Irish lean consultancy LCL acquired by Altix Consulting
Dublin-based consulting firm LCL Consult has been acquired by Altix Consulting. The Ohio-based boutique company specializes in strategy and operations for international manufacturing masters. The expansion increases the number of partners to over 20.
The American consulting firm Altix Consulting supports clients with global business strategy, technology and innovation, operational excellence, personnel development, training and education. The company, based in Mason, Ohio, was founded in 2019 by former Festo manager Yannick Schilly and the former executive director of the Cincinnati American American Chamber of Commerce, Anne Cappel, and currently has around 20 partners.
To expand Altix’s global offering, the company has acquired Ireland-based consultancy LCL Consult, a Dublin-based manufacturing consultancy. LCL has 10 partners. However, not all of them are ready to join Altix on the same level, according to an interview between Schilly and the Cincinnati Business Courier. Instead, he stated that Altix will have “between 20 and 30 partners” if the company is restructured to include LCL.
“LCL is a world leader in transforming traditional factories into lean benchmark locations,” said Schilly, who is now Altix president. “With implementations in the automotive, aerospace, technology and consumer goods industries, we can move forward with the expertise of LCL. They have an impressive track record and are happy to welcome you to the Altix team.”
Launched in 2009, LCL implements rapid turnaround solutions based on lean principles and leadership skills to transform malfunctioning operations, supply chains and suppliers in the US, Europe and Asia. Liam Cassidy, CEO of LCL, meanwhile confirmed that the deal was motivated by a long-term collaboration between the two companies and the resulting synergies between the two.
Cassidy commented, “We have worked with Altix for years as a valued lean transformation partner and have a long history of successful collaboration with their team. This move naturally fits our two organizations and we look forward to expanding our work together.”
With the acquisition of LCL, which has enhanced Altix’s lean capabilities, the company will now seek to expand its service offering and provide seamless lean implementations to manufacturing customers around the world. At the same time, it provides security for the future of the Dublin-based LCL. Speaking to the Cincinnati Business Courier, Schilly also stated that after years of working with LCL executive director Liam Cassidy, the relationship not only paved the way for the deal, but also provides Cassidy continuity for his business, if it does too decides for retirement.
“He was a mentor and coach to me,” added Schilly. “I have a long history and friendship with Liam.”