H&R Block to acquire RSM Robson Rhodes
As an important step in its strategic plan to become the leading worldwide provider of accounting, tax and business consulting services to midsized companies, RSM McGladrey has announced plans to join forces with UK-based RSM Robson Rhodes. The firms have signed an agreement in principle for RSM McGladrey to acquire the non-attest assets of RSM Robson Rhodes, subject to final due diligence and the execution of definitive agreements.
“We plan to bring together two premier organizations that share a passion and commitment to serving, and advocating for, midsized companies,” said Steve Tait, president of RSM McGladrey. “This transaction will accelerate our emerging global presence, while helping to create a single worldwide brand that stands for success – both for clients and employees.”
The agreement was driven by industry demand for a new professional services model with the infrastructure, focus, capabilities, resources and expertise to serve the midsized market.
“This transaction is a bold move designed to address the call for greater choice and to meet the growing needs of the international mid-market. The resulting organization will also enhance career opportunities for our people who will become part of a leading organization that is taking the industry in a new direction,” said David Maxwell, managing partner of RSM Robson Rhodes.
RSM McGladrey and RSM Robson Rhodes have cultivated a long-term working relationship, and both are members of the RSM International network, the world’s sixth largest professional services, accounting and consulting organization.
This announcement comes on the back of this summer’s press release about RSM McGladrey’s intention to form a tax planning consulancy in the UK, in partnership with the German firm, RSM Hemmelrath Gruppe.
About RSM McGladrey: RSM McGladrey is a leading professional services firm providing accounting, tax and business consulting. RSM McGladrey is a wholly owned indirect subsidiary of H&R Block, Inc. (NYSE: HRB.) McGladrey & Pullen LLP (a US-based partner-owned CPA firm) delivers audit and attest services. RSM McGladrey and McGladrey & Pullen operate in an alternative practice structure. Though separate and independent legal entities, they can work together to serve clients’ business needs. Together, the companies rank as the fifth largest U.S. provider of accounting, tax and business consulting services (source: Public Accounting Report), with nearly 8,000 professionals and associates in more than 120 offices nationwide. RSM McGladrey Inc. and McGladrey & Pullen LLP are member firms of RSM International, an affiliation of independent accounting and consulting firms.
About RSM Robson Rhodes: RSM Robson Rhodes LLP is a leading UK limited liability partnership of chartered accountants and business advisers. The firm’s staff and partners provide a wide range of advisory services, including audit and business assurance, corporate finance, corporate recovery, PFI/PPP, forensic accounting, consultancy, and tax to both the private and public sectors. The firm operates from nine offices in the UK and Ireland and is the UK member of RSM International.
About RSM International: RSM International is a worldwide member organization of independent accounting and consulting firms. It is represented in each of the top 40 major business centers throughout the world, with more than 23,000 staff in over 70 countries. RSM International is among the six largest international accounting organizations worldwide. Member firms are driven by a common vision of providing high quality professional services, both in their domestic markets and in serving the international professional service needs of their client base.