Hiline, a Syracuse, NY-based financial services firm, acquired Calculate, a New York-based outsourced accounting and finance firm dedicated to supporting the financial processes at emerging companies.
The amount of the deal was not disclosed. The acquisition follows an investment by Red Iron Group in September.
As part of Hiline’s commitment to providing a comprehensive suite of financial solutions to small and midsize businesses, startups, and nonprofits, this acquisition will aim to further drive innovation in Hiline’s technology solutions and deliver value to its clients through broadened industry and financial expertise. Through leveraging Calculate’s expertise, in conjunction with Hiline’s existing team, technology, and comprehensive services across accounting, finance, tax, human resources, and payroll, the company will scale its operations and strengthen its CFO and FP&A-led advisory services. Alison Cuzzolino of Calculate’s executive team is assuming the position of VP of Operations at Hiline.
Led by Co-Founder and CEO Matt Gardner, Hiline is a financial services firm that delivers scalable accounting, human resources, tax, and payroll services to growth-minded companies, small and midsize businesses and nonprofits. The firm combines human guidance with technology to help hundreds of organizations manage risk, improve outcomes, make decisions, and achieve business goals faster.
Hiline will bolster its service portfolio through the combination of additional talent and technology while also materially expanding its client base and geographic presence.
This move enhances Hiline’s capabilities, particularly by retaining Calculate’s team, composed of high-level finance talent with backgrounds from financial institutions and accounting firms.
FinSMEs
08/02/2024