Posted Nov 13, 2012, 3:33 PM
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Downtown defection – Price Waterhouse pulling out after 60+ years (CBC Hamilton, Paul Wilson, Nov 13, 2012)
Price Waterhouse, one of the Big Four global accounting firms, arrived in downtown Hamilton more than 60 years ago. Now it’s preparing to evacuate.
The company is known today as PricewaterhouseCoopers, or PwC for short. It checked into Hamilton’s oldest and most handsome skyscraper, the Pigott building, in 1951. The firm moved around in the years since, but always stayed in the core.
For the last two decades, PwC has had the first two floors of the mirrored tower at King and MacNab. About 100 people work for the company there. By next Labour Day, they will be reporting for duty in Oakville.
A thoroughly-modern six-storey glass box is rising there now, on Trafalgar Road near the GO station, just a few minutes from downtown Oakville. PwC will occupy half the building and has sign rights – look quickly and you might spot the firm’s logo from the QEW.
The move is a result of PwC merging its Mississauga and Hamilton offices, and it will have 425 working in the new building.
"We were tortured by this," says Raj Kothari, PwC’s managing partner for the Greater Toronto Area. "It’s like divorcing somebody...
"Hamilton is a wonderful city. It’s old Canada."
....
At one time, all of the Big Four accounting firms were in downtown Hamilton. But some years ago, Ernst & Young left for Mississauga and Deloitte left for a site on the 403 in Burlington.
With PwC’s departure, that leaves only KPMG. Last month, with whisky and charcuterie, the firm held a reception at its newly-renovated and expanded offices downtown, which serve as the hub for its Eastern Canada division.
KMPG declared that after 75 years in Hamilton, it was staying to be part of the revitalization of the core.
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