(Charlotte, NC) Fuzion Investment Capital, the parent company of ZX Fitness, announced it has added a new equity partner Allstate Financial Group. Allstate has invested into ZX Fitness to ensure the continued growth of the fitness centers. ZX Fitness has also named Ron Poliseno the new president of the company to oversee the day-to-day operational […]
SF Client ZX Fitness Closes Equity Investment Read More »
…winners of NCSEA (North Carolina Sustainable Energy Association) 2010 Business Leadership Award! 2010 Business Leadership Award– Presented to Argand Energy Solutions of Charlotte for its efforts to advance sustainable energy through engagement in public education, community service and public policy in North Carolina. The son of a solar installer, Erik Lensch, Chris Salmon and the
SF Client Argand Wins Energy Sustainability Award Read More »
Captiva Restaurant Group (CRG), which owns and operates the regional chain of award-winning 131 Main restaurants, announced the successful opening of a new concept “Fresh Food Fast” restaurant called “PDQ”. PDQ’s first location is in Tega Cay just south of Charlotte, NC. CRG closed on $1.4M in equity and senior debt, with forextrading.company, and opened
SF Client Captiva Raises $1.4M and Opens PDQ Read More »
GeoDigital International (GDI) and Airborne 1 Corporation (A1) have agreed to the acquisition of Airborne 1 by GDI. GeoDigital is a world leader in LiDAR & Imaging technology for engineering surveys and right-of-way corridor mapping for the electric utility, pipeline, telecommunication, highway, rail, and other industries. The acquisition of Airborne 1 creates the Largest Full-Spectrum
Scale Finance Advises GeoDigital International on Acquisition of Airborne 1 Corporation Read More »
GeoDigital International (GDI) and Airborne 1 Corporation (A1) have agreed to the acquisition of Airborne 1 by GDI. GeoDigital is a world leader in LiDAR & Imaging technology for engineering surveys and right-of-way corridor mapping for the electric utility, pipeline, telecommunication, highway, rail, and other industries. The acquisition of Airborne 1 creates the Largest Full-Spectrum
Scale Finance Expands Charlotte Team – Charlotte Read More »
StatSheet, a first-in-class sports media company delivering online data visualization and automated publishing capabilities, has secured 1.3 million in its first round of venture capital funding, led by Valhalla Partners. IDEA Fund Partners, and several other prominent investors also participated in the round. Valhalla General Partner Scott Frederick and Atlanta entrepreneur and former Turner Broadcasting
SF Client StatSheet Closes $1.3M Venture Financing Read More »
Venture capital can for the growth of a company and venture capital firms are looking for opportunities with the right companies in key industries. Is your company ready for venture capital? Is venture capital right for your company? At the Business Leader Breakfast, July 15th , 7:30 AM at Events at Newton Square, Raleigh we’ll
Managing Director Gary Hayes on Venture Capital Panel – Raleigh Read More »
June 20, 2010 F-Origin Inc., a highly innovative provider of unique touch screen solutions for large screen sizes based on its zTouch forse based technology recently closed a Seried D financing of $725,000. The new money was raised primarily from exsiting investors. This new funding supports the Company’s aggressive efforts to push its differentiated solutions
SF Client F-Origin Closes $725K Follow-on Financing Read More »
June 14th, 2010 DURHAM, NC – Kryosphere, a company providing cold storage of biomaterials and management of clinical trial samples, is closing a debt and equity financing of more than $750,000 from new and existing angel investors and KeySource Commercial Bank of Durham. “The financing came together quickly and we were thrilled at the level
SF Client Kryosphere Closes $750K Growth Financing Read More »
Charlotte and Raleigh-based Scale Finance LLC reports the addition of 25 new clients in the last few months. The firm of 23 veteran finance and accounting professionals provides flexible, part-time CFO/Controller services and support in raising capital and executing M&A transactions. American Forests, Organic Bouquet, Lusive Décor, MoveableCode, VitalTrax, SageServer IT, Barbour Consulting, Professional Fitness,
Scale Finance Welcomes 25 New Clients Read More »
Graf Research™ unleashes innovation by developing ideas into disruptive technologies. The Graf mission aims to perform research, provide services, apply analytics, and create products that enable secure, high-performance, embedded, and adaptive computing solutions.
When the Director of Finance for Graf was leaving the company, Graf needed an experienced financial team to get them through the transition. Managing Director Gary Hayes was introduced to Graf and determined that CFO Rendy Richards and Controller John Schefke would be an ideal combination. These two were particularly important because Graf is a U.S. Government contractor, and both Richards and Schefke have strong backgrounds and deep skill sets in this industry.
