Prosperity Partners, a private equity-backed accounting firm based in Chicago, has completed its acquisition of Cendrowski Corporate Advisors, a Detroit-based tax, business valuation and accounting firm.
Financial terms of the deal were not disclosed. CCA has a total of 20 employees and with the acquisition, Prosperity now has 110 employees. Founded in 1983 by Harry Cendrowski, CCA is a boutique tax consulting firm offering comprehensive tax, outsourced accounting, family office services, business valuation, dispute advisory and forensic accounting services to its sophisticated clientele. The current partners of CCA plan to remain actively involved in the business.
"We are excited to add the CCA team to the Prosperity Partners family," said Prosperity CEO and co-founder Jeremy Dubow. "Harry Cendrowski and his partners have developed a fantastic reputation in our industry, built on decades of delivering high-quality service and expertise to their clients. They have a great team and a complementary service offering that will benefit the Prosperity platform."
This is Prosperity's first acquisition since it rebranded from NDH Advisors. NDH was founded by three former professionals from Arthur Andersen and
All CCA employees will become part of Prosperity's Employee Purpose Plan, a broad-based employee ownership program. As an essential aspect of each Unity Partners' investment, the employee ownership plan allows qualifying employees to benefit from the company's success.
"Prosperity Partners impressed us with their track-record of growth, breadth of resources, and deep focus on employee and client success," said Harry Cendrowski in a statement. "We believe that Prosperity is the right cultural and strategic fit for CCA and that our employees and clients will benefit from being part of this organization.
"We're thrilled to have CCA join the Prosperity platform," said Peter Cozzi, team lead at Unity Partners, in a statement. "With strong alignment on Prosperity's mission and ambitions of providing the best client service possible, we're excited for this key growth opportunity and partnership."
