Case Study: a $400 million food and beverage company improves profitability and liquidity with BDO interim CFO and FP&A support

a $400 million food and beverage company boosts EBITDA from $20M to $60M with BDO

A $400 million food and beverage company, owned by a private equity firm, faced significant financial challenges after its long-serving CFO was replaced. The new CFO resigned within three months, leaving the company without experienced leadership during a critical period that included preparing an annual budget, planning for a year-end inventory, and managing a tight liquidity situation. The company engaged BDO Consulting Group, LLC for interim financial leadership and turnaround services.

BDO provided an Interim CFO and an Interim FP&A Manager to lead the finance and accounting functions. Their solution included completing the annual budget, improving financial reporting and cost processes, successfully completing the annual audit, and meeting all debt obligations. As a result, the company's EBITDA improved from $20 million to an annual run-rate of over $60 million within nine months, demonstrating significant top-line revenue and profitability growth for BDO's client.