Happy Tax has acquired Opportunity Tax and Insurance, a franchise network of eight storefront tax preparation and insurance sales offices in North Carolina, Georgia and Florida, and announced a partnership Monday with Santa Barbara Tax Products Group, a subsidiary of Green Dot, to provide refund advances and refund transfers.
Financial terms of the Opportunity Tax deal were not disclosed, nor were revenue figures at the various firms. Happy Tax CEO Mario Costanz told Accounting Today his tax prep franchising company does not release its revenue publicly, but said the firm grew its revenue more than tenfold year over year from 2016 to 2017, excluding discontinued operations. “We also grew our franchise and area representative count from 29 to 106 and brought on over 500 new independent contractors,” he added.
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