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Cost reduction company acquires Ohio spend manager

Business Services
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SIB, a fixed cost reduction service headquartered in Charleston, has acquired Fox Consulting Group

The transaction is platform’s second add-on acquisition, a news release said.  

CEO Kevin Flounders said the acquisition will provide more resources to both the SIB and Fox teams as they grow. 

“Bringing Fox into the SIB family is a natural next step in our strategy as we continue to expand our service offerings and strengthen our market position,” Flounders said. “We value Fox’s excellent track record and believe their telecom and merchant services expertise will allow us to deepen relationships with existing customers.” 

Fox was founded in 2003 by Sean Fox and provides cost analysis and auditing for telecommunications and merchant services. The company is based in Cincinnati. 

“I have spent nearly 20 years growing Fox Consulting to what it is today,” Fox said. “Teaming up with SIB allows us to do even more for our clients while also expanding their client offerings. This is an exciting move for us, and we’re eager to hit the ground running.”

Reach Teri Errico Griffis at 843-849-3144.

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