KPMG Buys Grant Thornton's Supply Chain Practice

The acquisition strengthens KPMG's existing restructuring services practice in the automotive, pharmaceuticals, aerospace and defense and other manufacturing industries by expanding current capabilities in financial and operational restructuring, supply chain advisory, supplier services, technology and performance improvement, say Mark Goodburn, vice chairman and head of advisory, for KPMG.

"As the already strong demand for large scale transformation and restructuring assistance continues to grow, this acquisition helps us provide the functional breadth and depth needed by large organizations across several key industry sectors," Goodburn says. "It's also consistent with our continuing strategy to build superior large-scale transformation capabilities to serve the world's top organizations."