RSM merges in Gregory, Sharer & Stuart

RSM US LLP has expanded in Florida by adding Gregory, Sharer & Stuart, a firm based in St. Petersburg, effective Oct. 1, 2019.

The deal expands RSM’s presence in the Tampa Bay area, where the firm already has an office in downtown Tampa. The merger adds more than 60 professionals to RSM’s overall team in the area, along with an office in downtown St. Petersburg.

Financial terms of the deal were not disclosed. RSM US ranked 5th on Accounting Today’s 2019 list of the Top 100 Firms. The firm’s revenue in fiscal year 2019 was $2.4 billion, to which Gregory Sharer & Stuart will add $12 million. RSM has 9,670 employees and 825 partners, while GSS has 55 employees and nine partners. GSS Office Managing Shareholder Jim Newman, along with the rest of the firm’s executive leadership committee and other shareholders, will join RSM as partners. Their team will transition to RSM once the deal closes.

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Michael Cohn, Editor-in-chief

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