A Diamond in the Rough

PwC completed its announced acquisition of Diamond Management Consultants for about $378 million on Nov. 2. The deal brings more than 500 Diamond consultants into the firm as PwC’s Diamond Advisory Services. It also brings a lucrative and ready-made client base, particularly in the healthcare and financial services sector.

Joe Kornik | November 30, 2010

Dana McIlwain PwC executives say the firm's latest acquisition already is paying dividends

PwC completed its announced acquisition of Diamond Management Consultants for about $378 million on Nov. 2. The deal brings more than 500 Diamond consultants into the firm as PwC's Diamond Advisory Services. It also brings a lucrative and ready-made client base, particularly in the healthcare and financial services sector. Diamond Chief Executive Adam Gutstein will become a member of PwC's Advisory Leadership Group and will lead the newly created PwC's Diamond Advisory Services. Consulting sat down with Dana McIlwain, U.S. Advisory leader for PwC, and Joe Duffy, PwC's U.S. Advisory strategy leader, to discuss the deal.

Consulting: Now that the deal is closed, where are you in the transition process?

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