Keiter, one of the largest, independent Certified Public Accounting firm in Central Virginia, announces that Gary Wallace, CPA has been named the firm’s new Managing Partner effective January 1, 2019. Mr. Wallace has over 30 years of accounting experience both in the private and public sectors and most recently served as the Tax Department Leader for Keiter. He is succeeding L. Michael Gracik, Jr., who has served as Managing Partner of Keiter since 2014.
“This is a tremendous honor to be chosen by my fellow partners for this position,” said Mr. Wallace. “For the past 40 years, Keiter has helped thousands of businesses achieve their financial objectives. I look forward to furthering that tradition and leading our firm for continued success.”
In his new role, Mr. Wallace will oversee Keiter’s strategic direction, providing leadership on firm matters. He will also continue serving as a partner in the firm’s tax practice. Mr. Wallace will be actively involved in the firm’s marketing and business development opportunities and remain engaged in community development and support.
Prior to joining Keiter in 2010, Mr. Wallace was the Chief Financial Officer for The Riverstone Group, LLC and CCA Industries, Inc. He acquired significant public accounting experience, as Tax Partner with the Richmond office of KPMG. In his over 20 years at KPMG, Mr. Wallace was tax advisor to publicly and privately held business clients and individuals, principally in the retailing, distribution, real estate and financial services sectors.
In addition to Mr. Wallace’s position, Keiter announces that L. Michael Gracik, Jr. will become a Director with the firm. In this new role, he will provide clients with tax advisory and succession planning consulting.
Mr. Wallace continued, “Mike Gracik has been a great Managing Partner for our firm. He was instrumental in growing firm revenues by 50 percent, expanding our team, growing our client base, and building our reputation as ‘Opportunity Advisors’ to the Central Virginia business community. I am thrilled that he has chosen to serve as a Director within our firm and know that we all will continue to benefit from his expertise.”
Among Mr. Wallace’s priorities as Managing Partner will be a continuation and expansion of the firm’s support and commitment to the local Richmond, Virginia community. Keiter has consistently been recognized both locally and nationally for its charitable contributions to not-for-profit organizations and volunteerism.
“I am so proud of our team at Keiter,” Mr. Wallace said. “They are among the best accounting and financial advisors in the business. More importantly, they are a compassionate team that is dedicated to finding new opportunities to serve our local community. This year alone, they have provided more than 300 volunteer hours to local organizations.”
Keiter was founded in 1978 and provides a full range of financial services to businesses and their owners. The Keiter team is always focused on providing fresh insights and creating new opportunities to help businesses grow. The Firm has over 160 employees in its Richmond office and is the third largest accounting firm in Richmond with 81 CPAs. Keiter has developed specialized expertise in serving the real estate, construction, manufacturing, and financial services industries, as well as nonprofit entities. For more information on the Firm, please visit www.keitercpa.com.