Mergers Bolster CPA Firms in Arkansas
Recent mergers in the CPA industry have reshaped the landscape in Arkansas. Two notable instances are the formation of Garland & Greenwood CPAs and Advisors, PLLC, and the growth of Landmark CPAs.
Garland & Greenwood: A Unified Force
Garland & Greenwood CPAs and Advisors, PLLC, is the result of a five-way merger between FDV/CPA & Consulting Services, Gasaway & Co. CPAs, McIlroy Keen Goodman LLP, Prince & Tuohey CPAs, and Robert G. Schichtl II CPA. This strategic union brought together firms from various locations across the state, including Bentonville, Little Rock, and Conway. The merger aimed to create a more substantial firm that could provide a wider range of services to clients and attract new talent in the industry. Founding Partner John Brock, with his extensive experience in the gasoline distribution industry and robust skills in accounting, played a crucial role in the formation of this firm.
Landmark CPAs: Consolidating Strength
Landmark CPAs, another significant player in the Arkansas CPA industry, has also seen significant growth through mergers. The firm was formed by the combination of Beall Barclay & Co. and Thomas & Thomas LLP. With its long history of serving clients, Landmark has expanded its reach and capabilities, making it one of the larger CPA firms in the state.
Positioning for Success
These mergers underscore the trend in the CPA industry where smaller firms are looking for options to merge and leverage resources. The combined strength of these firms enables them to offer a broader array of services to clients, invest in modern technology, and stay competitive in the market. Additionally, these mergers provide succession plans for the aging generation of accountants, ensuring that the firms remain stable and sustainable for the future.
Client-Centric Approach
Both Garland & Greenwood and Landmark CPAs emphasize their commitment to client satisfaction. By merging, they can tap into each other’s expertise, enhancing their ability to provide comprehensive services that meet the diverse needs of their clients. This focus on client-centricity is critical in maintaining long-term relationships and driving business growth.
The Path Ahead
As the CPA industry continues to evolve, these mergers and the subsequent growth of firms like Garland & Greenwood and Landmark CPAs set the stage for even more dynamism in the future. With their combined strengths, these firms are poised to tackle the challenges of the industry head-on, ensuring their clients receive the highest level of professional support and guidance.