TRP CPAs Expands Presence in Fayetteville with Chestnutt Acquisition

FAYETTEVILLE, N.C. (June 22, 2017) – TRP CPAs, PLLC, has acquired A. Johnson Chestnutt Jr.’s portion of Faircloth, Chestnutt & Company, LLP. It was the wish of Chestnutt, who passed away on April 18, 2017, for TRP to manage his customer base.

Chestnutt was a Certified Public Accountant (CPA) and managing partner of Faircloth, Chestnutt and Company, LLP for more than 35 years. In addition, he was active in the community through his involvement with the Fayetteville Lafayette Rotary club, the Cumberland County ABC Board, and more.

“Johnson wasn’t just a well-respected CPA. We were all touched by his dedication to his clients, his family, his church and his community,” says Kelly Puryear, Chief Executive Partner, TRP. “We were also honored that he entrusted TRP with continuing to provide his clients with the highest level of service that they have come to expect for more than three decades.”

The transition to TRP has already begun in earnest, and current customers should see no change in the level of service; Chestnutt’s staff of Kyra Beam, Pamela Chan and Kathy Loftis will service clients from TRP’s 2405 Robeson Street location in Fayetteville by early July.

“The addition of the current Chestnutt staff reflects our sincere commitment to providing a seamless transition for their clients,” says Matthew Smith, Head of Acquisitions, TRP.

TRP CPAs, PLLC, is a full-service public accounting firm that has provided accounting, auditing, financial statement and income tax return preparation and planning, business valuation, litigation support, management advisory and other services in North Carolina since 1972.

“We have a commitment to selective acquisitions. This is reflected by the fact that we have acquired six CPA firms over the past two decades,” says Smith. “The retaining of Chestnutt’s clients echoes the commitment to TRP’s smart growth and its passion for the Eastern North Carolina market.”