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. As leaders in behavioural assessment and development, a&dc provides consultancy services and a comprehensive range of ready-to-use, tailored and bespoke products across the talent management spectrum.
Equiteq acted as exclusive financial advisor to a&dc. The transaction completed on June 5, 2017.
The acquisition of a&dc strengthens PSI’s core Talent Assessment offering.
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.”