Corporate Blue specializes in cybersecurity and managed IT services.
Founded in 1985, Richey May provides assurance, tax, and business consulting services to primarily financial services and real estate clients in the Greater Denver Area, and in the wider US. The firm is headquartered in the Denver suburb of Englewood, CO, with additional offices in Matthews, NC, and in the Cayman Islands.
Within its business consulting division, the firm offers advisory support in mergers and acquisitions, operations, and finances. Richey May also offers a raft of technology consulting services, including IT management, cybersecurity, risk and compliance, cloud transformations, marketing tech, and managed IT services.
The fast-growing accounting and consulting firm has now expanded its existing technology services capabilities with the acquisition of two IT consultancies. The transaction will see Denver-based Arrow Partnership and SoCal-based Corporate Blue join the firm’s recently launched Richey May Technology Solutions division.
Founded in 2003, Arrow Partnership is a nationwide provider of management and IT consulting services, with deep skills in tech management, risk and compliance, security consulting, and digital marketing. Arrow’s managing partner Chan Pollock will become executive director of Richey May’s technology practice, while senior practice leader Garry Woods will head the acquiring firm’s governance, risk, and controls practice.
“I’m thrilled to be joining Richey May and have been extremely impressed with their capabilities and dedication to helping business leaders run more efficient, profitable and secure businesses,” said Pollock. “I look forward to leading the firm’s technology management consulting practice and working directly with clients to ensure they receive the highest level of expertise.”
Corporate Blue, meanwhile, provides increasingly in-demand cybersecurity services – an issue which is increasingly top-of-mind among business executives. In addition to broad IT security and cloud security offerings, the company also provides virtual chief information security officer services, as well as managed IT services. Corporate Blue CEO Mike Wiley will join Richey May as a director in the cybersecurity practice.
“In this day and age, strategic IT decisions are a cornerstone of any company’s financial health and potential for growth,” said Wylie. “I am delighted to join Richey May, a company firmly committed to helping companies leverage technology wisely to achieve their goals.”
In an era where companies are increasingly looking to digital transformations to keep up with their competitors – while seeking to secure their digitalizations – it makes plenty of sense that consultancies are beefing up their technological capabilities. With big money to be made in the digital consulting arena, the Big Four firms are shifting more resources to consulting (especially digital), with consulting revenues threatening to supersede the traditional audit and tax functions. Smaller firms are likewise following where the money and prevailing business trends lead them.
“As the demand for strategic IT planning and compliance intensifies, these acquisitions will ensure we are able to meet the needs of our clients for years to come,” commented Ken Richey, founding partner of Richey May.
