PwC advises Central Co-op and Midcounties Co-operative on landmark merger to form OurCoop

PwC has advised Central Co-op and Midcounties Co-operative on their merger that completed on 26 January 2026, bringing together two leading independent co-operative societies to create OurCoop, the UK’s largest independent co-operative, with combined revenues of £1.8bn.

OurCoop brings together over 500 food stores, alongside Travel, Funeral Care, Early Years and Mobile, Energy and Broadband businesses, creating a diversified family of businesses designed to deliver greater impact for colleagues, Members and communities. The new society will have over one million Members and 13,000 Colleagues.

Central Co-op and Midcounties Co-operative are long-established, Member-owned co-operatives with deep roots in communities across the UK. Central Co-op had also completed the integration of Chelmsford Star co-operative into its Society in September last year.

The merger brings together complementary geographic footprints, sector expertise and operating capabilities, creating a stronger and more resilient co-operative. With increased scale, diversification and efficiency, OurCoop is well positioned to deliver long-term value for Members and colleagues, while remaining firmly rooted in co-operative values and principles.

PwC acted as Lead Adviser to both societies, providing strategic advice, merger management, business planning and integration support throughout the process. PwC also delivered financial, tax and pensions due diligence, alongside specialist tax and accounting advice, helping key stakeholders evaluate the merger and establish a robust platform for the future combined organisation.