Genpact acquires supply chain firm Barkawi Management Consultants

17 August 2018 Consulting.us

Digital transformation consultancy Genpact has purchased supply chain-focused firm Barkawi Management Consultants. The deal upgrades Genpact’s ability to provide innovative solutions to clients in the areas of supply chain strategy, operations, and digitalization.

Barkawi Management Consultants is a global management consultancy focusing on supply chain improvements. The firm supports clients in the areas of supply chain strategy, demand and supply planning, distribution strategy, and design. The firm also helps clients improve after sales strategies – including warranty and repair management and failure forecasting. Barkawi also partners with supply chain technology providers to enhance clients’ digital capabilities.

The firm’s clients include multinational blue chip firms in industries ranging from consumer packaged goods to manufacturing to aerospace. Founded in 1994, the firm employs over 200 professionals across offices in Munich (its headquarters), Vienna, Atlanta, Moscow, and Shanghai. The consultancy is a subsidiary of Barkawi Group.

The supply chain specialist has now been acquired by management and technology consulting giant Genpact – formerly the business processes services branch of General Electric. After becoming an independent firm in 2005, New York-based Genpact has grown to employ 80,000 people across over 20 countries (with large bases in India and the US), and had revenues of $2.74 billion in 2017.

Genpact buys Barkawi Management Consultants

Genpact has been investing in supply chain services, including digital supply chain analytics, to support clients in consumer packaged goods, industrial manufacturing, and high-tech. The addition of Barkawi Management Consultants, with their leading supply chain consulting experience and technology services, bolsters Genpact’s capabilities in the area.

"Supply chain management is incredibly strategic to our clients since it directly impacts their competitive differentiation, revenue, and operating margins. This is a key area where we're investing," commented Shantanu Ghosh, business leader, Enterprise Services, Genpact. "With Barkawi Management Consultants, we will be adding market-leading supply chain strategy and technology consulting capabilities, as well as terrific talent to our existing domain expertise, digital investments, and managed services base.

“We have already seen the power of this complementary and unique combination drive significant value by enabling an end-to-end scalable transformation proposition in client engagements where we have recently partnered with the firm."

Barkawi North America President Mike Landry will lead the integrated Genpact supply chain business from Barkawi’s office in Atlanta, GA. Meanwhile, founders Karim and Carena Barkawi will focus on the remaining portfolio firms of Barkawi Group, including tech startups ClearOps, Teqport, and Servify.

“This transaction is a great fit for our consulting entity, given Genpact's strong domain expertise, focus on innovation, digital and analytics capabilities, and global scale," remarked Karim Barkawi. "Barkawi Management Consultants clients and Genpact clients will have a much stronger, unified partner to help them achieve transformative results in their supply chain management operations."

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OneDigital buys Northwestern Benefit in company's largest acquisition yet

11 April 2019 Consulting.us

Human resources and benefits consultancy OneDigital Health and Benefits has acquired Northwestern Benefit, the largest privately held benefits broker in Georgia.

Atlanta-based OneDigital has carried out an aggressive acquisition strategy in past years, completing 28 deals in 2018, as well as five in 2019 thus far. Its recent acquisitions have included consulting firms Paradigm Group, Cherry Creek Benefits, and Veritas Risk Services. OneDigital’s rapid expansion last year boosted annual revenue by $100 million in 2018, reaching $400 million.

OneDigital’s core offerings include strategic benefit advisory services, analytics, compliance support, human resources management technology, and insurance broking. The firm has more than 80 offices in the United States.

The consulting firm has continued its accelerated growth strategy with the purchase of benefits and HR consultancy Northwestern Benefit, which is also based in Atlanta. “This represents an exciting milestone for OneDigital, where our largest acquisition to date is also located right here in our home state of Georgia,” Adam Bruckman, CEO of OneDigital, said. “Northwestern lets us compete in the Atlanta benefits marketplace in an entirely new way.”OneDigital buys Northwestern Benefit in company's largest acquisition yetThe acquired firm was founded in 1996, and provides benefits, HR, compliance, wellness, education, and workforce planning advisory services to clients in George and across the US. Northwestern Benefit’s 150 employees will join OneDigital, bringing the firm’s headcount to over 1,600 employees, and its employer client count to approximately 50,000.

OneDigital’s chief growth officer, Mike Sullivan, highlighted Northwestern’s excellent sales culture and client service models as factors in the deal, while noting that the deal will significantly expand the firm’s middle market scale and capabilities. Sullivan expects more deals on the horizon, as OneDigital seeks to scale up further. “We expect north of 25 acquisitions again this year to bring us over the $500 million revenue threshold,” he said.

David Asbury, CEO of Northwestern Benefit, will join OneDigital as a senior managing principal. “As the benefits space continued to consolidate and we considered acquirers, it was incredibly important to me to find the right partner,” he said. “With OneDigital’s scale, reach and long-term vision, we knew our organizations would fit together and be stronger together right off the bat.”

As employment levels remain at record highs, employers are increasingly turning to effective and comprehensive benefits packages in order to attract and retain a dwindling pool of talent. HR and benefits firms help employers strategize the ideal benefits and compensation packages to get the talent they need, while doing so in the most cost-effective manner. “In a rapidly changing economy, an employer’s ability to attract and retain talent is often directly tied to the benefits they can provide, and OneDigital ensures we’re supplying our clients with the most robust health, wealth, and HR advisory services,” Bruckman said.