Grant Thornton International

Grant Thornton survey: M&A professionals prepare for deal volume increase

Retrieved on: 
Monday, March 25, 2024
Legal, Insurance, Human Resources, Finance, Consulting, Banking, Accounting, Professional Services, Small Business, Other Professional Services, Grant Thornton LLP, COVID-19, Telecommunications, Optimism, Organization, History, Grant Thornton International, Sale, M&A

The survey, which polled 238 M&A professionals, found that 81% of respondents expect deal volume to increase or significantly increase over the next six months.

Key Points: 
  • The survey, which polled 238 M&A professionals, found that 81% of respondents expect deal volume to increase or significantly increase over the next six months.
  • Forty-one percent of respondents expect valuations to increase, and 40% predict they will stay the same over the next six months.
  • Many respondents attributed the recent deal volume decrease to misalignment in valuation expectations between sellers and buyers.
  • Pitchbook data shows that in the IT sector, deal activity and especially deal value plummeted in 2023, with the overall IT deal value last year marking a six-year low.

Grant Thornton to accelerate business strategy with investment from New Mountain Capital

Retrieved on: 
Friday, March 15, 2024
Legal, Insurance, Human Resources, Finance, Consulting, Banking, Accounting, Professional Services, Small Business, Other Professional Services, Automation, Culture, Growth, Grant Thornton International, Partnership, Research, Simpson Thacher & Bartlett, LLP, Investment, Dechert, Calendar, Hunton Andrews Kurth, CPA

Grant Thornton LLP, one of America’s leading providers of audit and assurance, tax, and advisory services, and New Mountain Capital, LLC, a leading growth-oriented investment firm with approximately $50 billion in assets under management, today announced a significant growth investment to accelerate Grant Thornton’s business strategy.

Key Points: 
  • Grant Thornton LLP, one of America’s leading providers of audit and assurance, tax, and advisory services, and New Mountain Capital, LLC, a leading growth-oriented investment firm with approximately $50 billion in assets under management, today announced a significant growth investment to accelerate Grant Thornton’s business strategy.
  • Grant Thornton is fueling its strategy by offering dynamic professional-development paths and a singular culture that attracts and retains talented team members.
  • “Our partnership with New Mountain Capital empowers Grant Thornton to deliver transformational, high-quality outcomes for our clients, our talented team members and the industry as a whole,” said Seth Siegel, CEO of Grant Thornton.
  • Following the closing of the transaction, which is expected in the second calendar quarter of 2024, Grant Thornton will operate in an alternative practice structure: Grant Thornton LLP, a licensed CPA firm, will provide attest services — and Grant Thornton Advisors LLC will provide business advisory and non-attest services.

Alasdair Trotter joins Grant Thornton as national managing principal of Growth Advisory

Retrieved on: 
Monday, February 26, 2024
Finance, Consulting, Accounting, Professional Services, Insurance, University, Capital One, Huron Consulting Group, Culture, Tuck School of Business, Physics, Business, Organization, Innosight, Knowledge, Heart, Stanford University, Grant Thornton International, Management

Grant Thornton LLP, one of America’s largest providers of audit and assurance, tax and advisory services, today announced that Alasdair Trotter has joined the firm as national managing principal of Growth Advisory within the Advisory Services practice.

Key Points: 
  • Grant Thornton LLP, one of America’s largest providers of audit and assurance, tax and advisory services, today announced that Alasdair Trotter has joined the firm as national managing principal of Growth Advisory within the Advisory Services practice.
  • Trotter assumes the role from interim leader Scott McGurl , a longstanding principal who will continue to provide transaction advisory services to clients.
  • As the firm’s national managing principal of Growth Advisory, Trotter will help clients foster new business models and identify high-potential, long-term growth opportunities.
  • “From strategy and transformation to implementing innovation at all levels of an organization, Alasdair brings a wealth of experience and knowledge to Grant Thornton’s Advisory practice,” said Wade Kruse , national managing partner for Advisory Services at Grant Thornton.

Laser-Focused on Growth, CEO Coaching International Appoints Powerhouse Grant Thornton CMO John Harmeling as Chief Revenue Officer

Retrieved on: 
Wednesday, February 21, 2024
CMO, Marketing, Bank, Dream, AIG, Growth, MBA, University, Aflac, Ecosystem, BIG, Duke University, Grant Thornton International, Bank of America, Management

MIAMI, Feb. 21, 2024 /PRNewswire/ -- CEO Coaching International, the leading CEO coaching firm for growth-focused CEOs and entrepreneurs globally, is proud to announce the appointment of award-winning marketing and growth executive John Harmeling as Chief Revenue Officer.

