Resources Connection to Acquire Reference Point LLC

Resources Connection, Inc. (Nasdaq: RGP) (“RGP”), a global consulting firm, today announced it has entered into a definitive agreement to acquire Reference Point LLC (“Reference Point”). Reference Point is a strategy, management, and technology consulting firm serving the financial services sector across four areas of focus: Strategy & Management, Risk & Regulatory Compliance, Digital & Technology and Data & Analytics.

Led by Managing Partner Scott Goeden, Reference Point employs a differentiated consulting delivery model where engagements are led by former industry executives supported by top-tier consultants. Focused exclusively on the financial services sector, the firm provides end-to-end solutions for clients, from strategy development to implementation to management. Reference Point was established in 2002 by former banking executives aiming to help clients manage complex operational challenges unique to the financial services industry. Headquartered in New York, the company has additional offices in Washington, D.C., and Charlotte, N.C.

“Reference Point delivers an impressive array of advisory offerings, and we expect their team’s deep industry acumen to greatly benefit our clients,” said Kate Duchene, CEO of RGP. “The financial services industry constitutes one of the largest shares of U.S. management consulting spend, which is why it was among the first sectors we invested in and has been a top-three sector for us since inception. We expect this business combination to accelerate our growth in this key vertical as we introduce Reference Point’s higher value advisory solutions to our clients and help Reference Point scale delivery teams with our on-demand talent. Importantly, there is significant cultural alignment and synergy between the Reference Point team, our own consulting business, and our organization as a whole.”

This transaction, upon closing, will expand the portfolio of high-value advisory services RGP offers its financial services clients, and in turn, is expected to accelerate the growth of the firm’s financial services and overall consulting business. It is further expected that the business combination will extend RGP’s project execution and on-demand talent services to Reference Point’s enterprise clients, while also fueling meaningful growth acceleration for the Reference Point business through its access to RGP’s client base and differentiated on-demand talent model. The current Reference Point management team, led by Mr. Goeden, will continue to lead the business following the close of the transaction.