In an effort to bolster its automotive practice unit, global firm Grant Thornton LLP has acquired Restructuring & Performance Improvement Group from financial advisory firm Stout Risius Ross Inc.

Financial terms were not disclosed.

The RPI Group is comprised of three partners and 27 staff, with locations in Detroit and Chicago. Clients include various automotive suppliers and the Ford Motor Co.

The merged group will be headed by GT principal Kimberly Rodriguez and Nigel Ruddock, a partner in GT’s U.K.-based recovery and reorganisation team.

Grant Thornton ranked No. 7 on Accounting Today’s 2006 Top 100 firms list with annual revenues of $795.2 million.

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