EY acquires UK consulting business, PeakEPM Limited
EY announces the acquisition of PeakEPM Limited (“PeakEPM”), a leading UK provider of financial planning, stress testing and cost management consulting for financial services, industrial and energy firms.
The acquisition will support the growth of EY Financial Services Consulting ambitions by strengthening financial planning and analysis capabilities. Combining PeakEPM’s technical modelling with EY teams’ financial transformation capabilities and global scale will provide the foundations to build a broad and wide-reaching new service offering for EY clients as they transform and grow their businesses post-pandemic.
All of PeakEPM’s 27 full time employees – including three at associate partner and partner level – will join EY Financial Services Consulting teams in London, Edinburgh, Manchester and Newcastle.
Steven Lewis, financial services partner and UK Finance Leader, UK & Ireland, Ernst & Young LLP, comments: “The acquisition of PeakEPM represents a significant investment to strengthen EY as a leading organisation in financial planning and cost management consulting services. It demonstrates EY growth ambitions and commitment to helping clients access cutting edge strategy and implementation skills as they manage their operations post-pandemic. We look forward to welcoming PeakEPM, to create a truly market-leading financial planning proposition.”
Anna Anthony, financial services managing partner, UK & Ireland, Ernst & Young LLP, comments: “The acquisition is part of the wider EY financial services growth strategy and will bring in key additional competencies that EY clients will benefit from. PeakEPM has a strong reputation in the market for offering leading finance planning and cost management services and will build on EY teams’ current skills and credentials in this area.”
Harman Hundal, co-founder of PeakEPM and now UK Financial Services Consulting partner at Ernst & Young LLP, adds: “I speak for the whole team at PeakEPM when I say we are delighted to be joining EY! This acquisition represents a natural next stage for us, as we join forces with one of the biggest organisations operating in the financial planning and analysis market. Together I am confident we will boost the current market offerings and improve the reporting and cost management solutions available to businesses. This is an exciting next step in our journey.”