7 of Grant Thornton’s Biggest Clients (Ranked By Size)

Grant Thornton, a global accounting firm, specializes in audit, tax, and advisory services. Its loyal clients play a very big part in the company’s success. This may spark curiosity in you to know about the biggest ones. We explore who are Grant Thornton’s biggest clients and we rank them by size and revenue.

We’ve dug deep and found that the biggest clients (ranked by size) are Manitou Group, Spire Healthcare Group, Real Good Foods, and Mach Resources. 

Some of other Grant Thornton’s biggest clients are:

• Dolphin Entertainment
• Augmedix
• Kingswood Capital Management 

In this article, I’ll explore:

• Who are Grant Thornton?
• Who are Grant Thornton’s biggest clients by size?
• What services does Grant Thornton provide to these clients?

Who are Grant Thornton?

Established in London, Grant Thornton is a global provider of professional services. It is the seventh-largest professional services network of independent accounting and consulting member companies in the world by revenue and sixth-largest by number of workers. They offer assurance, tax, and advice services to public sector, privately held, and public interest organizations.

Grant Thornton International Ltd member companies operate in 147 markets with around 73,000 employees and generate US$7.5 billion in sales globally. This should pretty much tell you how big and important Grant Thornton are on the financial market and in the consultancy industry.

7 of Grant Thornton’s Biggest Clients

1. Manitou Group

Manitou Group is a public company that manufactures all-terrain material handling equipment for construction, agricultural, and industrial purposes. It’s based in Ancenis, France. (Source)

My research indicated that the company’s market cap is $818 million, with an annual revenue of $2 billion. That means the average revenue is approximately $444,444 for each of its 4,500 employees currently working here. (Source) 

The company has branches in many countries across the world, including:

• United States
• United Kingdom
• Italy
• Portugal
• Spain
• Belgium
• Germany
• Poland
• Russia, etc

(Source)

Having said that, Manitou Group has hired Grant Thornton to provide general advisory services, and if we have to be specific, it takes help in the following areas:

• Verifying the accuracy and completeness of social responsibility information.
• Assessing sustainability practices.
• Evaluating the societal impact of Manitou Group’s operations.

(Source)

2. Spire Healthcare Group 

Spire Healthcare Group is an independent hospital group in the United Kingdom.

With forty private hospitals and eight clinics in London, Midlands, North West, Scotland, etc, its revenue is skyrocketing! It has earned $1.4 billion in the previous year. Currently, its market cap is $1.23 billion. 

Also, this healthcare group has a team of 14,500 employees who are regularly contributing to its success. (Source) 

In 2022, Spire Healthcare Group put its trust in Grant Thornton to seek a fresh perspective on anti-fraud controls. Together, they have formulated a robust five-year strategy that serves as a guiding framework for the Counter Fraud Specialist’s initiatives. (Source)

3. Real Good Foods

If you’re a fitness freak, you may already know that Real Good Foods is a health- and wellness-focused frozen food company. (Source)

As of now, its market cap is $36.7 million, with an annual revenue of $138.4 million. (Source) 

With 560 employees working in its headquarters in New Jersey, Real Good Foods use Grant Thornton for services in:

• Financial Audit
• Assurance
• Compliance Verification

(Source)

And that’s not all! Grant Thornton also helps Real Good Foods in financial management, strategic planning, and risk mitigation. 

4. Mach Resources 

Based in Oklahoma City, Mach Resources specializes in producing oil & natural gas and acquiring NGL (Natural Gas Liquids) reserves.

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Mainly, its primary focus is on the Anadarko Basin region of Western Oklahoma, Southern Kansas, and the panhandle of Texas. (Source) 

In the last fiscal year, the company achieved a substantial revenue milestone, which totaled $124 million. 

With a workforce of 158 employees, its revenue per employee is $784,810. (Source)

That said, the current market cap of Mach Resources is $1.73 billion. (Source) 

Mach Resources got in touch with Grant Thornton so that it could review and verify the company’s financial data. (Source)

5. Dolphin Entertainment

Founded in 1966, Dolphin Entertainment produces television shows and movies for children and young adults. (Source)

Its headquarters is in Miami, United States. Apart from this location, the company’s offices are in:

• New York
• Los Angeles
• Boston 
• Nashville
• Brooklyn

(Source)

Last year, the company earned $40.5 million (with the current market valuation of $27.57 million), and a part of its success definitely belongs to the 213 employees working here! (Source)

According to my research, Dolphin Entertainment appointed Grant Thornton as its independent auditor in 2022. (Source)

6. Augmedix

Augmedix (headquartered in San Francisco) is a publicly traded company that provides data services to large healthcare organizations and physician practices, including:

• Medical offices
• Clinics
• Hospitals
• Emergency departments
• Telemedicine companies

Talking about numbers, it has reportedly earned $12 million as of now. In the previous year, the company earned $31 million. (Source) 

Currently, the company’s market cap is $124.1 million. (Source)

Apart from the monetary figures,  Augmedix maintains a workforce of approximately 1,000 to help it stay on its feet! (Source) 

Recently, Augmedix brought in Grant Thornton as its independent auditor. The accounting firm is responsible for auditing its financial statements to provide an independent and objective assessment of its financial position. (Source)

7. Kingswood Capital Management 

Kingswood Capital Management is a private equity investment firm in Los Angeles, California. It mainly focuses on investing in lower-middle market companies in the North American region, operating in the following sectors:

• Business 
• Government 
• Healthcare 
• Consumer
• Energy
• Industrials
• Retail
• Technology
• Media
• Telecommunications

(Source)

With some digging, we found out that its annual revenue is $18.7 million (market cap of $43.21 million), and a workforce of more than 25 employees. (Source)

Kingswood Capital Management has recently completed the acquisition of Covenant Testing Technologies. 

The success of this move was facilitated by Grant Thornton’s advisory services in guiding Kingswood throughout the investment process. (Source)

A Glassdoor review by a consultant at Grant Thornton says: “I am absolutely thrilled to be a part of Grant Thornton! Recently, I had the incredible opportunity to join the team where my role involved providing M&A advisory services to Kingswood Capital Management.”

Grant Thornton’s Biggest Clients Ranked By Size of Annual Revenue

In the end, here is a list of Grant Thornton’s biggest clients (ranked by size) for quick understanding:

Being a consultant at Grant Thornton

A consultant working at Grant Thornton wrote (on Glassdoor): “The experience has been nothing short of exhilarating, and I’m proud to be associated with a firm that not only values expertise but also fosters a collaborative and dynamic environment. Grant Thornton’s commitment to excellence has allowed me to contribute meaningfully to impactful projects, and I look forward to continued growth and success with this exceptional team.”

Consultant bonuses

Consultants at big companies like this usually receive a pretty good package, such as an annual bonus. You can read what annual bonuses consultants get at leading companies in this article.

Preparing to become a consultant?

We have helped hundreds of people begin their journey as a consultant and enter the consultancy industry. You can check out our Recommended Resources section where we list few but powerful materials to aid your preparation to enter the consultancy world.