KPMG US acquires restructuring firm BBK

KPMG US has acquired restructuring advisory firm BBK.

KPMG US said the deal will expand its integrated transactions and restructuring services "to help manufacturers and their suppliers in the automotive and industrial sectors address financial and operational challenges".

As part of the transaction, BBK chief executive officer Bill Diehl will join KPMG US as co-leader of the firm's operational restructuring practice.

BBK was founded 1977 and it helps clients implement strategic, process-driven approaches to solve complex financial and operational challenges.

Financial terms of the agreement have not been disclosed.