Resources Connection Inc. (Nasdaq: RGP), a professional staffing provider that operates as RGP, acquired Reference Point LLC, a New York-based strategy, management and technology consulting firm focused on the financial services sector.  

The transaction, expected to close by early summer 2024, aims to strengthen RGP’s financial services and overall consulting business, according to the company.  

Founded in 2002, Reference Point serves the financial services sector across strategy and management, risk and regulatory compliance, digital and technology and data and analytics. It has offices in Washington, DC, and Charlotte, North Carolina.  

The combined company also expands RGP’s project execution and on-demand talent services to Reference Point’s clients while driving growth for Reference Point through access to RGP’s client base and on-demand talent model.  

Reference Point managing partner Scott Goeden will continue to lead the business after the transaction closes. 

“Reference Point delivers an impressive array of advisory offerings, and we expect their team’s deep industry acumen to greatly benefit our clients,” RGP CEO Kate Duchene said in a press release.  

The financial services industry constitutes one of the largest shares of US management consulting spend and was among the first sectors RGP invested in, according to Duchene. It has been a top-three sector for the company 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,” she said. “Importantly, there is significant cultural alignment and synergy between the Reference Point team, our own consulting business and our organization as a whole.” 

Headquartered in Irvine, California, RGP employs 3,600 professionals and serves more than 1,800 clients globally from 38 physical offices and multiple virtual offices.