KPMG’s latest acquisition targets mid-market firms
London-based Boxwood specialises in delivering business and operational transformation in areas such as private equity, infrastructure, retail and consumer, and life sciences.
The deal follows last month’s announcement that the firm has launched a Northern Enterprise Consulting team to help privately owned clients to drive performance and growth. In May it also bought Leeds consultancy Nunwood, which advises companies on managing customers’ experiences and utilising their feedback.
David Muir, KPMG’s head of management consulting in the North, said: “This is a significant deal for KPMG as we seek to expand and enhance the range of consultancy services we provide in the North, from the largest corporates across the patch to the middle-market and medium sized companies that dominate our regional economy.
“Boxwood’s straightforward and hands-on approach to projects ensures that it consistently drives growth, improves profitability and unlocks value for its clients. Additionally, its track-record in providing post-deal transformation advice, particularly to private equity firms and their portfolio companies, complements our existing offering.”
The new arm, which will operate initially under the KPMG Boxwood brand, will be led by Chris Wakerley.
Mr Wakerley, KPMG partner and managing director of Boxwood, added: “This move is tremendously exciting for Boxwood, our clients and our people. KPMG’s broad capabilities, extensive experience and global reach will further enhance the value that we can deliver for our clients.”
Boxwood’s Matt Clark will also become a KPMG partner.
