Industry: Midsized, Publicly Traded Community Bank (Financial Services) Client Overview A community bank experienced employee turnover in the Finance Department, resulting in the loss of a resource capable of using a software-based automated budget integrated with their reporting applications. Challenge The board of directors and regulators required an annual budget update, although the existing Finance… Continue reading Resolving FP&A Emergency (Publicly Traded Community Bank)
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We Support Opening Balance Sheet Acquisition Accounting
We launched a new practice to support our clients with accounting for acquisitions. When an existing business acquires a new entity, there is an inordinate amount of work to be done, which may be overwhelming for the acquirer and a conflict of interest for its accounting firm. That is where we come in. We perform… Continue reading We Support Opening Balance Sheet Acquisition Accounting
How CFOs Upgrade Finance Team to Prep for Private Equity Resell
(An excerpt of this story appeared in CFO.com.) By Tim Jung A private equity firm just bought your promising firm with high hopes. You estimate that the company will be sold again for a much higher margin within 60 months. But your finance team has trouble closing the books in a timely manner. So, what… Continue reading How CFOs Upgrade Finance Team to Prep for Private Equity Resell
Turnaround & Restructuring Advisory
Here at CFO Consulting Partners, our hands-on approach to restructuring, turnaround and performance improvement initiatives in challenging times drives measurable results, preserves value and reduces risk. Our battle-tested services in liquidity, debt capital management and crisis management can help you retake control of your company and restore its financial equilibrium. Stage your comeback. Learn more… Continue reading Turnaround & Restructuring Advisory
Restating Financial Statements (Forgings)
Industry: Midsize (Pipe Fittings and Forgings Company) Client Overview This privately held forgings company, which began as a cannon ball manufacturer during the Civil War, manufactures specialty, seamless and welded pipe fittings. Challenge During a period of several years, the company distributed financial statements that were not in accordance with generally accepted accounting practices (GAAP).… Continue reading Restating Financial Statements (Forgings)
Exit Strategies: How Construction Companies Utilize ESOPs With Private Equity
By James J. McKay More than 40% of the current U.S. construction industry plans to retire in the next decade. A portion of that number will include construction company ownership. So, are you ready? You built the company from scratch during the last 40 years, navigating shutdowns, lockdowns and a slew of macro and micro… Continue reading Exit Strategies: How Construction Companies Utilize ESOPs With Private Equity