Transition Services for Three Add-On Acquisitions
Situation
Our client, a $500 million security guard service provider, needed to integrate 3 new acquisitions into its business, including migrating the accounting to their ERP system. The acquired company’s accounting department lacked the technical skills and bandwidth to produce financial results on a GAAP compliant basis.
Solutions
- Within 30 days instituted controls and process to be GAAP compliant
- Within 90 days achieved an efficient 10-day month-end close process
- Developed and delivered weekly and monthly reporting packages
- Provided interim CFO, Controller and accounting manager services at the newly acquired companies
- Oversaw ERP integration process and API development
- Integrated 3000 eligible employees with the parent company’s benefit plans
- Transitioned payroll platforms to the corporate platform
Results
Our client’s revenue increased by 20% from these acquisitions, and after our services were complete, our client had consolidated reporting on a GAAP compliant basis and was able to transition the accounting to their internal team in an efficient manner. The total project lasted approximately 6 months.
Acquisition On-boarding and Exit SupportInterim CFO / Controller / FP&AB2B Services
