Prosperity Partners Acquires Regional Accounting Firm
Chicago firm expands its footprint with the acquisition of a long-standing practice serving the Philadelphia area.
Updated on Oct. 21, 2026 in Financial Planning
Live Poll
Do you believe consolidation among local accounting and advisory firms improves the service you receive?
Chicago-based Prosperity Partners has acquired the regional accounting firm Fabietti, Hale, Hammerstedt & Powers. The deal adds the long-standing firm to the Prosperity Partners employee ownership program as part of its ongoing expansion strategy.
Why it matters
Consolidation within the accounting industry impacts the landscape of professional services available to households, often changing the scale and reach of firms managing tax and financial planning needs. This acquisition reflects a broader trend of mid-sized firms joining larger platforms.
Prosperity Partners operates with 32 partners and 214 employees across 10 offices. It currently generates $73.6 million in annual revenue as it integrates new firms into its structure.
The players
Prosperity Partners
A Chicago-based accounting firm that provides tax and financial planning services.
Fabietti, Hale, Hammerstedt & Powers
A regional accounting firm based in Southern New Jersey founded in 1959.
Lightyear Capital
A private equity firm that provided a majority investment to Prosperity Partners.
The details
The transaction brings the team from Fabietti, Hale, Hammerstedt & Powers into the Prosperity Partners board-based employee ownership program. Prosperity Partners, previously known as NDH Advisors, has actively scaled its operations through multiple acquisitions throughout 2024 and 2025. This integration follows a significant majority investment received by Prosperity Partners from Lightyear Capital earlier this year.
Timeline
1959: Founding of Fabietti, Hale, Hammerstedt & Powers.
September 2024: Prosperity Partners rebranded from NDH Advisors.
December 2025: Prosperity Partners acquired Farkouh, Furman & Faccio.
October 20, 2026: Official announcement of the acquisition.
Money Landscape
The professional accounting sector is seeing rapid consolidation as mid-sized firms join larger national platforms. Prosperity Partners is following a pattern of expansion documented in the 2026 Accounting Today Top 100 Firms list.
Households using accounting services should watch for administrative changes, such as new billing portals or updated points of contact. If your current firm undergoes a merger, speak with your tax professional to confirm that your existing planning strategy remains aligned with your goals.
The takeaway
Large-scale mergers can shift the service availability and personal attention you receive from your accounting team. Review your upcoming tax and financial planning deadlines to ensure that any transitions in firm ownership do not disrupt your tax filing or estate planning processes.
Further reading
For broader guidance on how industry shifts affect your access to professional advice, visit our section on Financial Planning.
Live Poll
Do you believe consolidation among local accounting and advisory firms improves the service you receive?
