RSM US LLP traces its history to 1926, when Ira B. McGladrey started his own accounting firm in Cedar Rapids, Iowa. The I.B. McGladrey Company was formed when McGladrey purchased a seven-person office from his employers, Billings, Prouty and Tompkins.
1926 – 1930’s Shortly after, he added one-man practices in Davenport, Burlington and Iowa City, Iowa. After 10 years of operation, George Hansen and Keith Dunn were admitted as partners, and in 1937 the firm changed its name to McGladrey, Hansen, Dunn & Company.
1940 – 1970 During the next 40 years, the firm expanded into 29 offices in eight states and in 1966 began offering consulting services. Ira McGladrey, a leader in the public accounting profession at both the state and national levels, stayed active in the firm until his death in 1952.
1970s In November 1978, the firm merged with Broeker Hendrickson & Co. to become McGladrey Hendrickson & Company. Headquartered in Minneapolis, MN, Broeker Hendrickson & Company had 16 offices in five states. With the merger in place, McGladrey Hendrickson & Company was able to serve clients throughout the Midwest.
1980s Six years later, the firm merged with A.M. Pullen and Company, based in North Carolina. A.M. Pullen and Company had 26 offices located in seven states along the eastern seaboard. As McGladrey Hendrickson & Pullen, the firm’s offices extended from the east coast to the west coast, north to Duluth, MN, and south to Ft. Lauderdale, FL. For simplicity’s sake, the firm changed its name to McGladrey & Pullen in 1987.
1990s In the summer of 1999, McGladrey sold its non-attest assets and business to H&R Block, Inc. RSM McGladrey Inc. was established as an indirect, wholly owned subsidiary of the Block organization. To ensure independence, McGladrey & Pullen was maintained as a separate entity offering audit and attest services. McGladrey & Pullen was owned and managed by McGladrey & Pullen partners, independent of RSM McGladrey.
2000 – Oct. 2015 In November 2011, McGladrey & Pullen purchased RSM McGladrey from H&R Block, reuniting the two firms as a leading partner-owned provider of assurance, tax and consulting services focused on the middle market. In May 2012, the firm changed its name to McGladrey LLP, to reflect the firm’s reunification and mirror its brand. In March 2013, the firm announced the relocation of its headquarters to Chicago.
2015 and beyond On October 26, 2015, McGladrey changed its name to RSM US LLP and united with fellow firms in the RSM International network under the brand RSM. The firm is proud of its heritage and Ira McGladrey’s original concept of service, predicated upon the personal attention of partners to the needs of our clients, will remain unchanged as we continue our quest to take the middle market to the global market.
Joe Adams
Managing Partner and Chief Executive Officer
Areas of focus: Strategy, Mergers & Acquisitions, Audit, Operations
Joe Adams is managing partner and CEO of RSM US LLP (RSM). He is focused on positioning RSM as the first-choice advisor to middle market leaders by creating an outstanding client experience, enhancing the firm’s focus on the middle market, empowering teams of passionate professionals and building communities of RSM promoters in the marketplace.
Since taking on this role in 2011, Adams and his leadership team have successfully completed the purchase of RSM McGladrey, grown the firm’s revenues and enhanced its profitability. He is currently working to build RSM’s reputation as a global service provider, enhance its presence in key markets domestically and help build its network around the world.
A member of the firm’s Leadership Team since 2008, Adams previously served as regional managing director of the Great Lakes region where he was responsible for one of the firm’s largest merger integrations and grew revenues from $30 to $300 million in 13 years. His client service experience includes auditing and advising clients in mergers, acquisitions, divestitures, operations, organizational and strategy matters. Adams also served as a member of the firm’s Board of Directors from 2001–2004.
Adams is active in the Chicago community and currently serves as a member on the Board of Trustees for DePaul University and as a member of the Economic Club of Chicago.
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