Deal with award-winning business transformation firm to boost KPMG’s UK mid-market management consultancy practice.
Boxwood works 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.
The acquisition of Boxwood will further strengthen KPMG’s 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.
Commenting on the acquisition, 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.”
Richard Fleming added: “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.”
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Zoe Sheppard, KPMG Corporate Communications
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KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 11,500 partners and staff. The UK firm recorded a turnover of £1.9 billion in the year ended September 2014. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 162,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
Boxwood (www.boxwood.com) works with carefully selected organisations to design and implement business transformation programmes that deliver sustainable bottom line results. It achieves this by bringing together its extensive industry knowledge and functional expertise with its client’s in-depth knowledge of their business. Boxwood’s approach is to work in joint teams with its clients from the outset, building internal capability to ensure that business performance continues to improve long after the team has departed. Boxwood's work has been recognised by the prestigious MCA industry awards thirteen times in the past ten years.
This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.