Grant Thornton Advisors has revealed plans to incorporate Grant Thornton Brazil into its multinational platform, furthering the platform’s reach into the largest market in South America.
This follows the recent similar agreements to add Grant Thornton New Zealand and Grant Thornton Poland to the platform.
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These additions will see the platform featuring 16 firms across 20 time zones.
Grant Thornton Brazil employs close to 2,000 staff and reports annual revenues exceeding $80m.
It delivers audit and tax services alongside advisory work, including business process optimisation.
Grant Thornton Brazil CEO Daniel Maranhão said: “Joining the Grant Thornton Advisors platform marks a transformative milestone for our firm, our clients and our professionals. Brazil is a dynamic, fast-evolving market and this move gives us the multinational reach, resources and strategic alignment to scale our impact.
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By GlobalData“We’re proud to represent Latin America on a platform that spans much of the globe. And we’re excited to help shape the future of cross-border professional services.”
The multinational platform was introduced earlier in the year, supported by a consortium of investors led by New Mountain Capital.
Its purpose is to integrate advisory and tax practices from various territories while having separate audit services.
The transaction is expected to close later this year.
The enlarged platform will continue to operate within the Grant Thornton International Limited global network, which has a presence in over 150 markets worldwide.
Legal guidance on the transaction was provided by Simpson Thacher & Bartlett and Lefosse Advogados for Grant Thornton Advisors while Mattos Filho advised Grant Thornton Brazil.
Grant Thornton Advisors CEO and Americas CEO Jim Peko said: “Welcoming Brazil – right after New Zealand and Poland – is a leap forward in our mission to build a truly cross-border professional services platform.
“We’re combining talent, technology and trust across 16 firms and 20 time zones to deliver seamless, high-impact solutions. Brazil’s scale, momentum and strategic relevance make it a cornerstone of this vision, and we’re honoured to have them on board.”
Agreements with Spanish, Luxembourgish, New Zealander, and Polish firms have also been announced recently, with their completion expected shortly.
The network has added firms focusing on strategic sectors such as Auxis and Stax.
