The RSM network made five strategic acquisitions in Europe, including specialist audit and consulting firms in Austria, Denmark and France, as well as a prestigious law firm in Spain.
The deal in Denmark allows the combined business to reach billings of US$28million.
The deals, which were announced at RSM’s regional conference in Europe, mark a major milestone for RSM. The five acquisitions will enhance its market position through geographical expansion and scaling up its service offering.
RSM Austria and Moore Interaudit Salzburg are joining forces to audit medium-sized companies and international owner-managed groups in Austria.
RSM Denmark’s acquisition of renowned Danish professional services firm J H Revision, enables the combined business to strengthen its position in Greater Copenhagen. With combined billings of US$28million, and growing to 245 staff across 14 offices, the move reinforces the combined businesses’ ability to deliver personalized client experiences and market-leading insights to internationally active clients.
In the Rhône-Alpes, RSM France added a fifth office through the acquisition of Sadex, a provider of audit, tax and consulting services. The deal will see RSM’s headcount in the Rhône-Alpes region increase to 300 colleagues.
In the Grand Est region, RSM France has added a third office through the acquisition of CAP 21. The deal enables the firm to broaden its offering to clients in the region. It adds a team of 17 experts to provide further service line provisioning to clients through support in wealth management, management consulting and CSR consulting. This growth in Strasbourg allows RSM to provide services for clients in the hospitality sector. The integration of CAP 21 also brings brings a new location in the French West Indies.
Photo courtesy of RSM US LLP
RSM Spain is also growing its national footprint by adding specialist national law firm, Lébeq; part of RSM Spain’s expansion into Andalucia, adds an office in Sevilla to its existing network of six existing offices.
“As we deliver RSM’s ambitious 2030 Global Strategy – Take Charge of Change, these mergers demonstrate high levels of shared ambition in action,” said RSM International CEO E.J Nedder in a statement. “Increasing RSM’s headcount and footprint in Europe enables the organization to unlock value and build upon its position of strength in targeted locations.This growth supports our focus on winning with industry by accelerating the support we provide to an ever-greater number of growth-orientated middle market businesses.”
Growth in Spain adds to a positive outlook for RSM in Europe, which announced record 2023 revenues, surging to annual year-on-year growth of 36%, reaching US$1.7 billion.
“As we deliver RSM’s ambitious 2030 Global Strategy – Take Charge of Change, these mergers demonstrate high levels of shared ambition in action,” said RSM International CEO E.J Nedder in a statement. “Increasing RSM’s headcount and footprint in Europe enables the organization to unlock value and build upon its position of strength in targeted locations.This growth supports our focus on winning with industry by accelerating the support we provide to an ever-greater number of growth-orientated middle market businesses.”
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