IQ-EQ enhances US presence with Blue River Partners acquisition
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IQ-EQ enhances US presence with Blue River Partners acquisition 19 February 2020Dallas Reporter: Maddie Saghir
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IQ-EQ has partnered with Blue River Partners, a US provider of outsourced solutions to alternative asset managers.
The newly combined US operation between IQ-EQ and Blue River will total 200 people in the US as a result of this transaction, IQ-EQ noted.
Headquartered in Dallas, Blue River also has offices in Fort Worth, Houston, Austin, New York, Chicago and San Francisco, and services more than 400 clients across the US.
Blue River’s offering includes tax compliance and advisory services; IT and cybersecurity consulting and managed services, as well as a host of operations, tax and IT services to portfolio companies and assets owned by private equity funds.
Blue River’s founding partners, Mark Fordyce, CEO, and Michael Minces, president, will assume the leadership of IQ-EQ’s US operations.
IQ-EQ’s group executive chair Serge Krancenblum highlighted that the acquisition marks a “key milestone” for IQ-EQ as it strategically increases its presence in the US.
Krancenblum said: “We have been impressed by Blue River’s growth and professionalism. Under the leadership of Fordyce and Minces, we will be in an extremely strong position to capitalise on market opportunities in the US.”
Fordyce commented: “This acquisition is incredibly strategic as it will allow Blue River to provide global capabilities and solutions to our clients and give us a greater ability to scale with our clients as they grow and expand their businesses.”
He continued: “For the Blue River team, not only does being part of a larger, global organisation make perfect sense from a business perspective, it also offers significant benefits to each member of our team in terms of career progression and personal development opportunities.”
Minces cited: “We have built our business by thinking creatively, hiring very talented professionals and working hard for our clients every day. For us, this transaction represents the natural evolution of Blue River by expanding our service lines and geographic reach on a global scale.”
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