Need: Prep For Sale

A private equity firm was preparing to exit a fast-growing, multi-location technology portfolio company. With strong revenue and EBITDA momentum and an aggressive 60–90 day timeline, the sponsor needed an interim CFO to lead audit readiness, support pro forma adjustments, and oversee the diligence process. The company’s existing VP of Finance, while capable in FP&A, lacked the accounting depth needed for a successful exit.

The company had recently experienced two unfavorable audits and significant accounting issues. The finance team was thin, with mostly clerical support under the VP of Finance. The business had outgrown its internal systems and structure, and the books required substantial cleanup. A controller was in place to support the transition, but the company needed an experienced leader who could also work closely with bankers and external M&A consultants during the sale process.

BluWave connected the firm with an interim CFO who had deep accounting and transaction experience. The role required several days per week onsite, and the interim CFO quickly partnered with the existing finance team and third-party advisors. Responsibilities included audit prep, data room buildout, responding to diligence streams, and helping justify addbacks to drive pro forma EBITDA improvement. The interim CFO had strong familiarity with complex revenue recognition and multi-entity operational environments.

The interim CFO immediately stabilized the finance function and played a critical role in driving value creation ahead of exit. Pro forma EBITDA was significantly increased through validated adjustments and price initiatives, and diligence efforts were fully supported. The engagement enabled the sponsor to move toward exit with confidence, despite a compressed timeline and initial accounting gaps.