LBMC

What LBMC does

LBMC is a Top 35 U.S. accounting and business consulting firm founded in 1984 and headquartered in Brentwood, Tennessee. It operates as a privately held, shareholder-led C corporation with FY24 net revenue of $234.6 million, over 1,000 team members, and approximately 11,000 clients served across 47 states plus international markets including Canada, the UK, Europe, and Asia. The firm delivers services through eight office locations (Brentwood/Nashville, Chattanooga, Knoxville, Memphis, Louisville, Charlotte, Philadelphia/Glen Mills, and Chennai, India) and operates wholly owned subsidiaries including LBMC Technology (ERP/CRM/managed IT), LBMC Employment Partners (HR/payroll), LBMC Investment Advisors (SEC-registered fee-only advisory), LBMC Wealth Advisors, and W Squared (marketing services).

The firm is organized around five core practice areas: Tax Services, Audit & Assurance (financial statement audits, employee benefit plan audits, SOC, SOX), Advisory & Business Consulting (including Data and AI Services with proprietary AIFlow platform, Business Valuation, CAAS, Healthcare Consulting, Transaction Advisory, and Litigation Support), Cybersecurity (compliance and assurance, risk advisory, technical security/penetration testing), and Technology Solutions (Microsoft Dynamics 365, Sage Intacct, Salesforce implementations). Complementary practices include Wealth Management (LBMC Investment Advisors, fee-only, $5,000+ minimum engagements), HR Solutions, Staffing/Recruiting, and a Procurement GPO via Premier Inc. Internally, LBMC uses Smartsheet, TeamMate, Caseware, and GA4 AI Traffic Insights with custom dashboards, and runs a dedicated Digital Strategy Team applying AI-first practices.

LBMC generates revenue predominantly through professional services fees — engagement-based pricing for tax, audit, and advisory work, project-based ERP/CRM implementations with ongoing managed services contracts, retainer arrangements for HR outsourcing and cybersecurity, and recurring advisory fees for wealth management. The customer base is concentrated in U.S. middle-market segments: privately held operating companies, private equity groups and portfolio companies, healthcare systems and physician practices, manufacturers and distributors, technology/SaaS firms, real estate/construction, HNW individuals, and government/nonprofits. Distribution is direct and relationship-driven, augmented by BDO Alliance USA referrals and acquisition-led geographic expansion (Strothman & Co. in 2023, Torrillo & Associates in 2026).

Name

LBMC

Legal name

LBMC (LBMC PC and affiliated entities)

Website

https://lbmc.com

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

LBMC is a Top 35 U.S. accounting and business consulting firm delivering tax, audit, advisory, technology, cybersecurity, HR, and wealth management services to middle-market and private-equity-backed companies, primarily across the Southeast and expanding into Pennsylvania and India.

Ownership category

akta.pro rank

Product category

Accounting and Business Consulting Services

NAICS

Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121), Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Finance Services (6199), Investment Advice (6282)

akta.pro primary industry

Financial Planning & Analysis (FP&A) & BI (HDAEAMAG)

akta.pro secondary industries

RCM Outsourcing & Managed Billing Services (HLACACAN), Contract Lifecycle Management (CLM) & Document Automation (BPAEAPAD), Human Capital Management (HCM) & Payroll Platforms (HDAEAEAJ)

Keywords

• Accounting and auditing services
• Tax advisory services
• Business consulting services
• Cybersecurity compliance services
• Wealth management advisory

Headquarters

HQ city

Brentwood

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Accounting & Assurance Services: Core audit, review, and compilation services including SOC reporting and internal controls. Revenue generated through professional service fees based on scope and complexity of engagements.
2. Tax Services: Business tax, individual tax, international tax, state & local tax, R&D credits, and tax planning services. Revenue from compliance and advisory engagements.
3. Advisory & Consulting Services: Transaction advisory, business valuation, AI & data analytics, client advisory and accounting services (CAAS), healthcare consulting, and cybersecurity advisory. Project-based and retainer engagements.
4. Technology Solutions: ERP implementation (Microsoft Dynamics, Sage Intacct), CRM solutions, managed IT services, cloud solutions, and software development. Revenue from implementation projects and ongoing support contracts.
5. HR & Staffing Solutions: HR outsourcing, payroll services, benefits administration, and recruiting/staffing solutions. Revenue from service retainers and per-transaction fees.
6. Wealth Management & Investment Advisory: Fee-only investment advisory, financial planning, estate planning, and family office services for high-net-worth individuals. Revenue through investment advisory fees (typically starting at $5,000 minimum engagement).
7. Cybersecurity Services: Cyber assessments, compliance services (HIPAA, HITRUST, SOC, PCI, NIST, CMMC), technical security services including penetration testing and incident response.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels10 records

Core offering

LBMC is a Top 35 U.S. accounting and business consulting firm that delivers audit and assurance, tax compliance and planning, advisory (including transaction advisory, business valuation, healthcare consulting, data and AI services via the AIFlow platform, and litigation support), cybersecurity compliance and technical security, technology solutions (ERP/CRM implementation for Microsoft Dynamics 365 and Sage Intacct, managed IT), HR and payroll services, staffing and recruiting, procurement/GPO services, and fee-only wealth management to approximately 11,000 middle-market clients across healthcare, manufacturing, real estate, technology, and private equity.

