Oct 18, 2007

Management Consulting Group buys KSA

MCG continues making acquisitions ! It had four specialist consultancies: Ineum Consulting, Proudfoot Consulting, Parson Consulting and Salzer Consulting.

Britain's Management Consulting Group Plc said on Wednesday it has agreed to buy Atlanta-based retail consulting firm Kurt Salmon Associates for $125 million.

Management Consulting said the deal, under which it is paying $75 million in cash, funded through a new debt facility, and the remainder through the issue of new shares, would be earnings enhancing by 2008.

It's a smart strategy by MCG to keep the brands separate and offer different services to the clients in different brands.