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RGP Acquires Professional Services Firm Accretive Solutions, Inc.


Transaction adds scale and growth potential in key US markets and is expected to add to RGP’s revenue and EBITDA Accretive’s subsidiary Countsy will continue to operate under its own brand

Press Release Date: 

November 1, 2017


Irvine, CA


Business Wire -

Resources Connection, Inc., (NASDAQ: RECN), a multinational business consulting firm operating as Resources Global Professionals (‘RGP’), today announced it has signed a definitive agreement to acquire substantially all of the assets and assume certain liabilities of Accretive Solutions, Inc. (‘Accretive’) for $19.4 million in cash and 1,150,000 shares of Resources Connection, Inc. restricted common stock.

About Section: 

RGP, the operating subsidiary of Resources Connection, Inc. (NASDAQ: RECN), is a multinational business consulting firm that helps leaders execute internal initiatives. Partnering with business leaders, RGP drives internal change across all parts of an enterprise – accounting; finance; governance; risk and compliance management; corporate advisory; strategic communications and restructuring; information management; human capital; supply chain management; and legal and regulatory.

RGP was founded in 1996 within a Big Four accounting firm. Today, RGP is a publicly traded company with over 3,200 professionals, annually serving over 1,800 clients around the world from 69 practice offices.

Headquartered in Irvine, California, RGP has served 87 of the Fortune 100 companies.

The Company is listed on the NASDAQ Global Select Market, the exchange's highest tier by listing standards. More information about RGP is available at (RECN-F) Certain statements in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may be identified by words such as “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “remain,” “should” or “will” or the negative of these terms or other comparable terminology. Such statements and all phases of the Company’s operations are subject to known and unknown risks, uncertainties and other factors that could cause our actual results, levels of activity, performance or achievements and those of our industry to differ materially from those expressed or implied by these forward-looking statements. Risks and uncertainties that may or may not be realized include certain anticipated benefits of the acquisition such as our ability to recognize certain growth opportunities and achieve deeper penetration in the U.S. middle market and with startup companies, our ability to greatly strengthen our position in key US markets and add subscription-based services to our offerings, our ability to exploit the Countsy brand to expand into additional markets, our ability to achieve our revenue, EBITDA and cost synergy expectations, as well as seasonality, overall economic conditions and other factors and uncertainties as are identified in our most recent Annual Report on Form 10-K and our other public filings made with the Securities and Exchange Commission (File No. 0-32113). Additional risks and uncertainties not presently known to us or that we currently deem immaterial may also affect our business or operating results. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend, and undertakes no obligation, to update the forward-looking statements in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, unless required by law to do so.

Contacts Section: 

Resources Connection, Inc.
Analyst Contact:
Herb Mueller
Chief Financial Officer
(US+) 1-714-430-6500
Media Contact:
Michael Sitrick
(US+) 1-310-788-2850

Accretive Solutions Names Kerry L. Barrett President

Chicago, IL - July 7, 2014 – Accretive Solutions, a national professional services firm delivering services in accounting and finance, governance and compliance, information technology, and business transformation solutions, today announced that Kerry Barrett has been appointed the firm's President. Rich Moran, current CEO of Accretive Solutions will resign as CEO, but remain as Vice Chairman of the Board. Moran has accepted a role as President of Menlo College in Atherton, CA and will transition over the coming two months.


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