HC Global Fund Services Acquires Benchstrength vCFO, Inc., Launching Hospitality Finance and Accounting Practice

HC Global Fund Services, LLC (HC Global) has announced the acquisition of Benchstrength vCFO, Inc. (Benchstrength), an outsourced accounting firm specializing in the hospitality sector. The deal, finalized on July 6, 2026, involves an undisclosed amount and marks a significant shift for HC Global as it expands its service offerings from fund administration to include property-level accounting for hospitality assets.

The acquisition of Benchstrength aligns with HC Global's strategic vision to provide comprehensive accounting solutions that encompass both fund administration and property-level management. This move allows HC Global to deliver a full suite of services, including back-office support, start-up finance and accounting setups, ownership transitions, and construction accounting. The integration of Benchstrength's expertise enhances HC Global's capabilities, enabling it to serve real estate fund managers with a unified approach to accounting that addresses both fund-level and property-level requirements.

Warren Cruz, the founder of Benchstrength, will join HC Global as Managing Director to spearhead the newly established Hospitality practice. With over 25 years of experience in the hospitality industry, Cruz brings a wealth of knowledge in hotel transitions and financial management. His previous roles include serving as CFO of Sightline Hospitality and VP of Finance at Atrium Hospitality, where he successfully built accounting infrastructures and managed significant portfolio transitions. Cruz's expertise will be instrumental in ensuring that HC Global's expanded services meet the unique needs of the hospitality sector.

The hospitality industry has seen increasing demand for specialized accounting services that comply with the Uniform System of Accounts for the Lodging Industry (USALI). By acquiring Benchstrength, HC Global addresses a critical gap in the market where real estate fund managers have historically relied on multiple providers for fund administration and property-level accounting. This acquisition positions HC Global as a one-stop shop for real estate funds, streamlining operations and providing a seamless data flow across both fund and asset management.

As the hospitality sector continues to recover and evolve post-pandemic, the integration of Benchstrength into HC Global's offerings is likely to enhance the firm's competitive edge. The ability to provide comprehensive, USALI-compliant accounting solutions under one roof will attract real estate and hospitality managers seeking efficiency and scalability. The broader market implications suggest a trend toward consolidation in the financial services sector, particularly in niche markets like hospitality, as firms seek to offer integrated solutions that cater to the complexities of modern asset management.