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Prosperity Partners Completes Acquisition of Pipaya

Addition of Transaction Services Firm Expands Prosperity’s Services and Grows Presence in the D.C. Metro

Prosperity Partners (“Prosperity”), a Chicago-headquartered tax and accounting business backed by Unity Partners LP (“Unity Partners”), today announced that it has completed the acquisition of Vienna, Virgina-based transaction services firm Pipaya. Terms of the private transaction were not disclosed.

Led by Adam Strach, who founded the firm in 2009, Pipaya is a transaction advisory firm with expertise in the aerospace, defense and government services industries that focuses on providing sell-side and buy-side quality of earnings, M&A readiness, and accounting and integration support for founder / owner operators and private equity investors. Over the past 15 years, the firm has advised on over 200 transactions totaling over $12 billion in transaction value. As part of Prosperity, Adam and his team will continue to provide the high-touch, high-quality service that Pipaya clients and industry business partners have come to expect.

“I’m thrilled to add the Pipaya team to our growing firm,” said Jeremy Dubow, CEO and co-founder of Prosperity. “Under Adam’s leadership, Pipaya has developed a reputation for making the complex simple with a solutions-oriented approach to transaction support. That ethos will remain central to Pipaya’s culture and work as part of the Prosperity platform. Adam has developed a phenomenal team and this new service line will allow us to better serve the existing clients of both Prosperity and Pipaya.”

Consistent with Prosperity’s people-first focus, all Pipaya employees will become part of Prosperity’s Employee Purpose Plan, a broad employee ownership program. As an essential aspect of each Unity Partners’ investment, the Employee Purpose Plan allows qualifying employees to benefit from the company’s success.

“Prosperity Partners’ focus on caring for and listening to their clients and people really resonated with me,” said Strach. “I’m excited to put our combined expertise to work simplifying and improving our clients’ businesses and transactions as part of Prosperity.”

“We’re pleased that Prosperity is continuing its strong momentum with this acquisition,” added Peter Cozzi, Team Lead at Unity Partners. “ Pipaya’s expertise and culture of exceptional service are perfectly aligned with Prosperity’s goals and their addition expands our long-term growth opportunity.”

Citizens Capital Markets & Advisory served as exclusive financial advisor to Pipaya, and Miles & Stockbridge P.C. served as legal counsel. Kirkland & Ellis LLP served as legal advisor to Prosperity.

About Prosperity Partners

Prosperity Partners is a best-in-class, tax and accounting firm serving dynamic businesses, high net-worth individuals, and family offices throughout the United States. With offices in Chicago, Houston, Kansas City, Santa Barbara, Detroit, Washington D.C., and Burlington, and a growing team of talented professionals, Prosperity provides tax advisory, tax consulting, tax preparation, valuation, outsourced back-office accounting, fractional CFO, litigation support and start-up business services. For more information, visit prosperityllc.com.

About Unity Partners

Unity Partners is a principles-based private equity firm that partners investors and operators to build better together, measured by the economic surplus we create and share with all stakeholders. Our principles provide a foundation to build great people-based services and technology organizations that impact thousands of lives. We deploy our Partner & Propel strategy to identify opportunities to Partner with ambitious leaders to accelerate growth, unlock the benefits of platform scale through mergers and acquisitions and Propel value acceleration through investments in people, processes, and operational levers. For more information, visit unitypartnerslp.com.

About Pipaya

Pipaya, headquartered in Vienna, VA, is a transaction advisory firm serving privately held businesses in the aerospace, defense and government services industries. With a focus on developing talent and a solutions-oriented approach, the firm has developed long-term relationships with investors and M&A advisors across the country. Learn more at www.pipaya.com.

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