KPMG Picks Up PricewaterhouseCoopers' Pieces

Posted by accountingweb on Aug 28 2001 192 printer friendly

In the latest of a series of divestitures of smaller U.S. offices, Big Five firm PricewaterhouseCoopers has announced a tentative agreement to sell its Virginia Beach, Virginia, practice to rival KPMG. It is expected that all 30 employees of this office will join KPMG. The group will continue to operate out of the same building for at least the two years remaining on its lease.

PricewaterhouseCoopers has been divesting itself of some of its smaller offices while focusing its efforts on larger metropolitan markets.

Other PwC offices destined for new owners include Omaha and Lincoln, Nebraska, Knoxville and Nashville, Tennessee, South Bend, Indiana, and Spokane, Washington.

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