Equiteq, a global consulting and IT services sector M&A specialist, is pleased to announce the sale of the UK based A&DC Group (“a&dc”) to PSI Services LLC headquartered in California. Equiteq acted as exclusive financial advisor to a&dc. The transaction completed on June 5, 2017.
“This acquisition will continue PSI’s growth strategy, further strengthening our core Talent Assessment offering. The a&dc suite of assessment and development products enhance our industry leading portfolio even further, placing disruptive and experiential assessment tools at the fingertips of HR professionals worldwide. Coupled with our leading edge technology, we will continue to drive innovative assessment solutions and enhance how our customers select and develop their workforce” says Steve Tapp, President and CEO at PSI.
Nigel Povah, CEO of a&dc commented “When I started a&dc 30 years ago, I was passionate about providing great assessment and development content. The a&dc portfolio – with over 250 assessments – will continue its journey alongside PSI’s assessment technology, which will drive the delivery of our robust assessment content into the digital era.”
Nigel Povah, also confirmed the role Equiteq played in completing this transaction: “Equiteq provided an invaluable level of service and support throughout this process and I was most impressed with the level of commitment and professionalism displayed by the team.”
Gabriela Silvestris, Director in Equiteq’s London office, commented, “a&dc are the leaders in behavioural assessment and development with an impressive product portfolio in this field. The synergistic and strategic fit between a&dc and PSI was immediately apparent. We have thoroughly enjoyed working with the shareholders of a&dc and we are delighted about the outcome of this transaction. We wish both parties a successful future together.”
About Equiteq ( www.equiteq.com )
Equiteq is an international consulting and IT services sector M&A specialist advising owners of knowledge intensive businesses around the world from offices in London, New York, Singapore and Sydney. Equiteq helps owners best achieve their value and exit objectives through accelerating equity growth and ultimately realizing that value in a trade or private equity sale.
About a&dc ( www.adc.uk.com )
As leaders in behavioural assessment and development, a&dc provides advisory services and a full range of proprietary online and face-to-face products across the talent management spectrum and throughout the full employee lifecycle. a&dc works with large blue-chip employers to design and implement talent strategies worldwide, delivering tangible business results. Their core capabilities and suite of products are underpinned by a&dc’s psychological thought leadership, research and innovation.
About PSI Services LLC ( http://international.psionline.com )
Headquartered in the USA, PSI is the leading provider of talent measurement solutions that help organisations of all sizes hire, develop and retain the right talent. Their comprehensive suite of over 500 industry-leading assessment tools, including the highly-regarded 16pf ® assessment, innovative delivery and reporting technology, and consulting services offers a single source for streamlined people measurement. PSI has over seventy years of experience providing worldwide testing solutions to corporations, federal and state government agencies, professional associations, certifying bodies and leading academic institutions.