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M&A: Accenture Acquires Insight Sourcing; Gains Energy Procurement and Management Business

February 13, 2024 by Joe Panettieri

Accenture is acquiring Insight Sourcing, a provider of strategic sourcing and procurement services -- particularly for private equity customers. The deal also includes Insight Energy -- an energy procurement and management business. Financial terms of the deal were not disclosed.

Rob Fuhrmann, global lead for sourcing and procurement, Accenture

This is M&A deal number 95 that Sustainable Tech Partner has covered so far in 2024. See all M&A deals involving sustainability, climate tech and green IT services listed here.

Accenture Acquires Insight Sourcing: Business Background, Energy Management Capabilities

Insight Sourcing, founded in 2002, has roughly 220 sourcing consultants and is based in Atlanta, Georgia. The company helps its customers to optimize costs when sourcing and negotiating contracts for:

  • Direct materials (e.g., metals, electronics, food ingredients, chemicals, clinical services);
  • indirect materials (e.g., logistics, packaging, IT, marketing);
  • services related to capital expenditures (e.g., construction, facility equipment); and
  • energy procurement management, the buyer said.

Energy Management Focus: The related Insight Energy business helps customers to "manage energy costs, identify and implement conservation opportunities, and procure cleaner energy supplies." The business has managed more than 6,500 energy sourcing projects. Moreover, Insight Energy can connect customers with more than 400 renewable energy developers, the company's says.

Accenture, based in Dublin, Ireland, has roughly 733,000 employees. The company's focus spans IT consulting, managed IT services, sustainability services and dozens of additional capabilities.

Supply Chain Management M&A: Executive Perspectives

Muqsit Ashraf, global lead, Accenture Strategy

In a prepared statement about the acquisition, Rob Fuhrmann, global lead for sourcing and procurement at Accenture, said: “Accenture and Insight Sourcing will combine expertise across direct, indirect and capital expense cost reduction with complementary data and technology capabilities to drive efficiency and resilience across our clients’ supply chains. With Insight Sourcing, we are taking another important step to position Accenture as a leading provider in sourcing and procurement advisory and execution services for corporate and private equity clients.”

Added Muqsit Ashraf, global lead for Accenture Strategy: “Insight Sourcing will be the latest investment we are making to address growing demands from private equity investors, who seek tailored and repeatable solutions that drive value. Combined with Accenture’s proven expertise across strategy, advisory, technology and managed services, Insight Sourcing will provide critical spend and sourcing capabilities to our private equity clients and their portfolio companies.”

Tom Beatty, Insight Sourcing
Tom Beatty, founder and CEO, Insight Sourcing

Concluded Tom Beaty, founder and CEO of Insight Sourcing:: “Joining Accenture will accelerate our mission of bringing procurement excellence to our clients. Over two decades, we have built a skilled team of professionals who are passionate about being the best in their craft and driving impactful results. As part of Accenture’s sourcing and procurement strategy, we will reach new levels of continued success with increased resources and opportunities.”

Accenture: Multiple Sourcing and Supply Chain Management Acquisitions

Accenture typically acquires dozens of companies each fiscal year. On the sourcing and supply chain management front, recent acquisitions include New York-based advisory firm Impendi (January 2024) and The Shelby Group (November 2023).

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