Washington, DC, (February 25, 2021) – FOCUS Investment Banking (“FOCUS”), a national middle market investment banking firm providing merger, acquisition, divestiture and corporate finance services, announced today that Stonebridge Consulting, a privately-held technology solutions provider to energy industries, has been acquired by Sierra Digital, Inc., a Houston-based specialist in digital transformation. FOCUS represented Stonebridge Consulting in this transaction.
The combination of the two best-in-class technology solutions and advisory services providers in the energy space offers customers a superior investment choice for sustainable performance and future returns.
“This transaction helps technologists embrace a seismic shift in the way we approach business,” said James Ivy, CEO of Stonebridge Consulting. “Changing customer experience expectations are driving the need for better ways to do business. Sierra and Stonebridge now offer unparalleled combined team expertise, breakthrough solutions, and a direct pipeline to Sierra’s longtime partners, including SAP, Microsoft and Qualtrics.”
“We are extremely impressed with recent Stonebridge innovations,” said Senthil Kumar, CEO of
Sierra Digital. “Combined now with a host of automation, analytics and experienced management solutions pioneered by Sierra, our two organizations are now uniquely positioned to double value to customers.”
Kumar will serve as CEO of both entities, while Adam Hutchinson will continue as President of Stonebridge.
“Stonebridge and Sierra have strong complementary capabilities with a common end market in the oil and gas sector,” said Manan Shah, Managing Director and Information Technology Team Leader at FOCUS. “This combination will be able to provide customers with a comprehensive set of offerings from which they will derive significant benefits. We are pleased to be an enabler of such a strong strategic combination.”
“The energy industry is experiencing an era of digital transformation as traditional business processes are seamlessly integrated to reduce operating expense and cycle times and improve efficiency,” added FOCUS Chairman Doug Rodgers. “The combination of Stonebridge and Sierra Digital is strategically in sync with this trend.”