RSM International member firm merger yields big advance
RSM Tenon becomes seventh largest accounting firm in the U.K.
Chicago, IL – RSM International announced recently that its member firm in the United Kingdom, RSM Bentley Jennison, merged with Tenon Group, creating RSM Tenon, the seventh largest accounting firm in the U.K. With 3,000 employees, RSM Tenon is expected to generate an annual fee income of $409 million.
RSM McGladrey is a member firm of RSM International. “All of RSM McGladrey congratulates our U.K. colleagues on this noteworthy merger,” said Bob Burdett, managing director of RSM McGladrey’s, international services office in Chicago. “This move makes RSM Tenon a real force in the U.K. and enhances the services available to RSM McGladrey’s U.S. clients with U.K. operations.”
Tenon Group Chief Executive Andy Raynor will lead the combined entity.
“This deal is a combination of the two most substantial entrepreneurial businesses in our industry,” said Raynor. “It is the beginning of a new era of opportunities and growth, and provides an excellent platform from which to challenge traditional approaches to client focus and service delivery.”
“The strength of Tenon’s corporate recovery practice, combined with RSM Bentley Jennison’s niche risk management business makes this a perfect match,” said Stockdale. “This merger gives us a stronger range of services, providing both entities with a greater platform for growth.
RSM International Chief Executive Jean Stephens says that the merger caps off a good year for the RSM International network, which has grown its presence in Poland, Ireland, Japan and Saudi Arabia. “This brings an expanded team with expanded capabilities,” said Stephens.
RSM McGladrey will host a reception for clients with operations in the U.K. on Tues., Feb. 9 in Chicago.
About RSM International
RSM International is a worldwide network of professional services firms providing tax, accounting, consulting and specialist advisory services around the globe. With more than 600 offices in nearly 75 countries, RSM International’s 20,000+ professionals serve clients in numerous countries including Mexico, Canada, Europe, Asia and Asia Pacific, Latin America and Africa.
About RSM McGladrey
RSM McGladrey is a leading professional services firm providing accounting, tax and business consulting. RSM McGladrey operates in an alternative practice structure with McGladrey & Pullen LLP, a partner-owned CPA firm that delivers audit and attest services. Through separate and independent legal entities, they work together to serve clients’ business needs. Together, the companies rank as the fifth largest U.S. provider of accounting, tax and business consulting services (source: Accounting Today), with 7,000 professionals and associates in nearly 90 offices. RSM McGladrey Inc. and McGladrey & Pullen LLP are member firms of RSM International, an affiliation of independent accounting and consulting firms.