FMS Solutions, a provider of business process outsourcing and portfolio company of New Heritage Capital, has purchased Retail Financial Services, a company that provides accounting, tax preparation, and tax planning services to independent grocers and other multi-site retail customers.
Acquiring RFS adds a new tax preparation and planning service offering, allowing FMS to expand its services for retailer customers. The deal represents the third add-on for FMS since partnering with Heritage.
“We are thrilled to be partnering with Mark, Lance and the entire RFS team,” comments Bob Graybill, CEO of FMS. “This acquisition represents another step towards our goal of offering a complete suite of tech-enabled and SaaS-based solutions to multi-site retailers, spanning store operations technology to back-office accounting support.”