Got a call from by buddy, Director at MC (while he was on his way from Berlin to UK) that they got acquired by EquaTerra.
I have kept pressing the folks to expand their consulting to more IT and Infrastructure related consulting. Hopefully under the umbrella of EquaTerra they will include "Virtualization and the whole IT Infrastructure" into their consulting package.
The collective teams will provide unrivalled depth of knowledge and services across all business support functions, including Information Technology (IT), Human Resources (HR), Finance & Accounting (F&A), Procurement and Customer Care. The firms have additional expertise in sector-specific processes such as claims management, mortgage processing and policy administration. The acquisition will also broaden and solidify the firm’s geographic reach, thereby providing greater value for clients. The combined firm has approximately 300 employees across North America, Europe and Asia Pacific.
Mark Toon, CEO, EquaTerra said, “The leadership teams of our firms are excited about this acquisition. We are in the unique situation of bringing together two organisations with a strong presence in different geographies, yet with similar cultures, methodologies and depth of experience in the markets we serve. 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 said, “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 organisational 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 organisation once the deal is complete. “Creating Morgan Chambers back in 1994 was such an exciting opportunity and I am extremely proud of what the company and its hugely talented staff have achieved for our clients. I am pleased to be able to hand over to such a likeminded organisation, which in turn provides me with the opportunity to invest in new ventures.”
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