New Life for Consulting Firm at PwC
Global accounting and consulting firm PricewaterhouseCoopers has acquired last week another consulting firm, a merger that is expected to boost PwC’s ” operational strategy, execution and business model innovation.”
PRTM, a global management consulting firm, and PwC inked a definitive merger agreement that allows PwC to acquire the consulting firm.
Since 1976, PRTM’s management consultants have been with senior executives to develop and implement innovative operational strategies that deliver breakthrough results. It serves major industry and global public sectors.
With 18 offices across the globe, the consulting firm focuses on operational strategy, supply chain, product development, and customer value management.
PRTM will join the PwC global Advisory practice that has been ranked as one of the world’s largest providers of consulting services.
“We are especially pleased that the PRTM team of highly talented, globally-oriented professionals have chosen to continue their careers at PwC,” said Dana Mcilwain, PwC Vice Chairman and U.S. Advisory Leader.
Scott Hefter, Global Managing Director of PRTM, added, “PRTM’s strengths in operations management combined with PwC’s extensive capabilities provide tremendous opportunities for both clients and staff alike.”
Hefter said PRTM and PwC are closely aligned in terms of their culture.
“This investment in high-quality talent is an important component of our continued strategic focus on quality across the firm. We are fortunate to be able to commit to this enhancement of the Advisory practice at the same time we are investing significantly in the quality of our Assurance and Tax practices,” commented Bob Moritz, U.S. Chairman and Senior Partner of PwC.
The transaction is expected to close later in the summer, subject to customary closing conditions.
How much PwC has shelled out to acquire the consulting firm will not be disclosed.