Accounting and consulting giant Grant Thornton has acquired Recovery Cost Auditing Group, a local assurance business based in Preston, Lancashire.
Recovery Cost Auditing Group (RCAG) performs forensic audits of retrospective billing of energy and telecom costs. The Preston-based company focuses on all aspects of telecommunications (voice, data, mobile), electricity, gas and water charges. RCAG works purely on a performance-related basis, on the premise that it obtains rebates and savings opportunities for their client.
In line with Grant Thornton’s ambition to broaden its accounting and administrative offering the firm has decided to purchase RCAG and integrate it into its Assurance business unit. "RCAG is a great business, and the team is highly experienced, with good long-term working relationships with all major energy and telecoms suppliers. This acquisition is part of our on-going strategy to broaden out our existing assurance offering for clients, and this is a great additional service to offer our dynamic client base, freeing up funds for them to reinvest in their business and help them grow," comments Scott Barnes, the CEO of Grant Thornton in the United Kingdom*.
A few months ago, Grant Thornton acquired BeAligned, a Belgium-based advisory firm with roughly 40 consultants that serves clients mainly the Benelux market.
* Per June 2015 Barnes will be succeeded by Sacha Romanovitch.