Pattillo, Brown & Hill, LLP: Company Profile

Background

Overview

Pattillo, Brown & Hill, LLP (PB&H) is a distinguished certified public accounting and business consulting firm established in 1923. With over 130 professionals, PB&H operates offices in Waco, Temple, Hillsboro, and Houston, Texas, as well as Albuquerque, New Mexico. The firm is recognized as one of the oldest and most respected accounting firms in the Southwest.

Mission and Vision

PB&H is committed to delivering innovative, responsive, and comprehensive financial solutions tailored to each client's unique needs. The firm's mission is to empower clients to thrive and grow by providing exceptional service grounded in technical expertise and genuine concern for their financial futures.

Primary Area of Focus

PB&H specializes in a wide range of services, including tax planning and preparation, accounting and business consulting, corporate audits, financial institution services, and governmental audits. The firm serves a diverse clientele, from sole proprietors to large corporations, across various industries such as financial institutions, state agencies, local governments, manufacturing, retail, not-for-profit organizations, professional firms, medical practices, and small businesses.

Industry Significance

With a legacy spanning over a century, PB&H has established itself as a pivotal player in the accounting industry, particularly within the Southwest region. The firm's longevity and commitment to client success have solidified its reputation as a trusted advisor and service provider.

Key Strategic Focus

Core Objectives

PB&H aims to provide high-quality, timely, and cost-effective professional services to a broad base of clients, fostering long-term relationships and contributing to their clients' financial success.

Specific Areas of Specialization

Taxation: Comprehensive tax planning and preparation services.

Accounting & Business Consulting: Tailored solutions to meet clients' financial management needs.

Corporate Audit: In-depth audits for corporate clients, including business valuations.

Financial Institution Services: Specialized services for financial institutions, including audits and compliance.

Government Audit & Consulting: Services for state and local governments, including audits under Government Auditing Standards and Uniform Guidance.

Key Technologies Utilized

PB&H employs modern technology to enhance service delivery, including cloud-based accounting solutions, advanced audit software, and secure data management systems. The firm is also a QuickBooks Professional Advisor, offering specialized training and consultation in QuickBooks software.

Primary Markets Targeted

The firm's primary markets include small to mid-sized businesses, not-for-profit organizations, governmental entities, and financial institutions, primarily within Texas and New Mexico.

Financials and Funding

Funding History

As a privately held partnership, PB&H does not publicly disclose detailed financial information or funding history. The firm has experienced steady growth over the years, expanding its services and geographic presence.

Total Funds Raised

Specific details regarding total funds raised are not publicly available.

Notable Investors

As a privately held firm, PB&H does not have external investors.

Intended Utilization of Capital

The firm reinvests its earnings into expanding service offerings, enhancing technological capabilities, and supporting community initiatives.

Pipeline Development

Key Pipeline Candidates

PB&H continually develops its service offerings to meet evolving client needs, focusing on expanding its governmental audit and consulting services. The firm has been recognized for its expertise in auditing school districts in Texas, reflecting its commitment to serving public sector clients.

Stages of Development

The firm's service development is ongoing, with a focus on integrating advanced technologies and expanding into new markets.

Target Conditions

PB&H targets a diverse range of clients, including small businesses, not-for-profit organizations, governmental entities, and financial institutions.

Relevant Timelines for Anticipated Milestones

Specific timelines for service development milestones are not publicly disclosed.

Technological Platform and Innovation

Proprietary Technologies

PB&H utilizes proprietary methodologies in its audit and consulting services, ensuring compliance with industry standards and delivering value-added insights to clients.

Significant Scientific Methods

The firm employs advanced audit techniques and data analytics to enhance the accuracy and efficiency of its services.

AI-Driven Capabilities

While specific AI-driven capabilities are not detailed, PB&H's commitment to technological advancement suggests an openness to integrating AI and machine learning tools to improve service delivery.

Leadership Team

Key Executive Profiles

Jennifer Manning: Managing Partner. Jennifer has been with PB&H for over 20 years, leading the firm's strategic direction and client relations.

Steve Bostick: Partner. Steve specializes in governmental audits and consulting, bringing extensive experience in public sector accounting.

John Manning: Partner. John focuses on corporate audits and business valuations, serving a diverse clientele.

Todd Pruitt: Partner. Todd leads the firm's financial institution services division, offering specialized expertise to banking clients.

Mike Lucas: Partner. Mike oversees the firm's tax planning and preparation services, ensuring compliance and strategic tax solutions for clients.

Leadership Changes

Specific details regarding recent leadership changes are not publicly available.

Competitor Profile

Market Insights and Dynamics

The accounting and consulting industry is characterized by a mix of large national firms and regional players. PB&H's focus on small to mid-sized businesses and governmental entities positions it uniquely within the market, allowing for personalized service and specialized expertise.

Competitor Analysis

PB&H competes with other regional firms such as Dauby O'Connor & Zaleski, which reported annual revenues of $42 million, and N&K CPAs, with revenues of $300,000. The firm's ability to offer a broad range of services and maintain long-term client relationships differentiates it in the competitive landscape.

Strategic Collaborations and Partnerships

Significant Collaborations

PB&H has developed strategic alliances with key organizations to support the development and delivery of its government audit and consulting services. These alliances include the Government Finance Officers Association, Texas Association of School Business Officials, and Texas Association of County Auditors.

Operational Insights

Strategic Considerations

PB&H's strategic focus on personalized service and specialized expertise allows it to effectively compete with both large national firms and smaller local competitors. The firm's commitment to technological advancement and community involvement further strengthens its market position.

Strategic Opportunities and Future Directions

Strategic Roadmap

PB&H aims to continue expanding its service offerings, particularly in governmental audits and consulting, to meet the evolving needs of its clients. The firm is also focused on integrating advanced technologies to enhance service delivery and exploring opportunities for expansion into new markets.