The two Scale Finance professionals quickly responded to Graf’s time-sensitive need, logically split up the work, learned the DELTEK version used by Graf, introduced more efficient processes and techniques, and helped meet their financial reporting needs. Our professionals also determined that the Senior Staff Accountant was underutilized and helped her grow into a permanent, cost-effective Controller role.
FX HedgePool (FXHP)
FX HedgePool (FXHP) is a New York and London-based highly innovative fintech company. FXHP is an award-winning peer-to-peer matching platform that optimizes the FX swaps market. The Company eliminates market impact and minimizes the effects of volatility – significantly improving outcomes for all investors.
FXHP’s unique credit model separates liquidity from credit, creating a new source of safe and dependable liquidity for the swaps market. The Company exists for the community, guided by the community with a “win-win-win” commitment that helps members, underlying investors, and banks yield safer and better results.
Scale Finance began serving FXHP years ago, providing annual business valuations to support 409A compliance for the Company’s management incentive equity plan. During this period, Scale Finance Managing Director Dave Gilroy advised FXHP about potential strategic corporate transactions. In 2022, the Company decided to raise institutional venture capital. Scale Finance managed this process from end to end, resulting in a highly successful closing of an $8 million Series A equity financing led by Information Venture Partners with participation from Fidelity International Strategic Ventures and NAventures (National Bank of Canada’s corporate venture capital arm).
Scale Finance continues to provide periodic business valuation support.
Heritage Trust
As the first independent trust company in New Mexico, established in 1994, Heritage Trust (HT) uses innovation, experience, and flexibility to meet clients’ needs. HT provides a full range of trust services, e.g., acting as their client fiduciary for their Trust assets, being an executor or personal representative related to the distribution of estate assets, managing and growing financial assets, and preparing annual tax returns for trusted clients.
Co-Founder and Managing Director of Scale Finance Gary Hayes has been providing CFO and managing Controller support since February 2021. We have streamlined their monthly and year-end close process and established budget/forecast capability to support management. Their business has grown over 40% since Scale Finance has been involved with the company’s financial management. Gary has also participated in Board Meetings as and when needed.
Southland Transportation Company
Southland Transportation provides transport, supply chain, and campus management services on a local, regional, and nationwide basis. When Southland contacted Scale Finance, they had a strong accounting staff but no Controller or CFO. After an unsuccessful search for a full-time CFO, Southland engaged CFO and Partner Rendy Richards as their fractional CFO.
Over 18 months, Richards helped integrate a new acquisition, made improvements in accounting and finance processes, developed the company’s first-ever annual budget, helped with the onboarding of a new Controller, and provided business valuations in conjunction with Scale Finance’s Managing Director, Dave Gilroy.
For over six decades, Cooper Electrical has served a wide range of industrial, commercial, and municipal customers across the Southeast, providing best-in-class Electrical Design/Build, BIM, Prefabrication, Instrumentation & Controls, and Calibration services. Cooper’s expertise spans multiple major markets, including bio-pharmaceutical, chemical, water & wastewater, power generation, manufacturing, gas production & transmission, and food & beverage.
When Cooper’s CFO left the company for another opportunity, the owners engaged Rendy Richards as interim CFO while they searched for a full-time replacement. On a half-time basis over eight months, Richards kept the company’s financial organization humming, made improvements in several business processes, initiated a detailed financial forecast, and met with the owners to share his observations and recommendations on the most feasible way to staff their finance and accounting department cost-effectively.
SymmetryRX, LLC
SymmetryRX is a leading provider of eSampling services allowing Pharma Manufacturing companies to access physician practices for the ordering and distribution of drug samples across the US. The Company was acquired in November 2018 from Aptus Health, a wholly-owned subsidiary of Merck. Since then, the company has expanded its robust suite of services that provides pharma manufacturing executives, brand managers, sales managers, product managers, and launch managers the ability to help more patients have greater access to samples, improving medication adherence and healthcare outcomes.
Co-Founder and Managing Director of Scale Finance Gary Hayes has been providing CFO Services to the Company since 2018 and was integral in the acquisition process, facilitated initial financing to support the company with a 7A SBA loan package of $600 thousand and an SBA-backed $300 thousand LOC. Since then, Gary has been actively providing CFO support across financial reporting, budgeting, forecasting, cash planning, and strategic planning.
