Press release
PA Consulting announces 2020 financial results
PA Consulting, the consultancy that’s bringing ingenuity to life, announces another record financial performance for the year ending December 2020. With its diverse teams of experts combining innovative thinking and breakthrough technologies, PA delivered for its clients, people and communities through a most challenging year.
2020 brought significant change for PA; the firm welcomed Ken Toombs as CEO in October, succeeding Alan Middleton after 13 years as CEO. In December, PA announced Jacobs (NYSE: J) as its new investor, bringing a successful five-year investment period with The Carlyle Group to a close. Adjusted EBITDA more than doubled over the period of Carlyle’s investment, which saw compound annual revenue growth of 12 per cent since 2016.[1] The Jacobs transaction valued PA at £1.825 billion reflecting the strength of PA’s offer and market position.