Chicago-based McGladrey LLP (FY14 net revenue of $1.5 billion) announced the signing of a definitive agreement to acquire substantially all the assets of Cole + Reed, P.C., of Oklahoma City and member of the McGladrey Alliance. The closing is expected to occur on December 1.
“By joining forces with Cole + Reed, McGladrey has the opportunity to more broadly serve middle market businesses in Oklahoma,” says Joe Adams, MP and CEO of McGladrey. “The depth and breadth of our Oklahoma practice will be a major force in the market, creating opportunities for our clients and our people. We look forward to welcoming Cole + Reed team members, who have an excellent reputation for understanding their clients’ needs and providing quality, responsive service.”
“Becoming part of McGladrey is a natural evolution of our ongoing relationship, given that we have been a proud member of the McGladrey Alliance for 11 years,” says Jim Denny, MP of Cole + Reed. “Culturally, our firms are very similar. We share a strong commitment to quality and exceptional client service. We share a client-centric approach to doing business and we focus on building enduring, trusted relationships with our clients. Both firms also share a strong commitment to supporting the communities where we live and work.”