Case Studies
Commercial Due Diligence (CDD)
CDD (Flight Connectivity): Telecommunications
F/A Consulting conducted a focused commercial, technical, and network-architecture assessment for a large-cap private equity firm evaluating a Target operating within the global in-flight connectivity (IFC) ecosystem.
Our work evaluated competitive positioning across GEO, LEO, and hybrid multi-orbit architectures; analyzed customer segmentation and monetization dynamics; and assessed operational integration, unit economics, and long-term sustainability within a rapidly evolving aviation connectivity market.
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This work enabled the client to accelerate growth-strategies and margin enhancement results.
CDD (Veterinary Ops):
Retail
F/A Consulting conducted a CDD for an omnichannel pet specialty retailer evaluating the acquisition of a regional veterinary clinic chain
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We identified key commercial risks—including clinician capacity and service-line concentration—and surfaced value-creation opportunities across service optimization, loyalty integration, and omnichannel cross-sell.
This work enabled the client to pursue a large-scale veterinary clinic acquisition and establish a new enterprise-wide inorganic growth strategy.
CDD (Airframe MRO): Aerospace & Defense
F/A Consulting conducted a CDD for a mid-cap private equity client in the A&D airframe MRO sector. Our work evaluated the industry’s market structure, competitive dynamics, customer concentration patterns, and revenue sustainability across defense and commercial aviation cycles.
We benchmarked leading global MRO providers and specialized niche operators to identify pockets of growth, margin resiliency, and competitive pressure.
This resulted in the client gaining a clear, data-backed perspective on where to focus a performance-improvement initiative within its portfolio and higher-confidence value-creation planning.
Case Studies
Operational Due Diligence (ODD)
ITDD
(Cybersecurity)
Pet Specialty Retailer
F/A Consulting conducted a comprehensive back-office IT due diligence, and cybersecurity & data privacy due diligence for a large-cap private equity firm.
We assessed the proposed acquisition of a chain of veterinary clinics. This involved analyzing the IT strategy; organization and staffing; applications; infrastructure; data migration; TSA dependencies; and one-run-rate vs. one-time costs, cybersecurity, data privacy, and technology-security risks affecting valuation.
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We recommended to the client opportunities to scale the target company’s IT software and hardware assets, ultimately informing needed capital expenditures to align with a potential combined entity future state IT strategy.
ITDD
(Infrastructure)
Digital Medial Platform
F/A Consulting conducted a focused technology and IT operations due diligence for a global digital media platform evaluating the acquisition of a cloud-native video technology provider. The review covered product infrastructure—including AWS, Kubernetes, multi-CDN architecture, and data pipelines—as well as core IT operations such as identity management, corporate networking, and IT support.
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We identified a modern, scalable technology foundation alongside gaps in disaster recovery, security governance, documentation, and IT resourcing, with targeted risks affecting valuation and post-close execution.
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Our work provided an investment-grade view of the target’s readiness, required post-close remediation, and the capital needed to align the business to a scalable future-state technology architecture.
ODD
(Airframe MRO)
Aerospace & Defense
F/A Consulting conducted a focused synergy and performance-improvement assessment for a mid-cap private equity client.
The target operates in the A&D airframe MRO space. Our work evaluated back-office finance, HR, IT, legal, and procurement functions — quantifying labor and non-labor costs, identifying efficiency opportunities, and distinguishing one-time separation needs from steady-state run-rate costs.
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Our work resulted in the client enabling a “Go / No-Go” criteria to evaluate the purchase of the target by providing greater clarity around value-creation options and risk-mitigation levers, including competitive-response scenarios, economic downturn and travel-disruption impacts, and overall operational resilience, and stranded-cost.
Case Studies
Post-Merger Integration (PMI)
PMI
(Energy)
Retail Platform
F/A Consulting served as integration execution lead and Integration Management Office (IMO) support for a PE-backed energy retail platform being carved-out of a multi-billion dollar oil and gas operating business. The engagement was launched to stabilize execution and drive clarity across a complex, multi-workstream integration spanning pre-close through Day 100.
Our work focused on integration governance, Day 1 readiness, and post-close execution, including program design, risk and dependency management, and cross-functional coordination across Finance, IT, Operations, Risk, Regulatory, and Commercial.
We supported nine cross-functional workstreams—including Finance, IT, Risk, Operations, Regulatory, and Commercial—while managing critical dependencies such as commodity trading, NetSuite integration, standalone financial reporting, and regulatory-driven collateral replacement.
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F/A Consulting enabled a clean Day 1 with minimal service disruption, maintained execution momentum through Day 100, and helped transition the organization from a centralized IMO to functional ownership. The engagement left the business with durable governance routines, repeatable integration tools, and a clear roadmap for operating model adoption and synergy realization.
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PMI
(Pet Omnichannel)
Retail
F/A Consulting served as integration execution lead and Integration Management Office (IMO) support following the acquisition of the remaining stake in a large-scale veterinary hospital network. The engagement focused on establishing governance and driving execution across a complex integration from Day 1 through Day 100.
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Our work centered on IMO stand-up, Day 1 readiness, and post-close execution, coordinating across core corporate functions while managing an accelerated six-month TSA timeline and a challenging counterparty environment.
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F/A Consulting supported the integration of 98 veterinary hospitals, tracked synergy realization, and managed critical TSA and third-party dependencies.
The engagement enabled a clean Day 1, accelerated TSA exit well ahead of plan, and delivered approximately $1.3 million in direct cost savings through the early roll-off of an external vendor, leaving the organization with durable governance routines and a clear roadmap for ongoing synergy capture.
PMI
(Insurance Distributor) Financial Services
F/A Consulting served as integration execution lead and Integration Management Office (IMO) support for a publicly traded commercial auto insurance carrier following the acquisition of a $370 million niche distributor. The engagement focused on driving clarity and execution across a technology-led post-merger integration from Day 1 through Day 100.
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Our work centered on integration governance and cross-functional coordination across Underwriting, Policy Administration, IT, Compliance, Finance, and Corporate Services, including a multi-platform integration spanning Guidewire, Microsoft Dynamics, Workday, ServiceNow, and Microsoft Office 365.
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F/A Consulting enabled disciplined execution through Day 100, delivering approximately $6.8 million in run-rate cost reductions within 12 months post-close and identifying an additional ~$2 million in labor and non-labor synergies, leaving the organization with a clear integration roadmap and a scalable operating foundation.
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