Former PKF firm merges with Grant Thornton Brazil
Grant Thornton increases Brazillian presence with the merger of PKF firm Directa Auditores and an acquisition of KPMG’s outsourcing practice
A FORMER PKF INTERNATIONAL member firm has merged with Grant Thornton Brazil.
Directa Auditores will add 120 professional staff and a portfolio of listed and middle-market companies to Grant Thornton’s books following the acquisition.
GT also acquired the outsourcing practice of KPMG Brazil which includes 70 staff, 60 clients and $5.5m (£3.3) in revenues. The KPMG move means that Grant Thornton is now the third largest outsourcing provider in Brazil.
“We welcome both firms into the Grant Thornton family, joining more than 38,500 people in over 120 countries working together to help dynamic organisations unlock their potential for growth,” said Grant Thornton Global CEO Ed Nusbaum.
These deals follow an active 2013 in M&A activity for Grant Thornton which expanded in Luxembourg, the Netherlands, the eastern Caribbean, Canada, the UK, US, Japan, Italy, Paraguay, Ethiopia, South Africa, Indonesia, Switzerland, Taiwan, Senegal, Bangladesh, China and Hong Kong.
According to the Accountancy Age Top 35 International Networks, Alliances and Associations table, Grant Thornton is the sixth-largest Network by fee income.