Preparing a Healthcare Logistics Company for a $450M+ Transaction
When a healthcare third-party logistics company needed to sell a majority stake in under nine months, the business was facing major reporting, audit, and due diligence gaps. The Veltre Group stepped in as interim CFO, supported the Quality of Earnings process, and helped prepare the company for a successful transaction presumed to exceed $450 million.
Industry:
Healthcare Third-Party Logistics
Challenge:
The client was preparing for a major sale, but did not have the financial reporting, completed audits, or due diligence materials needed to support the transaction. Investment bankers required a Quality of Earnings report, and the company needed to be ready for the intense financial review that comes with selling a significant ownership stake.
They called TVG for support.
The client wanted to sell 60% of the company in under nine months. To meet that timeline, they needed a fast, organized, and credible financial preparation process that could satisfy bankers, buyers, auditors, and other transaction stakeholders.
The Veltre Group served as interim CFO and helped lead the financial preparation needed for the sale. Our team supported four years of audit catch-up, gathered and organized the information required for the Quality of Earnings report, and helped the company move through due diligence with stronger financial clarity.
At the same time, part of our team focused on process improvement within the accounting department. By strengthening internal workflows and improving the reliability of financial information, we helped the client prepare for both the immediate transaction and the operational expectations that would follow.
The results were outstanding.
The company sold 60% of the business in under nine months, meeting an aggressive transaction timeline.
The Veltre Group supported four years of audit catch-up and helped prepare the financial information needed for the Quality of Earnings report.
The transaction was presumed to exceed $450 million, positioning the company for a major ownership transition.