Advisory and Business Consulting
When it comes to helping our clients grow stronger businesses, advice isn’t an extra at LBMC; it’s a fundamental part of our service. Our Advisory and Business Consulting team collaborates with privately-held, middle-market companies and private equity groups to tackle complexity, drive growth, and empower confident decision-making.
If you’re looking to transform, manage change, or tackle today’s biggest challenges, LBMC brings a practical approach that combines strategic insight with operational expertise. For middle-market companies, that can mean responding to changing costs, demand, capital conditions, and other external pressures while keeping long-term priorities on track. Our guidance on adapting to economic shifts explores how business leaders can evaluate changing conditions and respond with greater clarity.
We’re not just advisors; we’re your trusted partner in creating what comes next.
How We Help
LBMC’s Advisory and Business Consulting teams help privately held, middle-market companies and private equity groups solve complex financial, operational, and strategic challenges. Whether responding to changing market conditions or preparing for the next stage of growth, we combine specialized expertise with practical execution support.
We help organizations:
- Improve performance and decision-making through AI, analytics, financial visibility, and operational insight.
- Build scalable finance functions with outsourced accounting, reporting, financial systems, and strategic finance support.
- Understand and maximize business value through valuation, transaction, and strategic advisory services.
- Navigate acquisitions, sales, and other transactions with financial due diligence and transaction support.
- Address disputes, investigations, and financial damages with forensic accounting and litigation support.
- Strengthen healthcare performance through specialized financial, reimbursement, valuation, and operational consulting.
Questions About Our Services?
Whether you’re navigating change, planning for growth, or addressing operational challenges, our team helps you determine the right strategy for your business.
LBMC’s Advisory and Business Consulting Services
LBMC’s advisory and business consulting services include a wide range of specialist areas. We design each service to meet essential business needs, covering everything from strategy and operations to transactions and risk. Discover how our skilled teams assist clients in gaining clarity, simplifying processes, and achieving impactful results.
AI and Business Intelligence
Our AI and Business Intelligence team takes complex data and turns it into clear, actionable insights. We assist organizations in making better decisions by using advanced analytics, automation, and strong data governance frameworks. With extensive consulting experience across industries, we deliver strategic solutions that promote innovation, performance, and measurable business value.
Related services:
Business Valuation
LBMC delivers precise and reliable business valuations that help you make informed decisions for various needs, whether it’s for financial reporting, mergers and acquisitions, estate planning, or compensation analysis. Our skilled team provides you with timely and trustworthy insights for:
- Valuations for mergers, acquisitions, and financial reporting, like ASC 805 and ASC 350.
- Planning for ESOP and stock-based compensation
- Valuations for estate and gift taxes
- Assessing fair market value in healthcare
- Support for litigation and strategic advice
Client Advisory and Accounting Services (CAAS)
Our CAAS team helps growing businesses by taking care of important back-office tasks, allowing leaders to concentrate on driving growth. We provide flexible and budget-friendly accounting and payroll solutions, plus expert consulting for financial systems. Discover how Commercial Painting, Inc. built a 40-year relationship with LBMC, supported by financial, tax, and advisory services designed to evolve with the business. Clients receive:
- Accurate, real-time financial reporting
- Streamlined accounting and payroll processes
- Strategic advisory to improve financial visibility and decision-making
Related services:
Healthcare Consulting
Our healthcare consulting experts get the operational and financial pressures that providers are dealing with today. We work alongside healthcare organizations to boost stability, simplify processes, and prepare for sustainable growth. We offer a range of services such as, revenue cycle optimization, strategic and financial advisory, and operational assessments and planning.
Litigation Support & Forensic Services
LBMC’s litigation support and forensic accounting team provides clear, trustworthy analysis when the stakes are high. We assist legal teams and business leaders in understanding financial issues, measuring damages, and facilitating dispute resolution. Here’s what we offer:
- Forensic accounting and fraud investigations
- Expert witness and litigation consulting
- Business interruption claims
- Economic damage and lost profit analyses
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Transaction Advisory Services
Our Transaction Advisory Services (TAS) team helps clients navigate the complexities of mergers and acquisitions using a thorough, collaborative approach. We help both buyers and sellers, whether they’re corporate or private equity, by offering:
- Financial and tax due diligence
- IT, HR, and benefit plan assessments
- Post-transaction integration planning
- Strategic insights for long-term value creation
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Solutions Built Around Your Goals
Whether you’re managing complexity, preparing for growth, or exploring new opportunities, LBMC delivers practical guidance and strategic support to help you move forward with confidence.
Industries We Serve
Our Advisory and Business Consulting team partners with organizations across industries to deliver tailored solutions that address specific challenges and strategic goals. Whether you’re navigating a complex transaction, improving operational efficiency, or planning for long-term growth, we provide the insight and flexibility to support your next move — with industry-specific experience and a practical, results-driven approach.
Industries We Serve
Local Expertise, Wherever You Are
With offices in Chattanooga, Memphis, Louisville, Nashville, Knoxville, Charlotte, and Philadelphia, plus remote offices, LBMC partners with businesses across the region and beyond.
Why Choose LBMC as Your Advisory and Business Consulting Firm?
Choosing the right partner matters — especially when the stakes are high. LBMC combines deep functional expertise with a practical, relationship-driven approach that helps clients solve problems and seize opportunities with confidence.
