Consultancy practice makes acquisition

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KPMG’s Northern Management Consulting practice has acquired Boxwood, a management consultancy which specialises in the delivery of business and operational transformation in the middle market.

London based Boxwood works with ambitious CEOs and their teams across the UK 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 builds on KPMG’s middle market consulting offering, further to last month’s announcement that the firm has launched a Northern Enterprise Consulting team, to help privately owned clients to drive performance and growth.

Commenting on the acquisition, 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. 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.”