Grant Thornton Australia joins Grant Thornton Advisors multinational platform

M&A · Partnership
โดย International Accounting Bulletin·AU·Read original
Summary · why it matters

Grant Thornton Australia has finalized a transaction to become part of the Grant Thornton Advisors multinational platform. The integration connects the Australian business with nearly 20 aligned practices across the Americas, Europe, the Middle East and the Asia-Pacific region, adding six offices and 1,500 personnel to the platform's Asia-Pacific operations, which already includes a 300-person workforce at Grant Thornton New Zealand. Grant Thornton Australia CEO Said Jahani will continue to lead the domestic practice while taking on the newly established position of Asia-Pacific CEO within the platform, reporting directly to Grant Thornton Advisors CEO Jim Peko. The agreement with the Australian practice was originally signed in April, and follows a separate transaction announced in July in which Grant Thornton Advisors entered into a definitive agreement to purchase US-based company CBIZ; upon completion of that acquisition, the multinational platform is projected to span more than two dozen countries and territories with a total workforce exceeding 35,000 professionals.

Impact on stocks 1

Industrials▲ · 1 stocks
CBIZ Inc
CBZ
± MixedCapitalrelevance

Mentioned as part of a separate acquisition by Grant Thornton Advisors, not directly impacted by this news.

Off-coverage companies 3

Grant Thornton AustraliaPrivate▲ Positive
Capitalrelevance

Joins the Grant Thornton Advisors platform, gaining access to a global network and new leadership role for its CEO.

Grant Thornton AdvisorsPrivate▲ Positive
Capitalrelevance

Expands its multinational platform by integrating Grant Thornton Australia, adding offices and personnel.

Grant Thornton New ZealandPrivate▲ Positive
Capitalrelevance

Part of the same platform, benefits from the addition of Grant Thornton Australia to the Asia-Pacific operations.

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