Product overview

LBMC is a Top 35 U.S. accounting and business consulting firm offering a comprehensive suite of professional services organized around five core practice areas: Advisory & Business Consulting (including Data and AI Services with AIFlow, Business Intelligence & Analytics, Data Modernization, and AI & Generative AI Strategy; Business Valuation; Client Advisory and Accounting Services; Healthcare Consulting; Litigation Support & Forensic Accounting; Transaction Advisory), Audit & Assurance, Cybersecurity, Tax Services, and Technology Solutions (ERP implementation for Microsoft Dynamics and Sage Intacct; CRM implementation for Microsoft Dynamics and Salesforce). The firm also offers complementary services including Wealth Management & Investment Advisors, HR Solutions through Employment Partners, Staffing & Recruiting, and Procurement Services. The technology practice operates as LBMC Tech (lbmctech.com) and provides managed IT, software development, and business phone systems. Additional brands include W Squared for marketing services and LBMC Family Office for wealth advisory. Founded in 1984 and headquartered in Brentwood, Tennessee, the firm serves approximately 11,000 clients across multiple industries including healthcare, manufacturing, real estate, technology, and private equity.

Differentiator

Problem solved

Functional benefit

Brands

• W Squared: Specialized service offering under LBMC family of companies
• LBMC Employment Partners
• LBMC Technology
• LBMC Wealth Advisors
• LBMC Investment Advisors, LLC

Products and services

• Audit and Assurance Services Comprehensive audit and assurance offerings including financial statement audits, employee benefit plan audits (401(k), 403(b), pension), internal audits, ISO certification, lease accounting, SOX compliance, and SOC audits. Target buyers are middle-market companies, PE portfolio companies, and employee benefit plan sponsors.
• Tax Services Full-service tax offerings including federal business tax, state and local tax (SALT), research and development credits, individual tax, international tax, and tax planning and compliance. Target buyers are middle-market businesses, HNW individuals, and multi-state operations.
• Advisory and Business Consulting Strategic consulting services including business valuation, client advisory and accounting services (CAAS), litigation support and forensic accounting, transaction advisory, and Data and AI Services (AIFlow platform, BI & Analytics, Data Modernization, AI & Generative AI Strategy). Target buyers are middle-market companies, PE sponsors, and organizations undergoing transactions.
• Healthcare Consulting Services Comprehensive healthcare consulting including coding and compliance, EMR implementation, healthcare valuation (with proprietary Healthcare Compensation Calculator), managed services organization (MSO) services, physician practice management, reimbursement consulting, and revenue cycle management. Target buyers are hospitals, physician practices, MSOs, and healthcare technology companies.
• Cybersecurity Services Full-spectrum cybersecurity including IT security compliance and assurance (ACAB LADMF, Cloud Security, CSA STAR, CMMC, HITRUST, ISO 27001/27701/9001, NIST, PCI DSS, Privacy), security risk management advisory (Cyber Core, HIPAA assessments, vendor risk management), and technical security services (digital forensics, incident response, penetration testing, ransomware assessments). Target buyers are regulated and middle-market organizations across healthcare, financial services, defense suppliers, and SaaS.
• Technology Solutions Technology consulting and managed services including ERP accounting software (Microsoft Dynamics 365 Finance, Business Central, GP, SL; Sage Intacct), CRM solutions (Microsoft Dynamics 365 Marketing/Sales, Salesforce), managed IT services, business phone systems, IT security, and custom software development. Operated through LBMC Technology (lbmctech.com). Target buyers are middle-market organizations needing ERP/CRM implementations and managed IT.
• Wealth Management and Investment Advisors Fee-only investment advisory through LBMC Investment Advisors, LLC (SEC-registered), individual tax planning, daily money management, family office services, estate planning, and wealth management for high-net-worth individuals and families. Minimum engagement of $5,000 with multi-year recurring relationships. Target buyers are HNW individuals, business owners, and executives (often LBMC business clients).
• HR Solutions (LBMC Employment Partners) Human resources outsourcing through LBMC Employment Partners including HR consulting, payroll services, benefits administration, and HR compliance services. Target buyers are small and middle-market employers seeking outsourced HR operations.
• Staffing and Recruiting Contract, interim, and direct-hire staffing solutions for accounting, finance, and business professionals, including employment search for candidates and employer placement services. Target buyers are companies needing accounting/finance talent and job seekers.
• Procurement Services (GPO) Group Purchasing Organization (GPO) services providing access to negotiated pricing and vendor relationships for business clients through Premier Inc. network participation. Target buyers are businesses seeking procurement savings.
• AIFlow AI-powered business intelligence and analytics platform that helps organizations automate workflows, gain insights from data, and implement AI strategies. Part of LBMC's Data and AI Services offerings under advisory.
• W Squared Marketing and branding consultancy under the LBMC family of companies, offering strategic marketing services to help businesses develop their brand presence and marketing strategies.

