Grant Thornton US Sells Majority Stake to Private Equity Firm

Grant Thornton US has sold a majority stake to a private equity firm, marking a significant shift in the company's ownership structure.

The deal is worth $2.7 billion, a substantial investment that will help Grant Thornton US expand its services and grow its global presence.

Grant Thornton US will continue to operate independently, with its existing management team remaining in place to lead the company.

The private equity firm, Leonard Green & Partners, has a proven track record of investing in professional services firms, and its expertise will be invaluable in helping Grant Thornton US achieve its strategic goals.

Grant Thornton US sells majority stake to private equity, a significant move in the accounting industry. This deal is a major shift in ownership for Grant Thornton, with the private equity firm KKR acquiring a majority stake in the firm.

Grant Thornton US has a long history, dating back to 1924. The firm has grown significantly over the years, with a presence in over 40 states.

The deal with KKR is expected to provide Grant Thornton US with the resources it needs to continue growing and expanding its services. This includes investing in new technologies and hiring more staff.

Grant Thornton US is one of the largest accounting firms in the US, with over 7,000 employees. The firm provides a range of services, including audit, tax, and advisory services.

The partnership with KKR is expected to bring new expertise and capabilities to Grant Thornton US. This includes access to KKR's global network and resources.

The deal is subject to regulatory approval, but it is expected to be completed in the near future.

Private Equity is taking a majority stake in Grant Thornton, a move that's got everyone in the industry talking. The deal is a big one, and it's likely to have a significant impact on the firm's members.

The owners of Grant Thornton are the same as those of Citrin Cooperman, which suggests a possible merger between the two firms. This could be a strategic move to consolidate resources and expand their reach.

Private equity firms typically have an exit strategy in mind before investing in a company, and it's likely that they will consolidate the various mid-tier firms in the industry. This could lead to a new era from the Big 4 to the Big 5, with partners being paid handsomely and salaries remaining stagnant to keep costs down.

Marcum is another firm that's being mentioned in the context of this deal, with some people predicting they will enter the scene soon.