Accountancy and advisory firm RSM Ireland is to be acquired by RSM UK, as part of an investment that the Irish firm says will lead to the creation of “at least” 200 jobs over the next three years.

Both firms are members of RSM International – a global network of audit, tax and consulting firms spanning more than 120 countries.

A statement from RSM Ireland said that RSM UK would acquire ownership of the business from the current board, which comprises John Glennon, Aidan Byrne, Catherine Corcoran Gearty, and Niall May.

Partners staying on

The two firms will continue to operate as independent firms, with founding partners Glennon, Corcoran Gearty, and Byrne staying on in leadership roles.

May will succeed John Glennon as managing partner in January 2024.

“This major investment by RSM UK in RSM Ireland will drive greater access to talent, technology, support and expertise at RSM,” the Irish firm said, adding that the move would also enable “a seamless advisory service” to clients in both jurisdictions.

RSM Ireland said that the expected creation of 200 jobs in the next three years would double its current size and expand its share of the Irish corporate marketplace.

‘Vote of confidence’

John Glennon (founding and managing partner of RSM Ireland, pictured) said that the investment would enable the firm to accelerate its investment in Irish capabilities, deepen its service offerings and expertise, and expand the breadth of services to clients.

“It is a huge vote of confidence in our firm and the Irish economy,” he stated.

Rob Donaldson (CEO of RSM UK) described the investment as “a major statement of intent to accelerate growth and capture greater market share in Ireland”.