Grant Thornton UAE has combined with Grant Thornton Advisors LLC, backed by New Mountain Capital, to enhance its service capabilities in the growing Middle Eastern professional services market.

Information on the Target

Grant Thornton UAE is a prominent provider of assurance, advisory, and tax services, boasting a strong presence with offices in Abu Dhabi, Dubai, and Sharjah. As a member of the Grant Thornton International network, the firm is well-regarded for its commitment to delivering high-quality professional services to its clients. This combination with Grant Thornton Advisors LLC, a global platform supported by the US-based private equity firm New Mountain Capital, marks a significant step forward for the firm as it expands its capabilities and reach in the professional services sector.

The integration of Grant Thornton UAE with Grant Thornton Advisors LLC allows for the convergence of local expertise with international resources. This strategic move positions the combined entity to offer enhanced services to a diverse clientele, drawing from a multinational presence that spans the US, Ireland, Luxembourg, Bermuda, Isle of Man, and Gibraltar.

Industry Overview in the Target’s Specific Country

The professional services market in the Middle East is on an upward trajectory, projected to grow at a compound annual growth rate (CAGR) of 5.8% over the next five years leading up to 2029. This growth is fueled by several factors, including increasing reg