RSM McGladrey Inc. announced a Labor Day deal to acquire Phoenix-based real estate tax firm, Gaughan & Nahom PLC.
Financial terms of the deal were not disclosed.
A boutique firm, Gaughan & Nahom has three partners and is dedicated to offering real estate tax and consulting services throughout Arizona and the southwest.
Michael Dempsey will join Bob Gaughan and Robert Nahom as managing directors in RSM McGladrey, as well as partners in the CPA firm of McGladrey & Pullen LLP. The acquisition will make RSM McGladrey the second-largest accounting, tax and business-consulting firm in the Phoenix area.
In a statement, Gaughan said the merger meant that his firm's clients would have access to a much wider range of services offered by the larger firm. Gaughan & Nahom's will soon begin conducting business as RSM McGladrey from their current Phoenix office, and will move into McGladrey's Phoenix office by early November.
McGladrey, an H&R Block Inc. subsidiary, ranked No. 6 on Accounting Today's 2006 list of Top 100 Firms, with revenues of $1.2 billion.
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