#USA #San Mateo #Elevate LLC #Gilmore Advisors #Sanjay Agarwal

Elevate Expands Its Bay Area Reach with Investment in Gilmore Advisors

On October 7, 2025, Elevate LLC, a significant player in the accounting, tax, and advisory sectors, announced a pivotal investment in Gilmore Advisors LLC. This strategic move underscores Elevate's intention to consolidate its influence in the Bay Area, particularly after its recent partnership with TYS LLP, which was established just the month before. The investment not only amplifies Elevate's operational footprint but also offers Gilmore Advisors a platform to broaden its service offerings while preserving its core values.

A Growing Legacy in the Bay Area

Founded by Kevin Gilmore, CPA, Gilmore Associates has been a respected name in the San Mateo and broader San Francisco Peninsula for over 20 years. This firm has been the go-to resource for a variety of clients, including entrepreneurs, nonprofits, high-net-worth individuals, and privately held businesses. Known for its deep expertise in tax planning, financial statement audits, and nonprofit advisory, Gilmore Associates has built a reputation that reflects a strong commitment to community and client service.

With this investment, which became effective on September 1, 2025, Elevate aims to infuse new resources and technology into Gilmore Advisors, enhancing their capabilities. However, it is crucial to note that Gilmore Associates will retain its independence, thereby maintaining the personalized service it is known for. Kevin Gilmore, the managing partner, expressed excitement about the partnership, stating that it will allow them to provide more resources to their clients while staying true to their fundamental service values.

Elevate’s Vision for Growth

Sanjay Agarwal, Elevate's CEO, commented on this strategic partnership, emphasizing Gilmore Associates' exemplary leadership and strong community ties. He noted that this collaboration is essential to Elevate's vision of creating a platform that supports firms in thriving amidst the evolving landscape of the accounting profession. Agarwal's belief in building strong relationships with firms like Gilmore Associates highlights how Elevate is not just investing capital but is enhancing the overall potential of their partner firms.

According to Phil Whitman, CEO of Whitman Transition Advisors, who facilitated the transaction, Gilmore Associates was a sought-after firm among several investor-backed organizations. Ultimately, the firm chose to partner with Elevate due to its distinct approach and dedication to nurturing firm culture and individual identity. This decision marks a significant collaboration that could lead to exemplary growth for both parties.

As part of this investment, Gilmore Associates will implement an alternative practice structure to comply with relevant regulations. While their testimonial services will remain with Gilmore Associates LLP as an independently owned CPA firm, tax and advisory services will transition to Gilmore Advisors LLC.

Conclusion

Elevate's investment in Gilmore Advisors LLC represents an essential step in its mission to construct a robust, adaptive growth platform for accounting firms nationwide. With a shared commitment to client-centric service, both firms are poised to navigate future challenges while capitalizing on emerging opportunities in the finance industry. The collaboration not only ensures the availability of extensive resources but also preserves the individualized support clients have come to expect from Gilmore Associates. As the landscape of the accounting and advisory sectors continues to evolve, this partnership exemplifies a forward-thinking approach that may set a precedent for future collaborations.