Kin + Carta has acquired Spire Digital, the digital transformation consulting firm, for $14.8m.
The Colorado agency, which has more than 100 staff, is expected to fit well into Kin + Carta’s 'Innovation pillar', the fastest-growing part of its business and the source of 56% of its 2019 net revenue. The acquisition will be integrated in the next year, expanding Kin + Carta's reach into the western US.
Adam Hasemeyer, president, and Nick Coppolo, chief operating officer, have been leading the business for the past three years and will remain as Spire senior management. Mike Gellman, Spire’s founder, will remain an advisor to Spire Digital.
Kin + Carta’s chief executive J Schwan, said: “The acquisition of Spire Digital is directly in line with our growth strategy, delivering a strategic foothold in the western United States with a best-in-class software design and engineering capability that adds to our fast growing Innovation pillar. Spire has a strong reputation of delivering highly innovative solutions and building a winning culture that’s hard to find. We’re looking forward to bringing the Spire Digital team into the Kin + Carta Connective.”
Adam Hasemeyer, president of Spire, added: "We’ve grown Spire significantly in recent years and have established a strong reputation in the western US DX market. To realize our fullest potential, we recognized that we needed a partner with deeper resources and a broad geographic reach. We scouted the market from the largest global firms to niche players and decided on Kin + Carta as the perfect choice for Spire. We identify closely with the spirit of entrepreneurialism and agility that we found there and are excited to reach new heights as a part of this impressive organization."