While no one else was paying attention, McGladrey quietly gobbled up a Cincinnati accounting firm, completely dominating the middle market for the fine state of Ohio. First Ohio; next, the world.
According to Cincinnati Business Courier:
Battelle Rippe Kingston has reached a definitive agreement with Chicago-based McGladrey LLP in which McGladrey will acquire "substantially all the assets" of Battelle Rippe Kingston. Both companies expect to complete the deal on Nov. 1.
In December of last year, our cousins at AccountingWEB reported that Dayton-based Battelle & Battelle and Cincinnati-based Rippe & Kingston merged to form Battelle Rippe Kingston. Not even a year later, the 116 employee firm will join McGladrey's 7,000 professionals and associates.
McGladrey is really excited by this acquisition, which will give them the Dayton office they never had and secure their place as accounting services provider dujour for the middle market in Ohio.
"By joining forces with Battelle Rippe Kingston, McGladrey has the opportunity to truly own the middle market in Ohio with offices across the state," said Joe Adams, managing partner and CEO of McGladrey. "The depth and breadth of our combined Ohio practice will be a major force in the market, creating opportunities for our clients and our people. We look forward to welcoming the Battelle Rippe Kingston team and benefitting from their more than 140 years of combined experience in the state of Ohio."
Congratulations on owning that middle market in Ohio, guys.