Philadelphia Firm Buys Majority Stake in KSM Consulting

KSM Consulting, a technology services and data-analytics consultancy, has announced that Philadelphia-based private equity firm Renovus Capital Partners has acquired a majority interest in the company, the Indianapolis Business Journal reported.

KSM Consulting operates under Indianapolis-based Katz Sapper & Miller (FY17 net revenue of $79.3 million). The firm had owned 100% of KSM Consulting, but now retains minority ownership and a seat on the board, according to the Indianapolis Business Journal.

KSM Consulting plans to add 30 employees to its staff of 135. No layoffs are planned.

The Business Journal, citing public records, says that KSM Consulting has been awarded more than $27 million in Indiana state government contracts over its decade in business.

As a result of the ownership change, president Mark Caswell has been promoted to CEO “to lead the organization into its new phase of growth,” the company said. “As we think about the next high-growth phase of KSMC, adding the support of Renovus Capital Partners will best serve our company, employees and clients.”

KSM Consulting joins Renovus’ portfolio of companies in industries that include education, technology and human capital services.

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