M&A summary: Aprio, RSM, Sweeney Conrad and more are growing

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Details: The German member company of RSM, RSM GmbH, acquires HTG Wirtschaftsprüfung GmbH as of January 1, 2022, thereby expanding its Berlin office.

As part of the agreement, five partners from the HTG group of companies, as well as 85 employees from its Berlin office, will join RSM. During this time, 20 employees from the HTG Halle office will serve the Leipzig sales region.

The combination with HTG will expand RSM’s international restructuring and liquidation services, as well as its audit, tax and advisory lines.

Financial terms were not disclosed. The acquisition is the latest in a series of mergers by RSM GmbH across Germany.

“By completing the strategic acquisition of HTG, we are moving our business forward by adding 110 critical thinkers with exceptional attributes,” said Santosh Varughese, Managing Partner of RSM in Germany., in a report. “The expansion of the RSM Berlin office and the acquisition of an office in Halle significantly increases our size and reach across the region. “

“Our new colleagues at HTG bring significant expertise in advising businesses going through times of crisis. The fact that HTG has supported liquidators in over 10,000 legal proceedings over the past 20 years, from consumer insolvencies to bankruptcy insolvencies. business groups, including taxation, accounting and business management, speaks for itself, ”he added.

The operation will allow the RSM network to strengthen its presence in Germany. “Berlin is strategically an important location for our global customers,” said Jean Stephens, CEO of RSM International, in a statement. “As one of the hubs of European commerce, it has a proud heritage of serving a strong middle market. “

RSM GmbH has 18 offices with around 700 employees, including more than 200 auditors, tax advisers and lawyers. The company earned 90 million euros ($ 102 million) in 2020. The RSM network has more than 48,000 employees in 820 offices in more than 120 countries.


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