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What's New in the Latest Version 3.0.0

Last updated on Jul 1, 2024

Discover our new identity Forvis Mazars news

Acquisition of RSM US

Forvis, a leading professional services firm, has announced its acquisition of RSM US, a top-tier accounting and consulting firm. This strategic move significantly expands Forvis's presence in the United States, adding over 4,500 professionals and 90 offices to its network. The combined firm will operate under the Forvis brand, with a focus on providing comprehensive audit, tax, and advisory services to clients across various industries.

Key Benefits of the Acquisition

* Enhanced Geographic Reach: The acquisition significantly expands Forvis's geographic footprint in the United States, particularly in key markets such as New York, Los Angeles, and Chicago. This will enable the firm to better serve clients with operations across multiple locations.

* Expanded Service Offerings: The combination of Forvis and RSM US creates a comprehensive suite of services, including audit, tax, consulting, and technology solutions. This will allow the firm to provide a more holistic approach to meeting clients' needs.

* Increased Market Share: The acquisition strengthens Forvis's position as a leading player in the professional services industry. The combined firm will have a combined revenue of over $3 billion, making it one of the largest firms in the United States.

* Synergistic Culture: Both Forvis and RSM US share a commitment to providing exceptional client service and a collaborative work environment. The combined firm will leverage the strengths of both organizations to create a dynamic and innovative workplace.

Financial Implications

The financial terms of the acquisition were not disclosed. However, it is expected to be a significant investment for Forvis. The firm is confident that the acquisition will generate long-term value for its stakeholders, including clients, employees, and shareholders.

Industry Impact

The acquisition of RSM US is a major event in the professional services industry. It highlights the ongoing consolidation trend, as firms seek to expand their scale and service offerings. The combined firm is expected to have a significant impact on the market, particularly in the United States.

Conclusion

The acquisition of RSM US is a transformative event for Forvis. It significantly expands the firm's presence in the United States, enhances its service offerings, and positions it as a leading player in the professional services industry. The combined firm is well-positioned to meet the evolving needs of clients in an increasingly complex and competitive business landscape.

Tap into the global information flow of Forvis Mazars & customise your newsfeed

With Forvis Mazars news, access the latest news from Group and stay up-to-date with your communities.

Read about our major announcements, successes, country news, messages from our CEO, or access the latest thought leadership content in an intuitive and sleek interface.

Forvis Mazars news brings your Forvis Mazars communities straight to your fingertips! From audit to tax to industry or financial services, browse updates from all our service lines and sector communities and personalise your feed to get the news that matters most to you.

Never miss a beat: turn on notifications to receive alerts when there’s new relevant content for you.

Features:

- Clean, sleek design.

- Customise your feed with the topics you are most interested in.

- Personalised alert settings – you choose the content you want to receive notifications for.

- Find the articles you’re looking for with our search tool.

- Save articles to read later.

What's New in the Latest Version 3.0.0

Last updated on Jul 1, 2024

Discover our new identity Forvis Mazars news

Acquisition of RSM US

Forvis, a leading professional services firm, has announced its acquisition of RSM US, a top-tier accounting and consulting firm. This strategic move significantly expands Forvis's presence in the United States, adding over 4,500 professionals and 90 offices to its network. The combined firm will operate under the Forvis brand, with a focus on providing comprehensive audit, tax, and advisory services to clients across various industries.

Key Benefits of the Acquisition

* Enhanced Geographic Reach: The acquisition significantly expands Forvis's geographic footprint in the United States, particularly in key markets such as New York, Los Angeles, and Chicago. This will enable the firm to better serve clients with operations across multiple locations.

* Expanded Service Offerings: The combination of Forvis and RSM US creates a comprehensive suite of services, including audit, tax, consulting, and technology solutions. This will allow the firm to provide a more holistic approach to meeting clients' needs.

* Increased Market Share: The acquisition strengthens Forvis's position as a leading player in the professional services industry. The combined firm will have a combined revenue of over $3 billion, making it one of the largest firms in the United States.

* Synergistic Culture: Both Forvis and RSM US share a commitment to providing exceptional client service and a collaborative work environment. The combined firm will leverage the strengths of both organizations to create a dynamic and innovative workplace.

Financial Implications

The financial terms of the acquisition were not disclosed. However, it is expected to be a significant investment for Forvis. The firm is confident that the acquisition will generate long-term value for its stakeholders, including clients, employees, and shareholders.

Industry Impact

The acquisition of RSM US is a major event in the professional services industry. It highlights the ongoing consolidation trend, as firms seek to expand their scale and service offerings. The combined firm is expected to have a significant impact on the market, particularly in the United States.

Conclusion

The acquisition of RSM US is a transformative event for Forvis. It significantly expands the firm's presence in the United States, enhances its service offerings, and positions it as a leading player in the professional services industry. The combined firm is well-positioned to meet the evolving needs of clients in an increasingly complex and competitive business landscape.