Case Study: a $400M food and beverage company boosts EBITDA and liquidity with BDO interim finance leadership

a $400m food & beverage company boosts EBITDA from $20M to $60M run-rate with BDO

A $400 million food and beverage company, owned by a private equity firm, faced significant financial challenges after its long-serving CFO departed. The company was struggling with budgeting, year-end audits, and a severe liquidity crisis, a situation that was exacerbated when a newly recruited CFO resigned after just three months. The private equity owner engaged BDO Consulting Group, LLC to provide interim financial leadership and support.

BDO provided an Interim Chief Financial Officer and an Interim FP&A Manager to lead the finance and accounting functions. Their solution included completing the annual budget, improving financial reporting, successfully managing the annual audit, and enhancing cash flow forecasting. As a result of BDO's work, the company's EBITDA improved from $20 million to an annual run-rate of over $60 million within nine months, liquidity was improved, and the private equity owners were able to consider profitable exit strategies.