Introduction to the Acquisition

In a significant move that highlights the evolving landscape of the professional services sector, Aprio, a top 30 accounting firm based in Atlanta, has announced its agreement to acquire the Professional Services+ (PS+) practice from RSM US LLP, a top five accounting firm headquartered in Chicago. This strategic acquisition is set to be finalized by April 30, 2025, pending the satisfaction of customary closing conditions, with the PS+ practice officially becoming part of Aprio as of May 1, 2025[1][2][4].

Background on Aprio and RSM US

Aprio, backed by private equity firm Charlesbank Capital Partners, has been aggressively expanding its capabilities and geographic reach. This investment has empowered Aprio to accelerate its growth through strategic acquisitions and infrastructure enhancements[1]. RSM US, on the other hand, is focusing on reinforcing its core service offerings in assurance, tax, and consulting for the middle market[3].

Key Aspects of the Acquisition

The RSM US Professional Services+ practice, which serves nearly 80 professional services firms across the U.S. and Canada, specializes in providing advisory services tailored to strategy and leadership, talent development, business processes and operations, and access to group buying solutions[2][5].

Impact on Professional Services Firms

This acquisition promises to enhance the support provided to professional services firms by leveraging Aprio's robust infrastructure and RSM's extensive experience in the PS+ practice. The continuity of leadership, with Dean Sengstock maintaining his role, ensures that the quality of service remains consistent while allowing for future growth opportunities[3][4].

Key Services Offered by PS+ Practice

• Strategy and Leadership: Providing strategic insights to help firms navigate market challenges.
• Talent Development: Offering resources for professional growth and talent acquisition.
• Business Processes and Operations: Optimizing operational efficiency through best practices and technology.
• Group Buying Solutions: Facilitating cost savings through collaborative purchasing agreements.

Leadership Continuity

Dean Sengstock, the current leader of the PS+ practice, will continue to head the practice and join Aprio as a partner. He will be accompanied by four other partners and more than 30 team members, ensuring leadership continuity and maintaining the high standards of service[2][3].

Strategic Benefits for Both Parties

This acquisition benefits both firms by aligning with their strategic objectives:

• Aprio: Enhances its service portfolio and expands its footprint in the professional services space, fostering a collaborative environment for growth[1][3].
• RSM US: Allows the firm to concentrate on its core services—assurance, tax, and consulting—while respecting the contributions of the PS+ team over the past four decades[2][4].

Growth Opportunities

For Aprio, this acquisition presents opportunities to leverage its complementary firms for collaborative projects and growth initiatives. With the addition of the PS+ practice, Aprio will be better positioned to cater to a broader range of clients and offer enhanced services[1][3].

Future Outlook

As the professional services sector continues to evolve, strategic acquisitions like this underscore the importance of adaptability and focus on core strengths. The integration of the PS+ practice into Aprio reflects a forward-thinking approach to meeting client needs through specialized services and leveraging expertise[4][5].

Conclusion

The acquisition of RSM US's Professional Services+ practice by Aprio marks a significant milestone in both firms' strategic development. It highlights the ongoing consolidation and specialization within the professional services sector, driven by the need for firms to enhance their value proposition through targeted service offerings and strategic partnerships.

Appendices

Appendices: Financial and Operational Highlights

• Aprio's Growth Trajectory: Supported by private equity funding, Aprio has been on a growth path since receiving investment from Charlesbank Capital Partners[1].
• RSM US's Focus on Core Services: This transaction aligns with RSM US's strategic focus on assurance, tax, and consulting services for the middle market[3].

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