Post-Merger Asset Consolidation and Register Harmonization for PE-Backed Financial Group
Comprehensive asset consolidation across 5 acquired financial services companies, harmonizing disparate asset registers into a unified platform and establishing standardized management processes for a PE-backed financial group.
Five Companies, Five Systems, One Deadline
A private equity firm had acquired 5 financial services companies over 18 months, creating a combined entity with 67 office locations across 28 states. Each acquisition brought its own asset management practices, ERP systems, and depreciation methodologies, creating a complex consolidation challenge.
Disparate ERP Systems
Five different ERP platforms (SAP, Oracle, NetSuite, Sage, and a custom legacy system) with incompatible asset classification schemes, depreciation methods, and data structures.
Inconsistent Records
Combined asset registers contained 92,000+ records with duplicate entries, inconsistent naming conventions, missing acquisition dates, and conflicting depreciation schedules across entities.
Aggressive Timeline
PE sponsor required consolidated financial reporting within 14 months to support planned refinancing. External auditors needed clean, reconciled asset records for the combined entity's first consolidated audit.
Geographic Dispersion
67 office locations across 28 states with varying lease terms, leasehold improvements, and local property tax requirements requiring location-specific asset tracking.
Phased Consolidation with Physical Verification
We executed a comprehensive three-phase approach combining data analysis, physical verification, and system migration to create a unified asset management platform.
Data Extraction & Analysis
Extracted asset data from all 5 ERP systems, performed comprehensive data profiling to identify duplicates, gaps, and inconsistencies. Developed unified classification taxonomy and mapping rules for harmonization.
Physical Verification
Conducted wall-to-wall physical verification across all 67 locations, confirming asset existence, condition, and location. Applied standardized asset tags and captured detailed attributes for each verified item.
Register Harmonization
Merged verified physical data with cleansed financial records into a unified asset register. Standardized depreciation methods, useful life assignments, and asset classifications across all entities.
Purchase Price Allocation
Supported purchase price allocation for all 5 acquisitions, identifying fair market values for tangible and intangible assets. Established proper goodwill calculations and opening balance sheet entries.
ERP Migration
Migrated all consolidated asset data into the target SAP environment with validated opening balances, correct depreciation schedules, and proper entity coding. Provided hypercare support during go-live.
Process Standardization
Developed unified asset management policies, capitalization thresholds, and depreciation guidelines. Trained 120+ finance and operations staff on standardized procedures and ongoing maintenance protocols.
Unified Platform Enabling Growth and Compliance
The consolidation program delivered a single, accurate asset management platform supporting the PE sponsor's growth strategy and enabling clean consolidated financial reporting.
92,000+ Records Consolidated
Successfully merged asset records from 5 disparate systems into a unified SAP platform with 99.3% data accuracy, eliminating 14,000+ duplicate and ghost asset entries.
$34M in Asset Value Corrections
Identified and corrected $34 million in asset value discrepancies including unrecorded additions, incorrect depreciation, and misclassified capital vs. operating expenses.
Clean Consolidated Audit
Enabled the combined entity's first consolidated audit with unqualified opinion and zero material weaknesses, supporting the PE sponsor's refinancing timeline.
Scalable Platform for Future M&A
Established standardized onboarding procedures enabling rapid integration of future acquisitions, reducing expected integration time from 12 months to 4 months per entity.
"CPCON delivered exactly what we needed: a clean, unified asset register that gave our auditors confidence and our PE sponsors the financial clarity they required for refinancing. The team's ability to navigate five different systems and cultures was remarkable."
Project by the Numbers
Multi-entity asset consolidation at enterprise scale
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Our experienced teams specialize in multi-entity asset consolidation, register harmonization, and ERP migration for financial services organizations.