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PwC has announced it has acquired a boutique advisory firm, with three partners and 40 staff joining the big four firm under the deal.
PwC acquires advisory firm, appoints three partners
02 April 2015
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2 minute read
PwC has acquired the Appian Group, a Sydney-based advisory firm focused on health and social infrastructure.
Sean Gregory, PwC managing partner, deals, said the acquisition is part of a deliberate effort to grow PwC’s advisory capabilities.
“With increasing demand for social infrastructure and urban renewal in Australia, growing our advisory capability is a priority and we are delighted we can now leverage Appian Group’s exceptional credentials and strengths in the sector,” Mr Gregory said.
We are responding to government and private sector demand for social infrastructure created by the megatrends of changing demographics and increasing urbanisation."
“With the Appian acquisition we will be able to meet demand in the market for ensuring these large scale projects meet their business case through project management and smarter processes from plenary to construction,” Mr Gregory said.
Three new partners - Steve Cary, Richard Mickle and Nadia Van Dommelen, as well as 40 staff - will join PwC’s capital projects and infrastructure team, which sits within PwC’s deals business.
Mr Mickle said joining PwC was an easy choice and will help the Appian Group to better serve its clients.
“Joining PwC is a natural progression to reinforce and expand the breadth of services that we offer existing and future clients,” he said.
Appian was formed in 2002 and has worked on a diverse set of projects, including NSW Health, the Fiona Stanley Hospital project, the Supreme Court Redevelopment, Elizabeth Quay and Midland Health Campus.
Commercial terms were not disclosed.
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