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Grant Thornton LLP Acquires Assets of CCR LLP

The transaction, effective today, expands Grant Thornton's presence in New England, doubling the size of the practice and expanding the firm's Boston office. Additional offices in Westborough, MA, Providence, RI, and Glastonbury, CT create an enhanced New England cluster of professionals and practices well suited to continue to serve the region's leading industries.

"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," said Stephen Chipman, Grant Thornton LLP's chief executive officer. "CCR's talent and ingenuity complements our culture, our people and our instinct for quality and growth."

A top-100 accounting firm in the U.S. and the second-largest non-national accounting firm in New England, CCR primarily focuses on audit and tax, along with economic and business advisory services. Approximately 140 professionals will join Grant Thornton, bringing expanded expertise and additional resources to support insurance organizations, government and municipal agencies, and private wealth services.

"This transaction with CCR allows us to make great strides in enlarging Grant Thornton's New England footprint," said Scott Levy, Grant Thornton's New England managing partner. "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," said David A. Platt, CCR's managing partner, who becomes assistant managing partner 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."

The expanded Grant Thornton will continue to support both firms' shared commitment to the community, employee wellness, continuous learning and development, and women's initiatives.

Grant Thornton has recently been honored once again for its strong reputation, enviable culture and market-leading human resources programs. In 2011, career intelligence website Vault.com named Grant Thornton number one in its annual survey, "Best Accounting Firms to Work For" and number three in "Diversity for Women." Most recently, Grant Thornton finished No. 1 in Accounting News Report's analysis of third-quarter SEC auditor change based on data compiled by AuditAnalytics.com. Grant Thornton finished first in net gain engagements, net gain revenue audited, market cap audited and audit fees.

About Grant Thornton LLP

The people in the independent firms of Grant Thornton International Ltd provide personalized attention and the highest quality service to public and private clients in more than 100 countries. Grant Thornton LLP is the U.S. member firm of Grant Thornton International Ltd, one of the six global audit, tax and advisory organizations. Grant Thornton International Ltd and its member firms are not a worldwide partnership, as each member firm is a separate and distinct legal entity.

In the U.S., visit Grant Thornton LLP at www.GrantThornton.com.

Grant Thornton LLP
Tim Blair
T 312 602 8888
E tim.blair@us.gt.com