The origins of Grant Thornton’s Ireland merger with Grant Thornton US, announced today, can be traced back to April and a conversation between Steve Tennant and Seth Siegel. Grant Thornton’s US business was in the process of selling a piece of itself to private equity (PE) investors, with New Mountain Capital acquiring a majority position in the firm’s non-audit business. Siegel, the chief executive of the US business and a key architect of the New Mountain deal, asked Tennant, who headed the Irish business, if he were open to a deal. The two firms were part of the wider Grant…

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The inside story of how Grant Thornton’s US merger came about – and what it means

Grant Thornton Ireland’s advisory and tax business is being acquired by its PE-backed US counterpart. The deal follows months of behind-the-scenes negotiations and comes after the firm examined several other options with Deutsche Bank.

24th Oct, 2024 - 5 min read

Ian Kehoe

Executive Editor

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