SPAC Accounting League Tables

Q1 2019 Snapshot

Withum put in another dominating performance in Q1 2019, working on six deals that raised over $1.5bn, good for a 46.5% market share. Marcum easily held onto 2nd place with five deals of their own. Grant Thornton worked on two deals in the first quarter, doubling their 2018 SPAC workload, while KPMG continued to be the auditor of choice for serial sponsor Alec Gores.
Rank Auditor Volume
($MM)
Deal
Count
(Total)
Avg Size
($MM)
% Share
1 WithumSmith+Brown 1,541.2 6 256.9 45.99%
2 Marcum 971.7 5 194.3 29.00%
3 KPMG 400.0 1 400.0 11.94%
4 Grant Thornton 380.7 2 190.3 11.36%
5 UHY 57.5 1 57.5 1.72%