Clark Schaefer Hackett buys workforce development firm
Clark Schaefer Hackett, a Top 100 Firm based in Cincinnati, has acquired Definity Partners, a workforce development and technology firm in nearby West Chester, Ohio.
Definity has developed a business transformation approach it calls “Run Improve Grow.” CSH believes the acquisition of Definity will differentiate it from the traditional accounting firm model, giving it new services for improving operations and business growth for its clients.
“This new alliance with Definity Partners brings on board new solutions, new services, new expertise and new technology that enable us to deliver even more fully on that mission,” said CSH president Kerry Roe in a statement. “Today, virtually any change a business makes in one area will have a ripple effect to others, so a holistic approach to business services is essential. This deal brings the full scope of expertise in finance, strategy, technology, operations, sales and workforce development under one roof to enable that holistic approach.”
CSH ranked No. 65 on Accounting Today’s 2018 list of the Top 100 Firms, with $68 million in revenue last year. The 80-year-old firm has more than 400 professionals and staff, including 41 shareholders. Financial terms of the deal were not disclosed.
Definity Partners has 25 professionals and has been in existence for 22 years. It specializes in workforce development, operational improvement and technology solutions.
“For many years we have looked for the right partner — one with the capabilities, capacity and vision to help us accelerate the pace of innovation and develop more robust and deeply integrated solutions,” said Definity Partners founder and chief innovation officer Ray Attiyah in a statement. “Joining Clark Schaefer Hackett is a strategic move for Definity Partners — we are thrilled to join forces and extend the impact of 'Run Improve Grow' to help companies solve their most complex challenges with new, bolder solutions.”
Definity Partners will operate as an extension of CSH’s advisory services under the leadership of both Attiyah and Definity president and CEO Jim Barney. “Jim and Ray have built a strong reputation for the firm based on a passion for helping clients achieve success — a passion we share at CSH,” said Roe. “As we collaborate to combine our expertise and resources, we anticipate going to market with an even more powerful complement of services to make our clients’ businesses better.”
Last year, CSH acquired LublinSussman Group, a firm based in Toledo, Ohio.