Timothy Tracy is set to lead Ernst & Young (EY) private equity professionals in the Americas as they provide strategic deal guidance, customer and growth insights, diligence, cyber and other value creation services at the fund, transaction and portfolio levels.
Tracy succeeds Chris Smith, who retired on June 30 after a 29-year career at the firm. The practice spans 31 countries and Tracy had most recently been a global client service partner at EY and advising some of the largest EY PE clients. He has spent over three decades of his career at the firm over which he has gleaned experience across IPOs, buy- and sell-side transactions, value creation, take privates and corporate governance across the Americas, Europe and Asia.
“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.”
Previously, Tracy served as the East Region Assurance Managing Partner, where he oversaw the audit, financial advisory and forensics practices for EY U.S. 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.”
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.