CASE STUDY: PE-BACKED DEALERSHIP ACQUISITION

The Situation

An existing franchisee owned approximately six Freedom Boar Club territories and was eager to acquire another 5 locations from a retiring peer with adjacent territories. The owner sought assistance in structuring the deal, executing the transaction, and integrating in the new territories, then executing daily back office accounting, CFO, and tax work for the combined entities.

The Execution

• We served as buy-side M&A advisor for the buyer for a 3 month diligence and acquisition process

• Concurrently, Pinewood maintained back office operations for the existing, then the acquired, territories

• Integrated in nearly 100+ new boats and 300+ members

• Set up cloud accounting system in QBO, chart of accounts, supporting schedules, AP processes, Bill.com, ADP, and other service providers

• Established opening balance sheet, investment accounts, capital accounts, investment rollforwards, and other supporting schedules

The Results

Pinewood supported this incredible entrepreneur for over two years, integrating in five territories, filing dozens of tax returns and filings, etc.