Sarah Galbraith, founder of Checks & Balances. (Photo: Taylor Hooper)

Hollywood payroll company Cast & Crew has acquired Checks & Balances Payroll Inc., the New York-based firm that provides payroll and accounting services for many Broadway shows.

The daily operations of Checks & Balances will continue as usual and founder Sarah Galbraith as well as her staff will remain with the company, which will retain its brand name. The financial terms of the transaction were not disclosed.

“I founded Checks & Balances because I believe live theater deserves a modern payroll company that is responsive to the needs of the theater business,” Galbraith said. “Cast & Crew is a well-established partner to many parts of the entertainment industry, and I believe this combination will enable Checks & Balances to provide our clients with an even broader choice of solutions tailored to the specific needs of the theatrical industry.”

Current clients for Checks & Balances include “Hamilton,” “Harry Potter and the Cursed Child,” “Wicked” and “Dear Evan Hansen.”

The acquisition adds live theater to Cast & Crew’s portfolio, which includes film, television, and commercials.