McGladrey & Pullen completes business negotiations
The group is retaking control of RSM McGladrey after 12 years.
McGladrey & Pullen has announced it has signed a letter of intent to acquire RSM McGladrey.
Once business negotiations have been completed, the deal will see the former take control of the employees, assets and infrastructure of the latter - which had acted independently since 1999.
Jerry Bourassa, chairman of McGladrey & Pullen's board of directors, observed it is the objective of his firm to "reunite the assurance, tax and consulting practices under an integrated McGladrey & Pullen partnership structure".
He added the transaction will not affect the quality of service that clients receive.
Joe Adams, managing partner of the organisation, noted he thinks the move will be in the "best interests" of both customers and employees, while negotiation skill may have been required.
The two companies represent the fifth-largest provider of assurance, tax and consulting services in the US.
They have nearly 90 offices and 7,000 professionals and associates working for them.
Posted by Ken Hayes