90-Day Acquisition Accounting Stand Up

VIP SOLUTIONS CASE STUDY

Equipment Leasing

INDUSTRY

30

EMPLOYEES

$20M

ANNUAL REVENUE

BACKGROUND

Our Private Equity client acquired a portfolio company that required the creation of an entire accounting department and processes. The PE sponsor also requested to establish FP&A processes and deliverables.

OBJECTIVES

  • Manage month-end closing, end closing and prepare transition leadership plan
  • Enhance Fixed Asset Accounting
  • Create bottoms-up forecasting and 13-week forecasting

SOLUTIONS

  • Managed the accounting team during monthly close procedures and preparation of reporting packages
  • Created & maintained a fixed asset ledger for monthly activity, and developed associated depreciation schedules
  • Worked with management to develop and understand drivers to develop a rolling cash flow forecast
  • Oversaw cash management and cash control procedures

EXECUTED 90-DAY ACQUISITION INTEGRATION PLAN
while positioning the portfolio company to fully adopt the PE firm’s overall strategy

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