Chicago-based RSM US LLP (FY19 net revenue of $2.4 billion) is acquiring Gregory Sharer & Stuart of St. Petersburg, Fla., on Oct. 1.
RSM announced that the firms have signed an agreement for RSM to acquire substantially all the assets of GSS, subject to certain terms and conditions.
This transaction expands RSM’s presence in the area, where RSM has a Tampa Bay office. The acquisition adds 60 professionals and an office in downtown St. Petersburg. It also improves the RSM’s growing audit, tax and consulting practices through the deep knowledge and experience of GSS, especially in real estate and construction, insurance, not-for-profit, manufacturing and health care.
Joining RSM as partners are GSS Office Managing Shareholder Jim Newman, the firm’s executive leadership committee and other shareholders, and their team will transition to RSM upon closing. Together, the firms will offer RSM’s full line of services.
“We have worked with the outstanding team at RSM over the past five years as a member of the RSM US Alliance, and we are excited to take this important step forward by joining RSM,” says Newman. “Our firms share a client-centric approach to doing business, and the same values, culture and people-focused philosophy. We especially look forward to continuing to provide the same outstanding service to our GSS clients, while offering a broader array of solutions – new consulting solutions in particular – to meet their ever-changing business needs. This transaction will also provide our professionals with expanded growth and development opportunities.”
“We are pleased to grow our presence in the vibrant Tampa Bay market with the addition of an outstanding firm and team,” says Joe Adams, MP and CEO of RSM US.