Experienced Professionals. Practical Solutions. Trusted Partnership.
At Solas Consulting, we help organizations navigate critical business events, complex accounting matters, regulatory reporting requirements, and periods of growth and change.
Our team combines deep technical expertise with practical operating experience, bringing perspectives gained through public accounting, consulting, and finance roles within both public and private companies. Our professionals are accustomed to stepping into new environments, quickly assessing challenges, and becoming effective members of a client's team.
Experienced Professionals Who Roll Up Their Sleeves
Our team is composed of accounting and finance professionals with backgrounds in public accounting, consulting, and corporate finance organizations. Many of our professionals began their careers with Big Four firms, while others bring experience from public and private company finance organizations.
Collectively, our team has extensive experience supporting companies across the life sciences, medical device, and technology sectors, from emerging growth companies preparing for key milestones to mature public companies managing ongoing reporting and compliance requirements.
Throughout their careers, our team members have supported organizations through IPOs, SPAC transactions, reverse mergers, carve-out financial statement preparation, SEC reporting obligations, business combinations, financing transactions, accounting transformations, internal control initiatives, and other significant business events. They understand the day-to-day challenges finance organizations face, bringing a practical perspective that extends beyond technical guidance.
At Solas, we believe the most effective advisors work alongside management teams to solve problems and execute critical initiatives. This hands-on approach has been a cornerstone of our firm since its founding.
The Solas Difference
Experienced Professionals. Practical Execution.
Solas Consulting brings experienced accounting and finance professionals into situations where organizations need practical support. We work alongside management teams to solve problems, execute initiatives, and deliver results. Many organizations first engage Solas for a specific project and continue to work with us through additional initiatives, business milestones, and periods of change.
We are proud that many of our client relationships span multiple years. Our goal is to be a trusted resource clients can rely on throughout periods of growth, change, and important business milestones.
Representative Client Engagements
Representative examples of our experience include IPOs, SPAC transactions, reverse mergers, carve-out financial statements, audit readiness initiatives, acquisition integrations, internal control implementations, complex technical accounting, and financial reporting projects.
Challenge
A rapidly growing life sciences company was preparing to complete an IPO on an accelerated timeline that became even more compressed during the engagement. The company needed significant assistance in addressing complex accounting matters, preparing historical financial information, and developing the reporting infrastructure required to support SEC filings.
Solas Approach
Worked closely with management to address complex technical accounting issues, reconstruct historical quarterly financial information, establish processes to account for critical accruals, and develop reporting schedules to support both the financial statements and MD&A. Solas also assisted with drafting key financial sections of the registration statement and coordinating multiple IPO reporting workstreams under an accelerated filing timeline.
Outcome
Supported management through the IPO process, helping the company meet critical filing deadlines while establishing a scalable financial reporting framework for life as a public company.
Challenge
A rapidly growing private company required assistance navigating its first annual audit while addressing increasingly complex accounting matters and developing the infrastructure needed to support future growth.
Solas Approach
Worked closely with management to identify and document technical accounting positions, develop financial reporting schedules and supporting documentation, enhance reporting processes, and implement practical internal controls appropriate for a lean accounting organization. Solas also assisted management throughout the audit process and helped establish procedures to support future audits and reporting requirements.
Outcome
Successfully supported the completion of the company's audit, strengthened financial reporting processes, and established a scalable foundation to support future growth, financing activities, and potential public company readiness initiatives.
Challenge
Following a strategic acquisition, a global technology company needed to integrate the acquired company's financial operations into its existing reporting environment. The integration involved transitioning between financial systems, aligning reporting structures, supporting purchase accounting activities, and establishing processes to support the control environment.
Solas Approach
Assisted management with the integration of accounting processes and financial systems, including mapping the acquired company's chart of accounts and general ledger activity to the acquiring company's reporting structure. Supported the transition to the purchaser's ERP environment, assisted with purchase accounting analyses, and worked with management to design and implement accounting processes and internal controls that aligned with the Company’s control environment.
Outcome
Supported the integration of financial operations, reporting processes, and controls, helping management navigate the transition.
Challenge
A newly public company needed to establish and document an internal control framework capable of supporting its evolving compliance and reporting obligations.
Solas Approach
Worked with management to document key processes and develop control narratives, identify financial reporting risks, and design controls aligned with the company's operations. Solas helped establish documentation standards, train control owners on evidence retention and execution requirements, and implement a practical, risk-based control framework focused on meaningful controls rather than unnecessary complexity.
Outcome
Established a scalable control environment, improved the consistency of control execution and documentation, and enhanced the company's readiness to meet ongoing compliance and reporting requirements.
Challenge
An organization undergoing a significant transition required experienced accounting and financial reporting support to maintain critical consolidation and reporting obligations while addressing inefficiencies within its reporting processes.
Solas Approach
Provided interim leadership and hands-on support to help stabilize the reporting function, improve processes, coordinate with external auditors, and address operational challenges affecting the efficiency and reliability of financial reporting. Following stabilization efforts, Solas assisted management in identifying and implementing process improvements and automation opportunities.
Outcome
Successfully supported the organization's reporting and compliance objectives, enhanced the reliability of financial reporting processes, and implemented improvements that increased efficiency and reduced manual effort.