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January 28, 2023

McGladrey Getting in on the M&A Action With Cole + Reed Acquisition

McGladrey LLP, the nation's leading provider of assurance, tax and consulting services focused on the middle market, announced today the signing of a definitive agreement to acquire substantially all the assets of Cole + Reed, P.C., an Oklahoma City-based firm and member of the McGladrey Alliance, subject to the terms and conditions of the transaction. The closing is expected to occur on December 1.

The transaction provides McGladrey with a presence in Oklahoma City, making the firm the leading provider of assurance, tax and consulting services focused on the middle market in Oklahoma.

"By joining forces with Cole + Reed, McGladrey has the opportunity to more broadly serve middle market businesses in Oklahoma," said Joe Adams, managing partner and CEO of McGladrey. "The depth and breadth of our Oklahoma practice will be a major force in the market, creating opportunities for our clients and our people. We look forward to welcoming Cole + Reed team members, who have an excellent reputation for understanding their clients’ needs and providing quality, responsive service."  

"Becoming part of McGladrey is a natural evolution of our ongoing relationship, given that we have been a proud member of the McGladrey Alliance for 11 years," said Jim Denny, managing partner of Cole + Reed. "Culturally, our firms are very similar. We share a strong commitment to quality and exceptional client service. We share a client-centric approach to doing business and we focus on building enduring, trusted relationships with our clients. Both firms also share a strong commitment to supporting the communities where we live and work." [McGladrey]

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