Case Study: Supporting An Upstream Oil & Gas Organization in Closing a $3 Billion Acquisition
PROBLEM:
Our client, an international oil and gas company subsidiary, acquired a larger U.S.-based oil and gas firm for $3 billion. The acquired company's revenues and assets were over three times greater than our client's. According to the acquisition agreement, our client had four months to assume responsibility for all operational and financial accounting activities or face hefty fees. To meet this deadline, they required extra resources to integrate the acquired company's financial and operational activities.
SOLUTION:
BGSF was selected to bridge the gaps required to seamlessly integrate the Seller's operational, financial accounting, and reporting activities into the client’s existing back-office accounting processes.
RESULTS:
Download the full case study below to discover how BGSF conducted a comprehensive review and assessment of financial data, leading to $1.8 million in recoveries for our client!
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