The Parthenon Group—a global strategy consultancy with 300 professionals in offices in Boston, London, Mumbai, San Francisco, Shanghai and Singapore—has officially joined Ernst & Young.
The deal brings together EY’s market leading growth, world-class brand and global reach with Parthenon’s extensive strategy capabilities across the Global 1000, private equity and education markets.
With the combination complete, Parthenon Group professionals and EY’s Investment Strategy practices will operate under the Parthenon-EY brand. Bill Achtmeyer, Chairman and founder of Parthenon, will lead Parthenon-EY, which will be part of EY’s global Transaction Advisory Services.
“Clients want broader, more strategic advice, and combining our strengths and resources significantly expands EY’s capabilities in the investment strategy market,” says Mark Weinberger, EY Global Chairman & CEO. “EY is delighted to welcome The Parthenon Group.”
Parthenon-EY will be strongly positioned in the marketplace to serve as a global strategic advisor. It will work with companies to develop investment strategies across the capital lifecycle, helping them determine when and where to invest and assess the viability of potential targets to achieve strategic objectives around growth and portfolio management.
“Our number one goal has always been to serve as the strategic advisor of choice for CEOs and business leaders by offering our clients a steadfast commitment to life-long partnerships and a high-impact, customized approach,” says Achtmeyer. “EY has long fostered the same culture and thinking. We’re thrilled to be part of the EY organization.”