Sia Partners Acquires Management Consulting Firm GMG

Combination reinforces Sia Partners as a leading New York financial
services consulting firm

NEW YORK–(BUSINESS WIRE)–Sia Partners, a leading international independent management and AI
consulting firm, announced today the acquisition of the Gartland &
Mellina Group (“GMG”), a management consulting firm focused on financial
services and $23 million of revenues in 2018. GMG has offices in New
York, where it currently employs 100 consultants, as well as in Chicago,
Baltimore and Toronto. The combined revenues of Sia Partners in the U.S.
and GMG totaled $60 million in 2018 on a pro forma basis.

GMG’s Managing Partners John Gustav, Eric Blackman, Bharat Sawhney and
Kavita Nar will join Sia Partners’ U.S. management team under the
leadership of Dan Connor, CEO U.S. of Sia Partners. GMG Chairman and CEO
Robert Gartland will continue to support the company in the coming
months as a Senior Adviser. Vikram S. Pandit, former CEO of Citigroup
and a GMG shareholder, will provide near-term strategic advisory support.

“This transaction establishes Sia Partners as a leading consulting
player in the U.S. banking market with a flagship New York practice and
220 expert consultants,” said Matthieu Courtecuisse, Founder and CEO of
Sia Partners. “It also strengthens our global banking practice, now with
more than 450 consultants advising half of the Global Systemically
Important Banks.”

“After having grown GMG over a decade to become a leading management
consulting practice in the financial services sector, we are excited for
the firm to join Sia Partners. We have been impressed by the team’s
track record and are convinced that Sia Partners’ pioneer Consulting 4.0
approach will help further expand and diversify our existing client
portfolio,” said Robert Gartland, Chairman and CEO of GMG, and Albert
Mellina, Vice Chairman and Managing Partner of GMG, in a joint statement.

“This combination of two pure consulting players with a strong financial
institutions focus is a natural one, as GMG’s client portfolio and team
expertise seamlessly complement Sia Partners’ existing capabilities in
the U.S. GMG will help Sia Partners achieve its goal of over 500
consultants in the U.S. in less than three years,” said Dan Connor.

ABOUT SIA PARTNERS

Sia Partners is a next generation consulting firm focused on delivering
superior value and tangible results to its clients as they navigate the
digital revolution. With over 1,400 consultants in 16 countries, the
firm will generate annual revenue of USD 280 million in the current
fiscal year. Its global footprint and expertise in more than 30 sectors
and services allow Sia Partners to accompany its clients worldwide,
guiding their projects and initiatives in strategy, business
transformation, IT & digital strategy and Data Science. As the pioneer
of Consulting 4.0, Sia Partners applies proprietary innovative software
applications and AI in its client solutions.

Sia Partners works with more than 50 blue-chip companies in the U.S.
across six main sectors including banking, energy and utilities,
insurance, technology, transportation, and healthcare. The firm
differentiates itself by applying its innovative Consulting 4.0 approach
which combines management consulting skills with AI techniques.

ABOUT GMG

The Gartland and Mellina Group was founded in June 2009 to provide
innovative solutions to the Financial Services Industry.

Contacts

PRESS CONTACTS
Sia Partners and GMG
Tristan
Bourassin
Phone: +1 212 333 3810
Email: siapartnersglobal@brunswickgroup.com