The Service sector of the economy continues to grow, capitalizing on high margin, specialized knowledge requirements for fields from environmental services to clinical research, as well as growth in services required by many complex product offerings and technology implementations. Many traditional product companies have remade themselves into service providers, with IBM’s shift from a product company to a consulting and solution provider serving as a high profile example. Specialized services are expected to continue to grow as the workplace becomes increasingly complex and specialized. The US economy, with its educated and well-trained workforce, has been poised to meet demand for these new services professionals, and the growth in innovative new services companies is expected to continue to be a major factor in economic growth. Growth in new service businesses has also driven an increase in M&A activity, as providers of professional services look to fill the holes in their service portfolio by acquiring the expertise and services they need to service their customers. Consolidation is also being driven by customers’ desires to work with fewer vendors, as service providers build deeper strategic relationships with their clients by enhancing their expertise and providing one stop shopping for their customer base.
The Mirus team has worked on multiple engagements with professional services firms, in sectors such as:
- Healthcare Services
- Outsourced Pharmaceutical Services
- Scientific Services
- Engineering Services
- Consulting Services
Mirus provides direct access to sector-specific expertise, as well as knowledge of, access to and relationships with global buyers and sellers in the professional services sector.