SOURCE: Booz & Company

Booz & Company

October 30, 2013 08:00 ET

PwC and Booz & Company Announce Signing of Conditional Merger Agreement

NEW YORK, NY--(Marketwired - Oct 30, 2013) - PwC and Booz & Company are pleased to announce that they 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.

"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," said Cesare R. Mainardi, CEO of Booz & Company. "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 PricewaterhouseCoopers 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 organization 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."

Until the results of Booz & Company's partner vote are known it will be business as usual, with both organizations staying fully focused on serving their stakeholders.

About Booz & Company:

Booz & Company (booz.com) is a leading global management consulting firm focused on serving and shaping the senior agenda of the world's leading institutions. Drawing on the talents and insights of more than 3,000 people in 57 offices around the world, we help our clients achieve essential advantage by working with them to identify and build the differentiating capabilities they need to outperform.

Contact Information

  • Media Contact:

    Margaret Kashmir
    Global Media & Communications, Booz & Company
    +1-973-879-7213
    Email Contact