AccountAbilities, Inc. Increases Credit Facility, Expands Markets
AccountAbilities, Inc., an established provider of financial personnel staffing services, professional marketing services, and management consulting services to certified public accounting (CPA) and other professional firms, announces an increase of their credit facility with Action Capital, from $2.5 million to $5.0 million. This transaction gives AccountAbilities greater flexibility and enables them to expand into new markets, building new offices and locations at a more aggressive pace.
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“We continue to see tremendous opportunities to grow our solid business model in new markets, with new partners and with expanded product lines,” Allan Hartley, President of AccountAbilities, said in a prepared statement. “The increase in our credit facility will better support this growth and allow us greater flexibility to quickly move into and execute our business strategy in new markets, with new partners and with greater product offerings.”
AccountAbilities recently opened an Accounting/Financial Staffing office in Pittsburgh, Pa. This is the second standalone office that AccountAbilities has opened besides Orlando, Fla., in the Accounting/Financial Staffing arena. Managed by proven staffing specialists, the office provides three services:
- Contract/consulting services
- Permanent placements
- Contract to hire
“We had the opportunity to bring on board experienced professionals with Accounting/Financial Staffing backgrounds, who had established business relationships in the Pittsburgh business community,” Hartley said in announcing the new office. “We intend to grow this practice by partnering with a regional CPA firm in our Partner on Premise program. Our expansion into the Pittsburgh area reflects our strategy of extending our reach in partnerships with major and mid-level accounting and other professional firms across the U.S.”
In other news, AccountAbilities, in June, entered into partnerships with CPA firms in New York City and Miami.
KBL/Eisner, LLP, in New York, is a minority owned and controlled CPA and advisory firm with 70 partners and the resources of over 450 professionals. The firm’s focus is on serving emerging middle market businesses and Fortune 500 companies. They have over 20 professional groups within the firm, including auditing, taxation, technology, pension, real estate, corporate governance 9including Sarbanes-Oxley), corporate finance, not-for-profit, litigation support, small business, and staffing.
Rachlin Cohen & Holtz is a major CPA firm out of Miami, Fla., and one of the nation’s 100 largest public accounting firms, as well as one of the largest independent accounting and advisory services firms in the Southeast. The company is also a member of Baker Tilly International, one of the world’s top ten accountancy and business service networks. This affiliation ensures that Rachlin is positioned to serve clients domestically and internationally.
“This reflects AccountAbilities ability to seamlessly and quickly integrate a profitable staffing service within a CPA firm.” Hartley concluded, “More importantly, it is a solid example of our strategy to grow AccountAbilities by providing services for major and mid-level accounting and other professional firms across the U.S.”