EY-Parthenon (often shortened as EY-P or EYP) is

Ernst & Young Ernst & Young Global Limited, trade name EY, is a multinational professional services partnership headquartered in London, England. EY is one of the largest professional services networks in the world. Along with Deloitte, KPMG and Pricewaterh ...

's global strategy consulting arm. The firm was established as The Parthenon Group LLC in 1991 by former

Bain & Company Bain & Company is an American management consulting company headquartered in Boston, Massachusetts. The firm provides advice to public, private, and non-profit organizations. One of the Big Three management consultancies, Bain & Company was fou ...

directors William "Bill" Achtmeyer and John C. Rutherford. In 2014 The Parthenon Group merged with professional services firm EY forming the new entity EY-Parthenon. The move was viewed as part of the continued efforts by the Big Four to move up the value chain from their traditional audit services into more lucrative areas of business, as well as to provide new points of entry to clients. The firm advises top management (C-Suite) on strategic issues across a broad range of industries including Private Equity, Consumer Products, Education, Financial Services, Healthcare, Information & Media, Advanced Manufacturing, Life Sciences, Oil & Gas and Technology. The firm competes with other top-tier strategy consultancies such as

McKinsey McKinsey & Company is a global management consulting firm founded in 1926 by University of Chicago professor James O. McKinsey, that offers professional services to corporations, governments, and other organizations. McKinsey is the oldest and ...

Bain Bain may refer to: People * Bain (surname), origin and list of people with the surname * Bain of Tulloch, Scottish family * Bain Stewart, Australian film producer, husband of Leah Purcell * Saint Bain (died c. 711 AD), Bishop of Thérouanne, Ab ...

and BCG as well as the strategy consulting arms of the other Big Four firms such as

Monitor Deloitte Monitor Deloitte is the multinational strategy consulting practice of Deloitte Consulting. Monitor Deloitte specializes in providing strategy consultation services to the senior management of major organizations and governments. It helps its clien ...

and

Strategy& Strategy& is the strategy consulting business unit of PricewaterhouseCoopers (PwC), one of the Big Four professional service firms. Strategy& is a global strategy consulting firm with a network of 75+ offices with 3000+ consultants around the wo ...

. Generally regarded as one of the most selective firms, consistently placing near the top of strategy consulting rankings, Parthenon has a large focus on

private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a ty ...

corporate strategy In the field of management, strategic management involves the formulation and implementation of the major goals and initiatives taken by an organization's managers on behalf of stakeholders, based on consideration of resources and an assessment ...

, and

mergers & acquisitions Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect ...

History and merger

EY-Parthenon was founded in 1991 as The Parthenon Group by William "Bill" Achtmeyer and John C. Rutherford, who at that time served as director at the management consultancy

. The founders established the firm to be a specialty boutique consulting firm leveraging the client relations they built during their time at Bain. In the subsequent years the firm grew rapidly and merged with Big Four professional services company

in 2014.

Expansion under the EY brand

Under the new name EY-Parthenon the firm pursued an aggressive expansion strategy growing its consultant base from approximately 350 in 2014 to 1,400 in 2018. This growth was realized organically through expanding teams with new recruits as well as inorganically by acquiring consulting firms. Over the period 2016-2017, EY-Parthenon acquired the Benelux, French and German branches of OC&C Strategy Consultants. It bolstered its

Asia Pacific Asia-Pacific (APAC) is the part of the world near the western Pacific Ocean. The Asia-Pacific region varies in area depending on context, but it generally includes East Asia, Russian Far East, South Asia, Southeast Asia, Australia and Pacific Is ...

offering through its acquisition of

Australia Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...

n boutique Port Jackson Partners in May 2020. It announced its first innovation collaboration with the global start-up ecosystem

Plug and Play In computing, a plug and play (PnP) device or computer bus is one with a specification that facilitates the recognition of a hardware component in a system without the need for physical device configuration or user intervention in resolving resou ...

in October 2020 to enable their clients to engage with disruptive digital technologies. As part of its expansion under EY, EY-Parthenon has published thought leadership in its focus sectors. For example, it has published several articles in the Education sector on helping underprivileged students secure employment, including a 2014 report for the

United States Department of Education The United States Department of Education is a Cabinet-level department of the United States government. It began operating on May 4, 1980, having been created after the Department of Health, Education, and Welfare was split into the Department ...

on its

Gainful Employment Broadly gainful employment refers to an employment situation where the employee receives steady work, payment from the employer and that allows for self-sufficiency. In psychology, gainful employment is a positive psychology concept that explores ...

rule, and a 2018 report for the

Boston Public Schools Boston Public Schools (BPS) is a school district serving the city of Boston, Massachusetts, United States. It is the largest public school district in the state of Massachusetts. Leadership The district is led by a Superintendent, hired by the ...

school district on better serving "off-track" youth. Since 2020, EY-Parthenon has partnered with

CNBC CNBC (formerly Consumer News and Business Channel) is an American basic cable business news channel. It provides business news programming on weekdays from 5:00 a.m. to 7:00 p.m., Eastern Time, while broadcasting talk sho ...

to produce and deliver ''Real World Strategy'', a video series on how CEOs can develop ambitious and actionable business strategies.

Rankings

In 2021, EY-Parthenon was ranked 5th globally in the Vault Consulting 50 as well as the 11th in terms of selectivity. It also ranked 8th in the Top 25 Strategy Consulting firms by consultancy.uk.

References

{{Reflist Ernst & Young Companies based in London International management consulting firms

History and merger

Expansion under the EY brand

Rankings

See also

References