• Register
Return to: Home > News > Public Sector > Veritas Capital acquires PwC USA public sector advisory business

Veritas Capital acquires PwC USA public sector advisory business

An affiliate of Veritas Capital, a private equity investment firm, has acquired PwC USA public sector advisory business.

PwC’s USA public sector business advises the governments at federal, state and local level on improved processes and risk management. Work in progress for public sector clients will be uninterrupted during the transition.

The 1,500 PwC partners and staff will maintain their position under Veritas’ ownership. But the business will rebrand and operate as an independent company.

PwC USA chairman and senior partner Tim Ryan said: “Our USA public sector business has an excellent brand and client base with a strong record of growth, and this transaction will provide the partners and staff with an opportunity for continued development for both their business and careers.”

Veritas Capital CEO and managing partner Ramzi Musallam said: “We could not be more pleased to acquire the USA public sector business, which has consistently demonstrated visionary leadership, deep sector understanding, and an unparalleled commitment to helping its clients solve pressing business issues.”

The deal’s closing is subject to regulatory approvals and other conditions and is expected to take place shortly following the completion of these conditions.

 

By Joe Pickard

Top Content

    2018 Digital Accountancy forum and awards: Digital transformation

    The Accountant presents highlights from The Digital Accountancy Forum & Awards 2018 panel discussions

    read more

    2018 Digital Accountancy Forum and Awards: Tech deep dive

    The second panel session of the day saw experts discuss how new technologies should not just be seen as a threat, and could be used to improve accounting.

    read more

    Digital Accountancy Forum and Awards: The power of data

    The third panel discussion of the day saw panellists discuss some of the worries their clients have had, how to overcome them, and how data and technology are providing real business opportunities.

    read more

    Digital Accountancy Forum and Awards: The next generation

    With young people more mobile, and technology changing the industry rapidly, the final panel session of the Digital Accountancy Forum looked at how firms would need to adapt to the new reality

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.