Case Study: a private equity firm achieves GAAP compliance and faster acquisition close with dlc

National Private Equity Firm streamlines two acquisitions in 6 weeks with dlc

A national private equity firm engaged dlc for assistance during the acquisition of two businesses. The challenge was that the target companies' finances were managed solely for tax purposes on a cash basis, creating a need for GAAP compliance, a closing balance sheet, a working capital threshold calculation, and preparation for Management Discussion & Analysis (MD&A).

dlc consultants revamped the chart of accounts for GAAP compliance, made fair value adjustments, and established new consolidation models and month-end closing processes. This provided the private equity firm with a streamlined, on-time closing and a new financial reporting system. dlc also assisted in onboarding a permanent team, enabling the successful and timely acquisition and integration of both businesses.