Quantifiable outcome

• Over $600,000 in Sales and Use tax savings for a Technology/SaaS company through State Audit Review
• +6 more outcomes

Named customers3 records

Segments9 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

AI capability8 records

Feature4 records

Partnerships

Two partnerships are on record, tiered core and minor.

• BDO Alliance USAcoreStrategic or Co-development PartnerLBMC is a member of BDO Alliance USA, providing access to additional resources, expertise sharing, and referral networks within the BDO international network of accounting firms. This alliance supports LBMC's ability to serve multi-national clients and provides additional capabilities and resources.
• Premier Inc. (Group Purchasing Organization)minorChannel Partner/ Reseller/ DistributorLBMC participates in Premier Inc.'s Group Purchasing Organization (GPO), allowing LBMC to offer procurement services and group purchasing benefits to clients through the Premier network.

Scale indicators9 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• RSM US: RSM US is the largest U.S. mid-market accounting and advisory firm and a direct peer to LBMC, serving middle-market and PE-backed companies across audit, tax, and consulting. RSM competes with LBMC for the same middle-market client base and PE portfolio work, but at meaningfully larger scale.
• Plante Moran: Plante Moran is a Top-15 U.S. accounting and business advisory firm serving middle-market and PE-backed companies with audit, tax, consulting, and technology services. Plante Moran is comparable in service breadth and middle-market PE focus, though more geographically concentrated in the Midwest.
• Eide Bailly: Eide Bailly is a Top-25 U.S. accounting and advisory firm with a strong middle-market focus and presence across the central and western U.S. Eide Bailly overlaps with LBMC in PE portfolio services, healthcare consulting, and tax credit practices.
• Cherry Bekaert: Cherry Bekaert is a top-30 U.S. accounting and advisory firm serving middle-market and PE-backed companies across the Southeast and nationally. Cherry Bekaert is comparable to LBMC in size, geography, and service mix, including healthcare, manufacturing, and technology practices.
• Withum: Withum is a Top-25 U.S. accounting and advisory firm with strong practices in technology/SaaS, healthcare, and PE services. Withum competes with LBMC for SaaS and PE-backed middle-market engagements and has overlapping technology and life sciences specialties.
• Wipfli: Wipfli is a Top-20 U.S. accounting and consulting firm focused on middle-market clients with audit, tax, technology, and outsourced accounting services. Wipfli's technology and outsourcing focus overlaps directly with LBMC's Technology Solutions and Client Advisory & Accounting Services practices.
• FORVIS (formerly BKD + Dixon Hughes Goodman): FORVIS is a Top-10 U.S. accounting firm formed from the 2022 BKD and Dixon Hughes Goodman merger, serving middle-market clients across audit, tax, and advisory. FORVIS is comparable to LBMC in size, middle-market focus, and industry verticals, with overlapping healthcare and manufacturing practices.
• BDO USA: BDO USA is a top-five U.S. accounting firm offering audit, tax, advisory, and consulting to middle-market companies. BDO is both a direct competitor for LBMC's middle-market engagements and a partner (BDO Alliance USA), creating a complex dual relationship.
• Crowe LLP: Crowe LLP is a Top-10 U.S. accounting and advisory firm serving middle-market and PE-backed clients with audit, tax, consulting, and technology services. Crowe competes directly with LBMC for middle-market PE deals and has overlapping healthcare and manufacturing industry practices.

Broad incumbents

• Deloitte (US): Deloitte is the largest global professional services firm with full-service audit, tax, consulting, and advisory capabilities across all industries. Deloitte competes with LBMC for larger middle-market and PE-backed engagements and increasingly pushes down-market, creating competitive pressure on LBMC's audit and advisory pricing.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/LBMC_PC
• YouTubeyoutube.com/c/Lbmcpc
• Facebookfacebook.com/LBMCPC
• LinkedInlinkedin.com/company/lbmc
• Instagraminstagram.com/lbmc_pc

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LBMC