PwC to Acquire Booz & Co.

The partners of Booz & Co. have approved the acquisition of the firm by New York-based PwC (FY12 gross revenues of $10.2 billion). PwC and Booz & Co. will create a global operating model for the new combined business. The deal is expected to close in the first quarter of 2014. The branding for the business, under the PwC umbrella, is being jointly determined now and will be announced in the coming months, Booz announced. “Clients are demanding practical strategies that deliver sustainable outcomes. Our industry is responding with consolidation across the consulting spectrum,” said Cesare Mainardi, CEO of Booz & Co. “We believe this positions us together as a ‘Category of One’ – the only global consulting team that’s figured out how to truly bridge the best of operational and strategy consulting.”