Petty & Landis Merges with Lattimore Black Morgan & Cain

Thursday, October 4, 2007

The accounting and consulting firms of Petty & Landis, PC and Lattimore Black Morgan & Cain, PC have agreed to merge their practices effective Oct. 1.

“The merger of Petty & Landis and LBMC is a strategic move for both firms,” says Buddy Landis, principal of Petty & Landis. “It enables us to expand and enhance the resources of our firm and provide additional services to the clients we currently serve. Both firms experience many benefits as a result of the merger - our clients will benefit with the expansion of services and resources and LBMC, the largest regional firm in Tennessee, will gain a physical presence in the Chattanooga market.”

Steve Lewis, principal at Petty & Landis, added, “The business community will have access to resources and services from an integrated solution provider. This merger will be a strategic win for all of us: our clients, our community and our firms.”

Petty & Landis was formed in 1966 offering traditional audit and tax services. Today, the firm has broadened its offerings to a comprehensive range of management and accounting services. Their business clients range in size from small startup companies to very large national operations.

“We are very excited about Chattanooga,” said David Morgan, Managing Partner of Lattimore Black Morgan & Cain, PC. “The people at Petty & Landis share our vision for growth and outstanding client service. Together, we will be able to offer Chattanooga businesses and individuals a variety of services and resources that will help them reach their goals. The merger will also give us a very strong presence in all major cities in east and middle Tennessee”

LBMC was formed in Nashville in 1984 and has offices in Nashville and Knoxville. The firm is among the Top 100 firms in the U.S. by Inside Public Accounting Report and currently holds the ranking of 45th in the U.S. and 7th largest in the Southeast by Practical Accountant magazine.

In addition to the traditional audit and tax services provided to the middle market companies that it serves, LBMC also provides a wide range of non-traditional services to both middle markets and to over 50 public companies. These services include financial (litigation support, business valuation, merger and acquisition services, Sarbanes-Oxley services, internal audit outsourcing, state and local tax and transfer pricing services), investment advisory services, human resources (staffing, PEO services, payroll outsourcing, HR consulting, benefits administration), technology (business systems, software development, network engineering, IT assurance and security services), healthcare consulting, and planning services.

Overall, LBMC will employ more than 400 people in three offices in Knoxville, Nashville and Chattanooga.


Chattanooga Chamber Calendar Of Events May 21-23

Tennessee's Unemployment Rate In April Remains At Historic Low

Thrive Yoga Raises $4,000 For Charity Through Community Outreach Events


May 21, Public Service Industry Council Meeting 9 to 10:30 a.m. Chattanooga Chamber: 811 Broad St. Public Service is one of four Industry Councils, an initiative of the Chattanooga Chamber, ... (click for more)

For the third consecutive month, Tennessee’s preliminary statewide unemployment rate for April 2019 remains at the all-time low of 3.2 percent, according to data released today by the Tennessee ... (click for more)

Thrive Yoga and Wellness in partnership with The Retreat at Nutrition World raised funds and awareness for McKamey Animal Center with Kitten & Puppy Yoga events earlier this month. Over ... (click for more)


Business

Chattanooga Chamber Calendar Of Events May 21-23

May 21, Public Service Industry Council Meeting 9 to 10:30 a.m. Chattanooga Chamber: 811 Broad St. Public Service is one of four Industry Councils, an initiative of the Chattanooga Chamber, partnering with Hamilton County's Future Ready Institutes. To become involved, email Mattie Moran , mmoran@chattanoogachamber.com , for more information. No cost. May 21, ... (click for more)

Tennessee's Unemployment Rate In April Remains At Historic Low

For the third consecutive month, Tennessee’s preliminary statewide unemployment rate for April 2019 remains at the all-time low of 3.2 percent, according to data released today by the Tennessee Department of Labor and Workforce Development (TDLWD). Tennessee first set its all-time low unemployment rate in February and it has remained at a seasonally adjusted 3.2 percent each ... (click for more)

Breaking News

4 People Shot At 2 Hixson Locations; 2 Killed On Ardis Lane; 2 Men Shot At Northgate Crossing Apartments In Hixson

Four men were shot in two overnight shootings in Hixson. Two people were shot and killed on Ardis Lane. At approximately 10:07 p.m., Chattanooga Police responded to the 6700 block of Ardis Lane on a report of persons shot. Upon arrival, police located two men suffering from gunshot wounds. Hamilton County EMS responded and pronounced Kirtus Thompson, 27, deceased on ... (click for more)

Greg Vital Says Ancient Stone Cairns, Part Trail Of Tears Route Found On His Meigs Farm; Asks TVA To Reroute Project Viper Transmission Line

Lawyers for Georgetown property owner Greg Vital notified the Tennessee Valley Authority on Thursday that a second archaeological study of the site found 15 different Native American artifacts, not one, as TVA said in its official report in April. “There are 14 more historically significant cairns in a distinguishable pattern within a hundred yards of what TVA said was the only ... (click for more)

Opinion

Chattanooga's Shooting Epidemic

These shootings continue and something has to be done to try and stop them whether they are domestic, robbery or gang related. We obviously can not remove these handguns from every man, woman and child. I suggest that merchants that sell handguns raise the minimum age to 21 years for the purchase of handgun ammunition only. This 21 age requirement would not include ammunition ... (click for more)

Roy Exum: Mr. Casada Is Through

Sometime this afternoon, the Republican members of the Tennessee Legislature will join a growing chorus of those convinced it is time for Glen Casada, the group’s Speaker of the House, to step down. They will cite several tawdry emails between Casada’s former Chief of Staff and himself as the reason but that’s not entirely true. Casada will step down in great shame because he has ... (click for more)