The Company


Industry: Consumer Manufacturing


Entity Type: Privately Held


Operating Region: United States


Size: $40M


The company was originally looking to sell and needed an interim leader with experience leading transactions. Ultimately, the sale did not go through, which significantly changed the scope of the role. The consultant instead assumed the role of interim CFO and Controller, as the previous CFO had left. On top of this transition, the company was experiencing significant cash flow issues and struggling with an inexperienced accounting department in need of leadership.

The Solution

McDermott + Bull Interim Leaders brought in a highly qualified consulting CFO with extensive transaction and transformation experience. The financial executive’s background in manufacturing, M&A, and technical accounting made him an ideal fit for this unique engagement.


The consultant pivoted to bridge the leadership gap as the company sought a permanent CFO. The leader cleaned up the company’s financials, improved its cash flow issues, and fortified the accounting department by onboarding and training a new Controller.


Reduced month-end close from over 60 days to 15 days.

Liaised with external auditors, found new external audit and tax partners, and engaged a new lender.

Left the organization with a cash reserve and money set aside to make the next payroll.

James Hickey Headshot

James Hickey
Senior Managing Director, McDermott + Bull Interim Leaders

James Hickey serves as a Senior Managing Director for McDermott + Bull Interim Leaders, helping companies with mission-critical needs for talented executives during key points in their life cycle. He also works closely with Private Equity Groups to help their portfolio companies when there are gaps in leadership or to provide additional support to the team during critical transactions.