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MLA acquired LGI CFO in October 2019, joining two consulting firms with a shared commitment to providing strategic financial management services. The acquisition allows Dayton-based MLA Companies to expand its geographic reach into Cincinnati and Northern Kentucky, where LGI was founded 30 years ago.
Steve Lumley, Founder of LGI CFO
LGI vetted multiple options for its future growth, and determined that MLA’s philosophy, client service framework, value set, and business purpose provided the best fit, says Steve Lumley, founder, and CEO of LGI. “We see an awesome fit between our values and MLA’s,” says Lumley. “I’m confident that being part of MLA will allow us to expand our services to clients and provide greater opportunities for our team.”
Seth Morgan, Founder, and CEO of MLA Companies.
Lumley and MLA Companies CEO Seth Morgan have been friends for many years. In fact, Morgan says he considers Lumley to be one of the pioneers of the “fractional CFO” model, in which a CFO provides services in a part-time, retainer, or contract arrangement.
“MLA is committed to continuing and expanding the presence and reach of LGI, and preserving the company’s great legacy and leadership in the fractional CFO market,” says Morgan. “This acquisition will also allow MLA to invest further in our highly effective Business Redeemed Process and enhance our ability to serve clients throughout southwest Ohio and Northern Kentucky.”
MLA Companies is a business financial services firm located in southwest Ohio. Our team of about 30 professionals is actively serving a growing list of companies across the United States.
We provide business services from bookkeeping through M&A. Our core competency is our Fractional, or Outsource CFO team. These individuals have extensive and varied experience across multiple industries including manufacturing, construction, logistics, consumer products, and professional services.
Our approach to finance is forward-looking, meaning we work to provide the insights and guidance you need to lead your business to future growth. We offer a set of strategic services that include market growth analysis, strategic planning, business model development, and succession planning.
While we can help you prepare and plan, we can also execute to get you to your goals. Our solutions services are finance-adjacent and include business process optimization, alignment between owners and management, valuation, and governance structures.
MLA utilizes its holistic Business Redeemed process to gain a complete picture of your business and identify opportunities for growth. We work seamlessly with your other service providers, including your CPA and financial institutions.
From outset to execution, MLA stands ready to be your trusted advisor.