Service Area: Human Capital
Client Type: Portfolio Company – Private Equity Firm
Service Provider Type: Interim CFO
Industry: Distribution
A southern-based electronics distributor faced the departure of its CFO and needed an interim leader to oversee month-end close, consolidate three QuickBooks Online instances, manage 13-week cash flows and maintain KPI dashboards. Immediate coverage was essential to ensure a seamless transition while a permanent controller search was underway.
Though profitable with clean books, the company carried high debt in a cyclical market. Leadership required cost-effective finance expertise to keep reporting on track, support AR oversight and liaise with lenders – without reinventing established processes. Remote work was acceptable, but periodic on-site presence in Palm Bay was preferred.
BluWave quickly produced a shortlist of multiple interim CFOs experienced in lower-middle-market distribution, QuickBooks consolidation and lender communication. The client selected the candidate who best matched its need for controller-level blocking and tackling plus cash-flow rigor. The interim CFO overlapped with the outgoing finance lead, then assumed responsibility for month-end close, cash forecasting, and payroll support.
The interim CFO delivered timely consolidated financials, bi-weekly 13-week cash-flow forecasts, and consistent KPI dashboards, all while guiding AR efforts and supporting the annual audit. His stewardship provided lenders and ownership with clear, reliable data until the new permanent head of finance was onboarded.
I greatly appreciate Dale’s work on the project. He was professional, diligent, and paved the way for an excellent transition to our new permanent head of finance. I would highly recommend him.
-CEO at Portfolio Company
