EY has announced its acquisition of PeakEPM Limited, a UK provider of financial planning, stress testing and cost management consulting for financial services, industrial and energy firms.
The acquisition will combine PeakEPM’s technical modelling with EY teams’ financial transformation capabilities.
By combining these capabilities and the global scale of the businesses, EY said the acquisition 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.
Additionally, the acquisition will “support the growth” of EY Financial Services Consulting ambitions by “strengthening” the financial planning and analysis capabilities.
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, EY Financial Services partner and UK Finance leader, UK and Ireland, said: “The acquisition of PeakEPM represents a significant investment to strengthen EY as a leading organisation in financial planning and cost management consulting services.”
Anna Anthony, EY Financial Services managing partner, UK and Ireland, added: “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 EY, said: “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.”