Key Points: 
  • MIAMI, Feb. 21, 2024 /PRNewswire/ -- CEO Coaching International, the leading CEO coaching firm for growth-focused CEOs and entrepreneurs globally, is proud to announce the appointment of award-winning marketing and growth executive John Harmeling as Chief Revenue Officer.
  • During his tenure at Grant Thornton as CMO, Harmeling and his team helped drive significant increases in revenue growth for the firm.
  • "It is my esteemed honor to welcome John Harmeling to our leadership team," said President and COO Randy Dewey .
  • "John is a thoughtful and seasoned visionary who is unmatched in leading marketing and sales teams to extraordinary outcomes.

SPRINGLINE ADVISORY APPOINTS FORMER GRANT THORNTON CEO, J. MICHAEL MCGUIRE AS INDEPENDENT BOARD DIRECTOR

Retrieved on: 
Monday, February 12, 2024
Initial public offering, Culture, Grant Thornton LLP, Growth, Grant Thornton International, McGuire family, Management

DALLAS, Feb. 12, 2024 /PRNewswire/ -- Springline Advisory , a contemporary business advisory platform, is proud to announce the appointment of J. Michael (Mike) McGuire as an independent board member.

Key Points: 
  • DALLAS, Feb. 12, 2024 /PRNewswire/ -- Springline Advisory , a contemporary business advisory platform, is proud to announce the appointment of J. Michael (Mike) McGuire as an independent board member.
  • McGuire is renowned for his transformative leadership as CEO of Grant Thornton LLP, one of America's largest providers of audit and assurance, tax, and advisory services.
  • "Mike McGuire's board appointment marks a significant milestone for Springline Advisory as we continue to carve out a new path in the middle-market accounting and advisory landscape," said Tim Brackney, CEO of Springline.
  • During his 18 years at Grant Thornton, McGuire was instrumental in the firm's expansion and cultural development.

Grant Thornton survey: CFO confidence is on the rise

Retrieved on: 
Wednesday, February 7, 2024
Business, Retail, Transport, Other Professional Services, Other Technology, Legal, Software, Human Resources, Artificial Intelligence, Finance, Supply Chain Management, Consulting, Accounting, Professional Services, Logistics, Technology, Fintech, Data Analytics, Pillar, Growth, AI, Grant Thornton LLP, Environment, OECD, Artificial intelligence, CFOS, Grant Thornton International, Optimism, Organization

That’s an increase of 22 percentage points over the 45% who reported confidence in their supply chains last quarter .

Key Points: 
  • That’s an increase of 22 percentage points over the 45% who reported confidence in their supply chains last quarter .
  • It’s also the highest mark reported since the survey began asking the question in the fourth quarter of 2021 .
  • Fifty-seven percent said they are confident that they can meet their labor needs, up from 49% in the third quarter.
  • “Despite a turbulent economy and the current shipping crisis in the Red Sea, CFOs seem confident in their supply chain and in their growth projections,” said Paul Melville , national managing principal of CFO Advisory at Grant Thornton.

Grant Thornton taps Microsoft technology to help clients manage compliance and risk using generative AI

Retrieved on: 
Tuesday, February 6, 2024
Personal Finance, Finance, Asset Management, Consulting, Artificial Intelligence, Accounting, Professional Services, Technology, Growth, Grant, Risk management, AI, Microsoft, Risk, Grant Thornton International, Face, Organization

Grant Thornton LLP, one of America’s largest providers of audit and assurance, tax and advisory services, has deployed a new tool to help its internal audit, compliance and other risk management professionals streamline their clients’ control design and assessment processes.

Key Points: 
  • Grant Thornton LLP, one of America’s largest providers of audit and assurance, tax and advisory services, has deployed a new tool to help its internal audit, compliance and other risk management professionals streamline their clients’ control design and assessment processes.
  • The tool, which the firm calls Grant Thornton CompliAITM, utilizes generative artificial intelligence (AI), and was developed using Microsoft technology, including Microsoft Azure OpenAI Service.
  • “The Grant Thornton CompliAITM tool arrives at a time when businesses face numerous risks both inside and outside of their organizations,” says Ethan Rojhani, a Risk Advisory partner at Grant Thornton.
  • Rojhani stresses the importance Microsoft’s technology plays in the Grant Thornton CompliAITM tool: “This endeavor with Microsoft underscores our dedication to harnessing the full potential of generative AI models to drive efficiency, accuracy and value for clients across a range of industries.”
    Wes Luckock, a Risk Advisory senior manager at Grant Thornton, echoes this sentiment: “Grant Thornton CompliAITM embodies the fusion of Grant Thornton’s industry-leading know-how and Microsoft’s technological advancement.

