McGladrey & Pullen LLP announced that it has acquired Chicago-based CPA firm Altschuler, Melvoin and Glasser LLP.AM&G previously had an alternative practice structure with American Express Tax and Business Services, which was acquired by RSM McGladrey in October 2005.
Financial terms of the acquisition, which was completed Nov. 1, were not announced. McGladrey & Pullen and RSM McGladrey also operate under an alternative practice structure.
Founded in 1923, AM&G provides industry-focused audit services to midsized private and public companies, including distribution and wholesale companies, education institutions, manufacturers, food service companies, not-for-profit organizations, associations and financial services and real estate firms. As a result of the acquisition, 60 partners and 63 directors will join McGladrey & Pullen.
The combined McGladrey firms were ranked No. 6 on Accounting Today's 2006 list of Top 100 Firms, with revenues of $1.2 billion.
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