Landmark CPAs of Fort Smith on Monday announced plans to merge with Garland & Greenwood CPAs of Little Rock effective Jan. 1.
Financial terms of the deal were not disclosed.
Garland & Greenwood partners John Brock, Jake Froemsdorf, Rocky Goodman and Greg Schichtl will join the combined company, will employ more than 200 people across eight locations in Arkansas and Arizona, Landmark said in a news release.
The merger would make Landmark No. 3 on Arkansas Business’ list of the state’s largest accounting firms ranked by the number of CPAs employed.
Landmark said the deal enhances its capabilities, expands its geographical reach and provides new opportunities for staff and clients. The firm plans to add a location in Jonesboro and open a new office in Conway. The additions will enable Landmark to “better serve clients across a broader area, providing more accessible and efficient service,” the release said.
“This merger allows us to build on our shared commitment to delivering exceptional service and innovative solutions to our clients,” Randy Milligan, managing member of Landmark CPAs, said in a statement. “Together, we are stronger, and we look forward to the many opportunities this merger will bring for both our staff and our clients.”
Landmark was created in 2018 with the merger of of two Arkansas firms, Thomas and Thomas, founded in 1953, and Beall Barclay, founded in 1963. In 2021, the family-owned, Arizona-based Monheit Frisch CPAs joined Landmark.
Garland & Greenwood was created in 2021 with the merger of five Arkansas accounting firms: FDV|CPA and Consulting Services PLLC of Bentonville: Gasaway & Company CPAs of Little Rock; Mcllroy.Keen.Goodman LLP of Little Rock; Prince & Tuohey CPA of Hot Springs; and Robert G Schichtl II CPA of Conway.
The name of the new firm was derived from the locations where the group had their initial meetings to discuss the merger: Garland County and Greenwood, Mississippi.
The firm expanded in 2022 with the creation of Garland & Greenwood Wealth Advisors, a registered investment advisor firm dedicated to financial planning and wealth management.
“Joining forces with Landmark CPAs is a tremendous opportunity for our firm,” Goodman, managing partner, of Garland & Greenwood, said in the release. “We have long admired Landmark’s dedication to excellence and client service, and we are thrilled to become part of a team that shares our values. This merger enables us to provide even greater resources and expertise to our clients.”
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