Wednesday, July 21, 2010

A.T. Kearney Forms Strategic Alliance With Union Partners, LLC to Launch CoVest Purchasing Consortium

A.T. Kearney's procurement practice unit, A.T. Kearney Procurement & Analytic Solutions (ATKPAS), joins forces with Cleveland-based Union Partners. The strategic alliance calls for A.T. Kearney's Leveraged Sourcing Network (LSN) and CoVest, LP (a unit of Union Partners) to cooperate in their operational, marketing and management efforts. A.T. Kearney will be a member in the CoVest partnership, and ATKPAS will support the venture with strategic sourcing capabilities and related technologies. A.T. Kearney and Union Partners will jointly provide the consortium offering to A.T. Kearney's consulting and CoVest's private equity firm client base.

"This arrangement leverages A.T. Kearney's strategic sourcing and CoVest's consortia management capabilities," says Joe Raudabaugh, A.T. Kearney's Procurement & Analytic Solutions President. "The purchasing consortium opportunities with private equity firms serve as a critical catalyst for accelerated growth. We have a unique offering that not only provides rapid savings on commonly purchased items, but also customized strategic sourcing services that address members' unique purchasing needs."

The CoVest Sourcing Network leverages members' purchasing power in over thirty indirect materials and services categories such as office supplies, office equipment, temporary labor, and MRO categories. CoVest, LP is a unit of Union Partners, a Cleveland-based private equity and performance acceleration firm. "Being a private equity firm ourselves, gives us insights into the needs of private equity firms," says John Andrica, Managing Director of Union Partners.

About A.T. Kearney

A.T. Kearney is a global strategic management consulting firm known for helping clients gain lasting results through a unique combination of strategic insight and collaborative working style. The firm was established in 1926 to provide management advice concerning issues on the CEO's agenda. The firm serves the largest global clients in all major industries. A.T. Kearney's offices are located in major business centers in 37 countries.

A.T. Kearney Procurement & Analytic Solutions provides comprehensive strategic procurement services to clients whose needs range from tactical cost savings and strategic sourcing services to complete supply management transformation and advanced analytic driven solutions. In addition, they augment the strategic sourcing expertise of A.T. Kearney, one of the world's largest management consulting firms.

About Union Partners

Union Partners, LLC is a Private Equity and Performance Acceleration Firm, founded in 2002 by a group of senior executives to focus on investment and transformational opportunities among middle market companies with revenues between $100 million and $1 billion. Union Partners has focused its acquisition activities on four identified strategic platforms: automotive suppliers, healthcare/pharmaceuticals, industrial products and specialty chemicals. Union Partners staff brings critical competencies in revenue enhancement, operating cost reduction and asset and portfolio optimization.

CoVest, LP operates the CoVest Sourcing Network, a group purchasing organization designed to leverage the indirect materials and services spend of private equity firms and their portfolio companies for cost reduction. It also provides purchasing and operational consulting services to middle market companies.

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