Here’s what sets us apart:
- Multidisciplinary Expertise
Our teams bring together professionals across strategy, finance, operations, technology, and risk — ensuring integrated solutions that align with your full business picture. - Regional Roots, National Reach
With offices across the Southeast and clients nationwide, we offer the responsiveness of a local firm with the resources and insights of a national consulting partner. - Long-Term Client Partnerships
We build relationships that last. Many of our clients have been with us for decades, trusting us through growth phases, ownership changes, and evolving market demands. - Proven Results Across Industries
From healthcare and manufacturing to private equity and technology, we’ve helped clients improve financial visibility, operational performance, valuation readiness, transaction preparedness, and more. - Recognized for Excellence
LBMC is consistently ranked among the top 35 firms in the U.S. and named a Most Recommended Firm by USA TODAY and Statista — a testament to the trust we’ve earned from clients and peers alike.
Let us show you how practical, people-first consulting can drive lasting results for your business.
Having an expert discuss the value of your business with you is invaluable. That expert can spot areas you’ve neglected and help you squeeze the most value out of what you’ve built. Most business owners aren’t aware there are economical solutions to have their business valued. Knowing they’re making the right decisions now for the future gives business owners a strong peace of mind.
Rory Satkoski, Shareholder
FAQs for Advisory and Business Consulting Services
How can AI and business intelligence help middle-market companies improve decision-making?
AI and business intelligence can help organizations turn disconnected data into clearer, faster, and more actionable insights. Depending on the business need, that may include improving reporting and forecasting, automating manual processes, identifying performance trends, or creating better visibility across operations. LBMC helps organizations establish the right foundation through Business Intelligence & Analytics Services, modernize the data that supports those decisions through Data Modernization Services, and evaluate opportunities for AI and generative AI strategy.
When should a company get an independent business valuation?
A business valuation may be needed when preparing for a transaction, evaluating ownership or equity decisions, meeting financial reporting requirements, planning for estate or gift taxes, resolving a dispute, or simply gaining a clearer understanding of what a business is worth. The appropriate valuation approach depends on the purpose of the analysis and the circumstances surrounding it. LBMC’s Business Valuation Services provide independent analysis to help business owners, management teams, investors, and other stakeholders make informed decisions with greater confidence.
When should a growing company consider outsourced accounting or CAAS?
Growing companies often consider outsourced accounting when financial complexity begins to outpace the capabilities or capacity of the internal team. Common signs include delayed reporting, inconsistent financial processes, limited visibility into performance, difficulty scaling accounting systems, or leadership spending too much time managing back-office functions. LBMC’s Client Advisory and Accounting Services (CAAS) can provide scalable accounting and financial support, while specialized solutions such as Family Office Services can help address more complex financial and administrative needs.
What types of financial and operational challenges can healthcare consulting address?
Healthcare organizations often need specialized support when reimbursement pressure, regulatory requirements, operational inefficiencies, technology changes, or growth create challenges that require industry-specific expertise. Depending on the issue, healthcare consulting may include improving Revenue Cycle Management, addressing payer and reimbursement issues through Reimbursement Consulting, strengthening Coding & Compliance, or improving physician practice operations. LBMC works with healthcare leaders to identify the underlying issue and develop practical strategies that improve financial and operational performance.
When should a business engage a forensic accountant or litigation support specialist?
Businesses, attorneys, and other stakeholders may need forensic accounting or litigation support when a dispute involves complex financial information, suspected fraud, economic damages, lost profits, business interruption, or questions about the value of a business or financial interest. A forensic accountant can analyze financial records, identify relevant facts, quantify damages, and provide independent analysis that helps clarify complex issues. LBMC’s Litigation Support & Forensic Services support businesses and legal teams in high-stakes financial matters, including specialized Family Law Support Services.
What should buyers and sellers expect from transaction advisory services?
Transaction advisory services help buyers and sellers understand the financial, tax, operational, and other risks that can affect a deal before the transaction closes. Depending on the transaction, that may include financial and tax due diligence, quality of earnings analysis, working capital considerations, IT and HR assessments, and planning for post-close integration. LBMC’s Transaction Advisory Services help corporate and private equity clients identify potential issues, understand key value drivers, and make more informed decisions throughout the transaction process.
Advisory Insights and Resources
LBMC Advisory Leadership Committee
LBMC Advisory
Knoxville Market Leader, Shareholder, Valuation and Litigation Support Services
Shareholder, Practice Leader Valuation and Litigation Support Services
Senior Manager, Wealth Advisory Services and Family Office Practice
Contact Us
Headquarters (Nashville, TN):
201 Franklin Road
Brentwood, TN 37027
615-377-4600
Office Hours: 8am-5pm, Monday-Friday
Mailing Address:
P.O. Box 1869
Brentwood, TN 37024-1869
Chattanooga, TN:
605 Chestnut Street, Suite 1100
Chattanooga, TN 37450
423-468-5042
Knoxville, TN:
2095 Lakeside Centre Way
Knoxville, TN 37922
865-691-9000
Memphis, TN:
5100 Poplar Avenue, Suite 1400
Memphis, TN 38137-1499
901-685-1040
Louisville, KY:
325 West Main Street, Suite 1600
Louisville, KY 40202
502-585-1600
Charlotte, NC:
3700 Arco Corporate Drive, Suite 175
Charlotte, NC 28273
704-846-6750
We’re happy to answer any questions you may have on what our team can do for you. Please send us a note using the form and one of our professionals will get back to you promptly.