New Mountain Capital has invested in Grant Thornton, an audit and assurance, tax, and advisory services provider situated in Chicago, Illinois.
The deal’s total value was not made public.
The money will be used by the business to expand its platform’s reach, capabilities, and agility.
It is the U.S. member firm of the global network of Grant Thornton International Ltd. and offers audit and assurance, tax, and advisory services.
It is led by CEO Seth Siegel. With nearly 50 offices across the country and $2.4 billion in revenue for the fiscal year that concluded on July 31, 2023, it is a community of over 9,000 problem solvers who value relationships and are prepared to assist businesses of all sizes and sectors in building more secure futures.
“The investment allows us to accelerate our current strategy and immediately enhances our value in the marketplace.” More scale, resources, and agility will be available to us, and the company will be in a better position to make strategic investments in infrastructure, talent, technology, and improved capabilities. Grant Thornton will strengthen our standing as the go-to platform in the sector.
Seth Siegel
About Grant Thornton LLP
- One of the biggest providers of audit and assurance, tax, and advisory services in the United States is Grant Thornton LLP (Grant Thornton), which is also the American member firm of the global network of Grant Thornton International Ltd.
- We go above and beyond the call of duty to personalize business and instill confidence in each outcome.
- With nearly 50 offices across the country and $2.4 billion in revenue for the fiscal year that concluded on July 31, 2023, Grant Thornton is a community of over 9,000 problem solvers who value relationships and are prepared to assist businesses of all sizes and sectors in building more secure futures. Since what we do is not as important to us as how we serve.
About New Mountain Capital
- New Mountain Capital is an investment firm based in New York that prioritizes long-term capital appreciation over debt by focusing on business development and growth.
- Currently, the company oversees $50 billion in assets across investment strategies including net lease, credit, and private equity.
- In carefully chosen industry sectors, New Mountain looks for what it considers to be the best growth leaders, and then works closely with management to increase the value of these businesses.
