Grant Thornton Acquires IPA 100, CCR LLP

Chicago-based Grant Thornton (FY10 net revenue of $1.1 billion) acquired Westborough, Mass.-based CCR LLP (FY10 net revenue of $29 million) on Dec. 1.

The acquisition expands GT’s presence in New England, doubling the size of the practice and expanding the firm’s current Boston office.  Additional offices in Westborough, Mass., Providence, RI, and Glastonbury, Conn., create an enhanced New England cluster of professionals and practices.

“Acquiring the practices of a large, full-service firm like CCR better enables us to serve clients throughout New England, broadens and deepens our talent base, and strengthens our foundation for growth,” says Stephen Chipman, GT’s CEO. “CCR’s talent and ingenuity complements our culture, our people and our instinct for quality and growth.”

An IPA 100 firm, and the second-largest non-national firm in New England, CCR focuses on audit and tax, along with economic and business advisory services.  Approximately 140 professionals from CCR will join GT.

“This transaction with CCR allows us to make great strides in enlarging Grant Thornton’s New England footprint,” says Scott Levy, GT’s New England MP.  “I’ve enjoyed getting to know the CCR partners and learning about our shared values and deep commitment to the profession and the community.  Together, we expect a smooth transition among employees and clients, and look forward to future successes.”

“We are excited to be joining Grant Thornton,” David Platt, CCR’s MP, says, who becomes assistant MP in New England. “Their well-deserved reputation will allow us to further our strategic objectives throughout New England and enhance our commitment to the dynamic middle market.  Most importantly, there are significant commonalities in our cultures and a shared dedication to providing outstanding client service.  In this case, one plus one equals far more than two.”