FORT WORTH, TX – SourceHOV Tax, a leading specialized tax consulting firm providing R&D Tax Credit , Cost Segregation, LIFO inventory, §179D and §45L solutions for more than 37 years, has rebranded as Source Advisors after management partnered with private equity firm, Gainline Capital Partners, in a carve out transaction earlier this year.

The new name, Source Advisors, strengthens their commitment to partnering with companies and CPA firms as a trusted advisor in maximizing government-sponsored tax credits, deductions, and incentives to help save money and create cash flow that stimulate businesses and drive overall growth.

“We’re excited to reintroduce our technical experts and best-in-class service to the market, as a stronger, more tax focused stand-alone entity,” said Chris Henderson, President of Source Advisors. “The Source Advisors name truly captures who we are and what we do for our partners and clients providing a single advisory point of contact for tax centered value creation.”

For more information, visit www.sourceadvisors.com or call 817.732.5494.

STAMFORD, CT – Gainline Capital Partners (“Gainline”), announced today that it has acquired SourceHOV Tax (the “Company”) from Exela Technologies, Inc. (NASDAQ:XELA) in a carve out transaction. Headquartered in Fort Worth, TX, SourceHOV Tax is a leading provider of tax incentive solutions to accounting firms and middle-market companies throughout the U.S. The Company is one of few outsourced incentives providers with the technical ability and scale to serve any customer, having serviced more than 2,000 clients in 2019 across its three main offerings, R&D Tax Credits , LIFO accounting and cost segregation solutions.

SourceHOV Tax’s current leadership team, led by Chris Henderson, Deborah Roth, and Chris Hitselberger, will remain in place. Mr. Henderson shared, “We are excited to partner with Gainline as we execute our strategic vision as a standalone company. Gainline’s experience supporting both organic and inorganic growth initiatives will prove invaluable to SourceHOV Tax as we continuously work to expand our solutions and better serve our clients.”

Allan Weinstein, Managing Partner at Gainline, said, “We are thrilled to partner with the SourceHOV Tax team. The Company’s value proposition, through services that result in a net cash benefit to clients, and reputation for quality and efficiency makes for an extremely impressive business. SourceHOV Tax presents an attractive opportunity to implement Gainline’s strategy of investing in businesses with strong fundamentals looking for their first institutional capital.” Kerri McNicholas, a Principal with Gainline who also joined the Company’s board of directors, added, “SourceHOV Tax is well positioned to capitalize on the growing awareness of, and the increasing need for tax incentive solutions as companies look to optimize cash flow.”

FORT WORTH, TX – We are pleased to announce that Michael Warady, CFP, has rejoined our business development team. Having provided more than 25 years of client education and interaction, Michael will focus his attention in the MidAtlantic states, helping CPAs and their clients understand how to maximize cash flow through R&D Tax Credits , cost segregation, LIFO and 179D.

“We are thrilled to have Michael back on our team. Michael is compassionate and excels at listening to clients and understanding which incentives are most appropriate for them,” says Chris Henderson, President. “His deep technical knowledge and ability to uncover what a client truly needs is a great asset to our practice.”

“I am honored to return to such a dynamic and intelligent organization. Our leadership and project teams are the best in the industry. Building the bridge among clients, CPAs and our team is where I will continue to focus my efforts. As businesses and the economy continue to grow, this is an ideal time to look to tax incentives to help sustain and continue to support that growth,” says Michael.

Michael can be reached at 312.909.4045 or michael.warady@sourceadvisors.com

FORT WORTH, TX – Rachel Bishop joined our growing R&D Tax Credit consulting group in July 2018 as a Senior Director. Rachel is a CPA with more than 14 years of R&D Tax Credit experience working across a broad range of industries for companies from startups to Fortune 500. Rachel was the Managing Director for Black Line Group’s R&D practice for nine years prior to joining Source Advisors. She will partner with Deb Roth, Managing Director of R&D, to expand our R&D practice and ensure high quality deliverables and superior client experience.

In addition, Moi Romero, a 12-year veteran of our R&D practice, recently assumed the lead role for our Tax Controversy group. Moi has specialized in federal and state R&D tax incentives for nearly 20 years and has extensive experience with exam advocacy and appeals representation.

The Source Advisors R&D practice has experienced significant growth, doubling in size since 2012. We currently have 21 dedicated, full-time professionals and expect to add several additional team members in 2019.