Scale Finance Growth Continues – July 2014
Scale Finance continues to expand its professional team across its markets. In the first half of 2014 the Company added in Charlotte, CFO’s Tom Murphyand Ellen Sondee, and Controller Julie Starr. In the Triangle the Company added CFO’s Earl McClanahan and Dave Fouts along with Accounting Managers Alisa Nix and Lisa Maida. In the Triad and Pinehurst markets we added Controllers Paula Fong and Christy Tucker. Lastly the Company announces its first professional resource in Atlanta, Toni Babb who will be a CFO & Director for Scale Finance. Our total team now consists of 45 finance professionals.
“Scale Finance has been looking to enter the Atlanta market and feels that Toni Babb will bring her outstanding track record of CFO-level experience with entrepreneurial companies along with a strong commitment to growing our presence in this key market” according to COO & Managing Director Gary Hayes. Hayes also commented that “the value we add is common sense; many small companies need hands-on, highly experienced financial management support at an affordable cost. After 8 years, we continue to see steady growth in our client base, professional ranks, and the scope of our practice. Valuation services (e.g. 409a, ASC 805, transaction support valuations) are growing steadily, for instance, and we are thankful for expanded referrals from lawyers, CPA firms and commercial banks. Bank-ready financial reporting, shrewd working capital management, intense scrutiny of cost, realistic forecasts, insightful performance analysis, and pristine control are more critical than ever, and our low-cost, fractional use solutions match up well for entrepreneurial companies.”
2014 also included successfully closed major growth capital and M&A transactions for several SF clients:
- Travel Resorts – $2.5 million senior debt financing with First Bank, Inc. National provider of membership-based RV campground resort services.
- Integrative Therapy Concepts – sale of company assets to Pediatric Advanced Therapy. Regional pediatric occupational therapy services provider with two clinics
SpydrSafe Mobile Security – SpydrSafe’s assets and team were acquired, the details of which are highly confidential and undisclosed as of the closing of the transaction in early 2014.
- OrgSpan was acquired by Interactive Intelligence Group Inc. (Nasdaq:ININ), the details of the transaction were confidential as of the closing date of the transaction.
- Scale Finance has added more than 40 new clients so far in 2014. Our firm focuses on entrepreneurial companies with high growth potential. New clients include IceWeb, Ridge Rock Capital, Morehead Capital, Dancik International, Custom Home Exteriors, RF Wastewater, and many others.
Scale Finance LLC (www.scalefinance.com) provides contract CFO services, Controller solutions, and support in raising capital, or executing M&A transactions, to entrepreneurial companies. The firm specializes in cost-effective financial reporting, budgeting & forecasting, implementing controls, complex modeling, business valuations, and other financial management, and provides strategic help for companies raising growth capital or considering M&A/recapitalization opportunities. Most of the firm’s clients are growing technology, healthcare, business services, consumer, and industrial companies at various stages of development from start-up to tens of millions in annual revenue. Scale Finance LLC has offices throughout the southeast including Charlotte, Raleigh/Durham, Greensboro, Washington D.C. and South Florida with a team of 45 professionals serving more than 90 companies throughout the Southeast.