RSM US LLP (“RSM US”) and RSM UK Holdings Limited (“RSM UK”) have announce that they are in advanced discussions to merge, subject to definitive agreements and customary legal, regulatory, and other approvals.
The transatlantic merger would establish a partner-owned multinational organisation spanning locations across the U.S., the UK, Canada, Ireland, India and El Salvador, supported by 23,000 professionals, with combined annual revenues of $5 billion (USD).
Rob Donaldson, CEO, RSM UK, said: “RSM UK has seen strong growth in revenue and profits as we’ve repositioned the firm over the last four years. Bringing our UK and Irish firms together with our U.S. 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.
“We’ve decided to come together to form a unique partnership that goes further to service the needs of our clients as they expand globally, and to create terrific opportunities for our own talent. Now is the time to accelerate our ambitions by drawing on each other’s considerable strengths to become the middle market advisor of choice, globally.”
Brian Becker, Managing Partner and CEO, RSM US, explained: “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. We have a deep and long-standing relationship with our UK colleagues, and we look forward to joining forces to drive value for our clients, owners, employees and the entire RSM International network.”
