Murphy Business & Financial Corp., a Clearwater, Fla.-based business brokerage firm, has announced it will expand its presence in Nashville, with plans including adding up to three offices in the months ahead.
Murphy Business facilitates the buying and selling of small to mid-size businesses with revenues in the $500,000 to $10 million range. Led by Roger Murphy, the company also handles some merger and acquisition deals.
"Nashville is a vibrant business community, and we see our company filling a void in the marketplace for an intermediary that can facilitate dealmaking throughout the region," Murphy said.
In Tennessee, Murphy Business operates offices in Franklin and Knoxville.
Local accountants Chad McKinney and Joe Carson have merged their practices to form Carson & McKinney CPAs, a firm that will have about half a dozen employees. The two have been running their businesses from Franklin and Elm Hill Pike — Carson's group has operated for more than three decades while McKinney started his own practice in the area after relocating in 2010 — and will retain their respective offices.
"Joe and I are delighted to have joined forces,” said McKinney, who is on the left in our photo. “This move deepens our intellectual resources in order that we may provide, on a broader scale, the individual and business communities with clever, proactive solutions for today and tomorrow.”
McKinney also runs a small money management shop, which early this year had about $1.4 million in assets under management.
FirstBank's proposal to pump $3.5 million into a renovation of the historic post office building at downtown Franklin's Five Points has gained serious support from many of the city's aldermen. Kevin Walters writes that the bank's plans to open its fifth Williamson County office there also have some prominent people looking at redeveloping the old county jail on nearby Bridge Street.
“We thought it would be such a success story if the post office were getting redone and the old jail were getting redone,” said Mary Pearce, foundation executive director. “It would be two huge preservation projects.”