PwC bolsters expertise to help entrepreneurs succeed

8 June 2010

PricewaterhouseCoopers will strengthen its Private Clients advisory, audit and tax capability with the announcement today that it will acquire specialist consulting firm, AshleyMunro.

AshleyMunro, a Brisbane based consulting firm, works exclusively with entrepreneurs and high growth businesses to realise potential, grow business capability and value, develop and implement sound tax strategies and manage employee relations and future organisational change.

It was founded in 1993 when Rob Ashley and Brendt Munro merged their businesses to create AshleyMunro. In 2004, Brendan Hay also merged his business to become part of AshleyMunro. AshleyMunro has an annual turnover of $5 million.

Brendt Munro, Rob Ashley and Brendan Hay will all join PricewaterhouseCoopers.

"The acquisition of AshleyMunro into PricewaterhouseCoopers is a great opportunity for our people and our clients."

"We are excited to be joining PwC's Private Clients practice that shares the strong focus we have - guiding the entrepreneurial success of private businesses. It is the right fit at the right time," said AshleyMunro Managing Partner, Rob Ashley.

Mark Johnson, CEO of PricewaterhouseCoopers Australia, said, "We welcome the AshleyMunro team to PwC's Private Clients practice."

"AshleyMunro brings a team of great people, talented professionals and innovative technology to PwC's practice. Strategically it is a perfect fit and will further bolster our already strong Private Clients team in Brisbane and nationally."

It is expected that the transaction will take effect from 1 July, 2010.

About PwC

PricewaterhouseCoopers provides industry-focused assurance, tax, and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 163,000 people in 151 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice.

'PricewaterhouseCoopers' refers to the network of member firms of PricewaterhouseCoopers International Limited, each of which is a separate and independent legal entity.