Booz & Company has announced plans to acquire Katzenbach Partners, the New York-based strategy firm launched a decade ago by former McKinsey & Company partners Niko Canner, Marc Feigan and Jon Katzenbach. Financial terms of the deal were not disclosed.
Katzenbach Partners, which has offices in New York, Chicago, Houston and San Francisco, was ranked No. 9 on Consulting magazine's Best Small Firms to Work For list in 2008. At that time, Katzenbach reported 170 billable consultants; that number has since shrunk to 115.
The deal marks the first significant acquisition Booz & Company has made since its split from Booz Allen Hamilton last May.
"Katzenbach's leadership in organizational transformation, outstanding reputation, values and strong track record among leading U.S. companies makes this a highly advantaged combination," says Shumeet Banerji, the CEO of Booz & Company. "Katzenbach's distinctive approaches will enhance [our] ability to help clients achieve their desired outcomes."
Jon Katzenbach added: "Together we can build a different kind of firm. We are committed to building on the legacies of both firms to strengthen a values-based consulting partnership that will be a leader for generations to come."
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