Houlihan Lokey Advises Anser Advisory

Houlihan Lokey is pleased to announce Anser Advisory, a portfolio company of Sterling Investment Partners, has been acquired by Accenture (NYSE:ACN). The transaction closed on August 7, 2023.

Anser Advisory is a leading advisory and management company for infrastructure projects in the United States. Anser’s services span advisory, compliance, and management services. Owners of capital projects engage Anser to advise them on how to structure, estimate and plan projects, to monitor the work being done, and to assist them in managing and executing all phases of projects. The Company works hand in hand with some of the country’s most prestigious public and private owners from initial strategy and planning to project hand-over. Increasingly, clients are engaging Anser to help advance decarbonization and clean energy projects in sectors including energy transmission, distribution and storage, sustainability programs and fleet electrification.

Sterling Investment Partners is a private equity firm investing in and building middle-market companies for over 30 years with a highly experienced, cohesive team of senior investment professionals. Sterling focuses on value-added distribution and business services, acquiring businesses that the firm believes have strong, sustainable competitive advantages and significant opportunities for value creation. Over its history, Sterling has completed over 220 transactions, representing approximately $28 billion in aggregate value.

Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. Accenture is a talent and innovation led company with 738,000 people serving clients in more than 120 countries.

Houlihan Lokey served as financial advisor to Anser Advisory and Sterling Investment Partners. This deal exemplifies the continued success of Houlihan Lokey’s dedicated coverage of the engineering and infrastructure services sector. This transaction also highlights the continued strength of our relationship advising Anser, having represented Anser on its original sale to Sterling in 2021.