PwC Wraps Up RGI Deal

PwC US has acquired the information technology and program management consulting firm, Ray Group International LLC, for an undisclosed sum. The deal closed on Nov. 6, 2012.

RGI gives PwC a stronger footing in technology consulting and implementation for its clients within the public sector, particularly in the areas of IT strategy, enterprise architecture and program management.

In light of the deal, RGI's consultants will join PwC's existing team of professionals that serve the public sector. Former RGI CEO, Ronald Ray, former RGI president, Michael Louden, and former RGI COO, Michael Hecker, have also joined PwC and will work in key leadership positions.

"We are very pleased to welcome Ray Group's highly skilled team of professionals to PwC's public sector practice," Scott McIntyre, PwC's U.S. public sector practice leader, said in a statement. "The core skill set of the RGI team strongly complements PwC's existing services in health care IT, program management and communications consulting. Their client-centric approach mirrors our own, and we know they will bring tremendous additional value to our clients. PwC's Public Sector practice helps solve critical issues that matter most to our federal government clients and this capability enhances our ability to add value to these complex challenges."

The acquisition reflects PwC's commitment to building depth in areas that meet the needs of its clients, addressing their most complex business challenges, from strategy to execution.

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M&A Financial reporting
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