Keane To Acquire Bricker Consultancy Firm

Keane, Inc. has signed a definitive agreement to acquire Chicago-based Bricker & Associates, Inc., a privately-held operations improvement consulting firm. The transaction will be accounted for as a pooling of interests and is expected to close by early June, subject to receipt of regulatory approvals and satisfaction of other closing conditions. It is anticipated that Bricker's senior management will assume management positions within Keane upon completion of the acquisition.

"The strategic and cultural fit between Bricker and Keane is extraordinary," said John F. Keane, chairman and CEO for Keane, Inc. "Both organizations seek to improve clients' competitiveness by optimally deploying people, process, and technology across the organization. While Bricker focuses on improving a client's business operations, Keane enables these improvements by implementing information technology solutions. Both companies are customer and results oriented."

With the Bricker acquisition, Keane believes it will be well positioned to capture significant follow-on business, such as application development and outsourcing projects.

Bricker has experienced consistent growth over the past five years, with clients including Fortune 500 and middle market companies in the insurance, distribution, manufacturing, information management, health care and professional services industries, such as Kemper Insurance Companies, TIG Holdings, Inc., U.S. Gypsum Company, and Caterpillar.