Houston sourcing advisory firm EquaTerra Inc. has been acquired by KPMG LLP and two of its affiliates. The acquisitions is seen as a sign of KPMG’s intention to expand its consulting and advisory services in the ever-expanding global services universe.
Financial terms of the agreement were not disclosed.
Together the companies provide global sourcing and shared services advisory offerings.
Formed in 2003, EquaTerra operates 13 offices around the world.
Two years ago, the company spun off one of its business units to form EquaSiis, to provide business support services outsourcing and shared services.
New York-based KPMG is the fourth-largest accounting firm with offices in Houston with 850 employees, according to Houston Business Journal Book of Lists.