EY, Parthenon Group Agree to Combine

New York-based Ernst & Young (FY13 revenue of $9.1 billion) and The Parthenon Group, a global management consulting firm, will combine, EY announced.

“The combination is a great match on many levels. Just one example: Parthenon has first class credentials in the education sector and EY is already committed to making a positive difference in this area around the world,” says Pip McCrostie, EY global vice chair, transaction advisory services.

The combined business will be part of EY’s transaction advisory services, operating under the Parthenon brand and the leadership of Parthenon’s chairman and MP Bill Achtmeyer. Parthenon is ranked among the top 10 management consultancies worldwide. It will advise clients on when and where to invest their capital and assess the viability of strategic objectives around growth opportunities and portfolio management.