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The client—an HVAC services platform company under private equity ownership—was facing major accounting and reporting disruptions following a recent acquisition. The organization had experienced turnover in key accounting roles. In addition, they lacked well-documented processes and were under pressure to remediate prior audit findings while preparing for a new financial year.
They needed a corporate controller to lead cleanup efforts, support external audits, manage purchase price accounting activities and help establish internal reporting capabilities. At the same time, they needed to train and transition responsibilities to a newly formed in-house finance team.
Our early assessment revealed numerous unresolved issues: unreconciled cash and balance sheet accounts, audit deficiencies from prior periods, insufficient documentation of financial processes, and gaps in financial controls due to staff attrition and poor role transitions. The situation required immediate, senior-level intervention to avoid delays in compliance and reporting cycles.
We deployed an experienced corporate controller to lead stabilization efforts. This consultant was soon joined by two others— a regional controller and senior accountant, enabling us to scale support to match the client’s evolving needs.
Our team oversaw and executed a comprehensive slate of financial and operational initiatives, including development of the opening balance sheet for the 2024 acquisition, support for purchase price accounting and coordination with a valuation firm, and management of the current year-end audit working alongside a Big Four firm. We also drafted GAAP-compliant financial statements and disclosures, updated lease accounting in accordance with ASC 842, and conducted hands-on balance sheet reconciliation and clean-up.
In parallel, we partnered with both the finance and operations teams to support the implementation of Sage Intacct and ServiceTitan—ensuring that the ERP and operational software stack aligned with revised accounting workflows and reporting requirements. Throughout the engagement, we established and documented core accounting processes and provided knowledge transfer and onboarding support to the new permanent team.
Our finance leadership provided the structure, expertise and continuity the client needed to complete a smooth post-acquisition transition. With reconciled financials, established internal controls and improved reporting capabilities, the organization was positioned for both compliance and scalability.
Our efforts resulted in a significantly cleaner audit, with minimal adjustments required compared to the prior year. Month-end close cycles were accelerated through newly standardized processes, while the permanent accounting team benefitted from clear documentation and hands-on training. The regional controller we provided to the client was ultimately hired by the company, and our other consultants transitioned their responsibilities seamlessly to the incoming team.
Through flexible delivery and senior-level execution, we enabled the client to stabilize operations, regain financial clarity, and move forward with confidence under new ownership.