NDH acquires Houston-based Jain & Jain

02 February 2024 Consulting.us 2 min. read

NDH Advisors LLC, a private equity-backed accounting and consulting firm, has acquired Jain & Jain P.C., a Houston-based tax and accounting firm.

Founded in 1986 by Mike and Rajni Jain, the boutique firm provides tax and outsourced accounting services to high-net-worth individuals (HNWIs), closely-held businesses, and family offices. The acquired firm has 12 employees, according to its website, and primarily serves clients in Texas, Kansas, Utah, and Florida.

The Jain & Jain deal is the second bolt-on since NDH was acquired by Unity Partners in March 2023. NDH in November added Stratus Group, a Kansas-based accountancy.

Mike and Rajni Jain, along with all their team members, will join NDH’s employee ownership program – which was formed as part of Unity Partners’ investment. The Houston-based private equity firm institutes employee ownership plans as an essential part of its transactions. 

“This transaction complements NDH’s core service offering and allows us to add talented professionals to our growing team,” said Jeremy Dubow, CEO and co-founder of NDH. “Mike and Rajni are passionate and experienced business owners with values that align with ours. As well-respected leaders and best-in-class advisors, they will help NDH expand its business in Texas and the surrounding states.”

NDH acquires Houston-based Jain & Jain

NDH was founded in 2003 and has 32 employees, according to its website. The Chicago-based firm provides tax consulting, tax preparation, outsourced accounting, fractional CFO, and startup business services to business, HNWIs, and family offices.

NDH has additional offices in Leawood, KS and Philadelphia.

“With strong alignment on growth ambitions, the Unity team quickly realized the opportunity to partner Jain & Jain with NDH to further execute our Partner & Propel strategy,” said Peter Cozzi, team lead at Unity Partners. “We believe the addition of Jain & Jain to the NDH platform is a great opportunity to leverage NDH’s resources and expertise to help an already successful business offer an even better experience to its clients and employees.”

Unity Partners was formed in 2022 and targets US companies with $1 million to $20 million in Ebitda and an Ebitda margin of 15%+. The firm’s other portfolio companies are Poolie, a pool services and repairs company, and Tropolis, an insurance broker.