Lightyear Capital to acquire majority stake in Prosperity Partners

By: Aninda Chakraborty Source: International Accounting Bulletin Reading time: 2 min

Prosperity Partners, a Chicago-based provider of tax, client accounting, and transaction support services, has secured a "majority growth investment" from private equity firm Lightyear Capital.

Financial terms of the transaction were not disclosed.

The deal is expected to close in the third quarter of 2026, subject to customary regulatory approvals.

Following completion, Unity Partners—which invested in Prosperity in April 2023—will retain a minority stake in the business.

Company Overview

Founded in 2003, Prosperity Partners offers tax advisory, client accounting, and transaction support services to high-net-worth individuals, family offices, and entrepreneurial businesses across the United States.

The company employs more than 250 people and operates offices in:

• Burlington
• Chicago
• Detroit
• Houston
• Iselin
• Kansas City
• New York City
• Santa Barbara
• Washington, DC

Executive Commentary

Prosperity co-founder and CEO Jeremy Dubow said:

"As we enter our next stage of growth supported by the outstanding Lightyear team, we are eager to pursue our lofty strategic goals and to continue to provide premier services to high net-worth individuals, family offices and closely held businesses."

Employee Ownership Programme

At the time of Unity's initial investment, Prosperity introduced an Employee Purpose Plan. The company stated that this employee ownership programme will distribute approximately $18 million in proceeds across its employee base.

Lightyear and Prosperity have also agreed to continue an employee ownership programme for qualifying employees.

Advisors

• Lead financial advisor to Prosperity and Unity: Guggenheim Securities
• Additional financial advisor to both parties: Koltin Consulting Group
• Legal counsel to Prosperity: Kirkland & Ellis
• Legal counsel to Lightyear: Davis Polk

Koltin Consulting Group founder Allan Koltin commented:

"Prosperity, one of the first accounting firms to partner with private equity, in just over three years, has grown from a small, sophisticated tax business into a national platform offering a full suite of services to an incredible client base. The partnership with Lightyear will elevate Prosperity's brand and position it to be one of the best accounting, tax and advisory businesses in the country. From their initial meeting, it was clear that Prosperity and Lightyear were aligned on their strategic goals and would be incredible partners."

Related News

Earlier this month, Meaden & Moore Advisors, an Ohio-based accounting business, received investment from Unity Partners.

"Prosperity Partners secures majority growth investment from Lightyear" was originally created and published by International Accounting Bulletin, a GlobalData owned brand.