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Breaking Barriers: The Role of Private Equity in a Mid-Sized Accounting Firm

How Private Equity Can Spur Accounting Firm Growth
In the latest episode of Accounting ARC, host Donny Shimamoto, CPA.CITP, CGMA, sits down with Jeremy Dubow, CPA, MST, CEO and co-founder of Prosperity Partners, to discuss innovation in accounting. With a firm that’s private equity-backed, Dubow provides a fresh perspective on growth, client services, and employee-centric culture.
A Non-Traditional Firm with a Mission
Prosperity Partners stands apart as a mid-sized accounting firm with a focus on client accounting services, tax advisory, and specialized projects like M&A structuring, litigation support, and valuation. Dubow attributes the firm’s success to its private equity backing, which has allowed them to invest in technology, automation, and AI.
“We’re not your traditional accounting firm,” Dubow shares. “We focus on being transformative—leveraging technology and innovative processes to enhance our services.”
Private Equity: Friend, Not Foe
Contrary to the stereotype of private equity’s cost-cutting focus, Dubow emphasizes its transformative potential. “Private equity in accounting enables investments that traditional partnerships often resist,” he explains. Prosperity Partners has used private equity to expand its capabilities and maintain a people-first culture.
A Culture That Stands Out
Employee retention is a top priority at Prosperity Partners. Dubow describes their approach: “We’ve created an environment where professionals thrive, trust their peers, and feel valued.”
Advice for Aspiring Accountants
Dubow’s advice to students? Embrace versatility. “Being a generalist—or a ‘versatilist,’ as Shimamoto calls it—enables accountants to tackle diverse challenges and provide comprehensive solutions,” he says.
Catch the full episode to explore Dubow’s insights into accounting’s future and how innovative firms like Prosperity Partners are setting new standards. Watch now.
Want to learn more about P.E.? Check out M&A, PE, or Independence? Chart Your CPA Firm’s Future in 2025!
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