Courtesy of NDH
NDH Advisors LLC, a private equity-backed accounting firm based in Chicago, has acquired McGowan Guntermann P.C., in Santa Barbara, California.
McGowan provides tax and outsourced accounting services to high net-worth individuals, closely held businesses and their owners, and family groups. The firm dates back to 1945 and is led by managing partner David Larson.
NDH’s staff totaled about 75 people prior to the acquisition, while McGowan’s was around 12. NDH had 10 partners and is adding four more with McGowan. McGowan’s current partners will remain actively involved in the business going forward. Financial terms of the deal were not disclosed, but all McGowan employees will become part of NDH’s Employee Purpose Plan, a broad-based employee ownership program.
“We are thrilled to add the entire McGowan team to the NDH family,” said NDH CEO and co-founder Jeremy Dubow 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.”
“We were impressed by the NDH team and the level of expertise and resources they could bring to bear,” Larson said in a statement. “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.”
NDH was founded by three former professionals from Arthur Andersen and
“We’re confident that McGowan will be a fantastic addition to the NDH platform,” said Peter Cozzi, team lead at Unity Partners, in a statement. “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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