Solganick Advises Waypoint on Acquisition by Wipfli

Waypoint Acquired By Wipfli

Data Analytics Solutions and IT Services Firm

has been acquired by

Solganick served as the exclusive sell-side M&A advisor for the business intelligence and data analytics solutions and IT services firm, Waypoint Consulting in its acquisition by Wipfli.

Who is Waypoint Consulting, a leading data analytics and IT services provider?

Waypoint (“Waypoint”), headquartered in West Chester, PA is a leading provider of business intelligence, data management, and analytics solutions and IT services across the U.S. Waypoint has an impeccable track record with a blend of business knowledge, technical skills, and consulting expertise that translates into more value and less risk for their clients. Waypoint’s partners include Snowflake and Qlik.

Situation

  • Waypoint’s founders and shareholders were in growth mode and ready to explore M&A options to continue its path to building scale within the data analytics solutions and consulting services sector.
  • Waypoint selected Solganick & Co. to assist in evaluating and executing its M&A plans after the founders decided it was the right time to sell the company to a strategic buyer after interviewing 11 investment banks.
  • The Solganick team was confident in its ability to leverage its deep industry domain expertise within the IT services and data analytics sectors and relationships to procure multiple high-quality offers in excess of the initial offer received by the Company.
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Who is Wipfli, the strategic acquirer of Waypoint Consulting?

Wipfli, LLP is a top 20 accounting and consulting firm that strategically acquired Waypoint Consulting in February 2022. Serving over 100,000 clients across today’s most complex industries for more than 90 years, Wipfli's 3,100+ associates provide services ranging from audit and accounting to digital transformation and managing disruption. The acquisition was the outcome of an efficient, focused, and highly competitive M&A marketing process conducted by Solganick & Co., which targeted multiple strategic buyers globally and resulted in 14 offers. Wipfli emerged as the best overall strategic fit, offering the most compelling terms, allowing Waypoint’s shareholders to merge their business with a larger strategic buyer and maximize cash at close. Wipfli focuses on emerging and mid-market organizations with specialized knowledge in industries including financial institutions/services, manufacturing, distribution, healthcare, construction, real estate, government, nonprofit, agriculture, auto dealerships, technology, tribal gaming, and government. William Crowell, Managing Partner of Waypoint, noted, 'The Solganick team ran an efficient M&A process that allowed our shareholders and management team to select the best fit for our needs. Aaron Solganick and his deal team know the data analytics and IT consulting sectors very well. Their expert advice and effective transaction process helped us make the best overall decision for our business.'
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