CFO & Director creatore@scalefinance.com Director of Finance, Americas,The Futures Company, Chapel Hill, NC—Division of WPP, plc [NASDAQ : WPP.gy], the world’s largest advertising and market research firm by revenue [2013 : $18 billion USD] Senior Manager, Global Financial Planning—Duke University, Durham, NC; Working within the Office of Global Strategy, oversaw budgeting, financial reporting, tax and […]
Senior Controller & Valuation Specialist mcclenny@scalefinance.com Senior Accountant, Davenport, Marvin, Joyce & Co., LLP—regional public accounting, reporting and financial planning firm Controller, Nardi America, Inc.—diversified multinational based in Italy Controller, Greensboro Hilton, Greensboro, NC—global hospitality corporation Controller, Cabinet Worx, Greensboro, NC—regional provider of custom kitchen and bath cabinets and granite countertops Controller, Mitchell-Dixon Office Supply
Controller hirsch@scalefinance.com Controller, Scale Finance LLC—Provide controller level support to small businesses within the non-profit, life science and other industries located in the broader Triangle market of North Carolina. Corporate Controller, MG Engineering DPC, New York, New York—Supervise, direct and support an Accounting Department with 5 direct reports. Responsible for financial management functions including the
With the financial advisory support of Scale Finance LLC, RANDA Solutions, Inc. (www.randasolutions.com) has closed an institutional growth capital transaction through Fulton Bank, the lead banking subsidiary of Fulton Financial Corporation. RANDA is a leading Education Technology provider and INC. 5000 software firm founded in 2004. Education is burdened with old problems, new mandates, and
SF Closes $5 Million Growth Financing for RANDA Solutions Read More »
ANNUAL VENTURE CAPITAL INVESTMENT TOPS $48 BILLION IN 2014 REACHING HIGHEST LEVEL IN OVER A DECADE Software and Internet-Specific Companies Continue to Dominate Investment Dollars Venture capitalists invested $48.3 billion in 4,356 deals in 2014, an increase of 61 percent in dollars and a 4 percent increase in deals over the prior year, according to
Venture Capital Industry Update – 2014 Read More »
Source Marc Prosser | Marc Waring Ventures In May 2013, Google invested $100 million in super-hot peer-to-peer (“P2P”) lending company, Lending Club, because of its potential to become a major player in the small business finance space. Less than a year later, Lending Club released to major fanfare its small business loan product. Lending Club is
The Changing World of Small Company Loans Read More »
Source: Federal National Commercial Credit blog Most small business lenders, whether they are banks, asset based lenders, or invoice factors, require some form of personal guaranty from the owners and/or executives of the borrowing company. I find it is one of the most common new borrower objections. But it is surprising how many borrowers misunderstand
Personal Guarantees – When Necessary and How to Manage Read More »
Source: Bank of America, Merrill Lynch CFOs believe the U.S. economy is at its highest level since the 2008 recession and anticipate growth in their sales, workforce and companies in 2015, according to the Bank of America Merrill Lynch 2015 CFO Outlook survey results released today. In the survey of 603 financial executives with annual
CFO Outlook for 2015 Read More »
CHEAP CYCLE PARTS® AND COMPETITION ACCESSORIES® ANNOUNCE MERGER OF OPERATIONS Seen as tremendous benefit for 250,000+ customers CLARKSVILLE, IN – TWO OF THE USA’S LEADING MOTORCYCLE RELATED E-COMMERCE SITES ANNOUNCED TODAY THE COMPLETION OF A MERGER OF OPERATIONS EFFECTIVE IMMEDIATELY. Scale Finance provided advisory support in managing the merger process end-to-end. Founded in 2006, CheapCycleParts.com
SF Advises on Merger of Competition Accessories and Cheap Cycle Parts Read More »
Controller & Business Valuations 336.209.4537 mcclenny@scalefinance.com
Douglas E. McClenny 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.
