Atlanta-based IPA 100 firm Aprio (FY23 net revenue of $420.8 million) and Chicago-based IPA 100 firm RSM US LLP (FY24 net revenue of $4 billion) have entered into an agreement for Aprio to acquire RSM’s Professional Services+ (PS+) practice operating in the U.S. and Canada. The transaction is expected to close on April 30, pending satisfaction of customary conditions.
“It is an honor to welcome the PS+ practice, clients and team to Aprio. RSM has provided an exceptional platform for the past four decades for the PS+ practice and we are committed to establishing a strong foundation to grow the practice at Aprio,” said Richard Kopelman, CEO, Aprio. “With the addition of the PS+ practice, Aprio will include a robust community of complementary firms with unique opportunities for collaboration and growth as we invest in the future.”
“In joining Aprio, we have a unique opportunity to carry forward our vision and customized approach for serving clients the way they want to be served,” said Dean Sengstock, leader, PS+ practice. “While we are joining a new firm, our team, the services we provide and our commitment to exceptional client-centric service remains the same.”
“We believe this transaction enhances the PS+ team’s ability to continue supporting their clients, while enabling RSM to focus on our core assurance, tax and consulting service offerings for the middle market,” said Brian Becker, MP & CEO with RSM US LLP. “We are grateful to the PS+ team for their many contributions to RSM over the last 40 years.”
Effective May 1, the PS+ practice will operate as part of Aprio. Sengstock, current leader of the PS+ practice, will continue to serve as the leader of the practice and will join Aprio as a partner along with four other partners and more than 30 team members.
