Need a Temporary CFO?
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At Ascent CFO Solutions, we support Private Equity groups by stepping into their portfolio companies with interim and fractional CFO services when the finance function has to perform: through diligence, the first 100 days after close, a carve-out, or the run-up to exit. We put a seasoned CFO and accounting team in the seat in days, not months, with minimal disruption.
On-Demand Financial Team
When a PortCo has a gap in the seat or needs
finance leadership from day one, we assume the
role fast and keep the close, reporting,
dashboards, and team running.
Exit Preparation
We run the sell-side workstream: data room, buyer
presentations, cash-flow modeling, and IRR
scrutiny that keeps value from leaking at the table.
Sponsor, Board & Lender Reporting
Investor-grade monthly and quarterly packages,
KPI reporting, and covenant and debt-service-
coverage tracking that your sponsor team and
lenders expect.
Light Quality of Earnings & Buyer Diligence
Pressure-test a target’s earnings, working capital,
and EBITDA adjustments before you sign. We’ll
test revenue recognition, bank recs, and more as
agreed-upon procedures.
“Ascent CFO Solutions was a great partner for Halp from our early days in Techstars all the way through our acquisition. Their team set up our accounting processes from scratch and built financial models for our Seed Round. They were also valuable teammates when it came to preparing for due diligence for Halp’s acquisition by Atlassian. I highly recommend Ascent CFO for any SaaS company experiencing fast growth.”
“We are impressed with Ascent CFO Solutions’ high quality services and their ability to balance the cost with the requirements of our business. The Ascent CFO team members we’ve worked with are fantastic. They’re responsive and learned our business quickly. I’m confident that the level of talent and experience on the Ascent CFO Solutions team makes them a great fit for many different types of companies. They are certainly the right fit for mine.”
“I am more confident than ever in the reliability of our financial operations and the quality of our financial strategy thanks to the Ascent CFO Solutions team. They deliver accurate financial reporting and data-driven financial projection models that give us an actionable, forward-looking view of the company. Now, I have the visibility I need to intelligently grow the business.”
“I continue to be so impressed with how quickly the Ascent CFO team has gotten up to speed on our business. Their expertise and ideas are helping us improve our reporting for better decision making as well as build out a plan to hit specific targets to grow the business. They can meet in real time to solve problems and address strategy as much as any other senior members of my team and they go above and beyond to ensure the steps to our goals are actionable. I am grateful to have Ascent CFO as a guiding force on our team.”
“As soon as the Ascent team began the acquisition process, I knew we were in good hands. Dan and his team guided us through the entire acquisition process from start to finish — from building the pitch deck to arranging meetings, to acting as a point person between us and potential buyers. They were a true partner to our business.”
“After raising our Series A round of funding, we were referred to Ascent CFO Solutions by our banking partners. It was time to take our financial reporting and strategy to the next level. We needed to be sure we had a sound grasp on our capital structure and that we were running under accrual basis accounting. Ascent not only ensured our books were air tight, they showed us where we could increase efficiency by automating certain processes. I definitely sleep better at night knowing we have a detailed insight of our financial positions at all times. Whether it’s a last minute request before a board meeting, a late night strategy call, or our weekly meetings, Dan and his team are always there for Backbone. They are more than a fractional CFO, they really understand our business through and through. ”
Private Equity Success Stories
Nordic Ice, a privately held manufacturer of gel packs and cold-chain logistics solutions, had grown fast, and its CEO wanted to sell. With Ascent CFO for interim and controller support, the company recalculated standard inventory costs, moved to full accrual basis, completed a CapEx analysis, and built a fully integrated financial model. That work prepared Nordic Ice for a successful sale to Endeavour Capital.
A global FinTech company used Ascent CFO’s interim team to prepare for a sale. We maintained the data room, presented financials to prospective buyers, modeled future cash flows, and reengineered the reporting process. When buyer diligence pressure-tested the deal model, including the IRR (internal rate of return) assumptions, our numbers held up and kept the process moving.
A commercial real estate investment and management group (individually owned property entities, an operating management company, and two investment funds with outside investors) had outgrown its finance function after rapid expansion. Ascent CFO caught up and standardized the close across every entity, established debt-service-coverage monitoring for lender covenants, supported a refinancing and a property disposition, and delivered quarterly reporting to outside investors. We closed the engagement by standing up the client’s in-house finance team on the process and templates we built.
Ready to Build Your Portfolio With Ascent CFO?
Book a 30-minute discovery call to explore what’s possible for your firm or portfolio companies. No pressure, no sales pitch – just an honest conversation about your financial challenges and potential solutions.
