EisnerAmper buys Krost CPAs

EisnerAmper, a national accounting and consulting firm, has acquired Krost CPAs, a Los Angeles-based accounting and consulting firm.

Founded in 1939, Krost provides accounting, tax, and consulting services to clients in hospitality, technology, financial services, manufacturing, real estate, sports and entertainment, and nonprofit.

The firm has eight partners and a staff of more than 100 people across offices in Los Angeles, Woodland Hills, and Pasadena, California.

"It's strategically critical that we expand our presence in America's second largest city," said Jay Weinstein, vice chair of industries and markets, EisnerAmper. "And I can't think of a better partner than KROST, which has maintained a standard of excellence for more than eight decades. We warmly welcome them to the EisnerAmper family."

EisnerAmper received a private equity investment from TowerBrook Capital Partners in 2021. Since then, the firm’s bolt-on acquisitions include Tidwell Group, a Birmingham, AL accountancy with 200+ people; Hoffman Group, a 17-person Baltimore accountancy; Lurie, a Minneapolis-based accountancy with 200+ people; and Raich Ende Malter & Company, a New York-based accountancy with 200+ people.

"The profession is evolving," said Paren Knadjian, principal, M&A and capital markets, Krost. "To stay relevant and, more importantly, to continue to provide a wide array of evolving services to our clients, we need the additional expertise and capital that a firm like EisnerAmper can provide. We believe they are the ideal partner to help us achieve that goal."

EisnerAmper is based in New York City and has approximately 450 partners and 4,500 employees across offices in the US, Cayman Islands, UK, Israel, and India.