Investor Relations

Press Release Details

RSM McGladrey Strengthens Texas Presence with Fisk & Robinson Acquisition; Mid-sized Businesses to Get Expanded Services from National Accounting and Consulting Firm

October 11, 2001

MINNEAPOLIS--(BUSINESS WIRE)--Oct. 11, 2001--RSM McGladrey, Inc., a national accounting, tax and consulting firm serving mid-sized businesses, has announced it has acquired the non-attest assets of the Dallas accounting firm of Fisk & Robinson, PC, effective October 1, 2001. Fisk & Robinson, formed in 1979, has provided accounting services to financial institutions and middle-market businesses throughout Texas.

"Adding Fisk & Robinson to our existing Dallas location strengthens our presence in one of the top-25 markets in the country," said Tom Rotherham, chief executive officer of RSM McGladrey, explaining that RSM McGladrey entered the Dallas market in 2000 by acquiring the operations of WS Business Services, Inc. "Fisk & Robinson shares our commitment to serving mid-sized, owner-managed firms, as well as high net worth individuals."

"Our staff is enthusiastic about working with the professionals at Fisk & Robinson," said Steve Sanders, managing director of RSM McGladrey's Dallas practice. "Our combined 95 professionals will work together to serve fast-growing mid-sized businesses in our market."

"As part of RSM McGladrey, we will be able to provide clients with all of the benefits - including expanded services and broader industry-specific expertise - available only through a national firm," explained Johnnie Robinson, who, along with George Fisk, served as co-managing partner of Fisk & Robinson. "At the same time, we help strengthen RSM McGladrey's focus in the financial institutions industry and several other industries throughout Texas. This is a win-win situation."

"We have aligned ourselves with a national firm that closely mirrors our philosophy of high-quality, responsive and personalized client service," said Fisk. "Additionally, our employees have new tools at their disposal, such as various technology, training and reference resources, which will help us serve our clients more efficiently."

To assure independence for attest services, including audits and reviews, Fisk & Robinson's attest assets have been acquired by McGladrey & Pullen, LLP, a Minneapolis-based, independently owned, national certified public accounting firm.

Fisk & Robinson has a 22-year history of serving clients throughout Texas. The firm's staff of 36 serves clients in a variety of industries including financial institutions, auto dealerships, insurance and individuals.

RSM McGladrey, Inc., is a leading national accounting, tax and consulting firm that focuses on serving the needs of fast-growing, mid-sized companies, which generally includes businesses with $5 million to $250 million in annual revenues. With more than 3,000 employees and 100 offices nationwide, RSM McGladrey is the U.S. member of RSM International, the seventh-largest accounting, tax and consulting organization in the world, and is a subsidiary of H&R Block (NYSE:HRB).

CONTACT: RSM McGladrey, Inc., Minneapolis
Connie Smith Benning, 563/324-0447