EY-Parthenon Acquires Bulger Partners to Enhance Its Strategic Advisory Offerings for the Software Economy
- Acquisition capitalizes on technological integration into core economic sectors and the corresponding needs for technology-oriented advisory solutions
Ernst & Young US LLP today announced its acquisition of the management and strategy consulting business of Bulger Partners, LLC, a firm specializing in the software industry that has advised on over $40 billion in software-related transactions. The acquisition was completed Friday, August 24, and the former Bulger practice will operate under the EY-Parthenon brand.
The acquisition will expand and deepen EY-Parthenon’s advisory services as technological convergence drives demand for software-focused advice. The combined business establishes a leading strategic advisory software practice serving private equity investors and their portfolio companies from diligence through strategy and execution.
“The combined EY-Parthenon and Bulger Partners capabilities will create a leading strategic advisory software team serving private equity investors, their portfolio and beyond,” said Jim Hsu, Senior Managing Director and Americas Leader, EY-Parthenon. “In addition, we will bring these capabilities to our corporate clients who continue to invest heavily in software and technology as the key drivers of their growth.”
“We are thrilled to join an organization with the global scale and depth that EY offers, allowing us to expand our reach and deepen our client relationships,” said Chris Bulger, Managing Partner, Bulger Partners. “Given EY-Parthenon’s growth and our shared entrepreneurial cultures, we envision a combined entity that will help maximize value to clients, empower and enhance the potential of our workforce, and continue to positively impact the highly-active private equity industry.”
As part of the transaction, over 40 Bulger Partners consultants including 8 senior executives, under the continued leadership of Jeff Vogel, Managing Director of Bulger Partners, will join EY-Parthenon, a strategy practice within the EY Transaction Advisory Services (TAS) service line. The team will form a horizontally-oriented Software practice group and will continue to support and grow its blue chip client base, while also collaborating with and supporting the other EY-Parthenon sectors on client engagements in the software economy.
“This acquisition will help us tap into a critical need in the PE space, and builds on our overall strategy offering since we acquired EY-Parthenon in 2014,” said Bill Casey, EY Americas Vice Chair, Transaction Advisory Services. “It also reinforces our commitment to providing holistic services from strategy through execution and beyond, including recent expansions to our Restructuring, Infrastructure, and Operations teams.”
Terms of the transaction were not disclosed.
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Notes to Editors
EY-Parthenon professionals are global leaders in strategy consulting. EY-Parthenon teams are committed to bringing unconventional yet pragmatic thinking together with clients’ smarts to deliver actionable strategies for real impact in today’s complex business landscape. Innovation has become a necessary ingredient for sustained success. Critical to unlocking opportunities is the EY-Parthenon balance of strengths – specialized experience with broad executional capabilities – to help you optimize your portfolio of business, uncover industry insights to make investment decisions, find effective paths for strategic growth opportunities and make acquisitions more rewarding. EY-Parthenon methodologies, along with a progressive spirit, can deliver intelligent services for clients, amplify the impact of strategies and make EY-Parthenon consultants the global advisors of choice for business leaders.
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
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This news release has been issued by Ernst & Young LLP, a member firm of EY serving clients in the US.
About Bulger Partners
Bulger Partners provides investment & acquisition guidance, value creation, and transaction advisory services exclusively to companies and investors in the Software Economy. Our team combines professional services excellence with technology and operating expertise. We have developed the models, industry contacts, benchmarks and methods designed for the Software Economy. We have completed hundreds of successful projects and will eagerly provide references to confirm that we deliver a unique capability to help our clients make critical decisions and complete successful transactions.