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July 20, 2010

McGladrey acquires large regional Boston firm

US firm McGladrey has acquired former Baker
Tilly International member firm Caturano and Company.

Caturano and Company is a Boston-based
accounting, auditing, tax and business advisory firm with more than
30 years experience. It specialises in providing services to the
high-tech, biotech, manufacturing and professional services
sectors.

McGladrey says the acquisition will place it
as the fifth largest CPA firm in the New England region, with about
500 employees. Caturano and Company adds 38 partners, 370 employees
and about $62 million in annual revenue to the combined firm.

The merged entity will be led by Caturano and
Company co-founder Richard Caturano. McGladrey’s current Boston
practice leader Steve Dooley will remain with the firm and lead the
integration process.
RSM McGladrey’s president and chief operating officer CE Andrews
said the addition of Caturano and Company will bring new
opportunities to the firm and its clients.
“Our new firm will be a powerhouse in the marketplace, with clients
benefiting from the collective depth of talent and industry
expertise. They will have the resources of a global firm with
strong, high touch local service, which is something that truly
differentiates us,” Andrews said.
Caturano and Company president and chief executive of Richard
Caturano said: “Our clients – from the small family-owned
businesses to the large, publicly-traded companies – are the real
benefactors as McGladrey’s national and international network of
resources will enhance our ability to meet their future needs.”

McGladrey in a member of RSM International and
operates under an alternate practice structure with RSM McGladrey
providing accounting and business advisory services and McGladrey +
Pullen providing audit. The two firms re-branded under McGladrey in
June 2010.

According to the latest International
Accounting Bulletin
US survey, the combined revenue of RSM
McGladrey and McGladrey + Pullen was $1.46 billion in the year to
30 April 2009, making it the largest mid-tier firm in the
world.

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