Houston-based sourcing consultant EquaTerra has acquired Morgan Chambers of London, creating one of the biggest independent consulting firms in the outsourcing segment. Terms of the deal were not disclosed.
The deal will create a firm with knowledge and services across all business support functions, including IT, HR, F&A, procurement, and customer care. The firm will have additional expertise in sector-specific processes such as claims management, mortgage processing, and policy administration. The acquisition will also broaden and solidify its geographic reach and employ approximately 300 employees across North America, Europe, and Asia.
“The leadership teams of our firms are excited about this acquisition. We are in the unique situation of bringing together two organizations with a strong presence in different geographies, yet with similar cultures, methodologies, and depth of experience in the markets we serve,” said Mark Toon, CEO of EquaTerra. “The expanded geographic reach and enhanced service offerings, combined with the tenure and expertise of our advisors, makes this acquisition a positive event for our clients, employees, and business partners.”
Phil Morris, CEO, Morgan Chambers added, “Both EquaTerra and ourselves possess a relentless commitment to our clients and their needs and objectives. We’ve built a well-respected advisory business in Europe, and we feel joining EquaTerra gives us the organizational depth and geographic reach our clients need. We believe our collective strengths will further support our clients on their journey to create sustainable value in their business support functions.”
Robert Morgan, chairman and founder of Morgan Chambers, will leave the organization once the deal is complete and pursue new ventures. He founded the firm in 1994.
