Prosperity Partners Acquires Accounting Firm FHHP

The Chicago-based firm continues its expansion strategy by absorbing the long-standing accounting practice.

Updated on Oct. 20, 2026 in Financial Planning

Isometric editorial illustration of a dense urban skyscraper model with geometric buildings in deep teal and oxblood, representing business expansion. — Prosperity Partners has acquired the Southern New Jersey accounting firm Fabietti, Hale, Hammerstedt & Powers to expand its Chicago-based service footprint. AI Illustration. Upload story photo >

Live Poll

Do you believe consolidation among local accounting and advisory firms improves the service you receive?

Prosperity Partners has officially acquired the accounting firm Fabietti, Hale, Hammerstedt & Powers. This move expands the firm's reach as the FHHP team joins Prosperity Partners' employee ownership program.

Why it matters

The acquisition represents a strategic growth effort for the Chicago-based firm as it integrates established regional practices into its broader operational structure. By incorporating the FHHP team, the firm strengthens its headcount and service footprint.

Prosperity Partners maintains 32 partners and 214 employees across its 10 offices. The firm, formerly known as NDH Advisors, reported $73.6 million in annual revenue as of its 2026 Accounting Today top 100 ranking.

The players

Prosperity Partners

A Chicago-based accounting firm that has been aggressively expanding through acquisitions and currently holds 10 offices.

Fabietti, Hale, Hammerstedt & Powers

A long-standing accounting firm founded in 1959 with a service area focused on Southern New Jersey.

Lightyear Capital

A private equity firm that provided a majority investment to Prosperity Partners earlier this year.

Unity Partners

An investment firm that maintains a minority position in Prosperity Partners following recent capitalization changes.

The details

Founded in 1959, Fabietti, Hale, Hammerstedt & Powers brings its regional service history in Southern New Jersey to the Chicago-headquartered firm. Prosperity Partners will integrate the staff into its board-based employee ownership program following the deal.

1959: Fabietti, Hale, Hammerstedt & Powers was founded.
September 2024: Prosperity Partners rebranded from NDH Advisors.
December 2025: Prosperity Partners acquired Farkouh, Furman & Faccio.
October 20, 2026: The acquisition of FHHP was officially announced.

Market Dynamics

Prosperity Partners' acquisition activity reflects the ongoing trend of consolidation within the mid-tier accounting industry. This strategy allows the firm to scale its regional operations against larger national competitors currently tracked on the 2026 Accounting Today Top 100 Firms list.

Clients of the acquired firm can expect updates regarding changes to service access as the teams integrate under the new brand. For existing Prosperity Partners stakeholders, this growth indicates a continued focus on expanding market share and internal equity programs.

The takeaway

The firm’s transition from NDH Advisors to Prosperity Partners highlights the importance of re-branding when pursuing an aggressive M&A strategy. Business owners should monitor how these ownership programs affect service consistency during future firm integrations.