Tuesday, December 11, 2007

Grant Thornton Acquires Pa. Consulting Group

Three partners and 50 professionals from GR Consulting have joined Grant Thornton after the accounting firm purchased the consulting unit of Goldenberg Rosenthal. Managing Partner Mike Rose is among the movers. With the acquisition, Grant Thornton now has about 225 people in the Philadelphia region. (GR is based in suburban Jenkintown, Pa., though Rick Gebert, Grant Thornton's managing partner in Philadelphia, told the Philadelphia Business Journal his plan is to ultimately move the group into the city.
Gebert said the skill sets of the GR Consulting professionals will fit nicely with Grant Thornton's focus on clients with between $100 million and $2 billion in revenue, as well as add deeper representation of industries such as health care and financial services. He said the GR Consulting professionals have particularly deep skills in areas such as governance and risk management, internal audit, operations improvement and information technology.
As for Goldenberg Rosenthal itself, Managing Partner Jay Weinstein said because GR Consulting operated independently and with a different client base, its departure should have no impact on its former parent.

Grant Thornton buys Goldenberg Rosenthal's consulting group [Phila. Business Journal]

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