Reinvigoration, a leading operations transformation consultancy, has acquired Lean Competency Services in a deal advised on by the GS Verde Group.
The acquisition of Lean Competency Services (which owns the license to Cardiff University's prestigious Lean Competency System, commonly known as LCS) marks a significant milestone in Reinvigoration's journey towards becoming a world-leading operations transformation consultancy. Furthermore, it solidifies Reinvigoration's commitment to empowering organisations with the tools and knowledge to foster Lean thinking, drive continuous improvement, and achieve operational excellence.
As a leading operations transformation consultancy, Reinvigoration partners with operations leaders to deliver operational success by providing expert consultancy and blended, bespoke learning content. Reinvigoration's connections with LCS go all the way back to the company's founding, and indeed the early days of LCS. Reinvigoration Group's CEO, Chris Dando, elaborated on this:
"Our journey with the LCS goes back to 2006, where I met Reinvigoration co-founder Ryan King on a Lean Service Operations Masters degree at Cardiff University. Our learning experience there not only changed our thinking but sowed the seeds for a different type of consultancy, and Reinvigoration was born a few years later. We at Reinvigoration knew first-hand the power of the LCS way of thinking and the positive impact that this can have, not only on organisations but more importantly the individuals within."
Originally launched in 2005 by the Lean Enterprise Research Centre at Cardiff University, LCS has grown into an internationally recognised programme, and is the only Lean workplace-based qualification developed by a university. It has played a crucial role for organisations across the globe in implementing Lean principles, fostering a culture of continuous improvement, and achieving operational excellence.
One of Reinvigoration's first ambitions was to become an LCS accredited organisation, which was achieved in 2010. Since then, Reinvigoration has certified over 5,000 people across the world, who have used their new skills to benefit themselves and their organisations.
Simon Elias, former Director of LCS, added: "Reinvigoration Group is fantastically placed to develop the LCS into the future, as it was founded by two graduates of Cardiff University's Lean Enterprise Research Centre's MSc in Lean Operations, and the Group has since built a strong reputation and developed significant expertise in continuous improvement services. This is an extremely positive development for the LCS and will herald in an exciting new era for the organisation."
GS Verde Group's multidiscipline team advised Reinvigoration throughout the transaction. Our deal-making experts provided Reinvigoration with advice and support through each step of the process, including legal and financial due diligence, deal planning, structuring, and negotiation for a truly end-to-end service.