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Why Mid-Market Companies Wait Too Long to Hire a CFO (and What It Costs Them)

Why Mid-Market Companies Wait Too Long to Hire a CFO (and What It Costs Them)

In PE-backed transactions, EBITDA multiples routinely expand from ~3x for small, opaque companies to 6–8x once the finance function is transparent, recurring, and growth-ready. The difference between a controller-led financial story and a CFO-led one is not rounding error. It is two to five turns of EBITDA — $16M to $40M of enterprise value — sitting on the table.

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