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A Certified Public Accountant licensed in Texas since 2003, Andrew Fred Russ holds an MBA in Finance and Economics from the University of Chicago Booth School of Business and two undergraduate degrees from Texas State University. Andy, as he is known, built a 25-year career at a $50B+ consumer-facing company, starting in hourly store operations as a student and advancing to Vice President of Planning & Analysis. The Texas-based finance executive and business advisor is now a Partner at Ellacap, leading its quality-of-earnings and financial diligence work for founder-led and family-owned businesses. He also leads Russ CPA, his own Texas CPA firm, as its Principal. At Texas State University, Andrew Fred Russ earned a BBA in Accounting and a BBA in Computer Information Systems, with Honors. The university recognized him with the LBJ Outstanding Senior Award. He later completed his graduate business education at Chicago Booth. As a Partner at Ellacap, Andy Fred Russ helps owners buy and sell companies and leads quality-of-earnings and financial diligence. Ellacap works with founder-led and family-owned businesses with enterprise values of up to $100 million, providing advisory, accounting, and investing services. Those services span accounting cleanup, buy-side and sell-side advisory, quality of earnings (QoE) reviews, and fractional CFO support. In this work, Russ draws on more than two decades of planning, forecasting, and performance analysis within a large, complex business. As Principal of Russ CPA, he provides quality-of-earnings and transaction diligence services directly to clients. His expertise includes preparing a company for sale, keeping books clean and numbers credible enough to withstand diligence, fractional CFO support, item-level profitability, and the discipline to know which products actually make money.
