The consulting firm Vaco acquired last year has struck a deal to take over a KraftCPAs team focused on Microsoft business process software work.
Terms of MorganFranklin’s acquisition of Kraft Enterprise Systems’ Microsoft ERP practice aren’t being disclosed. The deal means seven people, led by practice director Shannon Mullins, have joined MorganFranklin’s local team, which firm leaders say they are eager to grow further.
“We pride ourselves in helping our clients with the selection, implementation and optimization of ERP technologies as a critical aspect of enabling broader transformation,” says Chris Mann, MorganFranklin’s managing partner and CEO. “This acquisition builds upon our existing, talented ERP practice as well as significantly expands our presence in Nashville, a market we are focused on for major expansion in 2020.”
MorganFranklin has operations across the globe and is headquartered in the Washington, D.C., area. It has other offices in Atlanta, New York, San Francisco, Los Angeles, Raleigh-Durham and Nashville. The firm’s ERP team, which works with businesses ranging from start-ups to Fortune 500 companies, now numbers 40 people in all.
Vaco, which is owned by private equity firm Olympus Partners, last summer bought 22-year-old MorganFranklin to create a firm with $750 million in annual revenues and a total staff of about 1,500 people along with 5,000 consultants.