Padgett Stratemann Expands Services to Clients through RSM Transaction

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July 21, 2016
Padgett Stratemann, one of Texas’ largest, locally-owned CPA and business advisory firms with offices in San Antonio, Austin and Houston, today announced it has signed a definitive agreement to join RSM US LLP (RSM), the leading U.S. provider of audit, tax and consulting services focused on the middle market. In this transaction, RSM will acquire substantially all the assets of Padgett Stratemann. The transaction is expected to close August 16, 2016.

As part of RSM, Padgett Stratemann clients will have access to expanded resources and services offered through RSM’s international global network. Padgett Stratemann has been associated with RSM for 21 years as part of RSM’s U.S. Alliance program.

“By joining forces with RSM, we are taking the natural next step in our growth strategy,” said John Wright, managing partner for Padgett Stratemann. “We have a strong relationship with RSM and its people, and we are very excited about the opportunity to expand our services for the benefit of our clients, partners and employees. We’re pleased to join a firm that offers global capabilities with a small-firm culture.”

RSM and Padgett Stratemann will combine to become the fifth largest firm in Texas – with 700 employees, and offices in Austin, Dallas, Houston and San Antonio – and the leading firm focused on serving the middle market in the state, across the country and around the world.

“Padgett Stratemann’s outstanding professionals, strong industry niches and great clients will strengthen our momentum in Texas and beyond,” said Kevin Prien, RSM US LLP’s Central region managing partner. “Our shared values and commitment to serving our clients, employees and communities make Padgett Stratemann a great fit and the best choice for RSM to enhance its presence in Texas.”

Both RSM and Padgett Stratemann share a client-centric approach to doing business and focus on building enduring, trusted relationships.

“We build solid relationships by listening and understanding clients’ unique needs and tailoring our services to address their challenges and opportunities,” said Joe Adams, managing partner and CEO of RSM US LLP. “Padgett Stratemann’s strengths, particularly in the construction, community banking, state and local government, and energy industries, will reinforce our position as the first-choice advisor for our clients.”

About Padgett Stratemann
Padgett Stratemann & Co., LLP is San Antonio’s second largest CPA and business advisory firm. With additional offices in Austin and Houston, the firm works with clients in various sectors including: construction, entertainment, financial institutions, government, non-profit, healthcare , life sciences, professional services, manufacturing, retail, distribution, technology, energy, government contracting, and real estate. The firm’s experienced professionals provide a range of sophisticated accounting, audit, tax and other business advisory services for both publicly traded and privately owned companies. PS&Co. serves clients throughout the United States as well as internationally and is a member of the McGladrey Alliance - a business of RSM US LLP, the 5th largest accounting firm in the U.S. and a leading provider of assurance, tax, and consulting services.

In business for more than 70 years, PS&Co. is dedicated to professional excellence, integrity, and community service. Learn more about our depth of services and expertise. Visit Padgett-CPA.com.

About RSM US LLP
RSM US LLP (formerly McGladrey LLP) is the leading provider of audit, tax and consulting services
focused on the middle market, with 9,000 people in 86 offices nationwide. It is a licensed CPA firm and the U.S. member of RSM International, a global network of independent audit, tax and consulting firms with more than 38,300 people in over 120 countries. RSM uses its deep understanding of the needs and aspirations of clients to help them succeed. For more information, visit rsmus.com, like us on Facebook, follow us on Twitter and/or connect with us on LinkedIn.

 
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Jennifer Van Cleave, Senior Marketing Specialist
(210) 253-1595