NDH Advisors has acquired Houston-based CPA firm Jain & Jain—the second transaction the Chicago accounting business has made in as many months. Terms of the deal weren’t disclosed.
Dallas private-equity firm Unity Partners acquired NDH last May, providing the accounting firm with capital, strategic, and operational support as NDH looks to expand through organic growth and strategic acquisitions. NDH’s first foray into M&A was last November when it acquired Leawood, KS-based tax and accounting firm Stratus Group.
Established in 1986 by founders Mike and Rajni Jain, Jain & Jain provides tax and outsourced accounting services to high-net-worth individuals, closely held businesses and their owners, and family groups. Jain & Jain’s clients are primarily based in Texas, Florida, Utah, and Kansas, and represent a diverse mix of industries. Both founders will continue to be actively involved in the business.
“This transaction complements NDH’s core service offering and allows us to add talented professionals to our growing team,” Jeremy Dubow (pictured, left), CEO and co-founder of NDH, said in a statement. “Mike and Rajni are passionate and experienced business owners with values that align with ours. As well-respected leaders and best-in-class advisors, they will help NDH expand its business in Texas and the surrounding states.”
All Jain & Jain 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, NDH said.
“The Jain & Jain team is thrilled to partner with NDH’s outstanding professionals, as we combine businesses to provide the highest-quality tax and accounting services to clients throughout the country,” Mike Jain said. “Our shared resources and industry expertise will strengthen NDH’s ability to offer to employees exceptional professional growth opportunities while also helping clients meet their complex tax and financial needs.”
“With strong alignment on growth ambitions, the Unity team quickly realized the opportunity to partner Jain & Jain with NDH to further execute our Partner & Propel strategy,” added Peter Cozzi, team lead at Unity Partners. “We believe the addition of Jain & Jain to the NDH platform is a great opportunity to leverage NDH’s resources and expertise to help an already successful business offer an even better experience to its clients and employees.”
Founded in 2003 by three former Arthur Andersen employees, NDH provides tax, accounting, and advisory services to more than 1,500 clients throughout the U.S.
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