We advised the Boston-based global supply chain and operations consulting firm Maine Pointe, on the sale of a majority stake in the business to SGS, the Swiss-listed, global testing, inspection and certification (TIC) specialist.
Founded in 2004, Maine Pointe is an international supply chain and operating consulting firm which works with blue chip clients across North America and Europe.
Maine Pointe has a highly differentiated proposition via its patented Total Value Optimization™ (TVO) methodologies that extend across procurement, operations, logistics, and leader and organisation improvement, which is all underpinned by its market leading data and analytics capabilities. As a result of this unique methodology, Maine Pointe helps clients drive improvements in profit, cash generation and sales growth across the buy-make-move-fulfil supply chain.
Growth through acquisition remains a core strategy for major TIC businesses, with the mid-market a rich source of attractive bolt-on opportunities. We are seeing businesses seek to gain new expertise in more advanced, value-add consultancy services to complement their core offerings.
What difference did we make?
We were appointed due to our market leading track record of working with consultancy and human capital businesses, gathered via recent transactions with world renowned companies such as Foster + Partners, SLR, and Altius.
Further to this we have significant experience in the TIC market where transactions have included the acquisition of Concept Life Sciences by Spectris plc, Trigo’s acquisition of Supplier Management Solutions Inc, and the sale of Alcumus, followed by its acquisition of Santia.
Working alongside Maine Pointe’s management team, our objective was to find a partner that would further accelerate the business on a global scale. Whilst we had significant interest from both private equity and strategic buyers, we ultimately concluded that SGS would be a great partner for the business as there was a very strong cultural fit. SGS is a highly respected and well-funded global business and Maine Pointe will be its platform to seek further growth into the higher margin, value-add consultancy market.