Global investment bank RSM EquiCo Capital Markets LLC, one of the nation’s most successful merger and acquisition advisory firms, has changed its name to McGladrey Capital Markets LLC (www.mcgladreycm.com).
The firm’s new identity reflects its closer integration with RSM McGladrey, Inc., one of the nation’s largest providers of accounting, tax and business consulting services. Both firms are indirect subsidiaries of H&R Block, Inc. (NYSE: HRB).
The simple explanation, according to one source, is that many people often refuse to save for their retirement.
“Let’s face it, people are either savers or they’re not. The ones that are not need to be educated and it’s not easy,” said Charlene Davidson, senior managing director for RSM EquiCo Capital Markets LLC, an investment banking services firm in Costa Mesa.
The aging of the US population and business owners, as well as the coming presidential elections, is also spurring M&A activity.
"One driver of M&A is generational. For example, there is one chemical company with sales below $50m and a CEO who is 64 and looking to find a solution," says Jean Cayanni, senior managing director and head of the chemicals practice and capital raising at US-based investment bank RSM EquiCo. "There is also uncertainty with regard to the US tax code. Some sellers want to close before the end of the year to make sure they are under the current capital gains structure."
