PMY Group has acquired Waco-based True North Consulting Group in a strategic move that PMY said underscores its commitment to excellence in the public sector space.
PMY Group, headquartered in Carrollton, is a leading technology solutions company specializing in providing innovative platforms and services to infrastructure, public venues, and major events. No financial details were released.
PMY Group CEO Paul Yeomans said that while PMY Group is “well recognized in the sports and venues industry,” the company continues to diversify its business into other major infrastructure classes.
“Our global design house, WJHW, has had a strong footprint in the Texas K-12 market for some time, and the inclusion of True North into our group further enhances our positioning in public sector markets,” Yeomans added in a statement. “The addition of True North aligns with our growth trajectory and positions us for continued success in the public sector space.”
PMY said that True North built its reputation by providing a range of consulting services, including comprehensive technology planning, technical design, cyber security, physical security risk & vulnerability assessments, instructional technology, funding, governance, and bond programming to public agencies, such as state and local municipalities, K-12, and higher education.
“Combining PMY, WJHW, and True North into a single team just makes sense. Our culture and approach to consulting are well aligned, and our resources and expertise are incredibly complimentary,” True North CEO Russ Johnson said in a statement. “With the addition of decades of experience in large venue sports and performing arts, no other consulting firm will be able to match the technical diversity of our combined teams.”
WJHW President René Garza said the deal made sense for the companies.
“Having worked alongside True North on various projects, adding them as part of the PMY family was a natural progression of our relationship,” Garza said in a statement.
PMY said the group emphasizes the combined ability to leverage resources and expertise to deliver innovative solutions and value to clients. Schools and educational institutions stand to gain from a richer pool of talent, expertise, and innovative solutions that only such a collaboration can offer, PMY added.
True North will continue to operate under Johnson’s leadership as CEO, and its current management group. Johnson will join the PMY global as senior executive and will be instrumental in the strategic growth of the SLED offering globally.
In July, PMY announced its first institutional capital raise since the company’s 2009 founding in Melbourne by Paul Yeomans.
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