The Planet Group Strengthens its Project Management Consulting Capabilities with Recent Agreement to Acquire Praxis Life Sciences

Wednesday, March 6, 2019 General News
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Partnership to expand Planet's strategic consulting and project management services.

CHICAGO, March 5, 2019 /PRNewswire-PRWeb/ -- The Planet Group ("Planet"), a leading provider of outsourced human capital

and consulting solutions, announced today that it has entered into an agreement to acquire Praxis Life Sciences ("Praxis"), a management consulting firm helping companies in the pharmaceutical, biotech and medical device industries get their important & complex projects done right.

"We are excited to welcome Praxis to the Planet family. The Praxis team brings an abundance of industry knowledge and expertise that will complement and extend our current world-class consulting and strategic project management services," said Planet CEO Mike Stomberg.

Praxis has proven to be a leader in providing exceptional consulting services to the top global pharmaceutical/biotech, medical device, and healthcare organizations throughout the United States. Since 1996, the Praxis' associates and partners have helped Fortune 1000 companies with large-scale change, functional area challenges, and program/project management.

"We are thrilled about our future with Planet and the opportunity to expand our global reach and strengthen our service offerings," said Kevin Wysocki, Managing Partner at Praxis. "We are looking forward to being able to create new synergies with our clients while continuing to provide them with exceptional service as we work to become a leading consultancy in the life sciences industry."

MidOcean Partners, a premier middle market private equity firm, made a significant investment in Planet in January 2018 to accelerate the company's strategic initiative to diversify its portfolio of service offerings and drive continued growth. In June 2018, Planet made its first acquisition with San-Diego-based R121, an internationally recognized IT consulting firm.

Densborn Blachly LLP, Peters Browning LLP and Katz Sapper Miller, LLP acted as advisors to Praxis.

About The Planet Group The Planet Group is a diversified professional services organization focused on providing high-value outsourced human capital solutions and niche consulting services to Fortune 500 and other leading clients in the fastest growing and most in-demand sectors. The Planet Group consists of seven related entities and has been purposefully built to address the professional services needs of leading companies in the life sciences, diversified energy & engineering, healthcare, information technology, and digital marketing industries. The Company was founded in 2009 and is headquartered in Chicago, Illinois.

About Praxis Life Sciences Praxis is a management consulting firm which helps companies in the pharmaceutical, biotech and medical device industries get their important & complex projects done right. Established in 1996 and headquartered in Lake Forest, Illinois, Praxis assists Fortune 1000 firms with large-scale change, functional area challenges and program/project management. For more information, please visit Praxis' website (praxislifesciences.com).

CONTACTS

The Planet Group Media Relations Lindsey Bandy lbandy(at)theplanetgroup(dot)com

 

SOURCE The Planet Group



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