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.