Rainbow Station Hires Fahrenheit Finance To Fulfill CFO Duties

Rainbow Station, an educational franchise system with nine locations across the nation, hired Richmond-based Fahrenheit Finance to fulfill the chain's CFO duties

2011-08-19

RICHMOND, VA, August 19, 2011 (Press-News.org) Rainbow Station, an educational franchise system with nine locations across the nation, hired Richmond-based Fahrenheit Finance to fulfill the chain's CFO duties, announced Rainbow Station CEO Gail Johnson today.

Founding partner Keith Middleton will be the lead resource assigned by Fahrenheit Finance to Rainbow Station. The certified public accountant is a veteran of Arthur Andersen with over 20 years of experience as a corporate finance executive and public acccountant. He is slated to be in the Rainbow Station headquarters located in Glen Allen two days per week and on call 24/7. Fahrenheit Finance began working with Rainbow Station in July 2011.

"Fahrenheit Finance was hired to be the financial advisor and advocate for Gail and the rest of the Rainbow Station team," explained Middleton. "Our scope of work will include assisting with strategic direction, driving cash flow and profitability initiatives, assisting and adding value to the franchisee relationships, and managing the accounting function."

"We are very happy to be working with Fahrenheit Finance," said Johnson. "By hiring a fractional CFO, Rainbow Station is getting the highest calibre expert--with the firm's multi-levels of financial advisors behind him--for a price that our mid-size company can afford. It is this type of innovation that will drive our success through the new economy."

Rainbow Station is a private school system for children ages 0-14 that offers extended day programming with after-school and summer camp programs. There are four locations in the Richmond area and five additional campuses located throughout Virginia, Texas and North Carolina.

Fahrenheit Finance is a boutique accounting and finance services firm that provides consulting and project support to middle market and larger organizations, fractional CFO and controller services to growth and middle market companies, and direct hire and temporary staffing across all organizations.

About Rainbow Station:
Rainbow Station is headquartered in Richmond where it has four locations with additional campuses located throughout Virginia, North Carolina and Texas for an overall total of nine schools. Each Rainbow Station school offers private nursery schools and pre-schools with extended day programming for children ages 0-14. The three to five acre campuses include the highly unique feature of providing "The Get Well Place," an infirmary attended full-time by a pediatric nurse. Additional information on the campus is available on its website, http://www.rainbowstation.org

About Fahrenheit Finance:
Fahrenheit Finance delivers accounting and finance consulting solutions, project support, fractional CFO and controller services, and staffing and direct hire services to emerging growth, middle market and Fortune 500 companies. Fahrenheit Finance was created with a unique delivery model that utilizes available top accounting and finance professionals, possessing various levels of skills and experiences, to meet the direct needs of its clients. The firm was founded in January 2010 by partners Karen Booth Adams, a serial entrepreneur and angel investor; Rich Reinecke, a seasoned recruiting industry veteran; and Keith Middleton, a corporate finance executive. Additional information on the firm is available on its website, http://www.fahrenheitfinance.com

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