Top 35 accounting firm LBMC has expanded into Pennsylvania following the addition of Torrillo & Associates, a Glen Mills, PA-based CPA firm that specializes in employee benefit plan audits, including 401(k), 403(b), and pension plans, effective Jan. 1.
Financial terms of the deal weren’t disclosed.
Brentwood, TN-based LBMC said in a Jan. 19 media release the expansion “advances [its] national growth strategy by adding specialized expertise and market presence in a key region while strengthening the firm’s ability to support middle-market organizations with increasing regulatory and operational complexity.”
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“LBMC’s growth has always been built on relationships,” Jim Meade, CEO and managing shareholder of LBMC, said in a statement. “As our clients’ businesses become more complex, our firm continues to evolve, adding deeper expertise, broader resources, and expanded geographic reach while maintaining the trusted-advisor relationships that define how we serve.”
Founded in 2004, Torrillo & Associates is licensed in 10 states, including Pennsylvania, New Jersey, Delaware, New York, and Florida, and is also able to practice in additional states that have passed firm mobility.
The CPA firm provides benefit plan audits, reviews, compilations, and preparation services, according to its website.
“Joining LBMC allows us to expand what we can offer while remaining true to how we serve,” said David Torrillo, managing member of Torrillo & Associates who is now a shareholder and Pennsylvania market leader at LBMC. “We are becoming part of a firm that is investing in national scale and specialized expertise while preserving the culture and client focus that have always defined our practice.”
Founded in 1984, LBMC has grown to approximately 70 shareholders and more than 1,000 professionals serving over 11,000 clients across healthcare, manufacturing and distribution, real estate, technology, and high-net-worth advisory.
LBMC’s last M&A deal was in December 2024 when it added Frazee Ivy Davis, an accounting firm based in Memphis, TN.
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