Thomson & Company Merges with Frost to Expand Agribusiness Reach

Thomson & Company of Phoenix is merging with Little Rock, Ark.-based Frost PLLC (FY14 net revenue of $21.5 million). The merged firm will be known as Frost PLLC, and will continue to operate out of all current locations.

Doug Richardson, Frost executive committee chairman, says, “As a combined entity, we will expand our experience, knowledge base and resources while continuing to provide our clients with the exceptional services they expect and deserve. The Thomson & Company associates will broaden our food processing and agriculture expertise to include the dairy industry, date palm production and will increase our row crop representation as well. While the food processing and agriculture industry represents a large portion of our firm’s business, we will continue to offer our clients a broad portfolio of services to meet their accounting needs.”

Craig Thomson, president of Thomson & Company, says “One of Frost’s strengths is its expertise in the food and agriculture industry. Thomson and Company’s strength is also in serving the agriculture industry. The merger of our firm with Frost creates a deeper pool of resources to better serve the needs of agribusiness throughout the country.”

“This was a good strategic fit for both firms,” says Mike Platt of INSIDE Public Accounting, who introduced the two firms earlier this year. “We’ve known each of these firms independently for years. They each have a deep expertise in food and agriculture, share similar values and work ethic, and both have strong profitable businesses that will complement each other tremendously.”