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 growth”.
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.