Prosperity Partners Merges in Farkouh, Furman & Faccio

CHICAGO— Prosperity Partners (“Prosperity”), a Chicago-headquartered tax and accounting business backed by private equity firm Unity Partners LP (“Unity Partners”), today announced that it has completed the addition of New York-based Farkouh, Furman & Faccio (“FF&F” or “the Company”), a provider of tax, attest, accounting and business consulting services. The Company’s partners are reinvesting in Prosperity as part of the transaction. Financial terms of the acquisition were not disclosed.

Founded in 1974, FF&F serves a geographically diverse, sophisticated clientele, including domestic and international businesses, high-net-worth individuals and ultra-high-net-worth families. Combining top-tier technical expertise with superior client service, the Company has enjoyed consistent growth and long-term client relationships.

“We are honored that Farkouh, Furman & Faccio, with its stellar reputation and talented professionals, has joined Prosperity, establishing a new flagship office in New York City,” said Jeremy Dubow, CEO and co-founder of Prosperity. “FF&F brings excellent service credentials, strong relationships and new subject matter expertise to our platform. As part of Prosperity, FF&F will gain operational leverage through our technology investments and access to our accomplished offshore team. ”

With this addition, Prosperity gains a dedicated audit team and international tax expertise – two new capabilities that will greatly benefit Prosperity’s existing clients.

“While we’ve run a successful accounting firm for several decades, Prosperity provides a compelling path forward to grow our business, expand service offerings and create greater opportunity for our professionals,” said founding partner Fred Farkouh. “The entire team is energized to participate in Prosperity’s equity compensation plan and to be part of one of the fastest growing accounting firms in the country.”

FF&F’s seven partners and 38 employees have joined Prosperity as part of the transaction. All FF&F employees will participate in Prosperity’s Employee Purpose Plan, a broad employee ownership program that allows employees to benefit from the company’s future success.

“Prosperity’s people-first culture ensures that our team will be greatly supported and provided with new pathways to grow their careers,” added FF&F Managing Partner Bruce Militzok. “The broad employee ownership plan, combined with a firm-wide focus on technology and training, will enable our team to continue delivering superior client service while rewarding their contributions to the firm’s success.”