Grant Thornton, a Chicago, IL-based provider of audit and assurance, tax, and advisory services, received an investment from New Mountain Capital.
The amount of the deal was not disclosed.
The company intends to use the funds to add scale, resources and agility to consolidate its platform.
Led by CEO Seth Siegel, Grant Thornton is a provider of audit and assurance, tax, and advisory services — and the U.S. member firm of the Grant Thornton International Ltd global network. With revenues of $2.4 Billion for the fiscal year that ended July 31, 2023, and almost 50 offices nationwide, Grant Thornton is a community of more than 9,000 problem solvers who value relationships and are ready to help organizations of all sizes and industries create more confident futures.
Commenting on the news, Seth Siegel said: “The investment immediately enhances our value in the marketplace and enables us to accelerate our current strategy. We’ll enjoy greater scale, resources and agility, while better positioning the firm to make targeted investments in talent, technology, infrastructure and enhanced capabilities. Grant Thornton will further solidify our position as the industry’s platform of choice.”
FinSMEs
18/03/2024