Resultant acquires M&A consultancy Liberty Advisor Group

Resultant, an Indianapolis-headquartered management and technology consulting firm, has acquired Liberty Advisor Group, a Chicago-based mergers and acquisitions (M&A) consulting firm.

Founded in 2008, Liberty works with private equity and corporate clients across the deal lifecycle, including due diligence, post-close value creation, go-to-market advisory, and portfolio cybersecurity.

The boutique firm has approximately 30 professionals.

“We are thrilled to welcome Liberty’s outstanding team of seasoned consultants and operators as we continue to ensure we are delivering best-in-class solutions and services to our clients,” said Greg Layok, Resultant CEO. “The addition deepens our expertise in M&A transaction services and portfolio management, particularly for private equity clients who require trusted advisors throughout the entire investment lifecycle.”

The combined firm will support private equity firms across areas including validated due diligence, accelerated post-close integration, quantifiable value creation, and portfolio-wide risk management.

The acquisition is Resultant’s fifth bolt-on, following deals for Teknion Data Solutions in 2022, Tempus Nova in 2021, Advocate Solutions in 2020, and Connect Think in 2019. 

Resultant was formed in 2008 as the consulting division of Indianapolis accountancy KSM. Renovus Capital Partners bought the division in 2019 and then sold it to Investcorp, a Bahrain-based private equity firm, in 2021.

Resultant has approximately 350 professionals across offices in Indianapolis, Dallas, and Chicago. The firm provides services in strategy and planning, advanced data analytics, application development, cloud and network solutions, and managed services to government and private sector clients.