RSM US LLP, a Top 10 Firm based in Chicago, has acquired Wise Consulting Associates Inc., a human capital management technology consulting firm based in Timonium, Maryland, effective May 1.
Wise Consulting dates back to 1996 and implements HR technology from UKG and Ceridian, while also providing payroll services. It is expected to become part of the RSM's existing human capital services business. The group will initially operate as a wholly owned independent operating subsidiary of RSM until it transitions to RSM's systems in late fall of this year.
Financial terms of the deal were not disclosed. RSM ranked No. 5 on Accounting Today's 2023 list of the Top 100 Firms, with revenue was $3.6 billion last year and 16,101 total employees. Wise Consulting has over 100 people.
"We are thrilled to work side by side with the highly respected and talented Wise team as collaborators in bringing compelling, holistic digital workforce solutions to our clients," said RSM US national consulting leader Pat Vance in a statement Wednesday. "These are the kinds of integrated solutions clients expect and that help us instill confidence in a world of change as middle-market leaders make decisions about how their businesses can operate most effectively and efficiently."
Wise Consulting president and CEO Steve Grem will be joining RSM, along with practice leaders Jennifer Southworth, Marta Williams and Lorry Twisdale and the rest of the Wise Consulting team of human capital technology implementation and support consultants, payroll service providers, and support staff.
"We are excited to bring our talent and services to a leading firm that will help us maximize the potential for our practices, our clients and our employees," said Grem in a statement. "In RSM we have found critical alignment in culture, values and client service philosophy and approach. We look forward to offering enhanced services to our clients and to providing new growth, training and advancement opportunities for our people."
RSM was advised on the merger by martinwolf, a firm that handles mid-market mergers and acquisitions in the technology channel partner space.
Last year, RSM acquired
