Firm Management
Tennessee Accounting Firms Whitlock and IOB Merge
Both firms, which work on behalf of individuals and businesses in Blount, Knox and Sevier counties, began their professional practices under their respective names in 1996. For each firm, growth over the years has been predominantly internal, stemming ...
Jul. 31, 2019
Alcoa, Tenn. based accounting firms Whitlock & Company and Ingram, Overholt & Bean have merged. The newly formed alliance will operate under the Whitlock & Company banner and will house a staff of over 33 accounting professionals, making it one of the largest independent firms in East Tennessee.
“We are extremely excited to be combining our practice with Ingram, Overholt & Bean, because we believe that a larger organization will allow us to provide more depth and a wider array of services to our clients,” stated Michael L. Whitlock, Founding Partner at Whitlock & Company. “We have worked with Ingram, Overholt & Bean on behalf of several clients over the years, so our firms are already a natural fit. In addition, by developing a larger organization, our associates will benefit from more career opportunities.”
Both firms, which work on behalf of individuals and businesses in Blount, Knox and Sevier counties, began their professional practices under their respective names in 1996. For each firm, growth over the years has been predominantly internal, stemming from the referrals of clients and other professionals. The growth and development of their professional staff has evolved in a similar manner. As a result, each practice has experienced sustainable growth over the years, thanks in large part to the region’s balanced and growing economy.
“We couldn’t be happier to be officially teaming up with Whitlock & Company,” said Lonas D. Overholt, Managing Partner at Ingram, Overholt and Bean. “Whitlock & Company shares the same values that we do. In addition, many of us at each firm began our careers together, so we are already like family. That is why this announcement has exceeded our hopes for a firm we can combine with and continue the tradition we each have for excellent service, deep expertise and an environment our clients and associates want to be a part of.”
All staff will be retained in their current roles and leadership from both firms will remain with the organization. The only operational changes will be that Ingram, Overholt & Bean will soon be moving to the Whitlock & Company headquarters in Alcoa, located at 375 Fountain View Circle #4. A specific move in date is not yet available, as the office space is currently being expanded and is under renovation. Once renovation work on the expanded space is completed, the firms will be hosting an open house to celebrate the news with the community.
Based in Alcoa, Tennessee, Whitlock & Company, P.C. has provided accounting services to individuals and businesses in the East Tennessee area for 30 years. Whitlock & Company works with individuals, small businesses and large corporations, offering services in tax, bookkeeping, financial statement compilations and reviews, payroll, and various other consulting areas. To learn more, visit www.WhitlockCPA.com
Ingram, Overholt & Bean, also based in Alcoa, traces its beginning back to 1947 Ingram, Overholt & Bean is a recognized leader in accounting and financial statements, tax compliance, and consulting services for businesses, governmental entities, non-profit organizations, and individuals in East Tennessee. To learn more, visit www.iobcpas.com