Scale Finance LLC announces the hiring of 13 new professionals during the second half of 2013 – Senior Controller Bill Easton , Senior Controller Craig Coss, Controller Maureen Little, Accounting Manager Mike Hoppe, Accounting Manager Amanda Jones, Accounting Manager Kate Duncan in the Triangle Controller Jim Wright and Accounting Manager Joe Council in Charlotte Controller […]
Scale Finance Growth Continues Read More »
Merrymeeting Group Partners with CPR Cell Phone Repair Merrymeeting Group and CPR Cell Phone Repair Franchise Systems, Inc. (www.cpr-stores.com) announced a company partnership on October 15, 2013. CPR Cell Phone Repair, the pioneer and fastest growing wireless technology franchise in the United States, formed a company partnership with Merrymeeting Group, a Cleveland-based firm with a
Scale Finance Advises on CPR Recapitalization Read More »
Meridian Zero Degrees LLC is an award-winning, kiosk manufacturer and software developer supporting the self-service industry. From concept to completion, Meridian specializes in the design, engineering, fabrication, assembly, integration, staging, deployments and support of self-service kiosks. Meridian designs turn-key solutions and specialized custom solutions for clients globally. Based in Aberdeen, North Carolina with a Self-Service
Scale Finance Closes Senior Debt Raise for Meridian Read More »
Inc. magazine recently ranked Scale Finance LLC #3,680 on its seventh annual Inc. 5000, an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. Scale Finance joins LivingSocial, Edible Arrangements, CDW and Lifelock, among other prominent brands featured on
Scale Finance Makes 2013 Inc. 5000 For Fast Growth Read More »
Raleigh-based fitness and nutrition programs company RivalHealth has raised $3 million to enhance its product offerings and expand its sales force. Fulcrum Equity Partners led the round of investment in the Raleigh company, with participation from WRD Capital and other unnamed investors. Scale Finance has provided part-time Controller Services to RivalHealth for over a year.
SF Client RivalHealth Completes $3 Million Equity Raise Read More »
Cell Phone Repair Franchise Systems, Inc., is the most widely known and respected brand in the cell phone and gadget repair industry. CPR® (www.cpr-stores.com) is the largest player in the industry with an anticipated 200 locations slated by the year 2013. Scale Finance provides CFO services for CPR and facilitated a senior debt bridge financing for
Scale Finance Closes Financing for Cell Phone Repair Franchise Systems Read More »
Wellness Corporate Solutions, LLC (WCS) is a state-of-the-art corporate wellness company committed to providing a variety of high-touch, comprehensive wellness programs with an emphasis on the health education, behavior change and well being of employees. Founded in 2004 and based in Cabin John, Maryland, WCS (www.wellnesscorporatesolutions.com) partners directly with employers or through partnerships or brokers,
Scale Finance Closes Financing for Wellness Corporate Solutions Read More »
May Heavy-Equip Rental & Sales is pleased to announce the recapitalization of May Heavy Equipment, LLC (“May-Heavy” or the “Company”) by VSTH Capital, LLC (“VSTH Capital”). The transaction closed July 23, 2013 and financial terms were not disclosed. The transaction with VSTH Capital, a Charlotte, NC-based merchant bank, provides significant equity capital to support May
SF Client May Heavy Equipment Closes Equity Recapitalization Read More »
Charlotte-based T1 Visions, Inc. (www.t1visions.com) is the early leader in interactive solutions using large format touchscreens for multi-user applications. The company’s proprietary products are currently solid directly to end-users and through furniture and fixture OEMs in a wide variety of settings. T1 Visions is growing rapidly with strong interest in their products across multiple vertical
SF Closes Follow-on Venture Financings for T1 Visions, Inc. and Yodil, Inc Read More »
Trident Capital LLC (dba Trident Marketing) is a leading Sales, Marketing, and Technology company focused on customer generation for major brands across the United States. The Trident’s marketing expertise spans traditional media, online & mobile, generating thousands of calls each day. Trident relies on deep quantitative predictive analytics, which allows detailed tracking, analysis &
Scale Finance Closes $6.5M Capital Raise for Trident Marketing 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.
