Deals
Consulting Industry M&A Could Get Boost From EY’s Possible Split
- Deal volume in the US has cooled from last year’s record pace
- Most deals focus on building digital, data-analytics expertise
The Ernst & Young building in New York.
Photographer: Stephen Yang/Bloomberg
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Dealmaking in the consulting world has slowed after a record-setting pace in 2021, but demand for digital expertise along with a shakeup at one of the Big Four accounting firms should keep the deals flowing.
US consulting-industry mergers and acquisitions have cooled this year due to rising interest rates, Russia’s invasion of Ukraine and increased economic volatility, according to a report from London-based Source Global Research, which tracks the sector.