Private equity firm Unity Partners and Chicago-based Prosperity Partners, formerly NDH, have announced that Prosperity has completed the acquisition of Detroit-based tax, business valuation and accounting firm Cendrowski Corporate Advisors. Terms of the transaction were not disclosed.
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. The current partners of CCA will remain actively involved.
“We are excited to add the CCA team to the Prosperity Partners family,” said Jeremy Dubow, CEO and co-founder of Prosperity. “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.”
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 Cendrowski. “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.”
“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,” said Peter Cozzi, team lead at Unity Partners.
