Private-equity-backed accounting firm NDH Advisors has acquired McGowan Guntermann PC, a Santa Barbara, CA-based tax and accounting firm.
Terms of the deal weren’t disclosed.
Founded in 1945, 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, led by David Larson, will remain actively involved in the business going forward.
“We are thrilled to add the entire McGowan team to the NDH family,” Jeremy Dubow, CEO and co-founder of Chicago-based NDH, said in a statement. “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.”
All McGowan employees will become part of NDH’s Employee Purpose Plan, a broad-based employee ownership program.
“We were impressed by the NDH team and the level of expertise and resources they could bring to bear,” Larson said. “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.”
Dallas private-equity firm Unity Partners acquired NDH in May 2023, 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. NDH also acquired Houston-based CPA firm Jain & Jain earlier this year.
“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.”
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