Prosperity Partners (“Prosperity”), a Chicago-headquartered tax, client accounting, and transaction advisory services business backed by Lightyear Capital (“Lightyear”), announced today that it has completed the acquisition of Fabietti, Hale, Hammerstedt & Powers, PA (“FHHP”). Terms of the private transaction were not disclosed.

Founded in 1959, FHHP is a full-service business advisory and accounting firm serving family-owned and closely held enterprises, individuals, trusts, estates, and other organizations throughout southern New Jersey and the greater Philadelphia area. The firm provides advisory, tax, client accounting, and attest services, with an approach grounded in accountability, personal interaction, and enduring client relationships.

The acquisition represents an important step in Prosperity’s strategy to expand its national platform through partnerships with exceptional firms that share its commitment to client service, investment in people, and sophisticated advisory capabilities. FHHP’s addition establishes Prosperity’s presence in the greater Philadelphia market and expands the combined firm’s ability to support family-owned and closely held businesses across a broader range of tax, accounting, financial, and strategic needs. FHHP’s clients will benefit from the resources and capabilities of Prosperity’s national platform while continuing to receive the responsive, relationship-driven service that has defined FHHP throughout its history.

“We are thrilled to welcome FHHP’s talented team and clients to Prosperity,” said Jeremy Dubow, CEO and co-founder of Prosperity. “FHHP has earned an outstanding reputation as a trusted, long-term advisor by developing deep relationships and consistently delivering exceptional service. Its client-first culture and commitment to its people align closely with Prosperity’s values. Together, we will build on those strengths by providing clients with access to a broader range of specialized capabilities, additional service capacity, and continued investment in technology and talent.”

Consistent with Prosperity’s people-first culture, the FHHP team will participate in Prosperity’s Employee Purpose Plan, a broad-based employee ownership program. The program enables qualifying employees across all roles to share in the company’s success and represents an important component of Prosperity’s strategy to invest in and reward talented professionals.

“Prosperity’s history of growth through successful client outcomes and investment in people reflects the same principles that have guided FHHP throughout its history,” said James Hammerstedt, CPA, CEO and managing partner of FHHP. “Joining a fully integrated firm gives our professionals access to broader capabilities, technology, and resources that will strengthen how we serve our clients. Just as importantly, Prosperity shares our belief that long-term success begins with investing in people. Through the Employee Purpose Plan, our team will have the opportunity to participate directly in the future success of the combined business.”

The acquisition advances Prosperity’s next stage of growth following its strategic partnership with Lightyear. The partnership is intended to support continued investment in talent, technology, capabilities, and strategic acquisitions that strengthen Prosperity’s service to clients.

About Prosperity Partners

Prosperity Partners is a best-in-class tax, accounting, and transaction advisory firm serving dynamic businesses, high-net-worth individuals, and family offices throughout the United States. With offices in Chicago, New York City, Iselin, 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, transaction advisory, fractional CFO, litigation support, and start-up business services. For more information, please visit prosperityllc.com.

About Lightyear Capital

Lightyear Capital is a New York-based private equity firm that partners with growing companies at the nexus of financial services and technology, healthcare, and business services. For over 25 years, Lightyear has worked closely with management teams and leveraged its industry expertise, network of advisors, and operating resources to help accelerate growth and build market-leading businesses. Lightyear has significant experience across fintech, insurance, brokerage, healthcare, payments and technology-enabled services. As of December 31, 2025, the firm had assets under management of approximately $8.1 billion. For more information, please visit www.lycap.com.

About FHHP

FHHP is a full-service business advisory and accounting firm serving clients in southern New Jersey and the greater Philadelphia area. Founded in 1959, FHHP has built a reputation as a leading strategic finance partner for family-owned and closely held enterprises by delivering services beyond the scope of traditional accounting firms and by assisting in compliance, operational, financial, and strategic matters. FHHP’s approach is marked by frequent in-person client interactions and has offices in Egg Harbor Township, NJ and Cape May Court House, NJ. For more information, please visit www.fhhpcpa.com.

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