McGladrey Expands in Oklahoma Through Transaction with Cole + Reed
Establishes office in Oklahoma City by joining forces
McGladrey LLP, the nation's leading provider of assurance, tax and consulting services focused on the middle market, announced today the signing of a definitive agreement to acquire substantially all the assets of Cole + Reed, P.C., an Oklahoma City-based firm and member of the McGladrey Alliance, subject to the terms and conditions of the transaction. The closing is expected to occur on December 1.
The transaction provides McGladrey with a presence in Oklahoma City, making the firm the leading provider of assurance, tax and consulting services focused on the middle market in Oklahoma.
"By joining forces with Cole + Reed, McGladrey has the opportunity to more broadly serve middle market businesses in Oklahoma," said Joe Adams, managing partner 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," said Jim Denny, managing partner 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."
Cole + Reed has been serving clients in Oklahoma City and the surrounding area for more than 60 years. The firm is made up of eight partners and nearly 100 client service professionals. The firm is located at 531 Couch Drive in Oklahoma City, phone 405.239.7961.
About Cole + Reed
Serving Oklahoma businesses for more than 60 years, Cole + Reed P.C. is one of the largest full-service public accounting firms in Oklahoma and the surrounding region, providing audit and assurance, tax planning and compliance, consulting and accounting services. Cole + Reed P.C. is the sole Oklahoma member of the McGladrey Alliance, a premier affiliation of independent accounting and consulting firms in the United States, with more than 80 members in 42 states and Puerto Rico.
Effective Oct. 26, 2015, McGladrey will unite with fellow members of our global network under the common brand name RSM. McGladrey LLP is the leading U.S. provider of assurance, tax and consulting services focused on the middle market, with 8,000 professionals and associates in 80 cities nationwide. A licensed CPA firm, McGladrey serves clients around the world through RSM International, a global network of independent accounting, tax and consulting firms. For more information, join our Facebook fan page at McGladrey News, follow us on Twitter @McGladrey, and connect with us on LinkedIn, and/or on YouTube.