Grant Thornton Australia is moving ahead with plans to become part of Grant Thornton Advisors’ multinational platform.
The global platform brings together close to 20 aligned companies operating across the Americas, Europe, the Middle East and Asia-Pacific (APAC).
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If completed, the transaction would add Grant Thornton Australia’s annual revenue of $282m (A$392m), a team of around 1,500 people and six offices to the platform.
Grant Thornton Advisors expects the deal to enhance its ability to support cross-border mandates through multidisciplinary teams that “coordinate seamlessly across borders”.
The move would significantly deepen the platform’s presence in APAC, building on its existing base in New Zealand and creating further routes for regional expansion.
Grant Thornton Advisors CEO and leader of multinational platform Jim Peko said: “Grant Thornton Australia is a standout firm – with strong momentum, exceptional leadership and a culture that has earned deep respect in its market.
“Together, we can accelerate growth across the Asia-Pacific region while strengthening how we serve clients seamlessly across borders.”
The proposed deal follows a wide-ranging strategic review by Grant Thornton Australia, during which its board examined several options to progress the company’s strategy.
The board has recommended the transaction, which is expected to close later this year, subject to shareholder partner approval and standard regulatory conditions.
According to the company, joining the platform would support its growth agenda by broadening access to AI and other technology capabilities, while also opening additional career paths for future partners and high-performing staff.
The company would also continue as a member of the Grant Thornton International network after the deal completes.
Grant Thornton Australia CEO Said Jahani said: “This proposed transaction promises an exciting new chapter for our firm.
“Joining the Grant Thornton Advisors platform would give us accelerated access to emerging tech capabilities and growth capital, accelerating our ambition to build Australia’s most modern, internationally aligned professional services firm.”
