Scale Finance Expands in Triad

Scale Finance LLC announces its expansion in the Triad – Rendell Richards, a veteran CFO and owner of CFO Options, LLC, has joined forces with Scale Finance to lead the Triad team. Rendell’s consulting practice is a perfect complement to the Scale Finance model and his client base and network will help grow Scale’s presence in the Triad. Both Scale Finance and CFO Options provide professional CFO services as well as support client companies with raising growth capital and other major transactions (e.g., M&A, recapitalizations).

Highlights of Rendell’s background include:

  • President & CFO, CFO Options, LLC – Provider of part-time and interim CFO services to multiple clients in North Carolina
  • Chief Financial Officer, SourceHorizon, Inc. (part-time since 2004) – E-commerce developer of online marketplace for manufacturing services
  • Director of Finance, CB Richard Ellis, Charlotte – Global leader in commercial real estate services
  • Global Operations Controller, Tyco Electronics – World’s largest manufacturer of electrical connectors
  • Community service – Leadership positions in several non-profits; active in entrepreneurial, educational and community organizations

Rendell further comments, “When I considered joining forces with a larger firm I researched a number of regional and national companies. Scale Finance has a strong regional presence and reputation, but what sets them apart from other fractional CFO/Controller providers is their ability to execute securities transactions. A business owner who wants to raise capital or effect a merger/acquisition can find world–class capabilities within Scale Finance.”

Raleigh-based Managing Director Gary Hayes comments, “The addition of Rendell Richards to the Scale Finance team continues our plan to provide outstanding CFO & Controller level support to our more than 40 active clients across the state and enhances our ability to further penetrate the Triad market. Rendell, along with Tim Sheehan based in Winston Salem, will allow Scale Finance to aggressively grow our presence in this key market. Our continuing success is driven by our proven ability to reduce costs while increasing the overall effectiveness of our client’s finance and accounting departments. Superior service, tangible cost savings to clients and our unique ability to raise institutional growth equity, subordinate debt, or asset-based loans are driving the growth of Scale Finance – we help companies scale their business despite these tough conditions.”

About Scale Finance
Scale Finance LLC (scalefinance.local) provides professional CFO services, Controller solutions, and support in raising capital, or executing other transactions, to growth companies. The firm specializes in costeffective financial reporting, budgeting and forecasting, implementing controls, other financial management, etc, and provides strategic help for companies raising growth capital or considering M&A/recapitalization opportunities. Most of the firm’s clients are fast-growing technology, healthcare, business services, consumer, and industrial companies that are at various stages of development from start-up to tens of millions in annual revenue. Scale Finance LLC has offices in Raleigh/Durham, Charlotte, and Winston-Salem, a team of more than 20 professionals, and serves more than 45 companies throughout the region.