London: KPMG in the UK today announces that it has acquired Boxwood, an award winning management consultancy which specialises in the delivery of business and operational transformation. Terms of the acquisition were not disclosed.
Boxwood, a serial winner of MCA awards, has a reputation for working with ambitious CEOs and their teams to deliver complex transformation programmes that drive profitable growth.
The company has over 10 years market-leading expertise in the design and delivery of new business and operating models across a range of sectors including: retail and consumer, infrastructure, TMT (telecoms, media and technology) private equity and life sciences.
KPMG says the acquisition of London-based Boxwood will strengthen its existing management consultancy offering to the UK's middle market, at a time when the mid-tier is particularly active and companies are increasingly driving growth agendas.
Richard Fleming, Head of Advisory at KPMG, said: "This is a truly significant deal for KPMG as we seek to expand and enhance the range of consultancy services we provide, particularly to middle-market companies up and down the UK. 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 integration advisory offering — something that is increasingly in demand as the M&A market continues to improve.
"This deal swiftly follows our recent acquisition of Nunwood, a very different organisation to Boxwood, but one which has also boosted and broadened our advisory offering. We continue to see enormous opportunity in this growing part of our business, as corporates and public sector organisations seek to unpick issues which challenge them and drive growth in a complex economic environment."
The new arm, which will operate initially under the KPMG Boxwood brand, will be led by Chris Wakerley. All Boxwood staff will transfer to KPMG's offices, with Chris Wakerley and Matt Clark becoming partners of the firm.
Chris 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. This will also create fantastic career opportunities for all of our current and future employees. We are very much looking forward to working with our new colleagues in KPMG and to the next stage of our development."