Business and technology consulting firm West Monroe has acquired Washington, D.C.-based IT and business services transformation and outsourcing advisory firm Pace Harmon, the biggest acquisition for West Monroe in its 18-year history, the company reported this week.
The addition of Pace Harmon deepens West Monroe's transformation advisory services, and brings new capabilities in IT strategy, business process outsourcing, procurement and vendor management. The acquisition is a direct response to the evolving big business tech landscape, in which IT and back-office functions are being radically transformed by the steady march of digitization across the enterprise.
The companies have deep industry knowledge in common, spanning areas like consumer and industrial products and healthcare. The hope is that by bringing together the firms' complementary shared areas of technology and optimization expertise will have a magnifying effect that enables the firm to better support clients' transformation efforts in a post COVID-19 economy.
"Pace Harmon's expertise in value creation and cost takeout are both complementary and additive to West Monroe. Their depth and decades of experience in this space make them highly effective partners, and we are excited to bring our combined capabilities to market and help companies meet these challenges," said Doug Armstrong, chief operating officer at West Monroe
Chicago-headquartered West Monroe will be opening a new office just outside D.C. in Pace Harmon's hometown of McLean, Va. to support the newly acquired employees, and about a third of its other employees live in cities where West Monroe already has offices, including Dallas and San Francisco.
"Over Pace Harmon's nearly two decades in operation, we built a solid reputation among major global enterprises as a trusted business transformation advisor with a client-first philosophy. We saw an immense opportunity to continue Pace Harmon's successful track record in combining capabilities with West Monroe—we couldn't be more thrilled with the outcome," said Martin, the firm's principal co-founder.
The acquisition is the third for West Monroe in the last 18 months.
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