Source: Monica Zorn, RoseRyan It’s that time of year again. Remember last year, after the auditors came and went, when you promised yourself next year would go a lot smoother? Well, here we are, with an opportunity to set up all of your department’s information as organized and as clean as possible so that you […]
How to Prepare for Your Year-End Audit – Are You Ready? Read More »
Source: Richard Browne, Professor of Practice, UNCG Bryan School; CMO, ChiefOutsiders Many of us focus staff meetings on the burning operational issues of the day, or on reviewing operational dashboards with little discussions of the 3rd, 4th or 5th “why” for what’s behind average or lackluster performance. Jeff Bezos, when asked during his first meeting
5 Questions CEOs Should Ask to Drive Growth Read More »
Controller day@scalefinance.com Controller, Scale Finance—Serving as a fractional controller for multiple SF clients in the Triad region. Business Manager, Flatiron Construction Corp.—Performed and managed all accounting, financial and business related functions for joint venture heavy construction project including Fixed asset accounting and title work, EEO reporting, WIP schedules, payroll and accounts payable management, depreciation and
Accounting Manager, Scale Finance LLC yablon (at) scalefinance.com Accounting Manager—multiple Scale Finance client companies including BACE, Inc., Complete Audio & Video Solutions, Advantech Solutions, and others Corporate Controller, Wachs Services, Inc.—national specialized welding and machining company (primarily to the fossil and nuclear power generation industry). Responsible for all accounting activities and financial reporting of two
Senior Controller, Scale Finance LLC macminn@scalefinance.com Controller—multiple Scale Finance client companies including Northeast Textiles, Superior Bag Manufacturing, Armstrong Transport, and others North American Controller, Amiad USA—industrial and agricultural water filtration manufacturer—distribution to Asian, Middle Eastern and North American customers, multiple North American distribution locations Chief Financial Officer and Interim President, PEP Filters, Inc.—industrial and commercial
Family Care Partners is Formed as New Varsity Healthcare Partners Platform Company to Consolidate Primary Care Services Practices Across South Carolina Varsity Healthcare Partners (VHP), a healthcare services-focused private equity investment firm with offices in Los Angeles and Stamford, announced today that it has closed a growth capital investment in Colonial Family Practice, one of
Scale Finance Closes Growth Investment in Colonial Family Practice Read More »
Meridian-IQ, a highly innovative provider of online databases and technology to the financial services industry, closed a successful sale of its assets to Discovery Data (www.discoveryco.com). Scale Finance provided Controller and business valuation services to Meridian-IQ and advised on this complex transaction involving Discovery Data’s spinout from Ipre, LLC with financing by private equity group
Scale Finance Closes Sale of Meridian-IQ to Discovery Data Read More »
Pediatric Advanced Therapy (PAT) is an innovative and fast-growing provider of occupational, speech, and physical therapy services for children. Based in North Carolina, PAT is having an enormous impact on a rapidly increasing number of children and their families through highly differentiated services delivered by extremely skilled therapists. SF advised on a complex recapitalization of
Scale Finance Closes Financing for Pediatric Advanced Therapy LLC Read More »
Source: Ricky Pellitier, OpenView Partners Today’s media does an excellent job of covering “successful” fundings. As a result, there is often the misconception that getting investors to pony up a bunch of cash in exchange for upside is easy. In fact, for anyone not actively involved in a fundraising process it can often seem like
6 Alternatives to Venture Capital Funding Read More »
Source: Billy Fink, Axial Networks The private capital markets are notoriously opaque. Their tendency for confidentiality and less rigid regulatory standards make them particularly complex for the inexperienced. Although this opacity can be difficult — adding layers of convolution to deal sourcing and relationship management — it can also create lucrative opportunities, particularly in the
Multiple Arbitrage – What Does it Really Mean? 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.
