Cleveland-based IPA 200 firm Meaden & Moore (FY24 net revenue of $52.6 million) announced a partnership with Unity Partners to support the firm’s growth. Through the partnership, Unity Partners has invested in the advisory services business of Meaden & Moore Advisors.
Meaden & Moore will continue to operate under its existing brand and leadership team, with the same professionals continuing to serve clients.
The partnership provides additional resources to expand services, enhance the client experience, and create new opportunities for its professionals while maintaining the values that define the organization.
“We were looking for a partner who shared our values and supported our strategy for the future of the firm,” said Jim Rollins, CEO of Meaden & Moore. “Unity Partners demonstrated that commitment from day one, approaching the relationship as a true partner focused on supporting our people, preserving what makes Meaden & Moore unique, and helping us build for the future.”
As part of the transaction, Unity Partners will help modernize the firm’s equity structure by implementing an employee equity ownership model, allowing employees to share in the firm’s long-term growth.
“Our people have always been the driving force behind Meaden & Moore’s success,” said Rollins. “This relationship strengthens our ability to serve clients, supports continued investment across the firm, and creates additional opportunities for our employees to share in that success.”
“What attracted us to Meaden & Moore was its strong reputation, talented professionals, and collaborative culture,” said Peter Cozzi, who leads the Investment team at Unity Partners. “The firm’s commitment to excellence, employee development, and long-term growth aligns closely with our investment philosophy. We look forward to supporting the leadership team as they continue executing their vision for the future.”
As part of the transaction, Meaden & Moore will operate under an alternative practice structure. Meaden & Moore, a licensed CPA firm, will continue to provide attest services, while Meaden & Moore Advisors will provide business advisory, tax, forensic and other non-attest services.
