Grant Thornton US and UK Battle for German Affiliate in Global Expansion Race

Grant Thornton UK and US are competing to acquire Grant Thornton Germany. The US arm has been expanding since a majority stake sale to a consortium in 2024, leading to acquisitions of Irish and attempted UK firms. This trend is expected to continue with Spain and India also open to acquisitions. Grant Thornton US has already secured deals with firms in the UAE, Channel Islands, Luxembourg, and the Netherlands. Private equity influx is reshaping the industry, with one-third of top US firms having been acquired by financial buyers in four years. Grant Thornton US is leading the consolidation of international sister firms, offering access to the US market. Grant Thornton UK and US are closely aligned and committed to the network’s growth. Grant Thornton Spain, Germany, Channel Islands, and UAE have not commented on the ongoing discussions.

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