Wavestone acquires Sand Cherry to expand its US consulting business

Wavestone ($WAVE-EURONEXT) acquired Sand Cherry, a Denver-based consulting firm with approximately 130 employees. The purchase expands its North American team to around 370 people and deepens customer relationships in telecommunications, broadband and media, as well as energy, utilities and infrastructure. Wavestone intends to combine those relationships with its technology, AI and cybersecurity capabilities.

Sand Cherry expects approximately $31.5 million in 2026 revenue and an adjusted EBITDA margin of 15%, following annual growth exceeding 15% over the previous three years. The acquisition price was not disclosed. The $31.5 million figure describes expected sales at the acquired business, not the amount Wavestone paid. Integration and cross-selling benefits remain prospective rather than quantified, already achieved gains.

Sources:

• Wavestone — Sand Cherry acquisition