Case Study
Auto Recycling Business
Privately held company with 19 locations across the Northwest US being acquired by a Private Equity firm
Project Needs
- Interim Chief Financial Officer to provide support and expertise through transition to new ownership
- Business partner to CEO and senior management team to provide direction in establishing new reporting processes and procedures
- Implement a 100 day pre and post acquisition plan
- Establish the company’s first Internal Financial Reporting package
Client Motivation
- Private equity firm needed an Interim CFO to help the team with transitional activities
- Newly appointed CEO was new to the private equity environment/needed interim CFO support
- Needed to establish a tracking mechanism for activities and responsibilities
- Needed to ensure that the financial reporting requirements to the bank were met on a timely basis
Deliverables
- Ensured successful transition to new private equity ownership with minimal disruption to the business
- Successfully provided guidance to the CEO to be able to manage in the new private equity environment
- Executed on 100 day plan that allowed for a smooth transition from old ownership to new ownership
- Developed a new Internal Financial Reporting package process and procedure
