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ARTICLE · 26 AUGUST 2026

Case Study: Manufacturer Accounting Turnaround

GGI | Global Alliance
GGI | Global Alliance
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A mid-sized manufacturing company facing financial turmoil after a private equity acquisition found itself struggling with employee turnover, delayed accounting, and unreliable financial reporting. When traditional support failed to deliver the hands-on assistance needed, a specialized advisory team stepped in to restore financial clarity and guide the business from crisis to profitability.

United StatesAccounting and Audit
Matthew Schoenholtz (Mowery & Schoenfeld LLC)
Matthew Schoenholtz (Mowery & Schoenfeld LLC)
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Mowery & Schoenfeld recently supported a mid-sized manufacturing client through a challenging turnaround situation that involved employee turnover, delayed accounting, and unreliable financial reporting. The company had about USD 30 million in annual revenue and 150 employees. Shortly after being purchased by a private equity firm, it began experiencing significant issues with its accounting.

Like many manufacturing businesses, the client relied on timely and accurate financial information. And as a firm with extensive industry expertise, our advisors know that manufacturing and distribution businesses face pressure to improve margins, manage cash flow, and keep operations running efficiently. After losing key team members, the company fell behind on monthly close procedures. The new private equity owners brought in a large CPA firm, which was not local to the client and was unable to provide the hands-on support or GAAP basis financial statements the company needed.

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