DSWD (DeMarco Sciaccotta Wilkens & Dunleavy), a CPA and advisory firm with offices in Chicago and Frankfort, IL, announced on Oct. 9 that it has received an investment from 119th Street Capital, a Merrillville, IN-based family office that exclusively invests in privately owned financial services firms.
The amount of the investment wasn’t disclosed.
DSWD said the investment will provide the accounting and advisory firm with additional resources to expand its team, strengthen its client service capabilities, and pursue opportunities for growth through strategic acquisitions and partnerships while maintaining the culture that has defined the firm since its founding in 2009.
With the completion of the investment, DSWD LLP and DSWD Advisory Group will operate in an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable laws, regulations, and professional standards. DSWD Advisory Group provides tax, accounting, business advisory, and other non-attest services and is not a licensed CPA firm, although it may employ CPAs. DSWD LLP, a licensed CPA firm, provides attest and assurance services.
“Our partnership with 119th is a significant milestone for our firm and one for which we are immensely proud,” John Sciaccotta, managing member of DSWD Advisory Group, said in a statement. “119th shares our belief that building strong relationships and maintaining a people-first culture drives long-term meaningful success. Together, we will continue to grow, not just for the benefit of our clients, but also for our current and future team members who will be instrumental in continuing DSWD’s success far into the future.”
As a wholly owned subsidiary of First Bancshares Inc., 119th’s financial services roots span more than 130 years and five generations of the Schrage family. The firm says it takes a long-term, relationship-driven approach to partnerships, emphasizing cultural alignment, value-driven growth, and sustainable expansion.
“DSWD is exactly the type of firm we are excited to invest in—one that combines strong leadership, clear strategic vision, and a deep commitment to its people, clients, and culture,” said Anthony Contrucci, managing partner of 119th Street Capital. “We are thrilled to be able to support their next chapter of growth and to partner with a team that is so aligned with our values and long-term perspective.”
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