Merger strengthens RSM’s footprint in Brazil

RSM Brazil, the leading audit, accounting, tax, and consulting Firm focused on the middle market, has today announced that it is bolstering its expertise and accelerating further growth in Latin America by merging with the audit and consulting Firm, Pemom.

The merger, which is effective today, has resulted in RSM Brazil employing more than a thousand experts located across 10 key areas in Brazil - São Paulo, Rio de Janeiro, Belo Horizonte, Fortaleza, Salvador, Vitória, Curitiba, Barueri, Indaiatuba and Campinas.

Since its inception in 2012, Pemom has built an unrivalled reputation as a leading independent Firm of qualified accountants, auditors, and consultants regulated by the Brazilian Security Commission. In particular, Pemom will bolster RSM Brazil’s already strong audit, tax, HR and employment solutions, real estate credentials, as well as its risk advisory services.

Partners at the Firm are also active members of working groups within IBRACON, the private organisation established to promote and enhance the audit profession and drive improvements across professional practices, in addition to being a member of the International Federation of Accountants.

Following the integration of Pemom, RSM Brazil forecasts revenues of R$ 215 million ($ 42,063,900) in 2022, having recorded revenues of R$ 155 million in 2021 - a 30% increase on the previous year.

Laércio Soto, who has been a senior leader at RSM Brazil for almost a decade, will lead the newly integrated Firm as Managing Partner.

Mr Soto commented, “This merger is testament to our long-term commitment to expanding our services, and developing the skills and expertise of our people. Growing our on-the-ground presence is a priority as RSM Brazil continues to support middle market businesses in the region with their growth journeys in a post-COVID world.

“The synergies go beyond the external market opportunities. Pemom, with a culture of care and inclusion, as well as a core belief in the highest ethics, makes it a great fit with RSM’s vision and values. Last year, RSM Brazil’s revenue increased by 30% and we anticipate even higher growth in 2022 as we start the year stronger than ever.” he concluded.

Having acquired a wealth of senior management, business strategy, and operational leadership experience during a 14-year tenure at RSM Brazil, Carlos Gerhard, will take on the newly created role of Chief Operating Officer to drive growth and efficiencies across RSM Brazil’s newly combined operations.

Commenting on the merger, Mr Gerhard said, “Pemom has developed an excellent reputation over the last 10 years for providing quality services, perfectly aligning the organisation with RSM’s industry-leading global standards and ambitions. In addition, by combining our operations, we will increase efficiencies and ensure that we can continue as a sustainable, people-centric and growth-focused business.”

Jean Stephens, Chief Executive Officer of RSM International, commented, “The combined businesses create an even greater footprint for RSM in Brazil, which remains a key market for our global Network. Under the leadership of Laércio and Carlos, RSM Brazil is set to serve clients with an enhanced offering; drive productivity to new heights; and power further growth, both in the region and internationally. I would like to personally wish the Team from Pemom a warm welcome as they settle into our global RSM community.”