Malloy, Montague, Karnowski, Radosevich & Co., P.A. (MMKR)

What Malloy, Montague, Karnowski, Radosevich & Co., P.A. (MMKR) does

MMKR was a full-service public accounting firm headquartered in Minneapolis, Minnesota, founded in 1994, providing audit, accounting, tax consulting, and business advisory services to clients primarily in the Minneapolis/St. Paul metropolitan area. The firm served four core client segments: closely held businesses across construction, hospitality, manufacturing and distribution, real estate, retail, and professional services; governmental entities including cities, school districts, charter schools, and fire relief organizations; high-net-worth individuals; and non-profit organizations. Engagements were delivered through specialized teams under a horizontal segmentation approach with no platform-based or productized offering.

The firm operated as a traditional professional services practice with no disclosed technology stack, automation tooling, or proprietary IP — revenue was generated through direct professional engagements under a quote-based, negotiated pricing model typical of regional CPA firms. The firm had no public funding, was privately held, and was domiciled in Minnesota as a professional corporation.

Effective January 1, 2025, MMKR merged with LB Carlson and ceased to operate as an independent entity, with the combined firm now operating under the LB Carlson name with offices in Plymouth and St. Cloud, MN. Jim Eichten, MMKR's Managing Partner, joined the combined firm's leadership team. The merger broadened the practice's vertical coverage to include MedTech and Graphic Arts, and added a second office location outside the Minneapolis metro.

Name

Malloy, Montague, Karnowski, Radosevich & Co., P.A. (MMKR)

Legal name

Malloy, Montague, Karnowski, Radosevich & Co., P.A.

Website

https://mmkr.com

Company type

Private

Founded year

1994

Operating status

Acquired

Headcount range

501–1,000 employees

Short description

MMKR was a Minneapolis-based full-service CPA firm providing audit, accounting, tax, and advisory services to closely held businesses, governmental entities, individuals, and non-profits in the Minneapolis/St. Paul metropolitan area. Merged into LB Carlson effective January 1, 2025.

Ownership category

akta.pro rank

Headquarters

HQ city

Las Condes

HQ country

Chile

HQ region

Latin America

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Distribution channels1 record

Marketing channels1 record

Core offering

MMKR is a full-service public accounting firm delivering audit, tax, accounting, and business advisory services to closely held businesses, governmental entities, individuals, and non-profit organizations. The firm provides forward-thinking business strategies and traditional accounting, audit, and tax consulting services with customized solutions tailored to each client's industry and goals.

Product overview

MMKR operates as a single, unified professional services firm offering a comprehensive suite of accounting, audit, tax, and advisory services. The firm does not employ a platform-plus-modules architecture; rather, it delivers integrated professional services including traditional accounting and audit functions combined with forward-thinking business strategies and consulting expertise. The core offering spans multiple service categories delivered through specialized teams serving distinct client segments.

Differentiator

Problem solved

Functional benefit

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• LB CarlsoncoreStrategic or Co-development Partner · 1 January 2025Strategic merger effective January 1, 2025. MMKR has merged with LB Carlson to operate under the combined firm name LB Carlson. This partnership combines MMKR's expertise in construction, hospitality, manufacturing, real estate, and governmental services with LB Carlson's existing practice areas. The merger enhances capabilities and expands the talent pool for serving collective clientele with offices in Plymouth and St. Cloud, MN.

Scale indicators1 record

Recent moves3 records

Expansion highlights3 records

Direct peers

• LB Carlson: LB Carlson is the parent firm that absorbed MMKR effective January 1, 2025, offering audit, accounting, tax, and advisory services to Midwest businesses with offices in Plymouth and St. Cloud, MN. Directly comparable in service mix, geography, and target client base.
• Wipfli LLP: Wipfli is a top-20 US accounting and advisory firm with strong Midwest roots (headquartered in Wisconsin) serving closely held businesses with audit, tax, and consulting services. Directly comparable to MMKR in target market, service mix, and regional concentration.
• Eide Bailly LLP: Eide Bailly is a major regional CPA and business advisory firm headquartered in the upper Midwest, serving closely held businesses, government entities, non-profits, and individuals with audit, tax, and consulting services. Highly comparable to MMKR in geographic and segment overlap.
• Plante Moran: Plante Moran is a large Midwest-based CPA and business advisory firm serving manufacturing, real estate, construction, government, and closely held businesses with audit, tax, and consulting services. Directly comparable to MMKR's industry specializations and target segments.
• Anders CPAs + Advisors: Anders is a Midwest-based CPA and advisory firm serving closely held businesses, individuals, and non-profits with audit, tax, and consulting services. Directly comparable regional peer with similar client segments and service offerings.

Broad incumbents

• Baker Tilly US: Baker Tilly is a top-10 US accounting and advisory firm with significant Midwest operations, providing audit, tax, and consulting services to businesses, government, non-profits, and individuals. Comparable in service breadth and target segments but operates at broader national scale.
• CliftonLarsonAllen (CLA): CLA is a top-10 US accounting and professional services firm with strong Midwest presence, serving closely held businesses, government entities, non-profits, and individuals. Comparable in segments served and advisory focus, but at meaningfully larger scale.
• RSM US LLP: RSM US is a large national middle-market audit, tax, and consulting firm serving closely held businesses across industries. Comparable in mid-market positioning and service mix though operating at significantly larger national scale.
• BDO USA: BDO USA is a top-10 national accounting and advisory firm with Midwest offices serving middle-market businesses, non-profits, and individuals with audit, tax, and consulting. Comparable service portfolio at broader scale.

Regional players

• Honkamp CPAs & Advisors: Honkamp is a regional CPA and business advisory firm based in the upper Midwest serving closely held businesses, government entities, and individuals. Comparable in size and segment focus, with primary geographic concentration in Iowa and the broader Midwest.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/MMKRCPAs
• LinkedInlinkedin.com/company/lb-carlson-llp
• Xx.com/MMKRCPAs

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Malloy, Montague, Karnowski, Radosevich & Co., P.A. (MMKR)