Platform Accounting added AWG Wine Advisors; Earned acquired Schwartz & Schwartz; Prosperity Partners acquired Pipaya; and Gail Rosen joined RRBB.
M&A roundup: Platform, Earned, Prosperity and RRBB expand
August 5, 2025 2:26 PM
Platform adds AWG Wine Advisors
AWG Wine Advisors offers accounting, bookkeeping, tax planning and preparation services, focusing on the winery industry. It also offers full-service, outsourced controller or fractional CFO services, along with managing wine inventory and bulk wine cost accounting. The midsized firm has a 14-person team, and Platform has nearly 1,000 employees across 16 states.
"Our success stems from a passion for the industry, and in supporting wineries in reaching their goals," said Allen Wine Group managing partner Timothy Allen in a statement. "Joining Platform means bringing our unique expertise to their portfolio as well as being able to expand the services and resources we offer our clients."
Platform, based in Holladay, Utah, invests in and acquires smaller accounting firms, frequently rebranding them. Last month, the private equity-funded firm added
Earned acquires Schwartz & Schwartz
Courtesy of Earned Wealth
The acquisition expands Earned to the East Coast, starting with the greater Boston area. With more than 8,000 clients and $2.3 billion in assets under management, Earned has been expanding rapidly.
"This marks a major step forward in Earned's national expansion strategy and underscores the power of our integrated model," said Earned founder and CEO John Clendening in a statement. "With more than 8,000 health care professionals and practices now under our care, we're growing rapidly by combining best-in-class firms under one single, specialized brand. Schwartz & Schwartz strengthens our East Coast presence and builds on our strong track record of attracting healthcare-focused advisors."
Financial terms of the deal were not disclosed. Earned has 155 employees and Schwartz & Schwartz will bring over 32 employees.
Earned integrates wealth management, tax preparation and planning, retirement plans, accounting, payroll, and practice-specific financial guidance, designed specifically for health care professionals including physicians, dentists, behavioral health therapists and veterinarians.
"Earned is aligned with our long-standing mission of providing superior financial services and client support to health care providers and practice owners so they can spend more time caring for their patients," said Andrew Schwartz of Schwartz & Schwartz, in a statement. "We've spent more than three decades helping our clients succeed, and now we'll be able to offer an even broader suite of services and advice to the physicians, dentists and behavioral health practitioners we serve."
Earned has been growing rapidly since securing a $200 million investment last year led by growth equity investors Summit Partners and Silversmith Capital Partners with participation from existing investors Juxtapose, Hudson Structured Capital Management, and Breyer Capital. The acquisition of Schwartz & Schwartz marks the company's third in the past year, following the addition of
Prosperity Partners acquires Pipaya
Courtesy of Prosperity Partners
Financial terms of the deal were not disclosed and revenue figures were not disclosed. Prosperity has 23 partners and 115 other staff. Pipaya has four partners and 19 other staff members.
Founded by Adam Strach 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 founders, 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.
"I'm thrilled to add the Pipaya team to our growing firm," said Prosperity CEO and co-founder Jeremy Dubow in a statement. "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."
All Pipaya employees will become part of Prosperity's Employee Purpose Plan, a broad employee ownership program.
"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 PC served as legal counsel. Kirkland & Ellis LLP served as legal advisor to Prosperity.
In June, Prosperity Partners expanded to Vermont by adding
Gail Rosen joins RRBB
"This integration represents a meaningful opportunity for our team and clients — and it also opens exciting possibilities for our professional network and the partners we collaborate with, like you," Rosen wrote in an email to clients. "While we will now operate under the RRBB umbrella, our team and office location will remain the same. I want to assure you that I remain fully active and engaged in the business."
Rosen had earlier
RRBB ranked No. 2 on Accounting Today's Regional Leaders list for the Mid-Atlantic Region, with $37.57 million in annual revenue, approximately 26 partners and over 100 employees. It is also a member of the Crete Professionals Alliance, a national network of accounting firms.
