IE11 Not Supported

For optimal browsing, we recommend Chrome, Firefox or Safari browsers.

Ernst & Young Buys Cambria Solutions

Ernst & Young is expanding its Sacramento footprint with the acquisition of Cambria Solutions, a downtown-based consulting firm that focuses on state government clients.

Ernst & Young is expanding its Sacramento footprint and has acquired Cambria Solutions, a downtown-based consulting firm that focuses on state government clients.

Company officials did not disclose a purchase price for Cambria, which employs around 50 people at its Sacramento office on K Street and another 100 at seven other offices across the U.S. Ernst & Young, one of the big four global accounting firms, with large consulting and technology practices, moved approximately 100 people from a Roseville office to Cambria’s downtown Sacramento office.

The Roseville office handled both Ernst & Young commercial and government clients. Ernst & Young said it will renovate the first floor of the 21,000-square-foot, three-story building at 731 K St. and open a technology and innovation center. Cambria occupies the second and third floors of the building, near Golden One Center.

Not transitioning to Ernst & Young, however, is Robert Rodriguez, Cambria’s CEO, who founded the company in 2003 and built it into a national firm with offices across the U.S. Ernst & Young officials declined to explain why Rodriguez will not be part of the operations. Retaining top talent, particularly a company founder with specialized expertise, is usually a key feature of corporate technology acquisitions.

“He is definitely the pillar in the Sacramento community and will continue to expand his other business interests in Sacramento,” said Suzanne Vitale, the former president of Cambria Solutions, who joined Ernst & Young as principal, government and public sector. Rodriguez did not respond to emails.

Rodriguez will be a landlord to Ernst & Young, as another Rodriguez company, Cassadyne Properties investment trust, owns the building at 731 K St. Cassadyne acquired and renovated the building, which stood vacant for 10 years, from the city of Sacramento in 2016. The company is the developer for another project, a planned 50-unit residential complex at F and 20th streets in midtown Sacramento called the 20th Place Project.

Cambria has made its money by concentrating on technology solutions for state governments, mainly on health-care and transportation projects. It also does some work for local governments and has a few private clients. California state records show it was awarded more than $500,000 in contracts in 2020 to automate certain California Department of Motor Vehicles functions including motor carrier permit renewals. Cambria’s seven other offices, outside of Sacramento, are all in state capitals.

©2022 The Sacramento Bee (Sacramento, Calif.) Distributed by Tribune Content Agency, LLC.