May 16, 2021

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Arkansas Accounting Firms Announce Mergers | Arkansas Business News

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Five Arkansas certified public accounting firms say they merged their companies on Jan. 1 to form Garland & Greenwood CPAs and Advisors PLLC.

In a separate transaction, Landmark, with four offices in Arkansas, merged with an Arizona CPA firm which also took effect on Jan. 1.

The five Arkansas firms that merged to form Garland & Greenwood are 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.

Jake Froemsdorf and Rocky Goodman will serve as the new firm’s managing partners.

The two Little Rock firms have relocated to an office building at 501 N. University Ave., which will also serve as the Garland & Greenwood headquarters.

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. Garland & Greenwood said it is a Top 10 Arkansas-based firm, with approximately 30 employees, including 17 CPAs.

“Our firms are merging to be able to offer our clients a greater variety of services with locations throughout the state”, Goodman said in a news release. “We have several services that overlap, but each of us have various specialties that can benefit one another’s clients. Our philosophy is to utilize a 360-degree approach in evaluating our clients specific needs to engage them with the right experts in our firm. We will also leverage our strength in numbers to scale our business in order to provide better service to our clients.”

Garland & Greenwood will provide a wide range of services to individuals and businesses, including tax preparation and consulting, assurance, CFO/Controller services, payroll and advisory services.

“Garland & Greenwood plans to continue to grow our service offerings and our footprint as opportunities present themselves,” Goodman said.

Another Merger

CPA firm Monheit Frisch of Surprise, Arizona, joined Landmark PLC Certified Public Accountants and Landmark Financial LLC – collectively known as Landmark – on Jan. 1.

Landmark, which has offices in Fort Smith, Little Rock, Rogers and Russellville, said the deal provides broader resources to both firms’ clients and expands their geographical reach.

Founded in 1971, Monheit Frisch began as a sole-proprietorship CPA practice in Sun City, Ariz. It is now a multi-generational family business that offers a comprehensive blend of tax and wealth management services. The firm has two locations in Arizona and a staff of 17.

Landmark has a staff of 115. It offers a full range of accounting, assurance, tax, business advisory and wealth management services to a diverse client base.

“We are honored to join forces with one of Arkansas’ most well-respected firms,” said Monheit Frisch Managing Partner David Monheit. “This combination of talent and knowledge will provide all of our clients with more of what they have come to expect from both firms – ideas, insights and exceptional service. We are excited to merge with Landmark, and we know the combination will benefit both our clients and our people.”

“This merger is an exciting move for both firms,” said Landmark Co-Managing Member Randy Milligan. “Landmark is thrilled to expand our presence into Arizona and add an incredibly talented group of individuals to our team. Both Landmark clients and Monheit Frisch’s clients will benefit from this merger.”