EY US names Timothy Tracy as EY Americas Private Equity Leader

EY US names Timothy Tracy as EY Americas Private Equity Leader

NEW YORK (July 18, 2023) Ernst & Young LLP (EY US) today announced the appointment of Timothy (Tim) Tracy as EY Americas Private Equity Leader. Tracy will lead EY private equity (PE) professionals in 31 countries in the Americas Area as they provide strategic deal guidance, customer and growth insights, diligence, cyber and other value creation services at the fund, transaction and portfolio levels. He succeeds Chris Smyth, who retired on June 30 after a 29-year career at the firm.

Tracy most recently served as a global client service partner, advising some of the largest EY PE clients. His more than 30 years of experience includes IPOs, buy- and sell-side transactions, value creation, take privates and corporate governance across the Americas, Europe and Asia. Previously, Tracy served as the East Region Assurance Managing Partner, where he oversaw the audit, financial advisory and forensics practices for EY US. He was also the Managing Partner in the EY Iselin (New Jersey) office.

“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.”

“I am delighted with Tim’s appointment as the EY Americas Private Equity Leader,” said Bridget Walsh, EY Global Private Equity Industry Market Leader. “Tim has fantastic experience and a great reputation as an outstanding client server. 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.”

Based in metro New York, Tracy is a certified public accountant licensed to practice in New York, New Jersey and Connecticut. He is a member of the AICPA and the New Jersey Society of Certified Public Accountants.

Tracy is a founding member of Ownership Works, a nonprofit with more than 20 PE firms dedicated to bridging the wealth gap through employee ownership, which aims to return $20 billion in equity to employees by 2030.

For more information about EY Private Equity Services, click here.

How EY Private Equity Services can help your business

Private equity firms, portfolio companies and investment funds face complex challenges. They are under pressure to deploy capital amid geopolitical uncertainty, increased competition, higher valuations and rising stakeholder expectations. Successful deals depend on the ability to move faster, drive rapid and strategic growth and create greater value throughout the transaction lifecycle. EY taps its global network to help source deal opportunities and combines deep sector insights with the proven, innovative strategies that have guided the world’s fastest-growing companies. Our clients discover powerful new ways to create unexpected paths to value — generating positive economic benefits for both investors and society. That’s the power of positive equity.

About EY

EY exists to build a better working world, helping create long-term value for clients, people and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws.

For more information about our organization, please visit ey.com.