M & A Support
Whether you are thinking about selling, starting out or deep in the process, our team of experienced CFO and Controllers can help. The M&A process can seem like a lot of additional work for your leadership and finance team, and it usually is. Having the right experience at the table will help keep pace of the deal and provide ownership with the confidence that things are being done right. We are hired at all phases of a M&A deal. We are brought in early to start planning and building the appropriate financial models. We are brought in when in market or during diligence to help with the extra burden of all of the requests and rely on our experience to help get to the right answers quicker.
How We've Helped
Case Study: Creating Value in a Distressed Business
$20 million Marketing Agency
Overview
Given market conditions, an eroding customer base, and the recent flight of good employees, the president of a $20 million marketing agency was at her wits end as she foresaw the organization continuing to deteriorate.
Solution
Hired by the organization to assess their situation and provide strategic alternatives, Sutker Moran, through developing comprehensive income statement and cash flow projections, determined given the critical nature of the situation an expedited sale of the company was the best path to maximize the value of the organization. Sutker worked closely with remaining key members of the organization as well as with various members of the ownership group who had diverse opinions to obtain insight on how best to craft a Sales Memorandum that conveys the Agency’s value. Sutker contacted several buyers and was able to identify two interested parties. Sutker then skillfully negotiated a very attractive sales price from this buyer that provided the ownership group a satisfying return on their investment, especially given the circumstances.
Case Study: Here Comes the Calvary!!
$100 million IT-based solutions provider
Overview
A highly successful $100 million IT-based solutions provider urgently needed an interim Controller after the permanent Controller and the Company suddenly parted ways. The Company was in the midst of discussions with various private equity groups regarding a partial sale, switching banks, an upcoming annual audit beginning, as well as an ERP conversion.
Solution
Referred by the Company’s lender, Sutker Moran was hired (or as the Company’s owner referred to Sutker as “The Calvary”) as the interim Controller to facilitate the audit as well as manage the accounting staff. Sutker, first, corrected the financial statements. Then, Sutker successfully managed the Company through the audit process. Impressed with Sutker’s responsiveness and quality of work, the Owner ended his search for a W2 employee and hired Sutker full-time. Sutker now provides full-coverage CFO/Controller services at significantly less cost than a W2 employee, that started with the bank transition, managing the ERP conversion, as well as performing all financial duties related to the partial sale.
Case Study: Stepping in to Ensure a Successful Transition
$40 million Plastic fabrication company
Overview
The Chief Financial Officer of a $40 million Plastic Fabrication Company resigned in the midst of its sale to a strategic buyer. The accounting staff and the president had limited knowledge of the inner workings of the financial department.
Solution
Sutker Moran was hired and immediately took over the position. Sutker instantly plugged itself into the Company’s cash situation to ensure vendors were being paid timely, especially critical given the impending ownership change. Simultaneously, Sutker began to finalize year-end financials which included developing a monthly close process for the accounting team. Sutker took the lead in navigating the due diligence period with the prospective buyer. Finally, Sutker seamlessly transitioned its responsibilities to the CFO of the buyer.
