Case Study
Budget Creation + Implementation
- Adam Tauzel
Construction
INDUSTRY
150
EMPLOYEES
$40M
ANNUAL REVENUE
Background
A recent private equity acquired company required assistance to develop a budget for the first time. The investment thesis planned for multiple acquisitions a year. A budget had never been prepared before.
Objective
- Obtain historical financials to determine high level revenue and expense trends and drivers
- Interview management and key employees to determine short- and long-term strategic goals
- Develop a detailed bottoms-up budget model focusing on revenue, personnel, and variable expense
- Work with key employees to refine a realistic budget
- Develop and prepare board of directors budget presentation
Solution
- S+H held detailed discussions with the private equity sponsor and company leadership
- Vetted and refine key business drivers and seasonality trends
- Integrated functionality to allow for an aggressive acquisition plan
- Provided training on functionality, budget management, and on going monitoring
Designed a bottoms-up operational budget for a platform company with the ability to integrate acquisitions in the future.
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