History of PwC

PricewaterhouseCoopers (PwC), formed in 1998 from a merger between Price Waterhouse and Coopers & Lybrand, has a history in client services that dates back to the nineteenth century. Both accounting firms originated in London during the mid 1800s.
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.

Waterhouse,Holyland

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 PricewaterhouseCoopers.

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