Melton & Melton, L.L.P. Company Profile

Background

Overview

Melton & Melton, L.L.P. is an independent, Houston-based public accounting firm established in 1963. Over the decades, the firm has grown to employ over 125 professionals and 20 partners, delivering a range of services including audit, tax, and client accounting. The firm's mission is to provide superior personal service based on industry knowledge, valuable insight, technical skills, responsiveness, and significant partner involvement. Their vision focuses on building long-standing relationships with clients, serving as trusted business partners.

Industry Significance

As one of Houston's largest independent accounting firms, Melton & Melton has been recognized for its substantial contributions to the accounting industry. The firm has been consistently featured in the Houston Business Journal's lists of largest accounting firms, reflecting its significant presence and influence in the region.

Key Strategic Focus

Core Objectives

Melton & Melton aims to deliver exceptional accounting services tailored to the unique needs of each client, fostering long-term relationships built on trust and mutual success.

Areas of Specialization

The firm specializes in various sectors, including:

Construction

Manufacturing

Distribution

Energy Exploration and Production

Oil & Gas Services

Healthcare

Non-Profit Organizations

Government Entities

Benefit Plans

Key Technologies Utilized

Melton & Melton employs a range of technologies to enhance service delivery, including:

Microsoft 365 for communication and collaboration

Google Analytics for data analysis

ActiveCampaign for marketing automation

Primary Markets Targeted

The firm primarily serves clients in the Houston metropolitan area, with a focus on industries such as construction, manufacturing, distribution, energy, healthcare, and non-profit sectors.

Financials and Funding

Funding History

As a privately held firm, Melton & Melton has not publicly disclosed detailed funding histories or recent funding rounds. The firm's financial growth is attributed to organic expansion and the development of strong client relationships.

Financial Performance

The firm has demonstrated consistent growth, with annual revenues estimated between $100 million and $250 million.

Pipeline Development

As an accounting firm, Melton & Melton does not have a product pipeline or clinical trials. Instead, the firm's development focuses on expanding service offerings, enhancing technological capabilities, and entering new market segments.

Technological Platform and Innovation

Proprietary Technologies

While specific proprietary technologies are not publicly disclosed, Melton & Melton utilizes industry-standard software and platforms to deliver services efficiently.

Significant Scientific Methods

The firm employs data analytics and financial modeling techniques to provide insights and strategic advice to clients.

Leadership Team

Key Executives

H. Palmer Melton: Co-Managing Partner

Oversees firm operations and strategic direction. Instrumental in the firm's growth and recognition in the industry.

W. Clint Bennett: Co-Managing Partner

Leads client service initiatives and business development. Contributed to the firm's 60th anniversary celebrations and employee enrichment programs.

Marshall Shepherd: Construction Industry Leader and Audit Partner

Heads the construction industry practice. Recognized for expertise in construction accounting, with the firm ranked 43rd among the top 50 construction accounting firms.

Leadership Changes

In February 2025, Melton & Melton promoted Mary Gauss to Partner in the firm's Tax Department, reflecting the firm's commitment to leadership development and recognizing individual contributions.

Competitor Profile

Market Insights and Dynamics

The accounting industry in Houston is competitive, with numerous firms offering a range of services. Melton & Melton's recognition as one of the largest independent firms underscores its strong market position. The firm's focus on specialized industries, such as construction, provides a competitive edge in these sectors.

Competitor Analysis

Key competitors in the Houston area include:

Calvetti Ferguson: Ranked 15th among Houston accounting firms, offering a broad range of services.

MaloneBailey: Ranked 16th, known for its audit and assurance services.

PKF Texas: Ranked 17th, providing services to various industries.

Strategic Collaborations and Partnerships

Melton & Melton is a member of MSI Global Alliance, a leading alliance of independent legal and accounting firms. This membership enhances the firm's global reach and access to a network of professionals, strengthening its service offerings.

Operational Insights

The firm's strategic focus on specialized industries, such as construction, allows it to leverage deep industry knowledge and provide tailored services, differentiating it from competitors. Melton & Melton's consistent recognition in industry rankings reflects its strong operational performance and market position.

Strategic Opportunities and Future Directions

Strategic Roadmap

Melton & Melton plans to continue expanding its service offerings, particularly in specialized industries, and enhance its technological capabilities to improve service delivery. The firm is committed to leadership development and employee enrichment, fostering a culture of growth and excellence.

Future Business Directions

The firm aims to strengthen its position in the Houston market and explore opportunities for expansion into new regions and industries, leveraging its expertise and established reputation.

Opportunities for Expansion

By capitalizing on its membership in MSI Global Alliance, Melton & Melton can explore international markets, offering services to a broader client base and enhancing its global presence.

Positioning for Future Objectives

The firm's focus on specialized industries, commitment to technological innovation, and dedication to client service position it well to achieve future growth and objectives.