INDIANAPOLIS (Feb. 22, 2021 Press Release) — Resultant, a leading consulting firm specializing in technology, data analytics, and digital transformation announced today that Investcorp, a leading global provider and manager of alternative investment products, has acquired a majority interest in the Company. Renovus Capital Partners will retain a significant minority ownership in Resultant and continue to sit on the board of directors. Terms of the transaction were not disclosed.
“As we continue to expand the reach of our difference-making work, our partnership with Investcorp puts us in the best position to boldly solve new, complex challenges, while growing our exceptional team and investing in our home state of Indiana in big ways,” said Mark Caswell, CEO of Resultant. “We owe much of our success over the years to our incredible clients and communities, and we look forward to a new, exciting chapter of growth—together.”
The acquisition follows a historic period of growth for Resultant—in Indiana and across the U.S. In total, Resultant was able to meet five-year investor goals in fewer than 18 months. Since 2018, Resultant has increased its Indiana-based workforce by over 160% percent. Now with over 300 employees nationwide, Resultant maintains offices in Columbus, Ohio; Lansing, Michigan and Denver, Colorado, along with its Indianapolis headquarters. That growth is expected to continue, as Resultant plans to increase its workforce by at least another 20 percent in 2021. Resultant’s recent acquisitions of Tempus Nova and Advocate Solutions also nearly doubled Resultant’s client base, adding states and companies from across the nation to the Company’s growing roster of public sector clients.
Investcorp, a global manager of alternative investments including private equity, real estate, absolute return investments, infrastructure, credit management, and strategic capital, has a long history of collaborating with technology-enabled professional services businesses. Along with acquisition of a majority ownership stake in Resultant, Investcorp’s recent investments include Pro Unlimited, a global innovator in contingent workforce management based in San Francisco, and Revature, a leading technology talent development company based outside of Washington D.C.
“The past year highlighted the importance of embracing technology for all organizations, regardless of size, sector, or industry,” said Steve Miller, Investcorp managing director and head of professional services, private equity–North America. “We believe that Resultant is well-positioned for growth as the need for organizations to adopt and realize value from digital solutions will continue to generate demand for the Company’s mission-critical services. In addition to the industry’s attractive secular tailwinds, Resultant’s people, values, and culture set the Company apart in a highly fragmented market. We have a successful history of partnering with professional services and tech-enabled businesses and we look forward to supporting CEO Mark Caswell and President John Roach as they continue growing Resultant.”
Founded in 2008, Resultant is a trusted partner to more than 700 public and private sector organizations throughout the United States. Resultant specializes in technology, data analytics, and digital transformation.