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Partners in Performance being acquired by Accenture

Management Consulting

Partners in Performance acquired by Accenture

The Australian Financial Review reports that Partners in Performance is expected to join Accenture.

In 1996, Skipp Williamson, a former consultant at McKinsey, founded Partners in Performance. It has grown to be one of the top independent consultancies in the country, with over 600 employees on five continents.

If the deal happens in June as planned, it will likely make local lawmakers more upset.

Partners in Performance has been operating for almost 30 years and has a strong sense of independence. However, if Accenture were to acquire them, it would be a unique digital exit experience. It was similar to the acquisition of Port Jackson Partners by EY in 2020. Port Jackson Partners was founded by former McKinsey employees in 1991.

Williamson founded the company to challenge the "traditional model," emphasizing the need to go beyond "smart strategy" and make lasting organizational changes. The company offers a performance-based fee structure to its heavy industry clients, taking a percentage of the measurable benefit generated.

Williamson was included in AFR's 2018 list of powerful consultants in the country. The list included the CEOs of McKinsey, BCG, Deloitte, and PwC: John Lydon, Andrew Clark, Cindy Hook, and Luke Sayers. This inclusion showcases the success of the firm. Accenture's CEO, Peter Burns, was the only consultant on the AFR's previous year's list who directly helped a struggling business.

Burns has been responsible for the significant growth of Accenture in the A/NZ market, with the company's sales more than doubling in just two years, since he took on the top position in late 2021. This impressive growth has encompassed five strategic local acquisitions. In terms of Performance in People (PiP), the acquisition of Perth-based mining and energy consultancy ATI Solutions last year was possibly the most important.

The details of the latest potential deal are not yet known, but according to the AFR, Partners in Performance had revenues of around $120 million before the pandemic. The company was founded in Sydney with an agile approach and now operates in the US, UK, South Africa, South America, New Zealand, and Canada.

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