5 Arkansas CPA firms merge to form new company

Five Arkansas certified public accounting (CPA) firms announced Tuesday (Jan. 5) they are merging their companies.

The firms are: FDV|CPA and Consulting Services PLLC (Bentonville), Gasaway & Company CPAs (Little Rock), Mcllroy Keen Goodman LLP (Little Rock), Prince & Tuohey CPA (Hot Springs) and Robert G. Schichtl II CPA (Conway).

The new company is called Garland & Greenwood CPAs and Advisors PLLC. Jake Froemsdorf and Rocky Goodman are the firm’s managing partners.

The company name was derived from the locations where the group had their initial meetings to discuss the merger: Garland County in Arkansas and Greenwood, Miss. The merger became official on Jan. 1, 2021.

“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 statement.  “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, according to a news release, have approximately 30 employees and 17 CPAs.

Garland & Greenwood will provide a wide range of financial and accounting 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.

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