Grant Thornton creates global multidisciplinary platform following US-Ireland merger

Grant Thornton Advisors LLC in the United States and Grant Thornton Ireland have completed a transformative transaction to establish a global multidisciplinary platform. This ambitious initiative is set to redefine audit, tax, and advisory services for an expanding international client base, leveraging cutting-edge technology and a vast network of professionals.

The merger, supported by New Mountain Capital, integrates two high-performing entities from the Grant Thornton network into a unified structure, boasting 12,000 professionals and 50 offices worldwide. This move enhances the firm’s capacity to deliver comprehensive, quality-driven solutions while fostering seamless cross-border collaboration.

A Game-Changing Vision for Global Clients

Seth Siegel, CEO of Grant Thornton Advisors, described the merger as a pivotal moment for the firm. He noted that the newly established platform is designed to combine exceptional talent, advanced technologies, and a client-first approach to meet the evolving needs of global businesses.

“This transaction is about delivering unmatched value to our clients,” Siegel said, emphasizing the importance of fostering sustainable success while remaining an employer of choice in competitive global markets.

Steve Tennant of Grant Thornton Ireland, now a member of Grant Thornton Advisors’ Executive Committee, echoed these sentiments. Tennant highlighted the platform’s ability to deliver tailored, international solutions backed by a shared commitment to quality and innovation.

Strategic Backing by New Mountain Capital

The deal was underpinned by an investor group led by New Mountain Capital, a prominent growth-oriented investment firm managing $55 billion in assets. Andre Moura, managing director at New Mountain Capital, noted that the enhanced scale and expertise of the merged entity would deliver significant benefits to clients, partners, and staff. He also pointed to potential M&A opportunities to further expand the platform’s reach and capabilities.

Adam Weinstein, CFO and COO at New Mountain Capital, underscored the platform’s opportunity to broaden Grant Thornton’s premier client services across more markets worldwide.

Uniting Expertise Under One Brand

The unified platform combines Grant Thornton’s Trans-Atlantic advisory and tax practices while maintaining independent audit functions. Its operations will span the US, Ireland, and other territories, providing clients with a singular brand experience underpinned by powerful technologies and innovative methodologies.

As part of the broader Grant Thornton International Limited network, the new platform offers access to resources across 150 global markets, allowing clients to benefit from both local expertise and international reach.

Professional Growth and Employer of Choice

A key feature of the merger is its focus on becoming an employer of choice. The platform will provide unparalleled professional development opportunities for its employees, fostering a collaborative culture that bridges borders and disciplines. This strategic emphasis on talent development aligns with Grant Thornton’s goal to attract and retain top-tier professionals.

Expert-Led Execution

The transaction was expertly navigated with the support of leading financial and legal advisers. Deutsche Bank Securities Inc. served as the sole financial adviser to Grant Thornton Ireland, while A&L Goodbody LLP provided legal counsel. Jefferies LLC and William Blair & Company, L.L.C. offered financial advisory services to Grant Thornton Advisors and New Mountain Capital, with Simpson Thacher & Bartlett LLP, William Fry LLP, and Arthur Cox LLP delivering legal expertise.

Transforming the Professional Services Industry

This merger signifies a bold step for Grant Thornton in its mission to deliver superior client service. With advanced tools, comprehensive solutions, and a commitment to quality, the platform sets a new benchmark in the professional services industry.