Industry: Wireless Communications

Four years ago, a long-term relationship was born when Eventus was hired to diligence a potential acquisition. After the deal, the relationship has only grown as Eventus supported integration, then took over SEC reporting and compliance, and finally enhanced financial operations.

Industry: Wireless Communications

Four years ago, a long-term relationship was born when Eventus was hired to diligence a potential acquisition. After the deal, the relationship has only grown as Eventus supported integration, then took over SEC reporting and compliance, and finally enhanced financial operations.

Synopsis

In 2016, an Investor Relations firm introduced Eventus to what was then, a small, public wireless communications company trying to make an acquisition. Once the firm identified its target, Eventus was brought in to assist with diligence. After a successful engagement, Eventus was asked to lead the

integration of financial operations and takeover SEC reporting. Over time, the firm found another acquisition target and Eventus provided integration support. Ultimately, this relationship grew naturally as the firm asked to provide additional support, including serving as interim CFO (pre-acquisition).

Service(s) Utilized

1 CFO & Strategic Financial Solutions 2 Controllership & Accounting Solutions 3 SEC Reporting and Compliance 4 Capital Advisory

“When Eventus got involved, the company had missed consecutive cash forecasts and the board had put pressure on management to remedy the forecasting and cash collection issues.”

Strategy & Course of Action

Eventus delivered a comprehensive acquisition diligence report. Management then decided to move forward with the deal. This opened up a new set of challenges as Eventus mapped the newly acquired company’s entire SEC reporting process and

then established a cadence for filing while preparing the target for an audit. The client then found another target, and Eventus was asked to provide accounting help to support the parent’s controller who was now managing a much more complex business.

The Results

In this case, Eventus’ work is best measured by its four-year client relationship, which is still going strong. Eventus has been tasked with everything from M&A diligence to SEC reporting to accounting support. The client continues to call on Eventus to own SEC reporting and provide resources to ensure financial operations run smoothly.

  • Completed diligence reports for two acquisitions and led financial operations integration
  • Owned SEC compliance and ensured audit readiness
  • Supported ongoing accounting and monthly close including complex intercompany consolidations
focus on results