Case Studies
What we did, and what changed
Each story below is either an Everest engagement or a seat one of our Managing Directors held, and we say which. Client names stay private unless the client has agreed.
Across the team, Everest has closed more than 50 M&A transactions, buy side and sell side, with combined transaction value of more than $55 billion, and has raised more than $4 billion across more than 75 capital raises.
Selling or combining a business
A $750 million combination for a public ag-tech company
Calyxt, a publicly traded agricultural technology company, was burning cash faster than it could raise it. Bill Koschak, Everest’s Founder, was the company’s CFO. He ran three paths at once: a refinancing through a baby shelf registration, an orderly dissolution, and a sale, and built the financial analysis behind each. Active cash management bought five more months of runway. When a buyer emerged, he negotiated the terms, prepared the S-4 and pro forma financials, and made every acquisition-related accounting entry. The result was a $750 million combination that closed eighteen months after the work started. See Public Company.
Two and a half years restated, and a sale closed on clean books
A $15 million custom manufacturer preparing for sale heard from private equity buyers that its financials wouldn’t hold up to diligence. We restated two and a half years of financial statements, working through revenue recognition, inventory valuation, spare parts, warranty liabilities and other items that hid the company’s real position. We stayed on as CFO, ran the monthly close and kept the new accounting policies in place every period after. When the buyers came back, we sat across from their diligence teams and answered every financial question. The sale closed on books we built and stood behind. See Prepare to Sell / Exit Readiness.
Growing and rebuilding the finance function
A footwear brand scaled from $100 million to $600 million in five years
A fast-growing footwear brand was running at roughly $100 million with controls that couldn’t support the expansion ahead. We built out the finance team, tightened controls, and developed new forecasting and inventory planning models. Revenue grew from $100 million to $600 million over five years, on financial systems built to match. See Fractional & Interim CFO.
A finance function built from nothing at a portfolio company
After a private equity firm acquired a company with no finance function or management structure, we built the financial reporting, put in an ERP system, and mentored new leadership while the business preserved cash and proved out its sales funnel. We also moved a service line from an in-house team to an outsourced model, which improved customer satisfaction and the unit economics. In year three of the hold, revenue is projected to grow more than 6x year over year at strong gross margins. See Private Equity.
A hard reset at an old-line fulfillment company: new ERP, pricing and go-to-market
A private equity portfolio company in an old-line fulfillment business was in the middle of a hard reset. Cash was short, lenders were frustrated, and the business was moving to a digital model. We ran the finance function, put in a new ERP system, and built out the sponsor’s operating thesis with the metrics to track it. With the management team, we also rebuilt pricing and reworked how sales took the business to market, aimed at recurring revenue, stickier customers and stronger cash generation. See Private Equity.
A construction and pipe manufacturing division rebuilt
A division of a family-owned construction and pipe manufacturing group needed its finance function rebuilt from the ground up, with cash and cost accounting under pressure. We cleared the processing backlog, built cash flow projections tied to collections and project costs, hired a strong controller, and tightened project cost accounting. Clean financials let the company secure a line of credit, shortened the cash conversion cycle, and set the division up to integrate cleanly into a stronger sister company. See Closely Held & Family Business.
Going public
SEC filings brought current and financials audit-ready for a Nasdaq uplisting
A fintech exchange trading on the OTC Bulletin Board engaged us to bring its SEC filings current. We guided the company’s preparation of the financial statements and disclosures required to uplist to Nasdaq, and delivered financials ready for SEC review and a PCAOB audit. See Public Company.
Last updated November 2026.
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