RSM strengthens European presence with five acquisitions
Announced at RSM’s regional conference in Europe, the deals mark a significant milestone in organisation’s targeted growth strategy across the continent. 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 become the leading force in auditing medium-sized companies and international owner-managed groups in Austria.
RSM Denmark’s acquisition of renowned Danish professional services firm J H Revision, sees the combined business fortify its position in Greater Copenhagen. With combined billings of US$28m, and growing to 245 staff across 14 offices, the move reinforces the combined businesses’ drive to deliver rich, personalised client experiences and market-leading insights to internationally active clients.
In the Rhône-Alpes, RSM France adds a fifth office through the acquisition of Sadex, a provider of audit, tax and consulting services. The deal reinforces RSM’s commitment to supporting middle market businesses to unlock growth and sees 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 drive further service line provision to clients through dedicated support in wealth management, management consulting and CSR consulting. This growth in Strasbourg additionally enables RSM to provide dedicated services for clients within the hospitality sector. The integration of CAP 21 additionally brings a new location in the French West Indies.
RSM Spain grows its national footprint through the arrival of specialist national law firm, Lébeq; heralding RSM Spain’s expansion into Andalucia, adding an office in Sevilla to its existing network of six existing offices.
Growth in Austria, Denmark, France and Spain adds to a positive outlook for RSM in Europe, which announced record 2023 revenues, having surged to annual year-on-year growth of 36%, reaching US$1.7bn.
Speaking at RSM’s regional conference in Europe, E J Nedder, chief executive Officer at RSM International, said: “As we deliver RSM’s ambitious 2030 Global Strategy – Taking Charge of Change, these mergers demonstrate high levels of shared ambition in action.
“Increasing RSM’s headcount and footprint in Europe enables the organisation 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.”
Gregor Schmidt, regional leader for Europe at RSM, said: “The expansion of our member firms’ presence in Europe adds to RSM’s sustained growth across the continent, both of which enables RSM to build on its renowned middle market strengths.
“With development in four key countries in Europe, more RSM experts will deliver a greater number of rich, personalised client experiences and market-leading insights.
“These strategic investments also demonstrate RSM’s commitment to strengthening the delivery of compelling services and solutions to clients in new territories, helping them navigate complexity, change and achieve their ambition.”