Top 100 Firm Reinsel Kuntz Lesher LLP has acquired Radnor, Pa.-based GTM Risk Management.
Under the deal, which was effective Oct. 1, GTM will operate as a wholly owned subsidiary of RKL called RKL Risk Management LLC, providing risk management services to financial institutions, credit unions and other business in the Mid-Atlantic Region, including internal audit, compliance and IT audit services.
“GTM Risk Management has an exemplary reputation for helping financial institutions of all sizes assess risk and manage compliance,” said RKL CEO Edward W. Monborne. “We’re glad to add their expertise to our firm’s growing risk management practice through the creation of RKL Risk Management.”
“Simply put, RKL is an ideal fit for our risk management practice. RKL’s experience as one of the nation’s top auditors of credit unions and their shared focus on financial institutions resonated with us. They are committed to expanding the practice and its resources, presenting exciting opportunities for our team members and clients alike,” said Randy Coneby, principal at RKL Risk Management.
The deal is part of RKL’s efforts to evolve from a traditional COA firm to a “financially oriented professional services firm.” The firm has previously expanded its capabilities in operational improvement, investment banking, HR consulting and other areas.
RKL Risk Management will operate in a new suite at its former address at 150 N. Radnor-Chester Road.
RKL ranked No. 67 on Accounting Today’s 2016 Top 100 Firms list, with $57 million in net revenue.
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