About The Firm
Lovoy, Summerville & Shelton, LLC, traces its
beginnings to 1972 in Birmingham, Alabama, when Steve Lovoy and Roy
Summerville founded Lovoy, Summerville & Co. The two principals, Steve Lovoy and Roy
Summerville, were certified public accountants with more than 40 years of combined
experience in the profession from national and local firms.
The firm grew steadily through the 1970's by being dedicated to
providing traditional CPA services and focusing on its clients'
needs. Adding its first computer in 1979 allowed the firm to
serve those clients more efficiently and cost-effectively. The
growth of the firm during the next decade necessitated adding staff
at all experience levels.
In December 1989, Mr. Lovoy hired Lloyd
Shelton. After working at an international accounting firm for a
period of time and then serving elsewhere in industry, Mr. Shelton decided to
re-enter public accounting and help Mr. Lovoy and Mr. Summerville
grow the practice.
Mr. Shelton's dedication to the firm provided a
rewarding opportunity. Later, in 1994, Mr. Lovoy was contemplating
retirement from public accounting. This provided the
opportunity for Mr. Shelton to acquire the firm. Thus, in
November 1994, Lloyd Shelton became the sole owner of the firm
bearing his name - Lovoy, Summerville & Shelton, P.C. (now
Lovoy, Summerville & Shelton, LLC).
Mr. Shelton knew he needed to surround himself
with talented, experienced professionals in order to grow the
practice. He was aware that a close friend with 14 years of
experience working at an international firm was looking for new challenges in
public accounting and wanted the opportunity for ownership. Mr. Shelton
presented his business plan for the firm to Jeff O'Neal. Within two weeks of his
purchase of Lovoy, Summerville & Shelton, Mr. Shelton offered Mr. O'Neal
the perfect opportunity to fulfill his career goals. After starting with the firm in
November 1994, Mr. O'Neal was admitted as a shareholder in July 1995.
Under the leadership of Lloyd Shelton and Jeff
O'Neal, the Lovoy, Summerville & Shelton doubled in size over the next ten years.
The focus of the firm had not changed since it was founded in
1972. The clients demanded its accountants stay focused on offering
traditional services and not venturing into other areas
such as investments, insurance and information technology. This philosophy
served the firm well.
With the passage of the Sarbanes-Oxley Act of
2002, the public accounting profession began to change. Larger
organizations were utilizing the services of local and regional
firms more than ever. The business culture had also changed, which
created opportunity. The firm partners wanted to expand its
services and they determined that Lovoy, Summerville & Shelton
needed to add additional talent and leadership which would
compliment the existing skill sets of the firm but would also add the
needed skill sets to help penetrate and serve new market
opportunities. In September 2004, Donald Howell joined the
firm as a shareholder to address these needs. Mr. Howell had
14 years of public accounting experience with international firms and was
up to the challenge.
Over the next two years, Lovoy, Summerville
& Shelton experienced unprecedented growth. During this period, the
shareholders assessed the need for additional talent to ensure
quality service and to meet the continued demands of its
clients. The decision was easy: the firm admitted Jamie
Steele as a shareholder in September 2006. Mr. Steele
previously served with both an international accounting firm and a regional firm
until he joined Lovoy, Summerville & Shelton as a senior manager
in November 2002.
In the summer of 2006, a tremendous opportunity
presented itself to Lovoy, Summerville & Shelton. Mr.
Howell reconnected with a former co-worker, Michelle Granberry.
Mr. Howell and Ms. Granberry had worked together in the
office of an international accounting firm before Ms. Granberry
relocated to the Auburn-Opelika area with a regional accounting
firm. After several
years with the regional firm, Ms. Granberry decided to venture out
on her own and formed Granberry &
Associates LLC. Ms.
Granberry's firm had experienced substantial growth and success.
In fact, she had reached a point where she needed additional
support and resources. This
led to her decision to merge with Lovoy, Summerville & Shelton.
The combined practices each benefit from a highly
experienced management team dedicated to client service and quality.
With this merger, Lovoy, Summerville & Shelton has
expanded its industry expertise and the firm is situated to better
serve the geographic areas of each office.
As our history indicates, our firm believes that
people are our most important asset. We hire the best-qualified personnel
whose primary focus is client service. We are, therefore, always highly committed
to serving the needs of those clients.
Our members have over 90 years of combined
experience and are poised to lead Lovoy, Summerville & Shelton
into tomorrow's next accounting and business challenges.
We are excited about the future of our firm and anticipate the
prospect of assisting our clients in their successes.