Graphite Financial, a New York-based outsourced strategic finance and accounting company, received an investment from Red Iron Group.
The amount of the deal was not disclosed.
The company intends to use the funds to further expand its service portfolio with financial reporting, planning and analytics capabilities.
Led by Paul Bianco, Founder and CEO, Graphite Financial is an outsourced strategic finance and accounting partner for early-stage and growth-stage businesses. Core services include bookkeeping, accounting, strategic finance and CFO-level advisory services to high-growth companies across sectors including SaaS, eCommerce, Web3, Fintech, Healthcare, Education, CPG, and Manufacturing.
In connection with this announcement, Red Iron and Graphite also announced its acquisition of CPM Advisory Group, with CPM’s business to be combined with Graphite. The three firms came together around a unified vision for driving Graphite’s continued rapid expansion with enhanced investment in services, technology solutions and capabilities for its national client base.
The acquisition of CPM will further expand its service portfolio with financial reporting, planning and analytics capabilities.
Going forward, the combined business will continue to be led by Paul Bianco, Founder and CEO of Graphite, and both the Graphite and CPM teams will remain shareholders alongside Red Iron Group. As part of these transactions, Chris Mossa, Founder and CEO of CPM, has made a significant investment in the combined business and has joined Graphite’s executive team.
FinSMEs
31/05/2023