Grant Thornton

Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.

Chicago-based GT, which is the No. 7 accounting firm, registered $2.4B in revenues during fiscal year 2023, ended July. It has about 10K staffers.

CEO Seth Siegel said the partnership with NMC empowers the firm “to deliver transformational, high-quality outcomes for our clients, our talented team members and the industry as a whole.”

GT will now enjoy “greater scale, resources and agility, while better positioning the firm to make targeted investments in talent, technology, infrastructure and enhanced capabilities,” he added.

New York-headquartered NMC has $50B in assets under management.

The deal is expected to close during the second quarter.

Kekst CNC, which is part of Publicis Groupe, has partners Daniel Yunger and Nathan Riggs, and senior associates Mark Fallati and Hallie Wolff handling GT.

Goldin Solutions' John Eddy represents NMC.