Overview
Padgett, Stratemann & Co., L.L.P., formerly one of the largest CPA and business advisory firms in San Antonio, Texas, was integrated into RSM US LLP on August 16, 2016. This merger expanded RSM's reach in Austin, San Antonio, and Houston, enhancing their service capabilities in these key markets.
Company Background and Historical Context
Prior to merging with RSM, Padgett, Stratemann & Co. was renowned for offering comprehensive services in audit, tax, and business consulting, specifically targeted towards middle-market businesses, including nonprofit clients. The firm held a significant position in Texas as the second-largest CPA and advisory firm in San Antonio, with additional offices in Austin and Houston.
In 2015, Padgett Stratemann was ranked as the 99th largest CPA firm in the United States by INSIDE Public Accounting, and it was also recognized among the 50 Best of the Best CPA firms for its reputable service delivery.
Merger with RSM US LLP
The strategic merger with RSM US LLP, a global leader in audit, tax, and consulting services for middle-market enterprises, was aimed at enhancing service delivery capabilities in Texas. RSM, with a presence in over 860 offices across 123 countries, integrates a strong local knowledge base with international expertise to address multifaceted business challenges. This merger strengthened RSM's U.S. operations, providing tailored insights and services to middle-market clients.
The inclusion of Padgett, Stratemann's regional expertise into RSM's comprehensive resources ensures clients benefit from substantial depth of experience and industry knowledge, in line with RSM’s objective of fostering growth and innovation.
Current Leadership and Strategic Direction
Brian Becker, Managing Partner & CEO of RSM US LLP, leads the firm with a focus on client-centric solutions and industry-specific insights. Supporting the strategic direction are Bill Gorman, Chief Operating Officer, and Jiten Shah, Chief Financial Officer, who emphasize operational and financial excellence. Donna Sciarappa, as the Enterprise Client Experience Leader, plays a crucial role in enhancing client engagement across service lines.
Service Portfolio
RSM US LLP offers a diverse array of services, bolstered by Padgett Stratemann's expertise, ensuring comprehensive solutions are provided to clients, such as:
- Audit Services: Projections, forecasting, and compliance assurance.
- Tax Services: Individual and corporate tax strategies.
- Advisory Services: Cost segregation and business strategy consultations.
Strategic Insights
Post-acquisition, Padgett Stratemann's service reach expanded considerably, supporting statewide service delivery in Texas. The organization's integration with RSM's framework provides robust statewide and national services, ensuring enhanced client support.
Industry Standing and Recognitions
With its historical emphasis on maintaining quality service and best practices, the merger positioned Padgett Stratemann as an integral part of RSM's national organization, aligning with industry trends for broad financial and advisory services.
Competitors and Market Position
RSM, with Padgett Stratemann's incorporation, competes directly with the Big Four accounting firms: Deloitte, PwC, EY, and KPMG, as well as other significant firms like Grant Thornton and BDO. Within this competitive environment, RSM emphasizes differentiated service delivery and client-focused solutions across industries like healthcare, construction, and retail.
Key Takeaways
- The strategic merger with RSM US LLP has broadened service offerings and enhanced client engagement.
- The firm's emphasis on quality and best practices strengthens its competitive position.
- Focus on key industries provides a strong foundation for differentiated client services and value addition.
The combined service offerings and strategic growth through mergers underscore the firm's prominence in consulting and accounting, aligning with client needs for comprehensive financial and advisory solutions.
