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Acquisition of Tax & Accounting Firm Bolsters NDH’s Services and Establishes Presence in Santa Barbara
DALLAS—June 04, 2024—Unity Partners LP (“Unity Partners”), a principles-based private equity firm, and NDH Advisors LLC (“NDH”), a Chicago-headquartered accounting business, today announced that NDH has completed the acquisition of Santa Barbara-based tax and accounting firm McGowan Guntermann P.C. (“McGowan”). Terms of the private transaction were not disclosed.
Established in 1945 and now led by David Larson, McGowan provides tax and outsourced accounting services to high net-worth individuals, closely held businesses and their owners, and family groups. The current partners of McGowan will remain actively involved in the business going forward.
“We are thrilled to add the entire McGowan team to the NDH family,” said Jeremy Dubow, CEO and co-founder of NDH. “Managing Partner David Larson and his partners are talented and experienced leaders who run a high-quality business. Our client and service areas are very complementary and, more importantly, our firm cultures are well aligned.”
Consistent with NDH’s people-first focus, all McGowan employees will become part of NDH’s 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.
“We were impressed by the NDH team and the level of expertise and resources they could bring to bear,” said Larson. “NDH is the right cultural and strategic fit for McGowan, and we believe our employees and clients will both benefit from being part of this team.”
“We’re confident that McGowan will be a fantastic addition to the NDH platform,” said Peter Cozzi, Team Lead at Unity Partners. “It is exciting to see the NDH team continue to attract such great partners, and we believe it is a testament to their ability to help already successful firms offer an even better experience to 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. For more information, visit unitypartnerslp.com.
About NDH
NDH 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, Houston, Texas and Philadelphia, Pennsylvania, and a growing team of talented professionals, NDH provides tax consulting, tax preparation, family office services, outsourced back-office accounting, fractional CFO and start-up business services. For more information, visit ndhcpa.com.
About McGowan
McGowan Guntermann is the oldest CPA firm in Central California. Founded in 1945, our full-service firm based in beautiful Santa Barbara, California offers service above and beyond those of traditional CPA firms. Our team is committed to providing quality driven service and delivering value to our clients that exceeds expectations while they achieve their business objectives. To learn more, visit mcgowan.com.
Media Contact
Trevor Blaisdell
646-502-3532
TBlaisdell@StantonPRM.com