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CGI Inc., a Montreal-based IT and business consulting firm, has signed an agreement to acquire Stratfield Consulting, an Atlanta-based management and technology consulting company. Founded in 2012, Stratfield has nearly 200 consultants and primarily serves retail and financial services clients. The acquisition is positioned to significantly deepen CGI’s footprint in the Atlanta metropolitan market, increasing its local team to nearly 600 consultants who live and work in the area. Financial terms of the transaction, including any valuation, consideration structure, or transaction value, were not disclosed and no currency figures were provided. The transaction is expected to close later in the month of publication, subject to customary closing conditions, but no specific regulatory or contractual approvals are detailed.
Parties
Company
CGI
Company
Stratfield Consulting
Deal Type
Merger & AcquisitionIndustry
Tech/Computer/ITTransaction
Undisclosed/ConfidentialDeal Status
ActiveClosing Date