RSM US and RSM UK, providers of assurance, tax, and consulting services, are currently in advanced discussions regarding a transatlantic merger.
The merger aims to enhance the firms’ global client offerings and drive long-term growth.
The combined partner-owned entity would span across the US, the UK, Canada, Ireland, India, and El Salvador, supported by 23,000 professionals and projected annual revenues of $5bn (£3.85bn).
As per the announcement, the integration of the two largest firms within the RSM International network is expected to establish a platform for delivering services to middle market leaders worldwide.
RSM UK boasts 5,420 partners and staff from 31 locations throughout the UK, having generated revenues exceeding £543m (approximately $700m) for the year ending 31 March 2024.
The proposed merger is still under negotiation, with definitive terms, approvals, and other considerations yet to be finalised.
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By GlobalDataRSM US managing partner and CEO Brian Becker said: “Our clients have long desired to be served by a financially integrated transatlantic organization. This merger will create a platform to more effectively serve client needs with quality services and more seamless access to our resources.
“We are doubling down on our future as a dynamic, partner-owned platform, at a time when the industry is undergoing transformation. We are well capitalised to continue investing in our growth and the advancement of our 2030 global strategy.”
RSM UK CEO Rob Donaldson said: “RSM UK has seen strong growth in revenue and profits as we have repositioned the firm over the last four years. Bringing our UK and Irish firms together with our US and Canadian colleagues is the next logical step on our journey.
“We already have strong bonds with our transatlantic colleagues and work together with a common aim, to be leading advisors to the middle market.”
In a strategic move earlier in 2024, RSM International appointed Nina Arundel as the global leader of business development and marketing.
Arundel, who transitioned from RSM UK after a nine-year tenure leading the firm’s marketing and business development efforts, brings more than two decades of professional services experience to her role at the RSM global executive office in London.
