Accounting Manager hoppe@scalefinance.com Multiple accounting manager assignments, Scale Finance LLC focusing on private companies and non-profit organizations in variety of industries – CRO, Software, Media, Real Estate Development, non-profit charity. Owner,Cameron Business Services, Wake Forest, NC –Providing bookkeeping, accounting, consulting for small to medium companies as well as tax preparation for individual and corporate […]
Indiana-based Company Acquires Pacific Sleep Medicine Services, Inc. and Sleepwell Partners, LLC CARMEL, Ind.–(BUSINESS WIRE)–Dormir, Inc. an integrated provider of sleep diagnostic services, sleep therapy, and equipment to patients and their physicians (and Scale Finance client), announced today the acquisition of PACIFIC SLEEP MEDICINE SERVICES, INC. and SLEEPWELL PARTNERS, LLC, from AVASTRA USA, INC., a
Dormir Acquires Pacific Sleep Medicine Services, Inc. & Sleepwell Partners, LLC Read More »
Scale Finance LLC is pleased to announce another milestone – the firm now actively serves over 50 clients. This follows a surge in new client commitments in the last couple of weeks. Managing Director, Dave Gilroy, commented, “We’ve been fortunate in an extremely challenging economic environment. Our value proposition of helping entrepreneurs make the most
Scale Finance Now Serving Over 50 Clients Read More »
TechJournal South – November 6, 2009 RALEIGH, NC – The Internet Summit 09 (sponsored by Scale Finance) drew a sold-out 1,200 people to the Raleigh, NC Convention Center on November 4th and 5th to hear a wealth of detailed information, tips and insights into everything from social media and blogging to protecting your reputation online
Internet Summit (sponsored by Scale Finance) Draws Record Audience Read More »
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
Scale Finance Expands in Triad Read More »
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
Scale Finance Expands Further in Triangle – Raleigh/Durham Read More »
Scale Finance LLC announces the successful closing of $12 million in growth equity for Dormir LLC, the parent company of MD Sleep (www.md-sleep.com) and CardioSom (www.cardiosom.com). Scale Finance Managing Director, Dave Gilroy, provided exclusive advisory support end-to-end through this capital raise process. An initial $8 million equity financing was followed by $4 million in additional
Scale Finance Closes $4.0 million Follow-on Growth Equity Raise for Dormir, Inc. Read More »
Scale Finance LLC announces the successful closing of $5 million in senior venture debt for US HIFU LLC (www.internationalhifu.com), a privately held healthcare company focused on treating primary and recurrent prostate cancer using HIFU (High Intensity Focused Ultrasound), a minimally invasive outpatient procedure which significantly improves patients’ quality of life. US HIFU was founded in
Scale Finance Closes $5.0 million Financing for US HIFU, LLC Read More »
Scale Finance LLC announces the successful closing of $12 million in growth equity for Dormir LLC, the parent company of MD Sleep (www.md-sleep.com) and CardioSom (www.cardiosom.com). Scale Finance Managing Director, Dave Gilroy, provided exclusive advisory support end-to-end through this capital raise process. An initial $8 million equity financing was followed by $4 million in additional
Scale Finance Closes $8.0 million Venture Capital Raise for Dormir, Inc. Read More »
Scale Finance announced today that its client Meridian Kiosks LLC, a leading manufacturer of kiosks to the North American Market, entered into a definitive agreement to purchase the assets of King Products and Solutions, Inc (KPSI), of Toronto Canada. KPSI is the oldest kiosk manufacturer in the world, providing signage solutions since 1946, including the
Scale Finance Closes Sale of King Products & Solutions to Meridian Kiosks – Aberdeen, NC 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.
