The caring, comprehensive client experience has long been a hallmark of the accounting and consulting firms of Petty & Landis, PC and Lattimore Black Morgan & Cain, PC (LBMC). Acknowledged as industry leaders across a broad spectrum of disciplines, these companies have joined as Lattimore Black Morgan & Cain, PC (LBMC). The result is a vibrant, energetic team of professionals prepared to provide the most comprehensive business services available in the Chattanooga area.
“The merger of Petty & Landis and LBMC is a strategic move for both firms,” explains Steve Lewis, former Principal and now Managing Partner of LBMC Chattanooga. “It enables us to expand and enhance the resources we offer to existing clients. LBMC, the largest regional firm in Tennessee, will gain a physical presence in the Chattanooga market as well.”
The former Petty & Landis was founded in Chattanooga in 1966, and traditionally provided audit and tax service including consulting and management expertise for companies ranging from small start-ups to major national operations. Formed in Nashville in 1984, LBMC is currently listed among the top 50 firms in the United States by Inside Public Accounting Report and is ranked 45th in size in the U.S. and seventh in size in the Southeast by Public Accounting Report. Serving a variety of middle market and more than 50 public companies, the established Chattanooga office complements existing LBMC offices in Nashville and Knoxville. LBMC offers a wide array of services designed to help meet the growing needs of businesses. These services include the traditional tax planning, compliance and financial statement audits and reviews, however, they also include a broader array of services that includes state and local tax services, due diligence, risk services including Sarbanes-Oxley Compliance, IT assessments and security, SAS 70, internal audit outsourcing, estate and gifting strategies, litigation support, business valuations, mergers and acquisitions, investment advisory services, human resources consulting and outsourcing, healthcare consulting, planning and growth strategy, professional staffing, and technology solutions as one of Microsoft’s top tier providers in the U.S.
With more than 400 employees across the state of Tennessee, LBMC has the resources needed to assist businesses of any size from start-up to publicly-traded companies with international operations. Utilizing its strategic Chattanooga location the firm may consider future expansion into the North Georgia and North Alabama markets.
“We are very excited about our newest location in Chattanooga,” adds David Morgan, Managing Partner of LBMC. “We are unified by a common purpose to utilize our combined knowledge experience and innovation to solve problems and enhance opportunities for our clients. This is our core purpose at LBMC - it is how we do business. The merger also gives us a very strong presence in all major cities in East and Middle Tennessee.”
A thorough evaluation of the quality of life in the Chattanooga area and the potential for sustained economic growth have generated optimism for LBMC that more companies will expand and relocate locally to leverage a skilled, reliable and steady workforce. This, in turn, will increase demand for services provided by LBMC, growing the firm’s physical presence and personnel. “We are always interested in talking to accounting professionals who share our vision to serve clients and want a rewarding career, says Steve Lewis. “Our merger and strategy for Chattanooga is a win for all of us; our clients, our community and our team. The Chattanooga community has fully embraced the combination of our firms. The expanded service offering has given our community additional resources in professional accounting, tax and consulting. The merger has already proven the opportunity for clients to enjoy these expanded services while maintaining the personal level of service that they are accustomed to receiving.”
The accounting and consulting professionals of LBMC have begun a new era, enhancing existing relationships while initiating and building new ones. Clients of the firm can expect a future-focused firm that continues its commitment to the highest level of client satisfaction.
To learn more about the accounting and consulting services provided by LBMC through its Chattanooga, Nashville and Knoxville offices, visit online at lbmc.com or call (423) 756-6585.