Ridgecrest Advisors’ Client 1904labs Is Acquired by Turnberry
St. Louis – August 8, 2024 – Ridgecrest Advisors announced today that its client, 1904labs, a market-leading provider of custom software and data engineering solutions, has been acquired by Turnberry Solutions (“Turnberry”), a business and technology consulting and implementation firm pairing brilliant strategy with excellent execution. Financial terms were not disclosed.
This acquisition deepens Turnberry’s digital modernization and AI, data, and insights offerings, thanks to 1904labs’ expertise in tailored data and digital solutions. It also expands Turnberry’s longstanding St. Louis presence, broadening career opportunities and client offerings in the area.
“We are thrilled to welcome 1904labs to Turnberry. This team’s deep expertise in cloud-based software and data solutions complements our mission to deliver cutting-edge digital modernization and data-driven insights with and for our clients,” said Allen Debes, CEO of Turnberry Solutions. “Both organizations have been built on a foundation of similar values and a shared focus in always doing what’s best for our clients, consultants, and the communities where we work, which is just one of the many reasons we’re excited to be coming together.”
With this acquisition, Turnberry Solutions and 1904labs will combine their strengths to offer a more comprehensive suite of services. 1904labs’ focus on customized digital solutions and cloud consulting will enhance Turnberry’s existing capabilities in AI, data analysis, and insights. This partnership will create a robust technology and consulting firm, equipped to deliver superior value to clients across a wide range of industries.
“We are excited to join forces with Turnberry Solutions,” said Sean Walsh, managing director of 1904labs. “This partnership allows us to offer a much more robust suite of services to existing and new clients – from business excellence to platforms of innovation to Turnberry’s flagship talent program, Crew. Together, we will continue to deliver superior digital and data solutions to meet the evolving needs of our clients.”
Randy Grigg, managing partner of Ridgecrest Advisors, advised 1904labs on the transaction. “The combination of 1904labs and Turnberry promises to elevate the combined firm’s AI, data and digital modernization offerings,” said Grigg.
About Turnberry
Turnberry Solutions is a business and technology consulting and implementation firm that believes brilliant strategy only matters when paired with excellent execution. Through a deep understanding of each client’s challenges and opportunities, Turnberry delivers tailored solutions and premium talent for sustainable, meaningful, and fearless growth. With offerings in business excellence, digital design and build, platforms of innovation, and AI, data, and insights, Turnberry sets the best teams, technologies, and solutions in motion. Learn more about Turnberry Solutions at turnberrysolutions.com. For more information, please contact Turnberry Public Relations at PR@turnberrysolutions.com.
About 1904labs
1904labs, a market-leading provider of custom software and data engineering solutions, helps client leaders solve obstacles to digital transformation by deploying teams of innovative people who know how to get work done inside of large, complex organizations, armed with a proven methodology to build the right thing the right way. Learn more at www.1904labs.com.
About Ridgecrest Advisors
Ridgecrest Advisors is an investment banking and business consulting firm dedicated to helping technology consulting firms dramatically increase enterprise value. Ridgecrest Advisors helps clients in four core areas:
- Buy-side M&A advisory:We help technology consulting clients increase enterprise value by successfully executing transactions which fortify, extend or transform their businesses. We have run three of the most active acquisition programs in the sector over the last 25 years and bring deep insight into full lifecycle M&A efforts.
- Sell-side M&A advisory:We help technology consulting clients achieve premium valuations with attractive deal structures through a process that emphasizes speed and risk mitigation. Our deep industry expertise, expansive relationships with the buyer community and unmatched understanding of the perspectives of acquiring firms provide a unique ability to execute optimal transactions.
- Business consulting:Our Enterprise Value Optimization program helps technology consulting clients improve relative performance visibility, increase profit margins and reduce business risk. With our extensive experience from evaluating hundreds of consultancies while running acquisition programs, we bring unique insight into key performance indicator benchmarks and best practices of highly profitable firms.
- Private placements:Our ability to successfully raise capital allows our technology consulting clients to build value through funded strategic investment and reduce personal financial risk by realizing partial liquidity on their ownership positions. We have extensive relationships with private equity and debt financing providers who have experience and/or interest in the technology consulting sector.
