Grant Thornton Advisors LLC has acquired the member firms of Grant Thornton in Belgium, France and Spain.
The three firms, which previously operated as independent national practices within the Grant Thornton International (GTIL) network, will now be integrated into Grant Thornton Advisors’ global platform. Financial terms of the transactions were not disclosed.
The acquisitions mark the latest phase in an aggressive roll-up strategy supported by New Mountain Capital. Since the summer of 2023, the private equity firm has backed the creation of Grant Thornton Advisors, beginning with the purchase of Grant Thornton’s US operations. The platform has since expanded through a string of acquisitions in Ireland, the UAE, the Netherlands, Switzerland, Liechtenstein, the Cayman Islands, Luxembourg and the Channel Islands.
The integration of Belgium, France and Spain is seen as strategically significant for reinforcing Grant Thornton Advisors’ European presence. “These are priority markets that will accelerate growth across continental Europe”, the firm said in a statement.
Clients are expected to benefit from a broader range of sector-specific expertise, as well as enhanced investment in technology and talent.
Grant Thornton France is by far the largest of the new additions, with 2,800 employees across 24 offices. Its client base spans CAC 40 and SBF 120 corporates as well as large mid-market companies. Grant Thornton Spain employs nearly 900 professionals across 10 locations, while Grant Thornton Belgium adds more than 250 professionals serving a diverse mix of clients.
Despite the ownership change, the Grant Thornton Advisors platform remains part of GTIL, which unites independent member firms in over 150 markets worldwide.
