Accenture adds Structure to Resources operating group

13 January 2015 Consultancy.uk

Professional services firm Accenture has acquired Structure, a US-based consultancy and systems integrator that specialises in the energy and utility industries. Roughly 190 employees of Structure, based in Texas, will be integrated into Accenture’s Resources operating group. Terms and conditions of the deal have not been disclosed.

Founded in 1998, Structure is a consulting firm focused exclusively on the energy and utility industry, serving clients across a broad range of management, operational and IT topics, from competitive markets and managing risk to reliability and operational changes. Since its inception, the firm has grown steadily to its current team of 190 employees, and its expertise in its field has been recognised with more than a dozen industry awards for growth, advisory services and solutions*.

Accenture adds Structure to Resources operating group

Seventeen years after its launch, Structure has now been picked up by Accenture, with net revenues of $28.6 billion in the last fiscal year one of the giants in the consulting and outsourcing landscape. For Accenture, the acquisition provides a boost to its smart grid solutions, especially grid operations, as well as energy commodity trading and risk management (CTRM). “Bringing together two very similar cultures with deep skills in the utilities and energy industries reinforces our ability to help our clients solve some of the most complex and critical challenges that lie at the heart of the digital transformation,” says Omar Abbosh, Senior Managing Director at Accenture’s Resources operating group. “Structure’s capabilities in grid operations and power systems engineering, combined with Accenture’s global strengths in information technology (IT), will provide our clients with comprehensive end-to-end solutions and services to support the integration of operational technologies with IT systems, forging a path toward a smarter, more digital grid.”

“Joining forces with Accenture will provide our clients and our employees with a unique opportunity to extend our capabilities to offer critical business solutions on a global scale,” comments Lelon Winstead, Managing Partner of Structure.  “We believe Structure’s end-to-end expertise in smart grid, commodities trading and market operations aligns well with Accenture’s grid operations and energy commodities trading businesses.”

Navigating the energy transition

Acquisitions
The purchase of Structure is the second for Accenture in the energy industry within a few months – in August last year it picked up Hytracc Consulting, an oil & gas specialist with 80 employees across six countries, including the U.S. More recently, Accenture bought Reactive Media, an Australia-based digital agency, a move that expanded the firm’s global capabilities in digital, marketing, and execution.

The terms of the transaction have not been disclosed, and the acquisition is subject to regulatory review and other customary closing conditions.

* For example, Structure was named ‘ETRM Software Advisory House of the Year‘ by Energy Risk magazine for two consecutive years, and last year the firm was voted to the list of ‘14 Smart Grid Companies to Watch’ by the readers of Smart Grid News for the third consecutive year.

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SQW Group purchases property-based regeneration consultancy

19 April 2019 Consultancy.uk

UK consulting firm SQW Group has completed its first acquisition since it completed a management buyout in January 2019. BBP Regeneration joins the company having collaborated with SQW for more than 20 years.

Established in 1983, SQW Group now operates all over the world. Comprising SQW, Oxford Innovation, Oxford Innovation Services – one of the UK’s leading innovation centre operators – and Oxford Investment Opportunities Network, the organisation’s origins can be traced to Britain’s two ancient university cities: Oxford, through Oxford Trust founders, Martin and Audrey Wood, and Cambridge, through SQW’s work in producing The Cambridge Phenomenon.

The consultancy specialises in public policy, working with entities from the public, private and voluntary sectors to research, develop, implement and evaluate social and economic development interventions. It now employs over 250 people across regional offices in London, Oxford and Edinburgh, and provides business support to over 4,000 entrepreneurs and small businesses each year. At the start of 2019, SQW secured its independence in a management buyout, advised on by M&A experts from Liberty Corporate Finance and Penningtons Manches.

SQW Group purchases property-based regeneration consultancy

SQW has strengthened its position as a provider of services across the business spectrum with the acquisition of BBP Regeneration. Founded in 1994, the consulting firm specialises in land and property-based regeneration and growth schemes, and is a leading social and economic development consultancy. 

The two firms first worked together over 20 years ago, when SQW and BBP collaborated to develop the first Regional Economic Strategy for the South East. More recently, they developed an economic strategy for Thanet and are now working together in locations stretching from Cwmbran via Oxfordshire to London.

With the addition of BBP, SQW can now provide an integrated advisory service for organisations developing property schemes which deliver economic benefit to their local area. By joining SQW, meanwhile, BBP hopes to further enhance its ability to support clients in delivering property and place-making ambitions. 

Speaking about the deal, SQW CEO David Crichton-Miller commented, “The UK more than ever needs solutions to the challenges of places – of high streets under threat, of meeting housing delivery targets, and of both economically over-successful and economically challenged towns and cities – and the combination of SQW and BBP is uniquely suited to developing those solutions. [This deal] brings together critical and complementary services relating to places to serve our clients with leading edge and practical advice.”

Andy Smith, Director of BBP Regeneration, added, “SQW shares with BBP the same values of seeking to provide outstanding, practical, real world advice that helps get buildings built and places developed.  We greatly look forward to the opportunities that come from joining our two organisations together.”