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Is Grant Thornton Building the Next Big Four Challenger?
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Subscribe30 APR 2026 / ACCOUNTING & TAXES
Grant Thornton US, which has been backed by New Mountain Capital since 2024, is acquiring its Australian member firm, which generates about $282 million in revenue. This acquisition is another move by the firm to integrate more of its global operations under a unified structure, following similar mergers with firms in Europe, the Middle East, and Asia. The new model aims to address client expectations for multinational coordination and consistent service quality. Analysts suggest this could represent the rise of a significant challenger to the Big Four accounting firms.
It used to take decades for accounting firms to build global scale. Now, it looks like it can happen in a few board meetings and a wire transfer. If you’ve been watching the mid-tier accounting space lately, you’ve probably noticed something feels differe...
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