Transaction Adds Enhanced Service Offerings and Strengthens Southeast Presence

LBMC, the Southeast’s third largest business consulting and financial services firm and top 35 firm in the nation, proudly announces that Strothman & Co, 路易斯维尔的一家会计公司, Kentucky, 已达成协议，自11月11日起加入本公司. 1. This strategic growth transaction expands LBMC’s geographic footprint across multiple states, amplifying the firm’s capacity to provide an extensive range of services and augmenting the organization’s talent pool.

The Strothman & Co transaction adds 60 professionals and brings LBMC to a total of five locations, with more than 850 team members, serving more than 11,000 clients across the nation.

“虽然LBMC在过去40多年里的增长主要是有机的, 我们公司现在积极地利用机会增加人才, skills, and filling gaps in our service offerings to ensure we continue to evolve as the firm of the future,” said LBMC CEO Jeff Drummonds. “The Strothman & Co team further enhances our service offerings and allows us to expand our Kentucky presence, 我们目前在全州有100多家客户.”

除了增加强大的医疗保健行业知识, LBMC brings expanded expertise around advisory services such as human resources, technology solutions, staffing/recruiting services, cybersecurity, consulting/business intelligence, 财富咨询服务和采购 & Co client base. 医疗保健目前占LBMC业务的30%, 以及包括私募股权在内的其他核心垂直领域, manufacturing and distribution, technology, and high net worth families.

“我们很高兴能加入一个全国知名的专家团队, who bring complementary strengths to the table while being fully aligned on core values, 卓越的客户经验和文化,” said Bill Meyer, Managing Partner of Strothman & Co. “We believe this transaction will bring numerous benefits to both our team members and valued clients.”

媒体:LBMC通过与地区公司合并进入路易斯维尔

Originally posted on Nashville Business Journal.

Nashville-based accounting firm LBMC today announced that Louisville-based Strothman & Co. will join the company starting Nov. 1, after which Strothman & Co. will operate under the LBMC name.

The addition of the Strothman & Co. 团队为LBMC团队增加了60名专业人员, 共有850多名成员, who serve 11,全国5个不同地区的5000名客户. 这将使LBMC在肯塔基州开设第一家实体店.

LBMC CEO Jeff Drummonds said it’s the right time for LBMC to grow “intentionally.今年1月，他开始与斯特罗思曼的领导层会面, after he was introduced to the firm through a mutual connection familiar with both companies.

“We’re a very unique firm in in the public accounting space in that about 60% of our practice is advisory, meaning that 2/3 of our business basically is not traditional [accounting] services,” Drummonds said. “如果我们找到一个可以推出这些服务的市场, and we have a partner that shares our vision on how to do business and how to create opportunities for our teams, 那么我们就会热情地追求这些机会.”

Strothman and Co.’s managing director Bill Meyer said LBMC’s non-accounting services are exactly what made the prospect of joining the company appealing — his firm won’t have to start from scratch to learn how to offer similar services.

他说，迈耶的团队也可以为LBMC提供经验.

“LBMC不做的一件事是政府实体. We’ve got quite a large governmental client base, and we do some very large governments. 路易斯维尔市是明升体育app下载客户，莱克星顿市也是. “I think they see a way to leverage that into maybe having some governmental clients in Tennessee.”

LBMC最近上了头条新闻说德拉蒙兹会 stepping down from leadership at the end of the year. 他打算继续留在公司, but said the news of his impending departure was a speedbump in early talks about the merger.

“本来可能是消极的结果却变成了积极的. 就像我昨天跟斯特罗思曼团队说的, 作为过渡的一部分，我还要在LBMC待一年半, and I need a job,” Drummonds said. “我的主要职责之一是专注于使这一组合成功, so I plan on spending a significant amount of time in the Louisville market and doing all that I can to make this successful.”

迈耶说他一开始很担心, 因为他的谈话对象都是德拉蒙兹, but upon meeting his successor, James Meade Jr. 他相信两人可以合作.

“我已经有点喜欢上杰夫了. Then Jeff and Jim and me and a couple of my partners had dinner, and Jim is wonderful. I hit it off with Jim really well because he came up through the audit side of LBMC, and that’s my background as well,” Meyer said.

LBMC, 福布斯2023年最佳税务和会计事务所之一, is one of the largest accounting and business consulting firms in the Southeast and is the second-largest accounting firm in Nashville based on the number of professionals, 根据《明升体育app下载》的研究.

媒体:LBMC收购路易斯维尔同行

Originally posted in Nashville Post.

布伦特伍德会计师事务所为斯特罗思曼支付了一笔未披露的金额 & Co.

By: William Williams

Brentwood-based accounting and business consulting company LBMC announced Thursday the acquisition of Louisville accounting firm Strothman & Co.

Terms of the deal, effective Nov. 1, were not disclosed in a release.

