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Thomas & Thomas, Beall Barclay & Co. to Merge

2 min read

Thomas & Thomas LLP of Little Rock and Beall Barclay & Co. PLC of Fort Smith said Tuesday that they will merge practices.

In a news release, the companies said the combination “provides broader resources” to clients and expands their reach. A spokeswoman said the combined company will operate under a new name to be determined in the next few months. She said the firms’ executives are working on setting an effective date for the deal.

“We are honored to join forces with one of Arkansas’ most well-respected firms,” Thomas & Thomas Managing Partner Randy Milligan said. “This combination of talent and expertise will provide all of our clients with more of what they have come to expect from both firms — ideas, insights and exceptional service.”

The move puts together two of the state’s biggest locally owned firms. Beall Barclay ranked No. 4 on Arkansas Business’ most recent list of the state’s largest accounting firms; Thomas & Thomas ranked No. 7.

The companies said the combined firm will have 58 CPAs, 37 professionals and a member group of 16. The firm will provide a range of assurance, advisory, accounting and tax services. 

“Both Beall Barclay and Thomas & Thomas have rich histories rooted in Arkansas beginning over 50 years ago,” Beall Barclay Managing Member Barbara Hambrick said. “Our firms share similar cultures focused on our clients and our staff, and we anticipate this merger will strengthen our relationships with both.”

The spokeswoman said Hambrick and Milligan would lead the combined firm as co-managing partners.

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