Acacia Group adds ERP platform to its portfolio
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By
Nick Wakeman
The Baer Group represents another acquisition vehicle to the private equity group's portfolio.
Five months after selling off one of its properties, the private equity firm the Acacia Group has added another company to its portfolio.
The Baer Group will become a new acquisition vehicle for Acacia, much like ID Technologies was. Acacia sold ID Technologies to CACI International in late December for $225 million.
Terms of the Baer acquisition were not disclosed. The company specializes in enterprise resource planning system implementations, cloud integration and data transformation.
Baer supports federal systems integrators and has customers in the life sciences, consumer product and retail sectors.
The company specializes in a range of platforms -- SAP, Oracle, Salesforce, ServiceNow, Amazon Web Services, Microsoft Azure and Google Cloud.
"Global demand for the best technical talent is at an all-time high and will only continue to grow,” said Craig Dawson, co-founder and partner with Acacia.
Dawson said there are opportunities for Baer to work with other Acacia companies including Applied Insight.
“We see immediate opportunities for Baer to support the clients of current Acacia companies with their demand for skilled technical talent,” Dawson said.
Acacia also plans to invest in Baer to add scale and breadth, he said.
"As a new platform within the Acacia portfolio, we're creating new possibilities for our company and new opportunities for our people,” said Peter Aaron, president of Baer Group.
Baer was founded in 1997 as an SAP provider.
Seven Mile Advisors served as advisers to Baer.