Teleperformance Acquires BPO Operator Senture For $400M

Teleperformance SE TLPFF has acquired Senture, a business process outsourcing (BPO) operator for government services in the U.S., from California-based private investment firm Kingswood Capital Management for an enterprise value of $400 million.
Kentucky-based Senture offers an onshore citizen experience delivery model aligned with U.S. government requirements. Senture expects revenue of $192 million and an adjusted EBITA margin of 16% for 2021.
Government services represent nearly 80% of Senture's revenue, while commercial healthcare support services represent the remaining portion.
Teleperformance noted the deal is accretive to its EPS by around +5%.
"Senture delivers critical services to a large number of clients in the high-potential government services market in the United States. It is a great organization with a growing onshore network of more than 4,500 advisers, of which 85% work from home," commented Teleperformance Chairman and CEO Daniel Julien.
The company financed the acquisition entirely through debt.
Price Action: TLPFF shares are higher by 1.14% at $453.50 on the last check Tuesday.