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.
