KM&L, LLC Company Profile

Background

KM&L, LLC is a certified public accounting firm established in 1971, renowned for its commitment to service, integrity, flexibility, and reliability. The firm operates with a philosophy centered on providing the finest auditing, accounting, tax, and management advisory services. It aims to be associated with today's fastest-growing companies, assisting each client in reaching their maximum potential. Additionally, KM&L strives to be an enjoyable and rewarding workplace, contributing to the community and the profession, while maintaining a local identity and personal relationships with clients.

Key Strategic Focus

KM&L's strategic focus encompasses several core objectives:

Core Objectives: To provide comprehensive auditing, accounting, tax, and management advisory services tailored to meet the diverse needs of businesses.

Areas of Specialization: The firm specializes in tax preparation, auditing, accounting, bookkeeping, and payroll services.

Key Technologies Utilized: While specific technologies are not detailed, KM&L emphasizes innovative thinking and technical expertise to meet the needs of a rapidly changing world.

Primary Markets Targeted: KM&L serves a wide range of clients, including individuals, small businesses, and larger corporations, focusing on building long-lasting business relationships.

Financials and Funding

KM&L, LLC is a privately held company with an estimated annual revenue ranging between $5 million and $25 million. The firm has expanded its operations through strategic acquisitions, including:

2013: Acquired a longstanding firm in El Campo, Texas, marking its entry into Wharton County.

2019: Expanded further by offering services in Matagorda County through the acquisition of a firm in Bay City, Texas.

Pipeline Development

As a service-oriented firm, KM&L does not have a product pipeline or clinical trials. Instead, its focus is on expanding its service offerings and geographic reach to better serve its clients.

Technological Platform and Innovation

While specific proprietary technologies are not detailed, KM&L emphasizes innovative thinking and technical expertise to meet the needs of a rapidly changing world.

Leadership Team

KM&L's leadership team comprises experienced professionals dedicated to the firm's mission and values. Notable members include:

Katie Cadenhead, CPA: Partner

Kevin Cadenhead, CPA: Partner

Varenia O'Quinn, CPA: Partner

Wade Whitlow, CPA: Partner

Mike Griffith, CPA: Senior Manager

Alex Coleman, CPA: Manager

Jenna Coulter: Manager

Carlie Garza, CPA: Senior Accountant

Jennifer Gollinger, CPA: Senior Accountant

Gabriel Sepulveda, CPA: Senior Accountant

Alice Sokoloski, CPA: Senior Accountant

Steven Sumners, CPA: Senior Accountant

Nathan Kunkel, CPA: Senior Accountant

Carla Garza: Senior Accountant

Thomas Janak: Staff Accountant

Lacey Mayo: Staff Accountant

Morgan Parrish: Staff Accountant

Judi Pitts: Staff Accountant

Loran Quinn: Staff Accountant

Sharilyn Ross: Paraprofessional

Shara Rumery: Paraprofessional

Lois Andel: Paraprofessional

Kristy Averitt: Office Professional

Ashley Barton: Office Manager

Tiffany Blume: Paraprofessional

Sarah Cassatt: Paraprofessional

Vickie Fuqua: Office Professional

Kim Garsee: Paraprofessional

Elaine McGehee: Office Professional

Jackson Merck: Staff Accountant

Edith Niemeier: Office Manager

Brookes Sorrell: Paraprofessional

Laura Sparks: Paraprofessional

Lorraine Tyler: Paraprofessional

Wendy Whitfield: Paraprofessional

Kathy Wishert: Office Manager

Market Insights and Dynamics

The accounting services industry is characterized by a diverse range of firms, from small local practices to large multinational corporations. KM&L, LLC operates in a competitive market, focusing on providing personalized services to its clients.

Competitor Analysis

KM&L's competitors include other certified public accounting firms operating in the Texas region. These firms offer similar services, such as tax preparation, auditing, accounting, bookkeeping, and payroll services. The competitive landscape is influenced by factors such as service quality, client relationships, and the ability to adapt to changing market demands.

Strategic Collaborations and Partnerships

KM&L has expanded its service offerings and geographic reach through strategic acquisitions, including:

2013: Acquired a longstanding firm in El Campo, Texas, marking its entry into Wharton County.

2019: Expanded further by offering services in Matagorda County through the acquisition of a firm in Bay City, Texas.

Operational Insights

KM&L's operational strategy focuses on maintaining a local identity and personal relationships with clients, which serves as a distinct competitive advantage in the market. The firm's commitment to superior customer service and technical expertise enables it to effectively compete with larger firms while offering personalized attention.

Strategic Opportunities and Future Directions

Looking ahead, KM&L aims to continue its growth trajectory by expanding its service offerings and geographic presence. The firm's strengths in client relationships and technical expertise position it well to capitalize on opportunities in the evolving accounting services market.