CASE STUDY: Interim Office of CFO Team Supports PE Investment and Growth
The situation
In response to rapid growth and new private equity investment, Ensemble Music Schools was seeking an interim CFO to lead and enhance the company’s finance organization while it actively recruited for its first full time CFO.
our approach
Fahrenheit urgently provided a skilled interim CFO with private equity experience to partner with Ensemble’s founder and CEO. The interim CFO supported new investment activities, including GAAP compliant reporting.
Additionally, in response to unplanned departures in the accounting team, Fahrenheit leveraged its scalable model to provide additional interim resources to support the day-to-day finance and accounting function.
the results
- Reduced month end close to under 15 days
- Provided immediate CFO experience to guide first-time activities related to new private equity investment
- Access to a scalable team of resources to address unplanned changes in accounting function
- Fahrenheit has become the on-call partner for Ensemble’s private equity owners for projects across other portfolios and inside their firm
Learn more about Fahrenheit’s Finance & Accounting Services
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