Reporter- Kansas City Business Journal
The Kansas City area will play an important role as Kennedy and Coe LLC enacts an aggressive growth plan for its specialty niche in agricultural accounting, auditing and consulting.
Opened in November, the company’s first office in the Kansas City area already has 29 employees and expects to reach its capacity of 40 by the end of 2014. About 50 percent of the employees came from other locations within the firm. The other half are the result of hiring experienced workers or recruiting at nearby colleges and universities.
The specialization of employees at the new office at 8801 Renner Blvd. in Lenexa ranges from agricultural implement dealers to manufacturing, community banking, estate planning and strategic planning.
The firm’s typical target client is a privately owned, mid-sized company with some type of connection to agriculture. While the Kansas City area doesn’t have a lot of crop-production businesses, it’s a target-rich environment for virtually every other agriculture-related business. That’s why the firm already has a strong base of clients in the Kansas City area.
Now, Kennedy and Coe intends to grow that base aggressively and become a major competitor for clients and talent.
“It might be a company owned by the second or third generation, and the business has now grown enough for them to say that they can’t run it like mom and dad did anymore, because it’s too big,” said Marc Johnson, principal for Kennedy and Coe in Lenexa. “They’ve got bigger company concerns with capitalization, mergers and acquisitions on the horizon and all those types of things. Maybe they don’t have a CFO yet and aren’t ready to spend $200,000 a year on one.”
James reports about banking, financial services, manufacturing and sports business.