Subsidiary of PwC | |
Industry | Management consulting |
Predecessor | Booz & Company |
Founded | 1914 |
Headquarters |
New York City, US 57 offices around the world |
Key people
|
Les Moeller (Global leader) Tony Poulter (Global consulting leader) |
Revenue | $1.3+ billion (2011) |
Number of employees
|
3,000 |
Website | www.strategyand.pwc.com |
Strategy& is a global strategy consulting firm originally established in the United States, in 1914, as Edwin G. Booz, Business Engineering Service (eventually becoming Booz Allen Hamilton) and is now a subsidiary of PricewaterhouseCoopers (PwC), which acquired the former Booz & Company on April 4, 2014. The firm is active in a broad range of sectors, including Energy, Healthcare, Financial Services, Chemicals, Telecommunications, Automotive, Aerospace, Media, Technology and Fast-Moving Consumer Goods (FMCG).
The company has 57 offices around the world. Seventy of the world's largest 100 corporations and 400 of the largest 500 US corporations are Strategy& clients and the firm has been involved in a number of important business episodes, including the dawn of the contract system for Hollywood movies, the merger of the National and American football leagues, and the rescue of the Chrysler Corporation from bankruptcy.
On October 30, 2013, it was announced that PwC would buy Booz & Company (owned by Booz Allen Hamilton until 2008), including the company's name and its 300 partners, subject to a December vote of the Booz & Company partners. The deal closed on April 4, 2014, and the firm was formally renamed to Strategy&.
After graduating from Northwestern University in Evanston, Illinois in 1914, Edwin G. Booz developed the business theory that companies would be more successful if they could call on someone outside their own organizations for expert, impartial advice. This theory developed into a new profession — management consulting — and the firm that would bear his name. Booz established a small consulting firm in Chicago, and two years later, he and two partners formed the Business Research and Development Company, which conducted studies and performed investigational work for commercial and trade organizations. This service, which Booz labeled as the first of its kind in the Midwest, soon attracted such clients as Goodyear Tire & Rubber Company, Chicago's Union Stockyards and Transit Company, and the Canadian & Pacific Railroad."