KPMG Consulting Announces Australian Acquisition | AccountingWEB

KPMG Consulting Announces Australian Acquisition

KPMG Consulting, based in McLean, Virginia, has paid $28.9 million for the Australia consulting arm of Big Five firm KPMG. The Australian group includes 329 partners. An undisclosed amount of the sale proceeds will be paid directly to the partners, the rest of the proceeds will be reinvested in the partnership.

KPMG Australia's chief executive, Lindsay Maxsted, commented on the sale: "It allows the consulting business to move forward as part of a global consulting company with access to capital and global reach."

The acquisition expands KPMG Consulting's presence in the Asia-Pacific area, where the company already enjoys market rights in Japan, Korea, New Zealand, Southeast Asia, and parts of Greater China. Australia is considered to be one of the largest consulting markets in the Asia-Pacific region.

Wait, there's more!
There's always more at AccountingWEB. We're an active community of financial professionals and journalists who strive to bring you valuable content every day. If you'd like, let us know your interests and we'll send you a few articles every week either in taxation, practice excellence, or just our most popular stories from that week. It's free to sign up and to be a part of our community.
Premium content is currently locked

Editor's Choice

WHAT KIND OF FIRM ARE YOU?
As part of our continued effort to provide valuable resources and insight to our subscribers, we're conducting this brief survey to learn more about your personal experiences in the accounting profession. We will be giving away five $50 Amazon gift cards, and a $250 Amazon gift card to one lucky participant.
This is strictly for internal use and data will not be sold
or shared with any third parties.