Jeffrey A. Parker deal beefs up Ernst & Young infra biz

Ernst & Young has bought Jeffrey A. Parker Associates, a noted expert on privatisation. The deal is designed to establish the tax accounting giant as a PPP service provider.

Ernst & Young (EY) has strengthened its infrastructure business with Thursday’s acquisition of Jeffrey A. Parker Associates (JFA), a public-private partnership (PPP) consultant highly regarded in America.

Perennial ‘Big Four’ accounting firm EY noted JFA has a PPP advisory business currently worth $15 billion. A touted contract and effective campaign as adviser to the Florida Department of Transportation on its $900 million Port of Miami Tunnel project as well as a billion-dollar managed lane concession of Interstate 595 helped burnish JFA as a top-tier consultant to the public sector.

Building on its success with FDOT, JFA went on to guide the Oregon Department of Transportation on exploring a PPP programme. Recently, the company teamed with EY in a consortium bidding to advise Yonkers Public School on a $700 million social infrastructure project.

Rebranded as Ernst & Young Infrastructure, the erstwhile JFA was acquired to “deepen the Ernst & Young talent pool in infrastructure advisory”. Mike Parker, son of JFA founder Jeffrey Parker, will head Ernst & Young Infrastructure. His father, meanwhile, has been named a senior managing director.

Currently, Ernst & Young Infrastructure is providing advice on the Tappan Zee Bridge replacement plan and the projected Goethals Bridge project in New York, as well as guiding the Georgia Department of Transportation (GDOT) on a projected multimodal transportation complex in Atlanta.