January 30, 2024
Prosperity Partners Announces Strategic Partnership with Jain & Jain
Addition Of Tax & Accounting Firm Drives Significant Growth
DALLAS—January 30, 2024—Unity Partners LP (“Unity Partners”), a principles-based private equity firm, and Prosperity Partners Advisors LLC (“Prosperity Partners”), a Chicago-headquartered accounting business, today announced that Prosperity Partners has partnered with Houston-based tax and accounting firm Jain & Jain P.C. (“Jain & Jain”). Terms of the private transaction were not disclosed.
Established in 1986 by founders Mike and Rajni Jain, Jain & Jain provides tax and outsourced accounting services to high net-worth individuals, closely-held businesses and their owners and family groups. Jain & Jain’s clients are primarily based in Texas, Florida, Utah, and Kansas and represent a diverse mix of industries. Both founders will continue to be actively involved in the business.
“This transaction complements Prosperity Partners’ core service offering and allows us to add talented professionals to our growing team,” said Jeremy Dubow, CEO and co-founder of Prosperity Partners. “Mike and Rajni are passionate and experienced business owners with values that align with ours. As well-respected leaders and best-in-class advisors, they will help Prosperity Partners expand its business in Texas and the surrounding states.”
Consistent with Prosperity Partners’ people-first focus, all Jain & Jain employees will become part of Prosperity Partners’ 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.
“The Jain & Jain team is thrilled to partner with Prosperity Partners’ outstanding professionals, as we combine businesses to provide the highest quality tax and accounting services to clients throughout the country,” said Mike Jain. “Our shared resources and industry expertise will strengthen Prosperity Partners’ ability to offer to employees exceptional professional growth opportunities while also helping clients meet their complex tax and financial needs.
“With strong alignment on growth ambitions, the Unity team quickly realized the opportunity to partner Jain & Jain with Prosperity Partners to further execute our Partner & Propel strategy,” said Peter Cozzi, Team Lead at Unity Partners. “We believe the addition of Jain & Jain to the Prosperity Partners platform is a great opportunity to leverage Prosperity Partners’ resources and expertise to help an already successful business offer an even better experience to its clients and employees.”
About Unity Partners
Unity Partners is a principles-based private equity firm that partners investors and operators to build better together, measured by the economic surplus we create and share with all stakeholders. Our principles provide a foundation to build great people-based services and technology organizations that impact thousands of lives. We deploy our Partner & Propel strategy to identify opportunities to Partner with ambitious leaders to accelerate growth, unlock the benefits of platform scale through mergers and acquisitions and Propel value acceleration through investments in people, processes, and operational levers.
About Prosperity Partners
Prosperity Partners is a best-in-class, tax and accounting firm serving dynamic businesses, high net-worth individuals, and family offices throughout the United States. With offices in Chicago, Illinois, Leawood, Kansas and Philadelphia, Pennsylvania, and a growing team of talented professionals, Prosperity Partners provides tax consulting, tax preparation, outsourced back-office accounting, fractional CFO and start-up business services. For more information, visit prosperitypartners.com.
About Jain & Jain
Jain & Jain is a tax and accounting firm focused on advising corporations, partnerships, family limited partnerships, limited liability companies, and trusts, across a variety of different industries. The firm supports businesses in all stages of their lifecycle – from optimal entity structuring through M&A transaction planning to business owner estate planning and succession.
Media Contact
Trevor Blaisdell
646-502-3532
TBlaisdell@StantonPRM.com