TMF Group acquires Brazilian BPS business from RSM

09 January 2025 Consultancy.lat

TMF Group has expanded its services in Brazil with the acquisition of a business unit from RSM.

The acquisition will see the BPS (business process services) division of RSM transfer to TMF Group, deepening its suite of compliance and administrative services. RSM BPS specializes in accounting, tax and payroll services.

“This acquisition marks a pivotal step in our expansion strategy for Latin America and Brazil. We’re thrilled to welcome RSM BPS to TMF Group. This partnership significantly enhances our capabilities in the country and enriches our global portfolio, enabling us to continue delivering flawless service to our clients,” said Mauricio Cataneo, Brazil Managing Director at TMF Group.

For TMF Group, the bolt-on builds on its recent acquisitions of Auren in Uruguay, and KMC Campos y Campos and Matas Lorenzo in Mexico.

Commenting on the cross from the professional services network to TMF Group, Anderson Mesquita, Partner at RSM BPS said: “We are excited to join forces with TMF Group as we embark on this new chapter. TMF Group’s global reach will enable us to broaden our reach and capabilities, creating enhanced opportunities for both our clients and our employees.”

Mesquita added that the firm’s team will benefit from expanded career paths and enriched learning and development programs.

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