In 2017 to 2018, the University of Wisconsin (UW) System undertook a major consolidation, removing its two-year college campuses from a standalone sub-system known as the UW Colleges and merging them with nearby four-year UW institutions. The system-level motivation for doing so, in a state undergoing a demographic shift with an aging population, was ultimately budgetary, even if specific savings were not promised. The receiving universities followed several different models for their mergers, some of which appear to have been more successful than others. This case study of the consolidation at the University of Wisconsin System was conducted as part of a broader project examining equity issues, particularly pertaining to race and ethnicity, in the course of public university system consolidations. While there is little evidence of equity serving as a major driver of this consolidation at UW, certainly not on racial lines, individual institutions made choices that, in some cases, may lead to improved outcomes for underrepresented populations. [For the summary report, "Public College and University Consolidations and the Implications for Equity: Lessons from Georgia, Texas, and Wisconsin. Research Report," see ED625748.]