W Squared Joins LBMC Family

Tuesday, August 1, 2017
The LBMC Nashville office
The LBMC Nashville office

LBMC, the largest professional business services company in Tennessee, announces the acquisition of W Squared effective Tuesday. W Squared is a Tennessee-based outsourcing solutions company that provides finance, accounting, payroll, human resources, technology, and procurement services to a range of businesses.

The partnership will enhance the solutions available to clients of both companies by adding breadth and depth to their already extensive service offerings, said officials.

“LBMC was founded with a simple mission: to serve great clients and enjoy doing it,” said Jeff Drummonds, CEO of LBMC. “We’ve kept that core ideal top of mind over the last three decades as we’ve grown and expanded in scope to meet the needs of our clients. We have worked with W Squared for over a decade through our mutual clients and are excited to be adding them to our team permanently.  They are as engaged and enthusiastic about their clients and the work they do as we are. They are a great cultural fit and share our entrepreneurial approach to finding creative solutions. Their addition will aid our efforts to be a national leader in comprehensive back-office solutions.”  

LBMC opened its doors in 1984 as a traditional accounting firm, but over time has expanded its services in response to the needs of its clients. The firm now provides a broad array of services backed by more than 500 employees. The combined resources will further strengthen LBMC in the outsourcing arena, where the company continues to see growing customer demand. The resources of LBMC combined with those of W Squared will provide fully customizable outsourcing solutions to a broad range of clients across the country.  

“We are pleased to be joining the LBMC family,” added Tammy Wolcott, CEO of W Squared. “This is an exciting time for W Squared and our employees. Our companies share a culture of innovation and creativity, along with a passion for providing excellent customer service. We look forward to enhancing our clients’ experience with additional services, while providing the same quality of care and team-based approach our clients have come to expect.”   

The merger adds approximately 60 employees to LBMC along with a roster of clients. W Squared is a 2012 and 2013 Inc. Magazine 500|5000 Company as well as a 2012 and 2013 Inc. Magazine Hire Power Award Winner. LBMC has been named a “Best Place to Work for Millennials” by LEA Global, a “Best Place to Work for Recent Grads” by Symplicity, and has received other “Best Places to Work” awards. It has twice been named Most Innovative Firm in the U.S. by The Leading Edge Alliance and has been named a Technology Pacesetter by Accounting Today numerous times. The firm is nationally ranked in the top 50 by Accounting Today.

“Whether a business has a very specific outsourcing need or requires a full suite of back-office support, with the addition of the W Squared team, LBMC is more capable of providing our clients everything their business would need,” added Mr. Drummonds.  

For more information on LBMC visit www.lbmc.com or for W Squared visit www.wsquared.com

Senator Bell Receives Tennessee District Attorneys' Guardian Of Public Safety Award

The state’s 31 district attorneys have recognized state Sen. Mike Bell with the Guardian of Public Safety Award.   The Guardian of Public Safety Award is given to a legislator who recognizes the necessity of protecting our citizens and takes action to advance public safety.   “Senator Bell is keenly aware of the public safety issues faced by Tennesseans on a daily ... (click for more)

Rep. Carter Receives Tennessee District Attorneys' Public Safety Advocate Award

The state’s 31 district attorneys have recognized state Rep. Mike Carter with the Public Safety Advocate Award. The Public Safety Advocate Award is given to a legislator who "recognizes the necessity of protecting our citizens and takes action to advance public safety." “Representative Carter is keenly aware of the public safety issues faced by Tennesseans on a daily basis. ... (click for more)

Woman, 20, Killed While Trying To Cross Highway 153 Early Sunday Morning

A woman, 20, was killed early Sunday morning while trying to cross Highway 153. The victim was identified as Ansleigh Kaylyn Harrison. At approximately 1:28 a.m. , Chattanooga Police officers responded to a pedestrian struck at 5256 Highway 153. A Toyota Sequoia driven by 31-year-old Asher Powers was traveling north on Highway 153 in the inside lane. The pedestrian ... (click for more)

2 Shot In Separate Incidents Early Saturday Morning; 1 Victim Is A Juvenile Girl

Two people were shot early Saturday morning in separate incidents. The first incident was at  3:30 a.m. when the Chattanooga Police Department responded to a person shot on the 1000 block of North Willow Street.  Upon arrival, officers made contact with the victim who was suffering from a gunshot wound.    HCEMS transported the victim to a local hospital ... (click for more)

John Porter Franklin, Sr.: A Community Gem

In 2016, It was   my honor to have been chosen to recognize African American History Month at the February HCDE board meeting.   Throughout my life, I’ve been taught and exposed to African American history both nationally and locally. In reflecting on what to share, I thought about all that was going on in our community and more importantly in our educational community ... (click for more)

Roy Exum: Claude And "Mr. John"

There are some who believe this last week has been a devastating one for our community, losing two of our most beloved “builders” within three days of one another. Claude Ramsey, who spent over 40 years in public service and because of the type man he was never lost a political race, died on Monday after a hard fight with illness at the end. On Thursday we lost “Mr. John” Franklin, ... (click for more)