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Provide chain agency ProcureAbility has been acquired by Jabil, a technologically superior manufacturing options supplier. Professionals from Equiteq labored as unique advisors to the sell-side all through the method.
Based in 1996, ProcureAbility is a world supplier of procurement providers, providing advisory, managed providers, digital, staffing, and recruiting options. The US headquartered agency has helped Fortune 1000 firms elevate their procurement perform for over 25 years with its complete, technology-enabled advisory, managed providers, digital, staffing, and recruiting options. The agency has been rising rapidly in latest months, and to scale its operations to fulfill demand it has been looking for a accomplice.
Launched in 1966, Jabil has turn out to be a key participant within the manufacturing options area over the past 5 a long time, with over 250,000 staff throughout 100 areas in 30 international locations. Jabil’s international scale and provide chain supply capabilities will speed up ProcureAbility’s development in procurement providers in varied industries by way of an expanded providers portfolio. On the similar time, ProcureAbility’s experience may even additional allow Jabil’s clients to higher reply to disruptive forces within the turbulent procurement and provide chain sector.
“We’re excited to hitch the Jabil group to ship enhanced, world-class procurement providers to a world shopper base, backed by the energy and sources of a company identified for its provide chain experience and procurement practices,” said Conrad Snover, CEO of ProcureAbility. “This union between two business leaders, each keenly targeted on delivering service excellence, comes at an opportune time as ProcureAbility continues to expertise fast development and Jabil seems to fulfill the excessive demand from shoppers for experience in procurement providers.”
Following the deal, ProcureAbility will proceed to function independently, however will transfer forward with its growth plans backed by Jabil’s provide chain experience and international footprint. All through the method, Equiteq served because the unique M&A advisor for ProcureAbility.
In accordance with Snover, Equiteq was “a wonderful advisor and supplied trusted, extremely helpful insights all through the method”. ProcureAbility Chair John Evans additionally remarked that the agency “couldn’t have achieved it with out them, and [ProcureAbility] actually loved the partnership.”
Adam Tindall, managing director, and Alex Floess, director at Equiteq added, “It was a privilege working with the ProcureAbility group over the course of this transaction. They’ve clearly constructed a really robust platform, and this platform is now extraordinarily well-positioned for longer-term development by becoming a member of forces with Jabil. We’re more than happy concerning the final result and need each events the perfect going ahead.”
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