$15M Transportation and Logistics Company
Outsourced CFO and controller to support corporate growth and the scrutiny of its private equity owner and other investors.
Pain Points:
The business comprises a portfolio of six operating companies serving four states and a parent company. Its existing accounting staff lacked the experience to deliver the comprehensive financial reporting required by the company’s private equity investor and board of directors.
ALC’s Solutions:
The company’s private equity investor referred its owner to ALC. Our team:
- Standardized accounting procedures across the six operating companies to facilitate continued growth through acquisitions
- Upgraded the quality and credibility of the company’s financial information, including daily accounting and monthly, quarterly and annual financials on a consolidating and consolidated basis
- Provides audit-ready financial statements and supports client’s accounting firm during the annual audit
- Provides financial analytics for informed business decisions
- Implemented best accounting practices with state-of-the-art, cloud-based accounting systems
Client Benefits:
Within a few months of our engagement, the:
- Business owner was able to manage the company with confidence knowing his investors and the private equity firm partner are getting accurate, reliable and timely data
- Company has achieved annual revenue growth of 10% as the business owner has been able to focus on strategic acquisitions instead of accounting issues
- Private equity investor’s confidence has increased, resulting in an increased investment of 20% to support additional acquisitions