McGladrey Acquires Bostons Caturano and Company
Adds Significant Industry and Consulting Expertise Expanding McGladrey’s Presence in New England to Number Five
BOSTON, MA – RSM McGladrey, Inc. and McGladrey & Pullen, LLP , one of the country’s leading providers of assurance, tax and consulting services, announced today the acquisition of Caturano and Company, Inc., New England’s largest regional full-service accounting, auditing, tax and business advisory firm. The purchase, effective July 20, creates a major Boston professional services firm that is focused on understanding and serving clients’ business needs.
Together with Caturano and Company, McGladrey will now rank as the fifth largest assurance, tax and consulting firm in the New England region, based on the number of CPAs. The combined Boston practice, with approximately 500 employees, will be branded McGladrey and led by Richard Caturano, a co- founder of Caturano. Steve Dooley, who currently leads McGladrey’s Boston practice, will remain with the firm and lead the integration process.
“The merger is an important part of McGladrey’s growth plan, which includes acquiring outstanding businesses in select markets. We are excited for the many growth opportunities Caturano and Company will provide for our clients, employees and the firm,” said C.E. Andrews, President and COO, RSM McGladrey. “Our new firm will be a powerhouse in the marketplace, with clients benefiting from the collective depth of talent and industry expertise. They will have the resources of a global firm with strong, high touch local service, which is something that truly differentiates us.”
“Our clients – from the small family-owned businesses to the large, publicly-traded companies – are the real benefactors, as McGladrey’s national and international network of resources will enhance our ability to meet their future needs,” said Richard J. Caturano, President and CEO, Caturano and Company. “McGladrey is the right partner for Caturano because both firms share the same approach to delivering innovative, proactive and exceptional client service.”
Combined, the new McGladrey in Boston will have deep industry expertise in sectors key to the Boston marketplace. McGladrey has a strong presence in higher education, not-for-profit and financial services. Caturano has strong market share in high-tech, biotech, manufacturing and professional services. Both have large construction practices, and Caturano has a strong consulting practice in the region.
“Richard and his team have led Caturano and Company through a remarkable period of 400% growth over the last several years, ensuring their clients had the best advice and service,” said Dave Scudder, Managing Partner, McGladrey & Pullen. “Further, he has been an active and influential leader in our industry and the Boston community for many years and we are looking forward to having him join our team.”
Caturano clients will also benefit from McGladrey’s membership in RSM International, the sixth largest global network of independent accounting, tax and consulting firms.
“More and more of our clients are looking for firms with a national and even international presence, and McGladrey brings some of the strongest expertise in the areas most important to our clients,” added Caturano. “Together we will bring world-class assurance, tax and consulting expertise to our clients through strong, longstanding personal relationships.”
For more than 30 years, Caturano and Company has been widely recognized as one of the top CPA firms in Boston. The firm has received many accolades, including the Vault rating as the “#1 Best Firm to Work For” in the country for two consecutive years, and is ranked as one of the Top 40 accounting firms in the nation.
McGladrey is the brand under which RSM McGladrey, Inc., and McGladrey & Pullen, LLP, serve clients’ business needs. Together, they rank as the fifth largest U.S. provider of assurance, tax and consulting services, with 7,000 professionals and associates in nearly 90 offices. The two firms operate as separate legal entities in an alternative practice structure. McGladrey & Pullen is a licensed CPA firm that provides assurance services. RSM McGladrey is a leading professional services firm providing tax and consulting services. Both firms are members of RSM International, the sixth largest global network of independent accounting, tax and consulting firms. For more information, visit the McGladrey website at www.mcgladrey.com, join our Facebook fan page at McGladrey News and/or follow us on Twitter@McGladrey.
About Caturano and Company
Caturano and Company is New England's largest regional full-service CPA, consulting, and wealth management firm and one of the top 40 CPA firms in the country, with 38 partners and over 370 employees. The firm provides services in the areas of assurance, tax, management and technology consulting, business risk and controls, transactional services, business valuation, and wealth management for companies ranging from small and emerging, to middle market and prominent public companies. For more information, visit www.caturano.com.