Distribution Companies Being Consolidated by Private Equity

Before Emergent

• Companies being consolidated were not able to generate consolidated, accrual-based financial statements as required
• Challenges included an entity without an inventory tracking system, one general ledger system that was not set up properly, an outsourced accounting relationship for one entity, and multiple systems with multiple charts of accounts

After Emergent

• Accrual-based financial statements were generated in 90 days
• Consolidated reporting template was constructed to aid in creating future financial reporting packages
• Outsourced accounting was brought in house
• General ledger system configuration issues were identified and fixed
• New, consolidated entity was able to meet ongoing reporting requirements and a base was established to consolidate more entities