M&A

Reuters: PwC eyes sale of government consulting arm

PricewaterhouseCoopers has enlisted the help of investment bank Morgan Stanley to help sell the professional services company’s government consulting business, Reuters reported Friday.

Private equity firms Veritas Capital and Madison Dearborn Partners could potentially bid for the unit PwC wants $500 million for, according to the report.

Reuters says PwC is eyeing the sale as a means to pursue more business in auditing government agencies as current professional standards limit the consulting services that audit firms can provide to agencies.

PwC is one of several firms the Defense Department has contracted to help the agency go through an audit eyed for completion by Sept. 30, 2018 -- the end of the current federal fiscal year. 

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • VIDEO: Explore the 2019 M&A Trends

    Editor Nick Wakeman interviews Kevin DeSanto of the investment bank KippsDeSanto about the highlights of their annual M&A survey and trends driving acquisitions in the federal space. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman and senior staff writer Ross Wilkers discuss the major news events so far in 2019 and what major trends are on the horizon. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.