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FMS Solutions Acquires Retail Financial Services

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Fort Lauderdale, Florida-based FMS Solutions has acquired Retail Financial Services. Founded in 2005, RFS provides accounting, tax preparation and tax planning services to independent grocers and other multi-site retail customers.

The acquisition represents the third add-on for FMS since partnering with Heritage. Acquiring RFS adds a new tax preparation and planning service offering, enabling FMS to expand its menu of value-added services for retailer customers.

“We are thrilled to be partnering with Mark, Lance and the entire RFS team,” said Bob Graybill, CEO of FMS. “This acquisition represents another step toward 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.”

Mark Franklin, founder of RFS, shared, “The leadership group at RFS is excited to announce the partnership with FMS. We have developed strong relationships with our retailers over the past 17 years, and with FMS’ support and resources look forward to serving those customers in the future with the same level of personalized service.”

FMS continues to seek acquisitions that would complement its suite of tech-enabled and SaaS-based solutions for multi-site retailers.

Since 1974, FMS has provided comprehensive BPO services to independent grocers across the U.S., Canada and Caribbean. FMS’ retail-oriented staff help businesses by transforming accounting and payroll activities into accurate decision support tools.

New Heritage Capital is a Boston-based private equity firm with a 20-year history of partnering with growing, middle market, founder-owned businesses. With decades of experience at managing growth, Heritage gives its partners strategic, operational and financial guidance to help its companies reach their growth objectives.

For more information, visit fmssolutions.com.

For more news from The Shelby Report, click here.

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