Following its acquisition by a private equity sponsor, an eye care products company needed experienced financial leadership to guide the business through the post-close transition. Its existing finance infrastructure was not equipped to meet the reporting and accounting demands of its new ownership structure, and management needed support while searching for a permanent controller.

CFOx stepped in as interim controller, assuming day-to-day oversight of the accounting function and maintaining continuity across financial operations. In addition to keeping reporting processes on track, our team helped management navigate key post-close requirements and begin building a stronger financial foundation for the company’s next stage of growth.

One of the first priorities was completing the net working capital true-up and preparing the company’s Opening Balance Sheet and financials for an external independent audit. CFOx worked closely with management and other transaction stakeholders to review the acquired assets, liabilities, and historical accounting records needed to establish the company’s financial position under new ownership. This work created a reliable opening financial position, improved the organization and accuracy of the company’s financial records, and provided a stronger foundation for the external audit. Completing this work early gave management and the private equity sponsor a more reliable starting point for future reporting and performance measurement.

With the immediate post-close accounting requirements addressed, CFOx turned its attention to building a more scalable finance function. Our CFO Services team designed and implemented investor-level reporting that gave the private equity sponsor greater visibility into business performance and key operating metrics. We also established a budgeting process to help management forecast results and make more informed operating decisions.

To improve the quality and consistency of financial reporting, CFOx revamped the company’s Chart of Accounts to better align with management and investor needs. At the same time, we transitioned the business to accrual-based accounting, creating a clearer and more accurate view of monthly financial performance.

Together, these improvements strengthened the company’s day-to-day financial management while helping the business meet external audit requirements and produce more reliable reporting for lenders, investors, and other stakeholders.

CFOx remained actively involved until the company hired a full-time controller. Throughout the transition, our team documented processes, transferred institutional knowledge, and helped ensure the incoming controller could assume responsibility for a well-organized finance function.

By combining interim leadership, post-close accounting expertise, and finance transformation support, CFOx helped the company move beyond the immediate demands of the acquisition and establish a scalable, audit-ready financial operation positioned for continued growth.

If you would like to learn more about our CFO Services, please reach out via email (info@cfoxadvisory.com) or schedule a call directly on our Contact Us page.

Services Provided:

• Net Working Capital True-Up
• Opening Balance Sheet
• Reporting and Budgeting
• Chart of Accounts
• Audit Readiness