GrowthFinance LLC, a provider of contract chief financial officer and controller services, has acquired CFO Services.

CFO Services is based in the Triangle.

Terms of the deal were not disclosed.

“This is a great match”, said Dave Gilroy, managing director of GrowthFinance. “As we’ve gotten to know Gary and his team at CFO Services, we’ve come to see congruent vision for providing cost-effective CFO services, controller solutions, and transactional advisory work for growth companies.

“With this acquisition, GrowthFinance establishes a strong local presence in the largest and fastest growing market in our region,” he added. “We look forward to continuing to build our organization, our brand, and our client base in the Triangle.”

GrowthFinance has a team of 11 full-time personnel based in Charlotte. It works with some 25 companies.

CFO Services offers financial management consulting and services.

“We’re excited about joining the GrowthFinance platform, which will allow us to accelerate the scaling of our practice in the Triangle,” said CFO Services President, Gary Hayes.

Hayes will join GrowthFinance as managing director. He has worked for Triangle companies and Ateb Inc.