July 13, 2026
Organized Financial Data, Before the LOI: Exbo Group and Crunchafi
Transaction Services
Field-services roll-ups are determined in the back office. Exbo supports the full arc from diligence to finance transformation, so every acquired branch ends up on one clean, centralized reporting basis.
In a field-services roll-up, the investment thesis is the more straightforward element. The back office is where the difficulty lies.
Fragmentation, recurring revenue, and multiple arbitrage underpin the model. Integration is what realizes its value, and from day one that is a finance, data, and systems undertaking.
Exbo begins in diligence, restating each target to GAAP at the transaction level and producing a databook built account by account. The same team then carries that databook into finance transformation, historical clean-up, chart-of-accounts standardization, and system migration.
Field margin is won and lost at the job level. We model crew labor, utilization, and materials against each job, so branch performance is visible.
Every acquired branch arrives with its own books and chart of accounts. We standardize and consolidate them, so the platform reports on a single basis.
Maintenance plans and service agreements bill ahead of the work performed. We handle the deferred revenue behind recurring contracts, so the recurring base is real.
Growth in field services consumes cash before it produces it. We track working capital and cash conversion, so the platform can fund its own add-ons.
One team owns the work from the first diligence call through a fully integrated finance function, so nothing is lost in the handoff between deal and operations.
Transaction-level quality of earnings on the platform and every add-on, restated to GAAP and captured in a reusable databook.
The databook drives historical clean-up and a single standardized chart of accounts.
Each branch moves onto one centralized system, such as NetSuite, QBO, or Sage.
Automated close and reporting, with consistent, investor-grade numbers across the whole platform.
