IT’s OFTEN THE CASE that acquisitions of one firm by another sees the latter’s brand retained, for a time.
The usual reason for this is to not upset the client base, which, in some cases, might have chosen the firm over its now acquirer.
But where the acquirer is a global business, namely KPMG, and the acquisitions is a twenty-year old board advisory firm, Makinson Cowell, you’d expect the co-founder’s names to disappear into the ether. Not so.
The brand will live on – alongside KPMG’s – as Makinson Cowell/KPMG.
This is unlikely to be forever sustained – the Makinson Cowell brand will probably be ushered off stage left at some point when nobody’s looking.
But it does illustrate that in a world where the large firms are viewed as all-consuming and powerful, the last thing they want to do is give Makinson Cowell’s clients the jitters. After all, Makinson Cowell, apparently boasts a large number of FTSE CEOs on speed dial. KPMG won’t want to ride roughshod over them.
Oh, and the word ‘independent’ is used eight times in the press release of the deal.
Partners at the insolvency firm Craig Povey and Kevin Murphy were appointed liquidators on 2 February
Fraser Nicol joins the firm from EY, bringing experience in cyber security, data analytics and business technology
Rowan Williams will be responsible for growing the firm’s presence in the Gatwick Diamond and across the south east
Kevin Humphreys joins the insolvency and restructuring firm from the National Crime Agency (NCA) Economic Crime Command