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Unity Partners and Prosperity Partners Complete Acquisition of Wiener and Garg, Expanding Presence in Washington, D.C. Area
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Subscribe04 OCT 2024 / M&A UPDATES
Unity Partners and Prosperity Partners have jointly acquired Maryland-based advisory and accounting firm Wiener and Garg (W&G), effective 1 October 2024, bolstering Prosperity's presence in the Greater Washington, D.C. area and enhancing its services to high-net-worth individuals and select sectors. W&G partners Subhash Garg and Vikesh Bansal will retain their leadership positions, while W&G employees join Prosperity’s Employee Purpose Plan, highlighting Unity Partners' investment philosophy of shared success.
Unity Partners, a private equity firm headquartered in Dallas, alongside Prosperity Partners (Prosperity), an established Chicago-based accounting firm, has successfully completed the acquisition of Wiener and Garg (W&G), an advisory and accounting firm in Rockville, Maryland. This strategic move, effective October 1, 2024, strengthens Prosperity's foothold in the Greater Washington, D.C. area and enhances its offerings to high-net-worth individuals and a variety of specialized industries.
Founded in 1980, W&G provides comprehensive tax, consulting, and accounting services, focusing on sectors including real estate, software development, legal services, and franchising. The firm’s partners, Subhash Garg and Vikesh Bansal, will continue their leadership roles within W&G, ensuring a smooth transition and maintaining client relationships.
“We are delighted to officially partner with the entire W&G team and welcome them to the Prosperity Partners family,” stated Jeremy Dubow, CEO and co-founder of Prosperity. “Subhash and Vikesh are both outstanding individuals, and we’re confident that our alignment on premier client service and key service offerings will make W&G a great addition to the Prosperity platform.”
A notable aspect of this acquisition is the inclusion of all W&G employees in Prosperity’s Employee Purpose Plan, a broad-based employee ownership initiative aligned with Unity Partners' people-first investment philosophy. This program reflects a commitment to shared success, ensuring that employees benefit from the growth and accomplishments of the combined firm.
Garg and Bansal expressed their enthusiasm for joining Prosperity, saying, “It’s a true honor to launch this partnership, and we look forward to leveraging our firm’s decades of experience to help strengthen and deliver high-quality service to all Prosperity clients. Throughout our meetings with Jeremy and the Prosperity group, their people-first, team-oriented culture and extensive expertise within the tax and accounting industry resonated with us, and we’re excited to be joining such a well-established organization.”
Peter Cozzi, Team Lead at Unity Partners, praised Prosperity’s expansion, emphasizing their dedication to sustainable growth and client success. “We are extremely proud of Prosperity Partners’ continued expansion and their commitment to pursuing avenues of growth to help elevate the business. We’re thrilled for this partnership and look forward to Prosperity’s continued success.”
This acquisition highlights Prosperity’s commitment to delivering premier client services while positioning itself for continued growth in key markets and industries.
Until next time…
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