Deloitte has acquired substantially all of the business of Monitor Group, a global strategy consulting firm that went bankrupt last November.
Like what you see? Click here to sign up for Accounting Today's daily newsletter to get the latest news and behind the scenes commentary you won't find anywhere else.
Monitor’s talent and assets will combine with Deloitte’s consulting strategy service lines and operate under the Monitor Deloitte brand globally. Monitor Deloitte will be co-led by partners Chris Lynch and Jonathan Goodman.
“Our ability to implement the advice we provide has always been a differentiator,” said Deloitte Consulting LLP chairman and CEO Jim Moffatt in a statement. “This acquisition further enhances our ability to serve clients from strategy to execution—helping them solve their most critical challenges and capitalize on opportunities in a dynamic global economy.”
The transaction was completed following approval by the U.S. Bankruptcy Court for the District of Delaware last Friday. Financial terms were not disclosed.
“Together we are an effective force with distinctive capabilities, and are deeply committed to helping our clients create new value and achieve transformational growth,” said Monitor president Bansi Nagji.