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Unity & Prosperity Partners Acquire Cendrowski Corporate Advisors
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Subscribe20 SEP 2024 / M&A UPDATES
Dallas-based private equity firm Unity Partners and Chicago-based Prosperity Partners have acquired Detroit-based Cendrowski Corporate Advisors (CCA), a tax, valuation, and accounting firm. The acquisition forms part of Prosperity's growth strategy, expanding its services and geographic reach, while CCA will continue operations under Prosperity's umbrella, integrating their employees into Prosperity's Employee Purpose Plan.
Unity Partners, a Dallas-based private equity firm, and Chicago-based Prosperity Partners have jointly announced the acquisition of Cendrowski Corporate Advisors (CCA), a prominent Detroit-area tax, valuation, and accounting firm. The acquisition, completed as part of Prosperity’s growth strategy, further solidifies Prosperity’s service offerings and expands its geographic reach into Detroit. The financial terms of the transaction remain undisclosed.
Founded by Harry Cendrowski in 1983, CCA has established itself as a boutique firm offering services across tax consulting, outsourced accounting, family office solutions, business valuation, dispute advisory, and forensic accounting. Known for their deep expertise and commitment to high-quality service, Cendrowski and his team will continue to lead CCA’s operations under Prosperity’s expanding umbrella, maintaining active roles within the firm.
“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 built a stellar reputation in the industry, backed by decades of excellence in client service and expertise. CCA’s service offerings align perfectly with our existing strengths and will significantly benefit the Prosperity platform.”
In line with Prosperity’s people-centered values, CCA’s employees will be integrated into the Prosperity Employee Purpose Plan, an employee ownership program that allows qualified team members to benefit from the firm’s growth and success. Unity Partners, which emphasizes purpose-driven investments, underscores the importance of employee ownership as a foundational component of this acquisition.
“Prosperity Partners impressed us with their growth record, extensive resources, and strong focus on both employee and client success,” said Harry Cendrowski. “We believe Prosperity is the right cultural and strategic match for CCA, and that this partnership will enhance the value we deliver to our clients while ensuring a supportive environment for our employees.”
Peter Cozzi, Team Lead at Unity Partners, shared his excitement for the acquisition, saying, “CCA’s addition to the Prosperity platform aligns with our commitment to delivering top-tier client service and reflects our shared ambitions for growth and excellence.”
This acquisition is a significant step for Prosperity Partners as it broadens its national footprint and enhances its service capabilities through the addition of CCA’s specialized expertise, setting the stage for continued expansion and deepened client relationships across the firm’s growing network.
Until next time…
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