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Bolstered Scalability with Key Solution to Manage Back-Office Functions
Client Overview
A future forward Fortune 500 company providing midstream energy infrastructure services across North America.
Deployed Capabilities
Transactions
Financial Advisory
Transformation
$350M Acquisition
Our Transaction Services provided Business Process Outsourcing to support our client’s $350M acquisition.
$4B Market Value
Our solution supported our client’s expansion for two years, allowing them to successfully accomplish a $4B market value IPO.
10X ROI
Our client’s investment was 1% of the value of their $350M acquisition for a 10X return.
The
Challenge
Our client purchased two integrated gathering and processing systems with approximately 1,900 miles of pipeline, gathering from approximately 3,500 wells across two states. They needed to outsource all finance and accounting and information technology functions to support the operations of the assets they purchased and be able to scale with additional acquisitions. The acquisition included field personnel only and no support functions beyond the 90-day Transition Services Agreement. Within the 90-day Transition Services Agreement a technology platform, finance, accounting, treasury, reporting and all other back-office functions had to be created to manage the newly acquired assets and be able to scale as additional acquisitions were made.
The
Custom
Solution
Technology infrastructure and business applications to support the field operations were rapidly established within the 90-day period, without interruption to the business. We developed a fully functioning finance and accounting organization that was able to meet all operational reporting needs, financing support, transaction processing, financial statement preparation, and internal controls.
The
Impactful
Results
Our Transaction Services provided Business Process Outsourcing to support our client’s $350 million acquisition at an investment of 1% of that value. Our solution supported the expansion of our client’s business for two years, allowing them to successfully accomplish an IPO with a $4 billion market value shortly thereafter.
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