K2 Acquires Fellow Salesforce Cloud Consulting Partner The Crevalle Group
This is M&A deal number 118 that ChannelE2E has covered so far in 2021. See all technology M&A deals for 2021 and 2020 listed here.
Headquartered in Atlanta, Georgia, The Crevalle Group is a consulting and staffing firm that places Salesforce consultants throughout the U.S. and Canada. The acquisition of the Crevalle Group will bolster K2’s presence in the Atlanta region.
Founded in London, England in 1997 to provide SAP consultants, K2 already has at least 17 offices spread around the globe. The company has more than 3,000 employees, offering solutions based on Salesforce, SAP, Oracle, ServiceNow, Workday and more. It also provides cybersecurity, social and enterprise mobility, predictive analytics and big data, Internet of Things (IoT) and artificial intelligence and robotics solutions.
Tequity, an M&A advisory firm, provided financial guidance to The Crevalle Group. This marks Tequity’s eleventh successful Salesforce cloud ecosystem transaction, the firm said.
K2 Acquires The Crevalle Group: Executive Insight
Lori Larson, K2’s president of the Americas, commented on the acquisition:
“I am thrilled that Will Drescher and team are joining K2. They will play a key role in our continued Cloud Market position and expansion. The combination of K2 and Crevalle provides a powerful solution to our valued consultants and clients.”
Will Drescher, president of The Crevalle Group, said:
“The team and I are excited to join forces with K2 as we both strive to provide the highest level of service along with the best Salesforce talent.”
M&A: Salesforce Cloud Consulting Acquisitions
M&A activity in the Salesforce cloud partner ecosystem remains strong. Deals to kick off 2021 include:
ChannelE2E has tracked nearly 50 M&A deals involving Salesforce partners since 2017.