Business
Aluf Holdings, Inc. Completes Acquisition of Premier Tax Practice and Advisory Services, Rapid Tax USA
Aluf Holdings, Inc. Completes Acquisition of Premier Tax Practice and Advisory Services, Rapid Tax USA.
About this update from Aluf Holdings, Inc.
[{"type":"text","content":"\n FT. LAUDERDALE, Fla., Jan. 10, 2023 (GLOBE NEWSWIRE) -- Aluf Holdings, Inc. (\"AHIX\") (\"Aluf\") (OTC PINK: AHIX) today announced that it has completed the previously announced acquisition of Tax Partners Group, LLC d/b/a Rapid Tax USATS (“RTUSA”), South Florida based leading edge provider of virtual income tax preparation, accounting, and advisory services for business and individuals. Aluf paid approximately US$250 thousand to acquire TPG, funded through a combination of seller financing and equity (approximately $200 thousand). Approximately 800 thousand shares were issued from Treasury, priced at $.25 per share. The acquisition of RTUSA is the next step in our ambitious growth strategy and launch of our Business Management Solutions Division, providing diverse solutions of Back-office, Staffing, Financial, and Technology Services. “The timing for closing this acquisition couldn’t be better,” says Aluf CEO Sam Jakobs. “With tax season just a few short weeks away, this acquisition means that we can now incorporate this expertise into our own service offering in our Business Management Solutions Division,” continues Jakobs. Rapid Tax USATS, first established in 2015, will continue to deliver  a consistent level of excellence and will continue operating out of Aluf’s headquarters. As we build the RTUSA team, Aluf’s CFO, Teresa McWilliams, will remain acting managing director for RTUSA. “This is an exciting acquisition for both Aluf and RTUSA,” says McWilliams. “Since announcing the LOI we have received an overwhelmingly positive response resulting in the growth of RTUSA’s client base. We are looking forward to a lucrative tax season this year and beyond,” continues McWilliams. About Aluf Holdings, Inc.:Aluf Holdings, Inc. is a publicly traded holding company headquartered in Ft. Lauderdale, FL, engaged in acquiring, operating, and managing subsidiary companies in the development and sale of proprietary software and technology solutions. Our key strategy is to build a larger and more diverse company through strategic and managed acquisitions and growth. Our core focus includes biometrics, software, and hardware verticals. For more information go to www.aluf.com About Tax Partners USA, LLC:Tax Partners USA, LLC, is located in Davie, Flori...