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June 23, 2011

PwC to acquire global consultancy PRTM

PwC global advisory practice is acquiring global consultancy firm PRTM, with the deal expected to close by the end of the summer.

Upon completion of the acquisition, PRTM will join the PwC global advisory practice.

PRTM has 18 offices worldwide specialising in management consultancy.

PwC vice chairman and US advisory leader Dana Mcilwain said the PRTM team will provide PwC with capabilities in the areas of operational strategy, execution and business model innovation. PRTM global managing director Scott Hefter said PRTM’s strengths in operations management combined with PwC’s extensive capabilities will provide opportunities for both clients and staff.

“The cultures of PRTM and PwC are closely aligned, while the capabilities we bring to market are complementary,” Hefter added.

Financial details of the transaction were not disclosed.

PwC’s move follows several other acquisitions of consulting firms by the Big Four as they try and strengthen their advisory capabilities.

PwC sold its consulting arm to IBM following the Enron scandal but has been rebuilding it in recent years.

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