Majority Ownership in KSM Consulting Acquired by Renovus Capital Partners
INDIANAPOLIS (April 9, 2019) — KSM Consulting (“KSMC” or the “Company”), a leading technology services and data analytics consultancy, announced today that private equity firm Renovus Capital Partners (“Renovus”) has acquired a majority interest in the Company. The acquisition follows a historic period of growth for KSMC. In the past five years, KSMC has grown in size by 500%. That growth continues to accelerate, with 50% growth in the last year alone. Indianapolis accounting firm Katz, Sapper & Miller will retain a significant minority ownership in KSMC and a seat on the board of directors.
As a result of the change in ownership, KSMC president Mark Caswell will step into the role as chief executive officer to lead the organization into its new phase of growth.
“I speak on behalf of the entire KSMC team when I say that we owe much of our success over the last 10 years to our incredible clients and partners,” said Caswell, CEO of KSM Consulting. “We are excited to expand our Indianapolis headquarters and invest in the Indianapolis community in big ways as we begin a new chapter.”
KSMC joins Renovus’ portfolio of companies in industries including education, technology and human capital services.
“We feel very fortunate to have found an Indianapolis company with such a history of success and great potential for growth. We look forward to investing in KSMC’s leadership team and employees to grow the Company’s influence in Indiana and beyond.” said Atif Gilani, Renovus founding partner.
In addition to new majority ownership, KSMC has announced it will immediately hire up to 30 new employees out of its Indianapolis headquarters to support the Company’s growth. The open positions include roles in data analytics, technology and project management.
In 2018, in celebration of its tenth year in business in Indianapolis, KSM Consulting opened a second office location at 111 Monument Circle, where it occupies 10,000 square feet in addition to its office on 96th Street in Indianapolis. Founded in 2008, KSMC is a trusted partner to more than 300 public and private sector organizations throughout the United States. KSMC specializes in management consulting, technology services and data analytics.
About KSM Consulting
Indianapolis-based KSM Consulting, LLC is a technology, data, and management consulting firm. KSMC works in both the public and private sectors across all industries to help clients fulfill their missions, meet their goals, and solve their toughest challenges. Employees embody KSMC Values of Client Focus, Fearless Problem Solving, Empathy, and Deep Expertise while working to fulfill the mission of “helping clients, each other, and communities thrive.” The firm serves clients nationally from its headquarters in Indianapolis. For more information, visit www.ksmconsulting.com.
About Renovus Capital
Founded in 2010, Renovus Capital Partners is an education, training, and human capital focused private equity firm. Renovus is based outside of Philadelphia and manages over $500 million of committed capital through two SBIC funds. To date, the firm has acquired twenty two portfolio companies in areas such as technology services, educational content, classroom instruction, corporate training, and human capital. More information can be found at www.renovuscapital.com.