LONDON, Feb. 19, 2020 /PRNewswire/ -- PA Consulting, the consultancy that's bringing ingenuity to life, announces record fee income of £500 million for 2019, a 10 per cent increase on 2018. PA's clear purpose and strategy has put the firm on an accelerated growth path, delivering ahead-of-market performance. PA is now set to double the business in the next five years.
A successful partnership with The Carlyle Group, the global investment firm, which took a 51 per cent stake in PA during 2015, has enabled PA to enhance its end-to-end innovation capabilities by acquiring a number of specialist consultancies. In 2017-19, PA bought consumer insights company Sparkler, digital experience and design firm We Are Friday, aviation consultancy Nyras, and, in the US, the innovation strategy and product design business Essential Design and the specialist growth strategy firm 4iNNO.
As a result of PA's strong business performance, the board of directors has decided to explore options for the next investment cycle and has initiated the initial stages of this process. PA's preference is to seek future investment in a similar Private Equity type structure. This will enable PA to remain an independent consulting business and to continue to deliver great outcomes for PA's clients and great career opportunities for its people.
Alan Middleton, PA Consulting's CEO, said: "PA has a clear purpose and a strong track record of ahead-of-market growth. We're perfectly positioned to deliver on our ambitious growth plans, through bringing ingenuity to life for our clients and our people."
We believe in the power of ingenuity to build a positive human future in a technology-driven world.
As strategies, technologies and innovation collide, we create opportunity from complexity.
Our diverse teams of experts combine innovative thinking and breakthrough technologies to progress further, faster. Our clients adapt and transform, and together we achieve enduring results.
An innovation and transformation consultancy, we are over 3,200 specialists in consumer, defence and security, energy and utilities, financial services, government, healthcare, life sciences, manufacturing, and transport, travel and logistics.
We operate globally from offices across the Americas, Europe, the Nordics and the Gulf.
PA - Bringing Ingenuity to Life
SOURCE PA Consulting