Blackwood Planning, which is owned by Glenn Blackwood and William Cunningham, specializes in providing strategic compensation consulting services to banks in the Southeastern United States and will focus on designing executive programs for the banks in the region. The $6.3 million deal consists of 10% payable in Clark Consulting common stock and $4.4 million payable over the next 3.5 years based on achieving certain revenue targets, according to a news release.
The acquisition will also bring Glenn Blackwood on board at Clark. Blackwood will serve as the regional president of Banking Practice’s Southeast Region, a region that includes Alabama, Florida, Georgia, Mississippi and South Carolina.
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