Ernst & Young has acquired the Tax Risk & Process Reengineering Practice of True Partners Consulting, a firm based in Chicago.

E&Y also acquired the intellectual property related to the practice as part of the deal. Financial terms of the transaction were not disclosed.

The acquisition will enable E&Y to expand its team and capabilities for helping corporate tax clients, especially in the Midwest, deal with globalization, regulation and other challenges.

As part of the deal, TPC managing director Andrea Gronenthal has been appointed Midwest tax performance advisory leader at E&Y. She and her team will now be based at E&Y’s Chicago office.

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