When a private equity firm acquired a beloved snack-food firm, they inherited a $13 million business with a strong product and culture but no formal financial infrastructure. The company lacked GAAP accounting, had never created a budget, and operated on QuickBooks with limited cost transparency.
Enhance stepped in immediately post-acquisition to establish professional financial leadership and develop the management team. Over four years, Enhance implemented comprehensive financial controls, upgraded the technology stack to a full ERP system, and instituted strategic governance processes. Revenue more than doubled to $29 million and the company now consistently beats budget targets.
Enhance took a staged approach to professionalizing the business, starting with foundational financial controls and progressively building organizational capabilities.
"Enhance has been an incredible partner to our business. Since bringing them on, we've achieved more than 20% year-over-year growth, but their impact extends far beyond the financial results.
They quickly became a trusted extension of our leadership team, providing the strategic financial guidance, accountability, and clarity needed to support our growth. We initially believed we'd need to hire a full-time CFO, but instead, we paid the $40,000 recruiting fee to cancel the search and continued our partnership with Enhance because they were delivering everything we needed.
The ROI has been outstanding, but the real value is the confidence that comes from having experienced financial leadership embedded in the business."
- Managing Director
The engagement delivered exceptional results that exceeded the PE firm's growth expectations. The company evolved from a family-run operation into a scalable, professionally-managed enterprise with the systems and leadership to sustain growth beyond the founder.
Revenue grew from $13 million to $29 million while consistently overachieving budget targets. The business maintained strong unit economics with 40% gross margins and 25% profit margins throughout its rapid expansion and maxed out its physical capacity.
The fractional CFO model provided strategic expertise across finance, operations, and organizational development that de-risked the PE investment. By combining the company's existing strengths with professional management tools and robust decision-making frameworks, Enhance unlocked the business's full potential and positioned it for a highly successful exit.