Strothman & Co. will operate as LBMC. Bill Meyer, Strothman & Co. 他将继续留在公司的路易斯维尔办公室.

The Strothman & Co transaction adds 60 professionals to LBMC and gives the firm five locations (including Chattanooga, Knoxville and Charlotte), 拥有850多名员工，服务于11个国家,000 clients nationwide.

“虽然LBMC在过去40多年里的增长主要是有机的, 我们公司现在积极地利用机会增加人才, skills and filling gaps in our service offerings to ensure we continue to evolve as the firm of the future,LBMC首席执行官兼管理股东杰夫·德拉蒙兹在新闻稿中表示. “The Strothman & Co team further enhances our service offerings and allows us to expand our Kentucky presence, 我们目前在全州有100多家客户.”

The acquisition follows LBMC having recently announced Drummonds will shift his focus to “strategic growth efforts,” with veteran company leader Jim Meade to serve as CEO and managing shareholder (read here). The move will be effective Jan. 1, 2024.

Accounting Today ranked LBMC the Southeast No. 3 .会计事务所基于收入($192).5 million) this year.

LBMC focuses its work on the health care industry (about 30 percent of the firm’s business) along with private equity, manufacturing and distribution, 技术和高净值客户. 公司的咨询服务包括人力资源, technology solutions, staffing/recruiting services, cybersecurity, consulting/business intelligence, 财富咨询服务及采购.

MEDIA: LBMC merges in Strothman & Co.

Originally posted in Accounting Today.

位于田纳西州布伦特伍德的50强律所LBMC也加入了Strothman & Co.该公司总部位于肯塔基州路易斯维尔. 1. 

这笔交易将把LBMC的业务扩展到肯塔基州和印第安纳州. LBMC拥有800多名团队成员, with offices in Chattanooga, Brentwood, and Knoxville, Tennessee, as well as Charlotte, North Carolina. Strothman has offices in Louisville and Middletown, Kentucky, along with Jeffersonville, Indiana.

LBMC共有58名股东和800名员工, 而斯特罗斯曼有9个股东和65名员工. 他们将为全国11,000多名客户提供服务.

交易的财务条款没有披露. LBMC, which ranked No. 35 on Accounting Today‘s 2023 list of the Top 100 Firms, earned $206 million in annual revenue, while Strothman & Co. earned $14 million in revenue.

“虽然LBMC在过去40多年里的增长主要是有机的, 我们公司现在积极地利用机会增加人才, skills, and filling gaps in our service offerings to ensure we continue to evolve as the firm of the future,LBMC首席执行官杰夫·德拉蒙兹周五在一份声明中说. “The Strothman & Co. team further enhances our service offerings and allows us to expand our Kentucky presence, 我们目前在全州有100多家客户.”

LBMC specializes in serving clients in the health care sector, who make up about 30% of its business. 该公司还为私募股权客户提供服务, manufacturing, distribution and technology sectors, as well as high-net-worth families. 它将能够提供人力资源等咨询服务, technology solutions, staffing, recruiting, cybersecurity, consulting, business intelligence, 为斯特罗思曼的客户群提供财富咨询和采购服务.

“我们很高兴能加入一个全国知名的专家团队, who bring complementary strengths to the table while being fully aligned on core values, 卓越的客户经验和文化,Strothman董事总经理Bill Meyer在一份声明中说. “We believe this transaction will bring numerous benefits to both our team members and valued clients.”

In 2019, LBMC acquired Think Data Insights该公司于2017年收购了位于纳什维尔的数据分析公司 W Squared是一家总部位于田纳西州的外包公司 Pivotal Bridge’s Intacct practice in Atlanta.

Michael Cohn，《明升体育app下载》主编.com

About LBMC

LBMC is a 2023年福布斯最佳税务和会计事务所, one of the Southeast’s largest accounting and business consulting firms, and an 《明升体育app下载》全美顶尖律所 serving approximately 10,000 clients with diverse needs across a spectrum of industries. Primary client groups include privately-owned middle market companies in the healthcare, manufacturing, technology, and private equity space. LBMC拥有800多名团队成员, with offices in Chattanooga, Nashville (Brentwood), and Knoxville, Tennessee, and Charlotte, North Carolina. 成立于1984年，是一家传统的会计师事务所, LBMC today offers a broad range of advisory and business consulting services for its client base. Named an Inc. Best in Business company, LBMC是金融行业的领导者, human resources, technology, cybersecurity, 以及为企业和个人提供财富咨询服务. 更多关于LBMC专家和综合服务的信息， visit basilinfracon.com or call 615.377.4600. LBMC正在成长，工作机会可以在上面找到 our careers page.

About Strothman & Co

Strothman & Co is a full-service accounting and advisory firm serving clients in Kentucky, Indiana, and beyond. 该公司还为组织和个人提供广泛的服务, including audit, assurance, tax planning, outsourced accounting, strategic advisory, wealth management, and more.