RGP to acquire financial services consultancy Reference Point

02 April 2024 Consulting.us 2 min. read

Resources Connection (RGP), an Irvine, CA-headquartered management consultancy, has agreed to acquire Reference Point, a New York-based financial services industry consulting firm.

Founded in 2002 by former banking executives, Reference Point helps financial services clients manage operational challenges that are unique to the industry. The firm has practices in strategy & management, risk & regulatory compliance, digital & technology and data & analytics.

Reference Point has over 120 employees listed on LinkedIn and offices in New York, Washington, DC, and Charlotte, NC.

RGP’s acquisition of Reference Point will expand the portfolio of advisory services it offers to financial services clients. Reference Point’s management team, headed by managing partner Scott Goeden, will continue to lead the business post-closing.

"The financial services industry constitutes one of the largest shares of U.S. management consulting spend, which is why it was among the first sectors we invested in and has been a top-three sector for us since inception,” said Kate Duchene, CEO of RGP. “We expect this business combination to accelerate our growth in this key vertical as we introduce Reference Point’s higher value advisory solutions to our clients and help Reference Point scale delivery teams with our on-demand talent.”

Clearsight Advisors served as exclusive financial advisor to Reference Point on the deal, which is expected to close by early summer 2024.

“We look forward to joining forces with RGP to expand the breadth of our offerings to existing clients and better serve clients across the global financial services sector through our collective consulting capabilities," said Goeden.

RGP was founded in 1996 as a part of Deloitte US and spun off as a public company in 2000. The firm provides staffing solutions, project execution support, and end-to-end solution delivery in strategy and transformation, finance and accounting, risk and compliance, and technology and digital.

RGP has 3,600 professionals across 38 offices globally and has served 88% of the Fortune 100.