PwC has been created by the merger of two firms — Price Waterhouse and Coopers & Lybrand — each with historical roots going back some 150 years. Set out below are some key milestones in the history of both firms.
1849 – Samuel Lowell Price sets up in business in London.
1854 – William Cooper establishes his own practice in London, which seven years later becomes Cooper Brothers.
1865 – Price, Holyland and Waterhouse join forces in partnership 1874 Name changes to Price, Waterhouse & Co.
1898 – Robert H. Montgomery, William M. Lybrand, Adam A. Ross Jr. and his brother T. Edward Ross form Lybrand, Ross Brothers and Montgomery.
1957 – Cooper Brothers & Co (UK), McDonald, Currie and Co (Canada) and Lybrand, Ross Bros & Montgomery (US) merge to form Coopers & Lybrand.
1982 – Price Waterhouse World Firm formed.
1990 – Coopers & Lybrand merges with Deloitte Haskins & Sells in a number of countries around the world.
1998 – Worldwide merger of Price Waterhouse and Coopers & Lybrand to create PwC.