Leading Firms Combine to Strengthen Outsourcing Offerings Across the Country
The addition of W Squared brings 60 employees and industry leading back-office solutions to LBMC, the largest Tennessee-based professional business services firm and a top 50 national accounting firm.
NASHVILLE, TENN. – (AUGUST 1, 2017) – LBMC, the largest professional business services company in Tennessee, announces the acquisition of W Squared effective August 1. W Squared is a leading 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.
“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 distinct 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 significant 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 Drummonds.
This is LBMC
LBMC is the largest professional service solutions provider based in Tennessee, serving more than 6,000 clients with diverse needs across a spectrum of industries; however, we didn’t start that way. LBMC was founded in 1984 as a traditional accounting firm with a simple mission: to serve a great group of clients and enjoy doing it. More than 30 years later, loving what we do and who we do it for has taken us a long way. LBMC has been named a top 50 firm in the country. Today, we’ve become industry leaders in financial, human resources, technology, information security, and wealth advisory services backed by more than 500 employees – not because a business plan told us to be, but because we’re entrepreneurs and our clients asked us to be. As illustrated by our “Best Places to Work” recognition, LBMC is committed to attracting and retaining the nation’s best talent, positioning ourselves to best serve clients with the industry’s brightest minds. So, what is LBMC? Whether you need to supplement or outsource a single function, need an ally you can trust for your taxes, or are in the market for a comprehensive business solutions partner, LBMC is what your business needs.
For over twelve years, W Squared has offered an affordable solution for companies desiring a more sophisticated corporate back office support system that will scale alongside the expansion of their operations. Our BPO solutions include finance and accounting, technology managed services, procurement, human resources and payroll delivered as integrated, enterprise-wide services that propel business forward. Through our strategic approach to business process partnering, our goal is to be a cornerstone of each client’s success by providing optimal business solutions that provide scalability, efficiency and value.