BOSTON, Nov. 15 (UPI) -- Charles River Associates of Boston Monday acquired Tabors Caramanis & Associates of Cambridge, Mass.
Under the terms of the deal, Charles River Associates acquired substantially all of the assets of the firm, comprising 15 billable consultants and current consulting projects, for a purchase price of $5.7 million, consisting of $4.7 million in cash at closing and $1 million in restricted shares of Charles River Associates stock.
Additional purchase consideration may be payable over the next two years if specific performance targets are met.
Charles River Associates provides economic, financial, and management consulting services.
Tabors Caramanis & Associates is a consulting firm.