Source: Robin Riddell, Alyssa Riddle and George Gaprindashvili Venture investing is risky. That’s why VCs are experts at building downside protections into their deals to limit their chances of losing money if an investment declines in value. It’s important to understand these protections, how they are structured and what they mean. Below, we break down four […]
4 Major Term Sheet Provisions that Protect VCs’ Interests Read More »
Ncontracts Combines with TRUPOINT Partners to Bring Comprehensive Suite of Risk Management Solutions to Financial Institutions “We are thrilled to add these great TRUPOINT customers and employees to the Ncontracts family. The team at TRUPOINT has built a strong reputation as an innovative leader in lending compliance solutions, which includes fair lending, CRA, and HMDA,”
SF Client TruPoint Partners Acquired by Ncontracts Read More »
CFO & Transaction Advisor preston@scalefinance.com Managing Director, Scale Finance LLC (2018 – current)—professional CFO/Controller and transaction Advisory Services with 25+ years experience assisting C-level teams with growth, operational, and strategic concerns Managing Director, Red Pelican Ventures, LLC—Founder/Operator delivering financial services to companies in transition (high growth, corporate sale, bankruptcy, turnaround) to help focus their direction
Lexington, NC based Alpha Waste Industries LLC (www.alphawasteindustries.com) has been providing regional waste disposal services in six counties in the Piedmont Triad area since 2011. Alpha Waste Industries (AWI) offers waste management services including: Roll-off dumpster services on a temporary or permanent basis Front load dumpster services on a temporary or permanent basis Compactor services
Scale Finance Advises on Debt Financing for Alpha Waste Industries, Inc. Read More »
Travel Resorts of America (www.travelresorts.com) is pleased to announce the closing of a $7.0 million loan for its North Carolina Sycamore Lodge location through First Bank. The loan will be used to refinance the existing loan on the resort, as well as provide capital to the business for capital improvements throughout the company’s nine luxury
Scale Finance Closes $7M Senior Debt for Travel Resorts of America Read More »
Source: Kalen Smith, SSM Partners We speak a lot at SSM about “providing value” to our management teams. I’ve written in the past about where that typically is – at a strategic level: largely on people, process and exit. But we also think that tactically, it’s our duty to add value in the board room,
Collaboration Versus Complacency in the Board Room Read More »
Source: Richard Wilson, The Family Offices Group Family offices receive an overwhelming number of requests from fund managers and companies to review their investment opportunity and consider making an investment. While evaluation processes vary, here are five key steps many use to conduct an initial review. This is not the complete process (there are usually many
How Family Offices Review Potential Investments Read More »
Source: Axial Networks The value a CFO brings to a mid-sized company is well understood. At a high level, the CFO manages a company’s financial affairs, allowing the CEO to focus on day-to-day operations. But what does this broad definition mean when a company is cycling through a transaction process? For companies who are selling,
The Role of a CFO in Mergers & Acquisitions Read More »
Source: Bizactions A recent U.S. Tax Court decision drives home the important point that current deductions aren’t allowed for most expenses incurred while a new business is still in the start-up phase. Other decisions have dealt with the same issue in recent years. So, the proper federal income tax treatment of start-up expenses remains an
Startup Expenses – What Exactly is Deductible Read More »
CFO & Director weisbrod (at) scalefinance.com Chief Financial Officer, Scale Finance—miscellaneous SF clients including A. Shawn Group, RGXC, Galway Company, and others Chief Financial Officer – Healthy Back Store, LLC (2011- 2018)—20+ location and approximately $30M per year revenue retail chain. Managed all accounting and financial operations functions, budgeting/forecasting, financial planning and analysis, merchandise purchasing
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.
