EY-Parthenon buys US and UK based CMA Strategy Consulting

CMA Strategy Consulting has joined EY-Parthenon. The move helps the Big Four giant elevate its strategy and transaction-focused offerings and solutions across the digital infrastructure space.

With offices in Boston, San Francisco and London, CMA Strategy Consulting is a boutique strategy firm, focusing on the digital infrastructure space and the technology, media and telecommunications (TMT) industry. The company has 65 consultants across its operations, and provides a set of strategy and transaction offerings, solutions and differentiated sets of tools and methodologies across the digital infrastructure space. Its capabilities and services focus on data centres, fibre networks, towers, small cells, communications services, enterprise IT and more. 

Commenting on CMA’s merge with EY-Parthenon, CMA Founder and Managing Partner Nick Vantzelfde said, “We will be able to maintain our high-touch client relationships and our relentless pursuit of continuous improvement while further enabling us to support our clients as they take advantage of new opportunities.”

EY-Parthenon is Big Four firm EY’s global strategy consulting arm. It has been growing strongly in the last year, as clients look to it to help build a business strategy to make the most of the coming economic recovery. As the firm looks to meet this demand, EY-Parthenon has been working to boost its headcount organically – but its purchase of CMA will also help to this end.

Olivier Wolf, EY-Parthenon EMEA TMT Leader, commented, “We are delighted to welcome CMA to EY-Parthenon. This acquisition represents a significant investment and strengthens our position as a leading force in TMT and digital infrastructure consulting. We look forward to working with our new colleagues to achieve fantastic results for our clients by combining experience and scale to help them realise their strategies and build long-term value.”

The purchase is hoped to enhance how EY-Parthenon supports clients as they define their market context amid the post-pandemic landscape. It will also strengthen EY-Parthenon's ability to develop and deliver strategies that systematically create long-term value for clients. In the UK, it will build on three other acquisitions over the last six months, which have strengthened EY-Parthenon’s tech capabilities, and helped EY teams to meet the changing needs and demands of clients. These included deals for Pythagoras, Lane4, and Seaton Partners.

“The addition of CMA will enhance EY-Parthenon’s services for leading TMT companies and investors. As one team, we will help lead the way in the technology revolution,” concluded Barak Ravid, EY Global Technology, Media & Entertainment, Telecommunications Leader for Strategy and Transactions. “CMA’s leaders have played pivotal roles in the digital infrastructure revolution – their delivery approach and culture strongly align with the EY-Parthenon team.”