Posted on February 21st, 2024

The consulting giant sees an opportunity to help private equity firms tackle spend, cost and supplier management across their portfolios.

Insight Sourcing adds to Accenture’s recent spate of acquisitions in the procurement space. It also picked up advisory firm Impendi in January and consultancy The Shelby Group in November, both of which also specialize in servicing private equity-owned companies.

Accenture currently offers end-to-end procurement services, including through its digital operations platform SynOps. It also hosts a sourcing center that can help companies with rapid sourcing and partners with the procurement tech providers SAP Ariba and Coupa.

Accenture sees a growing demand from private equity investors for “tailored and repeatable solutions that drive value,” according to Muqsit Ashraf, global lead for Accenture Strategy. Ashraf said in the release that “Insight Sourcing will provide critical spend and sourcing capabilities to our private equity clients and their portfolio companies.”

Along with private equity companies, Insight Sourcing has provided procurement consulting to Under Armour, Lululemon, JLL, Post and Williams Sonoma, among others, according to its website. Its services include spend assessment and analytics, strategic sourcing analysis, procurement transformation consulting and category management, among others.

For private equity players, the firm bills itself as being able to help them manage procurement spend and costs across an investment firm’s portfolio of owned companies.

Atlanta-based Insight Sourcing was founded in 2002. Its acquisition by Accenture includes Insight Sourcing’s energy procurement and management business, Insight Energy. The deal is subject to closing conditions, including regulatory approvals.

Source: Supply Chain Dive.