Deal Snapshot
RGP CLOSES ACQUISITION OF CHICAGO-BASED STAFFING AND OUTSOURCING SOLUTIONS PROVIDER ACCRETIVE
Thursday 07 December 2017

California, US-based business consulting firm Resources Connection, Inc., (RGP) (NASDAQ: RECN) has closed the acquisition of substantially all assets and certain liabilities of Chicago, US-based professional services firm Accretive Solutions, Inc., the company said.
RGP is acquiring Accretive for USD 19.4m in cash and 1.15m shares of Resources Connection, Inc. restricted common stock. The company said the addition of Accretive allows RGP to add subscription-based services to its offerings. Accretive's complementary business model and service offerings will also help achieve deeper penetration with existing clients and increase RGP's share in the middle.


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Details
Date Published: 07/12/2017
Target: Accretive Solutions
Country: USA
Deal Size: 37.66m (USD)
Sector: Business and Consumer Services
Type: Corporate acquisition
Financing: Cash and Stock
Status: Closed
Vendor:
Buyer: Resources Connection
Comment:


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