While finalizing its acquisition of a family‑run industrial IoT business serving restaurant chains, the company needed an interim CFO to guide finance through diligence, purchase accounting and integration. With the longtime controller departing and no financial leader in place, immediate expertise was essential to ensure continuity and confidence among investors and management.
Service Area: Human Capital
Client Type: Private Equity Firm
Service Provider Type: Interim CFO
Industry: Food & Beverage
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The Need
Interim CFO with Integration Expertise in Industrial IoT
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While finalizing its acquisition of a family‑run industrial IoT business serving restaurant chains, the company needed an interim CFO to guide finance through diligence, purchase accounting and integration. With the longtime controller departing and no financial leader in place, immediate expertise was essential to ensure continuity and confidence among investors and management. |
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The Challenge
Building Scalable Finance Processes Across Hardware and Software
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The combined business manufactured IoT‑enabled kitchen equipment – such as fryer timers – and provided analytics software, yet had minimal finance infrastructure. The interim CFO had to be onsite three days a week, quickly align with the FP&A director, implement rigorous controls for inventory, revenue recognition and cost accounting and support lender reporting in preparation for a permanent hire. |
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How BluWave Helped
Connecting with a Hands‑On Interim Finance Leader
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BluWave rapidly introduced a candidate with deep experience in manufacturing finance, software revenue models and M&A integration. The interim CFO began onsite within days, closing out audits, delivering 13‑week cash flow forecasts and preparing board‑level reports. He also led the design of enhanced financial processes and systems to support long‑term scalability. |
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The Result
Stabilized Financial Operations, Seamless Integration
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With the interim CFO in place, the company achieved clear financial visibility, met all reporting requirements and executed key post‑close integration tasks. His leadership ensured a smooth transition to permanent finance leadership and laid the foundation for sustained growth in the Food & Beverage sector. |
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