PwC US has acquired global management
consulting firm PRTM.
PRTM, which specialises in operations management consulting, including
strategy, supply chain, product development, customer value
management and business model innovation, has 700 consultants
including 124 principals.
It serves clients across industries
such as technology, industrial products, retail and consumer,
healthcare and the public sector.
More than two thirds of PRTM’s professionals
are in the US with the rest of the staff based in the UK, France,
Germany, the Nordics, the UAE, India, Japan and China.
PRTM claims to be one of the main operational
strategy consulting firms in China, where it has 65 staff across
offices in Shanghai and Beijing.
“PRTM’s experienced professionals
will bring increased high quality services to our clients in areas
that are critically important to them and can help them build a
competitive advantage,” PwC US chairman Robert Moritz said.
PwC advisory leader Dana Mcilwain
stressed the transaction “will significantly increase our ability
to serve our clients in the areas of operations management,
strategic execution and business model innovation, and will provide
our people with new opportunities for career development and
This acquisition is one of a growing
number of consulting firm acquisitions by the Big Four who are
rebuilding their consulting arms after the majority dissolved them
in the wake of the Enron scandal.