2020 CCAR Resubmission
Combination with leading U.S. West Coast firm expands Sia Partners’ presence in top technology hubs and strengthens its technology-driven consulting platform.
Transaction advances Sia Partners’ target of more than 500 consultants in the U.S. by end of 2020.
Sia Partners, a leading international independent management and AI consulting firm, announces today the acquisition of Loft9, a management consulting firm founded in 2010 with tech, utilities, healthcare, and airlines clients and revenues of $13 million in 2018. Loft9 currently employs 70 consultants in Seattle, WA, and Denver, CO.
After the transaction closed on February 28, Loft9’s office in Seattle became the fourth largest office for Sia Partners, which now employs over 200 consultants in five locations in the U.S. Loft9 managing partners Mark Birzell, Ed Beals and Ronan Walsh will join the management team of Sia Partners in the U.S. under the leadership of Dan Connor, CEO U.S. The combined revenues of Sia Partners in the U.S. and Loft9 totaled $38 million in 2018 on a pro-forma basis.
“Loft9’s talented managing partners have built a strong West Coast firm that delivers outstanding outcomes for its clients,” Daniel Connor said. “We are excited to partner with Mark, Ed, and Ronan as we continue to build a top ten domestic management consulting practice, and we look forward to working with the team at Loft9 to bring our cutting-edge innovation and AI techniques to even more clients across the U.S.”
“We are very excited to join Sia Partners,” Mark Birzell, managing partner and co-founder of Loft9, said. “I am tremendously proud of everything we’ve built at Loft9, and I believe this will prove to be a winning combination for Loft9’s clients and employees. We will have competitive breadth and depth on the West Coast and leading-edge offerings for our clients across the country. We plan to double our presence in Seattle and employ more than 500 consultants in the U.S. in less than two years.”
Sia Partners works with more than 50 blue-chip companies in the U.S. across six main sectors including banking, energy and utilities, insurance, tech, transportation, and healthcare. The firm differentiates itself by applying its innovative Consulting 4.0 approach which combines management consulting skills with AI techniques.