15 OCT 2024 / M&A UPDATES

RSM US and RSM UK in Advanced Discussions for Transatlantic Merger

- MYCPE ONE Insights Team

Summary

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Chicago-based RSM US LLP is in advanced talks to merge with London's RSM UK Holdings Limited. The proposed merger aims to create a financially integrated transatlantic firm, bolstering service offerings for middle market leaders worldwide and potentially uniting the two largest entities within the RSM International network – in a partner-owned multinational organisation reaching locations across the U.S., UK, Canada, Ireland, India, and El Salvador.

Chicago and London – October 11, 2024 – RSM US LLP, firm based in Chicago with a fiscal year 2024 net revenue of $4 billion, has announced it is in advanced discussions to merge with RSM UK Holdings Limited, a leading audit, tax, and consulting firm based in London. This strategic move aims to create a robust, financially integrated transatlantic organization, enhancing service offerings for middle market leaders globally.

The proposed merger seeks to unite the two largest entities within the RSM International network, potentially establishing a partner-owned multinational organization with a combined revenue of $5 billion (USD) and spanning locations across the U.S., the UK, Canada, Ireland, India, and El Salvador, supported by a workforce of 23,000 professionals.

“Our clients have long desired to be served by a financially integrated transatlantic organization,” said Brian Becker, Managing Partner and CEO of RSM US. “This merger will create a platform to more effectively serve client needs with quality services and seamless access to our resources. We are committed to investing in our growth and advancing our 2030 global strategy, and we see this as a dynamic opportunity to drive value for our clients and the entire RSM International network.”

Rob Donaldson, CEO of RSM UK, echoed this sentiment, highlighting the firm’s strong growth trajectory over the past four years. “Bringing our UK and Irish firms together with our U.S. and Canadian colleagues is the next logical step in our journey,” he stated. “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, while also creating exciting opportunities for our talent.”

The integration of these two prominent firms is set to enhance the delivery of high-quality, globally integrated services tailored specifically for the middle market. The successful completion of this merger is subject to definitive agreements and customary legal, regulatory, and other approvals.

About RSM UK Holdings Limited

RSM UK is a leading provider of audit, tax, and consulting services for the middle market, employing 5,420 partners and staff across 31 locations in the UK. For the fiscal year ending March 31, 2024, RSM UK reported revenues exceeding £543 million. As a member of RSM International, RSM UK contributes to a global network that spans over 120 countries, boasting more than 800 offices and a workforce of over 64,000 people.

About RSM US LLP

RSM US LLP is recognized as the leading provider of professional services to the middle market, focusing on developing services that meet the evolving needs of clients in an ever-changing business environment. As the U.S. member of RSM International, RSM US operates with a commitment to empowering clients and its workforce to achieve their full potential.

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RSM US and RSM UK in Advanced Discussions for Transatlantic Merger

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