The Russian invasion of Ukraine and tensions over energy and mining supplies will have lasting repercussions. This is prompting all Western economies to look for solutions within their own borders, which places Canada and Australia in a particularly strategic position.
What does Churchill bring to Sia Partners’ portfolio?
Given the share of Energy activities in Sia Partners’ portfolio (26% of revenue), even before the outbreak of the war in Ukraine, the group had made it a priority to strengthen its position in these areas, with the first acquisition made in Alberta (Canada) in September 2021.
Present in the Asia Pacific region for 10 years (Hong Kong, Singapore, Tokyo), Sia Partners announces the acquisition of the Australian firm Churchill, the leading independent strategy and transformation consultancy company in the Perth market, with 45 consultants, generating an annual revenue of around 14 million Australian dollars (about 9.3 m€).
Founded by David Prendiville and Todd Mairs in 2002, Churchill works in the energy and mining sectors, and also for major public sector players in Western Australia. The four Churchill partners are taking over the management of the new Australian hub, created following the deal. By integrating Churchill, Sia Partners affirms its ambition to strengthen its position in the Australian market which becomes its 19th market and Perth its 40th office.
What are the executive’s thoughts on the acquisition?
“The Australian market represents a significant development opportunity for Sia Partners,” commented Matthieu Courtecuisse, Founder and Chief Executive Officer of Sia Partners.
“With Churchill’s management team, we have defined an ambitious roadmap that aims to reach the threshold of 150 consultants by 2024, with the development of the new offices in Melbourne, Sydney or Brisbane, and the creation of a team dedicated to the Aussie financial sector. The Australian team will also host a global center of excellence in the mining sector.”
The integration is effective as of July 6, 2022.