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re: PwC Renames Booz & Co.....Strategy&
Posted on 4/4/14 at 10:51 am to Cypdog
Posted on 4/4/14 at 10:51 am to Cypdog
The name is terrible...but let's not act like PwC (or any firm that matter) acquires firms this size on a regular basis. This is a billion dollar acquisition - there are not many more firms like Booz.
You have had consolidation with MBB at the top tier and then Accenture, EY, KPMG, Deloitte, IBM as the next tier of do-it-all firms. Maybe you toss Capgemini in for the discussion but they don't have the scale of the aforementioned.
In terms of other decent size consulting firms still out there...ZS Associates, Oliver Wyman, Roland Berger (mainly in Europe), LEK, AT Kearney, Point B, Booz Allen Hamilton (only government), Parthenon...those are off the top of my head.
Deloitte bought Monitor, PwC goes with Booz, KPMG has had multiple acquisitions lately but not in the strategy space (Link Analytics and Cynergy) and EY continue to grow out its FS capabilities primarily.
You have had consolidation with MBB at the top tier and then Accenture, EY, KPMG, Deloitte, IBM as the next tier of do-it-all firms. Maybe you toss Capgemini in for the discussion but they don't have the scale of the aforementioned.
In terms of other decent size consulting firms still out there...ZS Associates, Oliver Wyman, Roland Berger (mainly in Europe), LEK, AT Kearney, Point B, Booz Allen Hamilton (only government), Parthenon...those are off the top of my head.
Deloitte bought Monitor, PwC goes with Booz, KPMG has had multiple acquisitions lately but not in the strategy space (Link Analytics and Cynergy) and EY continue to grow out its FS capabilities primarily.
Posted on 4/4/14 at 3:44 pm to lynxcat
Sorry for the confusion. I did not mean to imply that I would expect them to continue to acquire firms of that size, more that all big 4, big 5, big 8 and so on have changed names and rebranded throughout their history. Mostly through some sort of consolidation or spin-off or for the sake of simplicity.
It is just my belief that when they go to market they will eventually realize it easier to have one name for all functions rather than several. They will probably ride the Booz name for a bit for credibility, when that wears off, simplify. I could be wrong.
The whole thing is a big deal and I am sure was hard to pull off with the number of partners across PWC and Booz.
It is just my belief that when they go to market they will eventually realize it easier to have one name for all functions rather than several. They will probably ride the Booz name for a bit for credibility, when that wears off, simplify. I could be wrong.
The whole thing is a big deal and I am sure was hard to pull off with the number of partners across PWC and Booz.
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