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September 14, 2011

E&Y acquires Chicago TPC tax risk practice

Ernst &Young US (E&Y) has acquired the tax risk & process reengineering practice of True Partners Consulting (TPC), based in Chicago.

E&Y has also acquired TPC’s intellectual property related to the practice.

As a result of the transaction TPC’s professional staff will moved across to E&Y including Andrea Gronenthal, who has been appointed the Big Four firm’s Midwest tax performance advisory leader.

E&Y said the acquisition follows the growing demands for increased tax functions. “Globalization, regulation, increased transparency and shorter financial cycles are just some of the factors facing corporate tax leaders today. The depth and breadth of Andrea’s knowledge will provide clients with valuable insight,” E&Y Midwest tax managing principal Peter Griffin said.


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