Lane Gorman Trubitt, LLC: Company Profile

Background

Overview

Lane Gorman Trubitt, LLC (LGT) is a certified public accounting firm established in 1950, headquartered in Dallas, Texas, with an additional office in Houston. The firm offers a comprehensive suite of services, including accounting, audit, tax, and consulting, catering to a diverse clientele ranging from individuals and privately held companies to not-for-profit organizations and publicly held entities.

Mission and Vision

LGT is dedicated to being a value-driven firm that fosters lasting growth for clients, the community, and the firm itself. The firm's philosophy emphasizes delivering timely and effective services, fostering innovation, and maintaining professionalism with quality, integrity, and reliability. Additionally, LGT is committed to providing its team members with continuous learning experiences to achieve and uphold the highest competence levels.

Industry Significance

With over 70 years of experience, LGT has established itself as a significant player in the accounting industry, particularly within the Dallas/Fort Worth and Houston metro areas. The firm's recognition as one of Construction Executive's Top 50 Construction Accounting Firms underscores its expertise and dedication to serving specialized sectors.

Key Strategic Focus

Core Objectives

LGT aims to provide personalized, high-quality solutions tailored to the unique challenges of each client, ensuring their growth and success. The firm focuses on understanding each client's operations to offer customized services that address specific needs.

Areas of Specialization

The firm specializes in several industries, including:

Auto Dealerships

Construction

Healthcare

Manufacturing and Distribution

Not-for-Profit Organizations

Real Estate

This specialization enables LGT to offer tailored services that meet the unique demands of each sector.

Key Technologies Utilized

While specific technologies are not detailed, LGT's commitment to innovation suggests the adoption of advanced accounting and auditing software to enhance service delivery and efficiency.

Primary Markets Targeted

LGT primarily serves the middle market, encompassing a broad spectrum of clients from individuals to public companies across various industries. The firm's strategic focus includes sectors such as construction, healthcare, manufacturing, not-for-profit organizations, and real estate.

Financials and Funding

Funding History

As a privately held firm, LGT's detailed funding history is not publicly disclosed. The firm's growth and expansion are supported through internal revenue generation and strategic investments in service diversification.

Recent Financial Performance

In 2024, LGT reported a peak revenue of $25 million, reflecting its strong position in the market.

Pipeline Development

Service Expansion

LGT has expanded its service offerings by establishing affiliated companies:

LGT Financial Advisors, LLC: Provides financial advisory services.

LGT Insurance Services, Inc.: Offers insurance solutions.

These expansions aim to provide comprehensive support to clients, addressing a broader range of financial needs.

Technological Platform and Innovation

Proprietary Technologies

While specific proprietary technologies are not detailed, LGT's commitment to innovation suggests the use of advanced accounting and auditing software to enhance service delivery and efficiency.

Significant Scientific Methods

LGT employs industry-standard methodologies in accounting, auditing, and tax services, ensuring compliance with regulatory standards and delivering high-quality services to clients.

Leadership Team

Key Executives

Dawn Möeder, CPA: Managing Member

Oversees firm operations and strategic direction.

Lee Ann Collins, CPA: Managing Partner

Leads the firm's initiatives and client relations.

David Hill, CPA: Partner, Tax Services Department

Specializes in financial and tax planning for closely held businesses and high-net-worth individuals.

Kyle Pacheco, CPA, CCIFP: Partner, Assurance Services Department

Focuses on construction and automotive dealerships, managing a team of over 30 individuals.

Ryan Meineke, CPA: Partner, Assurance Services

Works with a broad range of clients, including auto dealerships and manufacturing companies, with extensive experience in employee benefit plans.

Justin Lewis, CPA: Principal, Assurance Services

Oversees audit engagements and serves as a key liaison between staff, firm leadership, and clients.

Leadership Changes

Recent promotions within the firm include:

Ryan Meineke, CPA: Promoted to Partner in Assurance Services.

Justin Lewis, CPA: Promoted to Principal in Assurance Services.

David Hill, CPA: Promoted to Partner in Tax Services.

Kyle Pacheco, CPA, CCIFP: Promoted to Partner in Assurance Services.

These promotions reflect the firm's commitment to recognizing and nurturing leadership talent within its ranks.

Competitor Profile

Market Insights and Dynamics

The accounting industry in the Dallas/Fort Worth and Houston metro areas is competitive, with firms ranging from large national entities to regional specialists. LGT's focus on the middle market and specialized industries positions it uniquely to serve a diverse clientele.

Competitor Analysis

Key competitors in the region include:

EisnerAmper: A large firm with a broad service offering.

UHY Advisors: Provides a range of accounting and consulting services.

Sikich: Offers comprehensive accounting and advisory services.

LGT differentiates itself through its personalized service, deep industry specialization, and commitment to client success.

Strategic Collaborations and Partnerships

LGT has established affiliations with:

LGT Financial Advisors, LLC: Expands the firm's financial advisory capabilities.

LGT Insurance Services, Inc.: Enhances the firm's insurance service offerings.

These partnerships enable LGT to provide a comprehensive suite of services, addressing a wide range of client needs.

Operational Insights

LGT's strategic focus on the middle market and specialized industries allows it to offer tailored services that meet the unique demands of each sector. The firm's commitment to innovation and continuous learning ensures it remains competitive and responsive to client needs.

Strategic Opportunities and Future Directions

LGT is well-positioned to leverage its industry expertise and service diversification to expand its market presence. The firm's focus on personalized service and client success provides a strong foundation for future growth and development.