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KSM Consulting Announces New CEO, Hiring Plans Following Acquisition

Majority Ownership of KSM Consulting Acquired by Renovus Capital Partners

Indianapolis-based consultancy announces new CEO, hiring plans following the acquisition

INDIANAPOLIS (April 9, 2019) – KSM Consulting (“KSMC” or the “Company”), a leading technology and data analytics consultancy, announced today that private equity firm Renovus Capital Partners (“Renovus”) has acquired a majority interest in the Company. The acquisition follows a strong history of growth for KSMC — over 500% in the past five years. That growth continues to accelerate, with 50 percent growth in the last year alone. Indianapolis accounting firm Katz, Sapper & Miller will retain a significant minority ownership in KSMC and a seat on the board of directors.

As a result of the change in ownership, KSMC President Mark Caswell will step into the role as Chief Executive Officer to lead the organization into its new phase of growth.

“I speak on behalf of the entire KSMC team when I say that we owe much of our success over the last 10 years to our incredible clients, employees, and partners,” said Caswell, CEO of KSM Consulting. “We are excited to expand our Indianapolis headquarters and invest in the Indianapolis community in big ways as we begin a new chapter.”

KSMC joins Renovus’ portfolio of companies in industries including education, technology, and human capital services. DCS Advisory served as the exclusive financial advisor to KSMC, with John Bordes providing additional acquisition support.

“We feel very fortunate to have found an Indianapolis company with such a history of success and great potential for growth. We look forward to investing in KSMC’s leadership team and employees to grow the Company’s influence in Indiana and beyond,” said Atif Gilani, Renovus Founding Partner.

In addition to new majority ownership, KSMC has announced it plans to immediately hire up to 30 new employees into its Indianapolis headquarters. The open positions include roles in data analytics, technology, and project management.

“KSMC’s growth over the last 10 years is something we’re proud to be a part of,” said David Resnick, Managing Partner of Katz, Sapper & Miller. “The benefits and growth that this opportunity affords will allow KSM and KSMC to continue pursuing success together.”

In 2018, in celebration of its tenth year in business in Indianapolis, KSM Consulting opened a second office location at 111 Monument Circle in addition to its office on 96th Street in Indianapolis. Founded in 2008, KSMC is a trusted partner to more than 300 public and private sector organizations throughout the United States. KSMC specializes in technology, data, and management consulting.

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About KSM Consulting
Indianapolis-based KSM Consulting, LLC is a technology, data, and management consulting firm. KSMC works in both the public and private sectors across a wide range of industries to help clients fulfill their missions, meet their goals, and solve their toughest challenges. Employees embody KSMC Values of Client Focus, Fearless Problem Solving, Empathy, and Deep Expertise while working to fulfill the mission of “helping clients, each other, and communities thrive.” The firm serves clients nationally from its headquarters in Indianapolis.

About Renovus Capital 
Founded in 2010, Renovus Capital Partners is an education, training, and human capital focused private equity firm. Renovus is based outside of Philadelphia and manages over $500 million of committed capital through two SBIC funds. To date, the firm has acquired 22 portfolio companies in areas such as technology services, educational content, classroom instruction, corporate training, and human capital.