NIIT acquires Illinois-based St. Charles Consulting Group for $23.4m
Indian talent development company NIIT Limited has acquired St. Charles Consulting Group LLC (StC) based in St. Charles, Illinois for $23.43 million.
The acquisition was carried out by NIIT’s fully-owned subsidiary — NIIT (USA), Inc.
St. Charles Consulting Group caters to professional services firms and Fortune 500 companies with consulting, designing, and implementation solutions for strategic learning programs.
Established in 2002, St. Charles Consulting Group has a network of more than 500 management consultants in the areas of learning, knowledge services, organization development, and planning of the workforce. Its solutions are offered in four main areas, which include strategic consulting, learning curation, custom learning experiences, and managed services.
Larry Durham — St. Charles Consulting Group President said: “The time couldn’t be better to join forces with NIIT to bring a broader array of capabilities to our clients. The two firms bring complementary learning capabilities and offerings which will allow us to more fully serve our clients and be even more competitive in the marketplace.”
As per the terms of the deal, St. Charles Consulting Group stands to be paid earnouts based on its annual performance over the coming four years.
NIIT said that the acquisition of St. Charles Consulting Group helps it gain a considerable footprint in the areas of professional services and management consulting, while consolidating its learning consulting practice.
Sapnesh Lalla — NIIT CEO and Executive Director said: “Learning and Development is at the epicenter of change in a post-pandemic world that is going through rapid business and industry transformation.
“As organizations strive to build and retain talent and skills for a future-ready workforce, L&D is leading the way on many key initiatives. St. Charles Consulting Group brings deep expertise and experience in building strategic learning programs which are in high demand across our customer base.”
Last month, NIIT made an investment in KNOLSKAPE, an experiential learning platform, which has a direct presence in the US, the UK, India, Singapore, and Malaysia.