PricewaterhouseCoopers (PwC) and Booz & Company have signed a conditional merger agreement.
The proposed transaction is conditional on approval by Booz & Company partners, receipt of required regulatory approvals and other customary closing conditions.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Cesare Mainardi, CEO of Booz & Company, said: "We have an unwavering commitment to helping our clients succeed. This has been our mantra since our founder, Edwin Booz, invented the management consulting profession almost 100 years ago. Our goal is to help clients identify and build the differentiating capabilities they need to win. This potential combination would not only deliver on this innovative value proposition but would also help reinvent management consulting for the next century."
The Booz & Company partner vote is scheduled to take place in December and a further public announcement is expected by the end of the year.
Dennis Nally, chairman of PwC International, said: "We believe this proposed combination of Booz & Company with our existing Assurance, Advisory and Tax capabilities would create a stand-out professional services organisation that delivers first class quality services to a broad range of stakeholders. In particular, it would give CEOs the opportunity to work with a global consulting team that could provide services from strategy development right through to execution.
"One of the real strengths of PwC is the scope and quality of our services, giving us the ability to work with a wide range of stakeholders to build trust and solve important problems. Today’s proposed merger would only add to that strength."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataUntil the results of Booz & Company’s partner vote are known it will be business as usual, with both organisations staying fully focused on serving their stakeholders.
