CFO Squad Announces Record 32.7% Growth in Revenues in 2023

Posted by Joseph Himy
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New York, NY – February 21, 2024 – The CFO Squad, a distinguished provider of outsourced CFO and financial business services for private and public entities, proudly announces an exceptional year with a record 32.7% growth in revenues for 2023. This remarkable achievement marks the tenth consecutive year of double-digit revenue growth for the firm, solidifying its position as an industry leader.

Our continued growth in revenue stems from the firm’s robust core services and a growing demand for its newly launched services, including:

  • CFO Advisory
  • CFO Fractional – Interim CFO
  • Back Office Accounting for Private Companies
  • Fund Administration
  • Internal Control / Sox 404 Readiness,
  • M&A Services including SPAC transactions
  • Comprehensive Human Resources and Recruiting Services

New 2023 milestones include:

  • New office opening in Boston, Massachusetts
  • Increased headcount by over 20%
  • Broadening service offerings in Q4 2023, notably in Fund Administration, Internal Control / Sox 404 Readiness, and Interim CFO Advisory Services

Joseph Himy, CFO Squad Managing Director and Founder, expressed, “Our remarkable progress in 2023 is a testament to our team’s dedication and the high-value services we provide to our clients. Our clients often extend their engagements upon realizing the benefits of our services, and many of our new clients are referrals, which speaks volumes about our unique service model.”

The CFO Squad is poised for continued success in 2024, driven by its commitment to servicing both public and private companies with comprehensive outsourced accounting and financial needs.

2024 Growth Plans Include:

  • Continuing our 30% revenue growth
  • Increasing associates by an additional 25%
  • Opening 1-2 new offices in key states
  • Upholding the firm’s ‘promote from within’ policy
  • Further expanding CFO Squad’s service range
  • Maintaining its high level of client retention
  • Continue recruitment from top-tier accounting firms

Luke McPherson, Director at CFO Squad, remarked, “The significant growth we achieved in 2023 validates our strategic direction and the market’s acceptance of our services. We are particularly witnessing robust growth in our CFO Advisory and Fractional CFO Services for large private companies.”

Jeannine Zimmerman, President of Human Resources and Operations, highlighted the strategic significance of opening a new office in 2024 in another rapidly growing state, stating, “This expansion will enhance our domestic reach and provide access to a rich talent pool of U.S.-trained accounting professionals, supporting our growth with existing clients and our expanding national and international client base.”

For more information about CFO Squad and its range of financial business services, visit www.cfosquad.com.

About CFO Squad

CFO Squad is a premier accounting consulting firm specializing in financial reporting, technical accounting research, and CFO advisory services for diverse-sized companies across various industries. Our team of professionals offers specialized expertise to ensure the successful completion of complex accounting projects. For more information, please visit our website: www.cfosquad.com or call us at (845) 613-3394.

NEW YORK CITY, NEW YORK OFFICE

BOSTON, MASSACHUSETTS

PHILIPPINES OFFICE, Buhangin-WVP Lopson

ISRAEL OFFICE, Ramat Bais Shemesh (Central Israel)

Contact Info

Joseph Himy, CPA
Founder & Managing Director
info@cfosquad.com
(845) 613-3394