SEI Appoints Sean Denham as CFO

Retrieved on: 
Monday, February 5, 2024
File, CFO, Risk management, Audit, PACT, Certified Public Accountant, Capital, McGonagle, Workforce, Ernst & Young, Employment, United Way, Commerce, Lehigh University, Special-purpose acquisition company, Grant Thornton International, Atlantic Coast, Culture, Delaware Valley, Accounting, Management

OAKS, Pa., Feb. 5, 2024 /PRNewswire/ -- SEI ® (NASDAQ:SEIC) today announced the appointment of Sean Denham as an Executive Vice President and Chief Financial Officer, reporting to CEO Ryan Hicke.

Key Points: 
  • OAKS, Pa., Feb. 5, 2024 /PRNewswire/ -- SEI ® (NASDAQ:SEIC) today announced the appointment of Sean Denham as an Executive Vice President and Chief Financial Officer, reporting to CEO Ryan Hicke.
  • Denham's employment will begin on March 18, 2024, and his appointment as CFO will be effective on the day following the resignation of current CFO Dennis McGonigle, whose departure plans were announced by SEI in July 2023.
  • Denham succeeds McGonigle, who has served in a number of different roles and leadership positions at SEI for nearly 40 years.
  • Sean leads by example and embodies the values that our stakeholders expect from us to the same degree as Dennis.

Grant Thornton names new executives to its Audit Quality Advisory Council

Retrieved on: 
Thursday, February 1, 2024
Consulting, Banking, Socially Responsible Investing, Personal Finance, Accounting, Professional Services, Small Business, Other Policy Issues, Legal, Public Policy, Government, Insurance, CFA Institute, Grant, GAAP, International, Audit, Division, Schacht, Jan Vansina, Chemistry, PCAOB, Council, Grant Thornton International, Risk, Sarbanes–Oxley Act, Trust, University, Pleasure, GAAS, Hughes

As part of its continued commitment to audit quality, Grant Thornton LLP, one of America’s largest providers of audit and assurance, tax and advisory services, has named two new independent members to its Audit Quality Advisory Council : Kurt Schacht and Helen Munter.

Key Points: 
  • As part of its continued commitment to audit quality, Grant Thornton LLP, one of America’s largest providers of audit and assurance, tax and advisory services, has named two new independent members to its Audit Quality Advisory Council : Kurt Schacht and Helen Munter.
  • Schacht assumes his new role immediately and succeeds Ann Yerger, who became a founding member of the Audit Quality Advisory Council when Grant Thornton initially created it.
  • “Kurt and Helen are two of the business community’s most accomplished leaders when it comes to audit integrity, and we welcome them to our Audit Quality Advisory Council,” said Seth Siegel , CEO of Grant Thornton.
  • To learn more about Grant Thornton’s focus on audit quality, read the firm’s most recent audit quality and transparency report .

Trintech Strengthens Commitment to Partner Ecosystem with Chief Partner Officer Appointment

Retrieved on: 
Thursday, February 1, 2024
Partnership, Tax, Growth, Ecosystem, Marketing, Investment, SVP, Advisory, Grant Thornton International, Adviser, Management

DALLAS, Feb. 1, 2024 /PRNewswire/ -- Trintech , a leading global provider of cloud-based financial close solutions for the Office of Finance, today announced the appointment of Mekaela Davis – its SVP, Partner Success & Global Advisory -- to Chief Partner Officer.

Key Points: 
  • DALLAS, Feb. 1, 2024 /PRNewswire/ -- Trintech , a leading global provider of cloud-based financial close solutions for the Office of Finance, today announced the appointment of Mekaela Davis – its SVP, Partner Success & Global Advisory -- to Chief Partner Officer.
  • As Trintech embraces the evolution of its business landscape, marked by a diverse and rich customer base, evolving market needs, and strategic acquisitions, the appointment of a Chief Partner Officer reinforces the company's commitment to building and maintaining a strong global partner network.
  • Trintech has seen firsthand the indispensable role played by our partner network in building new capabilities and delivering success for our customers," said Darren Heffernan, Chief Executive Officer of Trintech.
  • Davis has extensive experience building successful partner programs and curating teams and cultures that support ecosystem success.