Grant Thornton, a Chicago-based provider of audit and assurance, tax and advisory services, has announced a growth investment from New Mountain Capital. The investment aims to accelerate Grant Thornton’s business strategy.
The partnership with New Mountain Capital will provide Grant Thornton with greater scale, resources and agility, enabling the firm to invest in talent, technology, automation, infrastructure and enhanced service capabilities.
The announcement comes as the firm approaches its 100-year anniversary. The investment of an undisclosed amount is projected to close in Q2 2024. Following the transaction, the firm will operate in a new practice structure—licensed CPA firm Grant Thornton will provide attest services, and Grant Thornton Advisors will provide business advisory and non-attest services.
