KROST Announces Merger with Gaynor & Umanoff

Pasadena, Calif.-based KROST CPAs and Consultants (FY17 net revenue of $33 million) has merged in Gaynor & Umanoff of Los Angeles.

Two principals, Chris Gaynor and Richard Umanoff, and two directors will join the leadership team, as well as nine associates, growing the practice to a total of 170 team members. KROST has four offices in California: Pasadena, Woodland Hills, Valencia and now West Los Angeles.

“Chris, Richard and the team bring industry depth and technical expertise that will benefit our tax department immensely. With the office based in West Los Angeles, we will be able to better service our new and existing clients; moreover, our staff will have another location to shorten commute times, allowing us to recruit and retain the best and the brightest,” says Greg Kniss, MP of KROST. “Through the merger we will be able to partner with our new team to offer many of the value-added services we provide our current clients, such as M&A and capital markets, wealth management, research and development tax credits, cost segregation, green building tax incentives and more.”

Gaynor says, “There are many CPAs in this world. In order to distinguish yourself, you must provide superior service, care and diligence. When we decided it was time to make a big change for the betterment of our practice and clients, we knew we had to merge with KROST. Upon meeting Greg Kniss, we felt that we found a like-minded, larger firm to entrust our clients with and move us into the future.”

Umanoff says, “We are pleased to join KROST and leverage their many resources. This will allow us to expand our accounting and tax services, while still maintaining our focus on what matters to us most: our clients.”