Industry: Industrial Services
Entity Type: Private Equity-Backed
Operating Region: United States
Size: 2,500 Employees
The previous Controller resigned, leaving the business with an urgent need in their accounting department, which needed stability, leadership, and expertise. At that time, the department was also in the process of implementing a new lease accounting standard for compliance.
McDermott + Bull Interim Leaders brought in an accomplished consultant who is a CPA with a Big 4 industry background. This individual also has extensive experience working with middle market, private equity portfolio companies.
The consultant provided stability to a turbulent department and expertise to an open leadership role. Over the span of the three-month engagement, the scope of the interim Controller’s responsibilities grew to include overseeing multiple regional Controllers and leading the implementation of ASC 842 lease accounting.
Implemented regionalization efforts and brought together a previously disparate accounting process.
Completed the previously lagging ASC 842 lease accounting implementation on deadline and on budget.
Oversaw four additional operating regions and their controllers.
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.