Interim CFO for a Roll Up

Background: I was hired as the full time CFO to execute the roll-up of three companies for a private equity-backed $30 million company.  Shortly after joining the company I discovered (more) its financial statements were materially misstated.  Due to these errors I recommended the suspension of the rollup plan.

Further evaluation and disclosure to the target companies resulted in the roll-up plans being terminated.  This subsequently let to a complete overhaul of the business which included selling a division, liquidating a division and retrenching the company into its oil field services division.  The end result was the investors were able to make a significant recovery of their initial investment.