Brentwood, Tenn.-based IPA 100 firm LBMC (FY23 net revenue $207.2 million) announces Memphis, Tenn.-based firm Frazee Ivy Davis has agreed to join the firm effective Dec. 2.
This strategic transaction not only expands LBMC’s geographic footprint across Tennessee, but also amplifies the firm’s capacity to provide an extensive range of services in the Southeast and augments the organization’s talent pool. Frazee Ivy Davis adds five shareholders for a total of 35 professionals, bringing LBMC to six locations, 900+ team members in 30 states, and more than 11,000 clients across the nation. “We’ve been carefully evaluating the right opportunity in Memphis for years since the region has been an integral part of our client base with more than 160 clients already being served in the city with growing demand,” said Jim Meade, CEO and managing shareholder of LBMC. “With Memphis as the second largest metro center in Tennessee, this expansion cements LBMC’s position as Tennessee’s largest professional services firm and third largest in the Southeast.”
Jim Meade
“Memphis offers a strategic advantage with its robust logistics hub, thriving entrepreneurial ecosystem, and access to top talent from multiple universities in the region. This environment aligns perfectly with LBMC’s vision for innovation, growth and development as the firm of the future,” added Meade.
“We are excited to be joining a nationally renowned team of experts who bring complementary strengths to the table with fully aligned core values and cultures and a common focus on exceptional client experience,” said John Ivy, president of Frazee Ivy Davis. “Our partnership with a leading regional firm enhances our ability to deliver a broader range of expertise and scalable solutions to our clients, positioning them for growth while providing expanded opportunities for our team.”
