EY US has appointed Tim Tracy as EY Americas private equity leader. He is based in metro New York.
In his new role, Tracy will lead EY private equity (PE) professionals in 31 countries in the Americas as they provide strategic deal guidance, customer and growth insights, diligence, cyber, and other value creation services.
He succeeds Chris Smyth, who retired on June 30 after 29 years at EY.
Tracy has been at EY since 1990. He has extensive experience leading advisory engagements in IPOs, buy- and sell-side transactions, value creation, take-privates, and corporate governance across the Americas, Europe and Asia.
Tracy most recently served as global client service partner, advising some of EY’s largest PE clients. Before that, he was assurance managing partner for the US East region, overseeing audit, financial advisory, and forensic practices.
Tracy also previously served as managing partner of the firm’s Iselin, NJ office.
He has a bachelor’s degree from Rider University and is a certified public accountant.
“Tim has fantastic experience and a great reputation as an outstanding client server,” said Bridget Walsh, private equity industry market leader, EY Global. “The EY investment of $1 billion to grow our PE capabilities is a powerful platform to drive our business forward, and I very much look forward to working with Tim to deliver this. I would also like to extend my heartfelt thanks to Chris Smyth, whose contributions have been pivotal to the success of Americas PE and laid the groundwork for our ambitious future growth.”
EY’s private equity practice delivers tailored services in value creation, exit readiness and IPO, deal origination, business process automation, and digital.
“PE firms have substantial dry powder and are looking to deploy it in companies with compelling growth stories,” said Tracy. “Having a clear understanding of the business’s cost drivers, the right competencies to deliver savings and sustainable practices to serve the customer base is essential. I am happy to have the opportunity to lead our teams across the Americas as they continue to deliver value to our PE clients throughout the investment cycle.”
Sourced from Consulting.US