Sia Partners bolsters North American banking arm with GMG acquisition

30 April 2019 2 min. read

Management and technology consultancy Sia Partners has boosted its financial services sector in North America with the acquisition of New York–based management consultancy Gartland & Mellina Group (GMG).

Founded 10 years ago, GMG provides a range of solutions to financial services industry clients, with offerings including strategy, business optimization, IT, M&A, compliance, and human capital. The consulting firm has 110 employees across offices in New York, Chicago, Baltimore, and Toronto.

The boutique firm has now been acquired by France-based Sia Partners, currently on a strong expansion path in North America. The firm, which marries management consulting skills with artificial intelligence techniques in what it calls a “Consulting 4.0” approach, acquired business consultancy Loft9 last month, adding 70 consultants and offices in Denver and Seattle.

Sia Partners’ North American expansion, which began in 2012, has been largely based on strategic acquisitions, including the purchase of the New York branch of OTC Conseil Group, as well as the acquisition of consulting firm Molten Group.

Sia Partners bolsters North American banking arm with GMG acquisition

The GMG move gives Sia a North American office footprint that includes New York, Boston, Chicago, Baltimore, Charlotte, Houston, Denver, Seattle, Toronto, and Montreal. The transaction brings the consultancy’s North American headcount to 400. Sia has a stated goal of reaching an employee base of 500 consultants in the US by 2020.

The move significantly strengthens Sia’s financial services sector offering, particularly expanding its New York City outpost, which has a strong focus on banking clients. “This transaction establishes Sia Partners as a leading consulting player in the US banking market with a flagship New York practice and 220 expert consultants,” Matthieu Courtecuisse, founder and CEO of Sia Partners, said. “It also strengthens our global banking practice, now with more than 450 consultants advising half of the Global Systemically Important Banks.”

GMG’s managing partners – John Gustav, Eric Blackman, Bharat Sawhney, and Kavita Nar – will join Sia Partners’ US management team, led by US CEO Dan Connor. GMG chairman and CEO Robert Gartland will take on the role of senior adviser over the coming transition period.

“This combination of two pure consulting players with a strong financial institutions focus is a natural one, as GMG’s client portfolio and team expertise seamlessly complement Sia Partners’ existing capabilities in the US. GMG will help Sia Partners achieve its goal of over 500 consultants in the US in less than three years,” Connor said.