New York-based auditing firm PricewaterhouseCoopers has acquired Chicago-based strategic management consulting firm Diamond Management & Technology Consultants for $12.50 per share in cash; a $378 million value.
The transaction is expected to close in the fourth quarter of this year, pending shareholder and regulatory approval.
Diamond, which employs more than 500 consultants in Chicago, Hartford, New York, Washington D.C., London and Mumbai offices, will join PwC's advisory practice.
Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio