Prosperity Partners buys New Jersey's FHHP, entering Philadelphia market
What's the deal? Prosperity PartnersDealroom has a profile for this one. Try Dealroom → has completed its acquisition of Fabietti, Hale, Hammerstedt & Powers, PA (FHHP), a full-service accounting firm. Terms of the private transaction were not disclosed.
Who's involved? Prosperity is a Chicago-based tax, client accounting, and transaction advisory business backed by Lightyear CapitalDealroom has a profile for this one. Try Dealroom →. Founded in 1959, FHHP serves family-owned and closely held businesses, individuals, trusts, and estates across southern New Jersey and the greater Philadelphia area.
What changes? The deal establishes Prosperity's presence in the greater Philadelphia market and expands its advisory, tax, accounting, and attest capabilities. FHHP's team will join Prosperity's Employee Purpose Plan, a broad-based employee ownership program.
What's the endgame? Prosperity is building a national platform through acquisitions of firms serving family-owned and closely held businesses. "Together, we will build on those strengths by providing clients with access to a broader range of specialized capabilities," said Jeremy Dubow, Prosperity's chief executive officer and co-founder.
Why now? The deal follows Prosperity's July 2026 partnership with Lightyear Capital, which took a majority growth stake while earlier backer Unity PartnersDealroom has a profile for this one. Try Dealroom → retained a minority position. Both investors have pledged to support further expansion and M&A.
The signal: Prosperity has pursued serial acquisitions since Unity's 2023 investment, adding firms across US markets including Vermont, Virginia, and New York in 2025 alone. The FHHP deal is another step in that buy-and-build strategy, reflecting continued consolidation across the accounting sector rather than a standalone, industry-shifting move.
Read more: markets.financialcontent.com
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