/>iChicago-based IPA 100 firm Grant Thornton (FY24 net revenue of $2.4 billion) and Fort Lauderdale, Fla.-based Auxis announced that they will join forces.
By acquiring Auxis, Grant Thornton will enhance its advisory services entity: US-based Grant Thornton Advisors LLC — which provides a range of services centered on strategy, transformation and operations. These include offerings across M&A, technology, finance, operations, sales and marketing, data, AI, cybersecurity and risk. Grant Thornton Advisors LLC also provides a complete slate of tax services.
Clients will have access to Auxis’ industry-leading and tech-enabled nearshore-outsourcing services — which span finance, information technology, human resources, customer service and specialized industry solutions.
Its outsourcing services are powered by an AI and automation practice that has garnered many awards. Additionally, respected analyst firms such as Everest Group and ISG have recognized Auxis as a top transformation and outsourcing company, citing its unique nearshore-centric delivery model.
With Grant Thornton, Auxis will be able to deliver a significantly broader portfolio of services with a truly multinational footprint — empowering clients to leverage the strengths of the top outsourcing destinations across Latin America, Asia, Europe and the Middle East.
“Bringing Auxis into the Grant Thornton platform is a milestone moment for us,” said Jim Peko, CEO of Grant Thornton Advisors LLC. “Auxis’ proven shared services, nearshoring expertise and tech-enabled solutions are a natural fit for our world-class model. This deal allows us to deepen client engagement and enhance our offerings — delivered with speed, scalability and quality.”
The deal with Auxis will further expand the Grant Thornton platform’s footprint by adding Auxis’ more than 1,400 highly-skilled, multilingual team members primarily located in Costa Rica and Colombia — with headquarters in Fort Lauderdale.
“Joining the Grant Thornton team provides Auxis the scalable and robust platform required to successfully help clients modernize their operating models — helping them thrive in a business environment marked by ever-increasing change and technology disruptions,” said Raul Vega, CEO of Auxis. “We are excited to integrate our innovative and tech-enabled, client-first services model into Grant Thornton’s leading Advisory Services practice. It could not be a better fit. Grant Thornton’s deep client relationships and reputation for excellent quality will enable us to deliver our value-added, technology-backed services to an even broader international clientele.”
The deal is expected to close later this year.
Baird served as a financial adviser to Grant Thornton. Simpson Thacher & Bartlett LLP, Ice Miller LLP and UB Greensfelder served as legal advisers to Grant Thornton. Clearsight Advisors, Inc. served as financial adviser to Auxis. Holland & Knight LLP served as legal advisers to Auxis.
