Chris Wakerley will lead the new arm.
KPMG is strengthening its management consultancy capacity as it targets UK’s middle-market with the acquisition of Boxwood.
UK firm Boxwood, delivers transformation programmes with the aim of driving profitable growth. It has been working across retail and consumer, infrastructure, TMT, private equity and life sciences.
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."
Chris Wakerley, KPMG partner and managing director of Boxwood, will lead the new arm which will initially operate under the KPMG Boxwood brand, with all staff transferring to KPMG offices.