CHICAGO, IL – October 3, 2018—Grant Thornton LLP has acquired TayganPoint Consulting Group, a well-known life sciences consulting boutique based in the greater Philadelphia area.
Founded in 2009, TayganPoint advises global organizations navigating complex transformation management projects, with particular expertise in healthcare and life sciences. TayganPoint has a demonstrated track record of delivering high-impact, execution-oriented results in the fields of business transformation and organizational change, business process improvement, and strategy alignment and execution.
The acquisition adds meaningful scale to Grant Thornton’s rapidly growing Business Consulting practice and bolsters the firm’s Advisory Services Atlantic Coast market presence. Approximately 50 full-time consultants and five senior executives will join Grant Thornton from TayganPoint.
Co-founders Joy Taylor and John Cassimatis will join the leadership team of Grant Thornton’s Business Consulting practice as the go-to-market leader and life sciences industry leader, respectively. Andrew Hunter, Joan Walker, and Amy Flynn join the firm as managing directors.
“TayganPoint is a premier consulting firm in its space and shares our commitment to serving clients through quality, fresh thinking and collaboration – an approach we call ‘Status Go,’” said Srikant Sastry, national managing principal of Advisory Services at Grant Thornton. “Together, Grant Thornton and TayganPoint will offer focused industry expertise, paired with Grant Thornton’s range of accounting and consulting offerings.”
“In getting to know the Grant Thornton team, we’ve been struck by the cultural and intellectual alignment between our organizations,” said Taylor. “The future is all about collaboration across our organizations to bring innovative solutions to clients.”
Fairmount Partners served as exclusive investment banking advisor to TayganPoint in the transaction.
Taylor said, “Our award-winning life sciences management consulting firm, TayganPoint decided to merge with Grant Thornton, one of the world’s leading advisory, tax and audit firms. Our team will become the key driver for GT’s life sciences consulting practice. This extremely successful result came at the conclusion of a very comprehensive transaction process lead by Fairmount Partners. Their exceptional team of life sciences investment bankers gave us outstanding support and guidance throughout the process, including the recommendation for our selected legal advisors. We look forward to a very successful partnership with Grant Thornton and thank Fairmount for helping us achieve our transaction goals.”
About TayganPoint Consulting Group
An award-winning management consulting firm, TayganPoint specializes in business transformation from strategy through execution. Deep industry knowledge blended with years of functional expertise enables TayganPoint consultants to successfully tackle their client’s most mission-critical issues. They understand that designing the strongest solution requires a fine combination of tools, methodologies and strategies that match the unique needs of the company – and its culture. Through a collaborative and hands-on approach, TayganPoint helps clients realize business benefits sooner than with traditional consulting methods, creating advantage in today’s globally competitive, fast-moving world. Learn more about us: http://tayganpoint.com/about-us/
About Grant Thornton LLP
Founded in Chicago in 1924, Grant Thornton is the U.S. member firm of Grant Thornton International Ltd, one of the world’s leading organizations of independent audit, tax and advisory firms. Grant Thornton, which has revenues in excess of $1.7 billion and operates 59 offices, works with a broad range of dynamic publicly and privately held companies, government agencies, financial institutions, and civic and religious organizations.
About Fairmount Partners
Fairmount Partners is a leading independent mergers and acquisitions advisory firm primarily serving professional services, information technology, life sciences and healthcare clients. The firm specializes in advising successful, entrepreneur led middle-market growth companies with mergers and acquisitions, capital raising and strategic advice. Fairmount has completed more than 200 transactions throughout North and South America, Europe, Asia and Australia. Fairmount Partners is a registered Broker Dealer, member FINRA (www.finra.org) and SIPC (www.sipc.org). For more information, please visit: http://www.fairmountpartners.com.
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