The trend of consolidation among consulting firms is also gaining momentum in the Czech Republic. RSM announces the acquisition of Clarkson Hyde Czech Republic
Consulting firm RSM, under the leadership of Managing Partner Monika Marečková, has completed another significant acquisition. This time, it has acquired the advisory group Clarkson Hyde Czech Republic. Its four Czech entities focus on consulting services, accounting, tax, and audit. The acquisition, valued at the tens of millions of Czech crowns, is RSM’s second major investment in the past three years. After more than a decade, RSM is also re-entering the Czech audit services market.
The RSM group in the Czech Republic continues its rapid growth and remains committed to its goal of reaching CZK 1 billion in revenue by 2030. Over the past three years, its turnover has increased by 47 percent to a total of CZK 552 million in 2024, and the company is continuing to follow its proven investment strategy this year.
“We are witnessing a strong trend of consolidation in the consulting services market. In this case, it’s even on a global scale. Strong private equity players are entering our industry, and in order to preserve our autonomy, we must continue to grow” explains Monika Marečková, Managing Partner of RSM for the Czech Republic and Slovakia. “Large clients more often choose a single auditor for their global operations, and for a consulting firm like RSM, the ability to offer full-scope service in every country is absolutely essential.”
The acquisition of the Czech companies from the Clarkson Hyde advisory group, particularly its audit team, is expected to bring the RSM group even closer to new global clients. “I consider it important that we are returning to audit services by acquiring a partner like Clarkson Hyde – especially considering the quality of their team, their long-standing experience, and their excellent market reputation. That is precisely why their approach resonates so well with ours,” adds Monika Marečková.
Under Marečková’s leadership, RSM focuses on large and mid-sized businesses with global ambitions. The company is a strong player in business advisory, valuations, payroll, tax, and accounting. However, in the past year, technology consulting has, for the first time, become its leading service offering.
“The rapid pace of technological development favours firms with strong IT foundations. That technological strength was one of the key reasons for combining our teams with a stronger partner,” says Monika Ruprechtová, Founding Partner of Clarkson Hyde Czech Republic. For RSM, technology consulting has become a strategic sector and last year accounted for the majority of the company’s total revenue. “Joining forces also clearly makes sense when it comes to securing a stronger market position, particularly through the use of next-generation tools that support the work of auditors, tax advisors, and accounting professionals,” adds Daniela Fojtíková of Clarkson Hyde Czech Republic. Both sides also see an opportunity for further growth while maintaining high-quality services for clients and a positive, people-friendly work environment for employees.
RSM’s Return to Audit Could Reshape Czech Market Rankings
RSM exited the audit sector in the Czech Republic in 2012. Nevertheless, it currently ranks as the eighth largest consulting firm in the country by revenue. With the acquisition of four companies from the Clarkson Hyde group, it may now rise to sixth position. For RSM Czech Republic, the return to audit is a strategically important step, also considering the firm’s role within the global RSM network. The acquisition comes at a time when audit services are experiencing rapid global growth. According to a report by IMARC Group, the European audit services market reached a value of nearly EUR 70 billion in 2024 and is expected to grow to over EUR 120 billion by 2033, with a compound annual growth rate (CAGR) of 6.3 per cent.
