LBMC

Last updated
LBMC Family of Companies
Company typeUS private company
Industry Accounting
Founded1984
ProductsProfessional Services
Number of employees
900+
Website www.lbmc.com

LBMC, PC is an accounting and professional services firm with its headquarters in Brentwood, Tennessee, part of the Nashville metropolitan area. LBMC employs more than 900 people [1] across 6 offices in the Southeastern United States, including Nashville, Chattanooga, Knoxville, and Memphis in Tennessee, as well as Louisville, Kentucky, and Charlotte, North Carolina. [2]

LBMC provides audit and assurance, tax, and business advisory services, as well as additional offerings in wealth management, recruiting and staffing, technology consulting, human resources, and procurement.

History

Founded in 1984, the firm was originally established as Lattimore, Black, Morgan, and Cain, PC, [3] named after its founding partners. It later adopted the shortened name LBMC, which is now used across the organization and its affiliated companies.

LBMC expanded its advisory and technology capabilities through a series of acquisitions in the late 2010s. Accounting Today reported that the firm acquired the Tennessee-based outsourcing provider W Squared and Pivotal Bridge’s Intacct consulting practice in 2017, followed by the data-analytics firm Think Data Insights in 2019. [4] [5] [6]

In September 2023, Nashville Business Journal reported that CEO Jeff Drummonds stepped down after nearly a decade in the role to take on strategic growth initiatives within the organization. Jim Meade Jr., previously the firm’s chief strategy officer, was appointed as the new CEO. [7] [8]

In October 2023, LBMC announced a merger with Strothman & Co., a Louisville-based accounting firm with operations in Kentucky and Indiana. The deal became effective on November 1st, 2023, and marked one of LBMC’s largest expansion moves, adding more than 100 professionals and extending its physical presence into new Midwestern markets. [9] [10]

In 2025, the firm ranked 35th among the largest CPA firms in the United States by Inside Public Accounting, with reported net revenue of $234.6 million, [11] and has been recognized on Forbes’ “America’s Best Tax and Accounting Firms” list and on Fortune’s Best Workplaces in Consulting & Professional Services rankings. [12]

References

  1. ↑ "LBMC Expands Geographic Footprint into Memphis as Frazee Ivy Davis Joins Firm". GlobeNewswire. December 4, 2024. Retrieved September 11, 2025.
  2. ↑ "LBMC Office Locations". LBMC. September 11, 2025. Retrieved September 11, 2025.
  3. ↑ Hinds, Andrea (March 12, 2018). "LBMC: More Than Accountants". Williamson County Source. Retrieved September 11, 2025.
  4. ↑ "LBMC Merges in Kentucky-Based Firm". Inside Public Accounting. 2023-10-23. Retrieved 2025-11-24.
  5. ↑ Williams, William (2023-10-20). "LBMC acquires Louisville peer". Nashville Post. Retrieved 2025-11-24.
  6. ↑ Treadway, Clint (2019-08-06). "Accounting Firm LBMC Acquires National Data Analytics Firm, Think Data Insights". CPA Practice Advisor. Retrieved 2025-11-24.
  7. ↑ "James R. Meade, Jr. Named CEO and Managing Shareholder of LBMC". Greater Nashville Tech Council. 2023-09-19. Retrieved 2025-11-24.
  8. ↑ "Nashville Area Chamber of Commerce Announces New Board Members". Nashville Area Chamber of Commerce. Retrieved 2025-11-24.
  9. ↑ Cohn, Michael (2023-10-20). "LBMC merges in Strothman & Co". Accounting Today. Retrieved 2025-11-24.
  10. ↑ "LBMC adds Strothman & Co to its lineup, expanding its footprint across several states". Williamson Herald. 2023-11-03. Retrieved 2025-11-24.
  11. ↑ "Spotlighting the Nation's Top 500 CPA Firms". Inside Public Accounting. September 11, 2025. Retrieved September 11, 2025.
  12. ↑ "Best of the Best | Top Public Accounting Firms Ranked". Inside Public Accounting. 2025-11-21. Retrieved 2025-11-24.
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