The consulting company, founded back in the 1870s, has global headquarters located in the Netherlands and provides tax and advisory services.
KPMG is now expanding, as it has recently announced the acquisition of Boxwood, a niche consultancy. Boxwood is an award winning management consulting firm, specializing in the delivery of business and operational transformation in the middle market. The firm is located in London and works with ambitious CEOS and their teams throughout the UK to help execute complex transformation programmes and drive profitable growth for their companies.
The acquisition of Boxwood will be a welcomed addition to KPMG as the continue to grow their middle market consulting offerings. Last month, the company announced that the firm has launched a Northern Enterprise Consulting team, to help privately owned clients improve performance and drive growth.
David Muir, head of KPMG’s Management Consulting in the North, expressed his excitement for the deal, stating “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 corporations across the patch to the middle-market and medium sized companies that dominate our regional economy.”
Chris Wakerley, one of the founders of Boxwood, will head the new arm of the company, operating under the KPMG Boxwood brand.
Wakerley was also thrilled with the acquisitions and plans for the company moving forward, adding “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.” He continued, “we are very much looking forward to working with our new colleagues in KPMG and to the next stage of our development.”
KPMG has ambitious plans to grow its advisory business and double the firm’s revenue to £1.5 billion in the next three to four years. The move to acquire the Boxwood will certainly play a major factor in helping the company drive growth and reach these targets.