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Fractional CFO & M&A Advisory for Growing Businesses
We bring structure to your financials and translate the numbers into the next best actions—without adding headcount. Montreal-based, serving clients across Canada and beyond.
Trusted by
CFO services, tailored to your stage
01
Ongoing CFO & Financial Management
Fractional CFO support on a recurring basis. Cash flow planning, pricing decisions, financial reporting, payroll oversight, and invoicing — all the financial leadership you need without a full-time hire.
02
Due Diligence & Transaction Advisory
Buying or selling a business? As part of our M&A advisory services, we run disciplined financial due diligence, prepare board-ready materials, and keep all stakeholders aligned from LOI to close.
03
Financial Cleanup & Systems
Messy books holding you back? We'll clean up your financials, implement proper processes, and build reporting that actually helps you run your business.
04
Strategic Advisory & Growth Planning
Financial modeling, scenario planning, and strategic advice for key business decisions. We help you see around corners and plan for what's next. This flexible fractional CFO model scales with your needs.
You need strategic finance leadership — without the full-time overhead
Profitability without clarity
You're profitable on paper but constantly worried about making payroll or timing big purchases. Your books don't give you the visibility you need.
Pricing by gut feel
You're not sure if you're leaving money on the table or pricing yourself out of deals. No clear costing model. No margin analysis.
Investor or buyer conversations loom
You're thinking about raising, selling, or acquiring — but your financials aren't ready for due diligence scrutiny.
No strategic finance partner
Your accountant files taxes. Your bookkeeper enters transactions. But no one is helping you make decisions with financial data.
Finance expertise built for growing businesses
Kalovac was founded by Michael Vaccarino, a McGill University graduate in Finance with a concentration in Accounting and a CFA charterholder. His background spans family offices, private equity, and public market equity research — experience that translates into rigorous, institutional-quality financial guidance and business consulting for businesses that don't have a full-time CFO.
Michael started Kalovac with a simple goal: help business owners make clearer financial decisions, stay organized, and plan thoughtfully for the future. The approach is practical, hands-on, and rooted in a genuine interest in seeing entrepreneurs succeed over the long term.
$10M+
50%
CFA
Network
What clients say
“Michael led financial due diligence on our most recent signed transaction and delivered clear, decision-ready outputs. Thorough, disciplined, and great at keeping stakeholders aligned.”
Ghassan Halazon
"Michael supports us with the ongoing financial management of the business. He helps with pricing decisions, cash flow planning, payroll, invoicing, and general financial reporting, and he's responsive when we need input. The result is better visibility and faster decision-making without needing a full-time finance hire."
Adi Kabbaj
Is this a fit?
Our sweet spot is businesses generating $500K–$10M in revenue, but we work with companies at any stage when the need is right.
Growing business
$500K–$10M is our sweet spot
Ready to invest in finance
You value professional financial guidance
Want a real partner
Not just a bookkeeper or tax filer
Planning something big
Exit, acquisition, raise, or major growth
Frequently Asked Questions
What does Kalovac actually do for clients?
Kalovac provides scalable fractional CFO support and M&A advisory tailored to growing firms. Core services include cash flow planning, pricing and margin analysis, financial reporting and cleanup, payroll oversight, invoicing, and strategic modeling and scenario planning for key decisions. On the M&A side (buy- or sell-side), the firm runs rigorous financial due diligence, prepares board-ready materials, and keeps stakeholders aligned from LOI to close—bringing institutional-quality, hands-on finance leadership without the cost of a full-time hire.
How is a fractional CFO different from my accountant or bookkeeper?
Accountants file taxes and bookkeepers record transactions; a fractional CFO turns financial data into decisions. Kalovac builds clarity around profitability and cash flow, develops pricing and costing models, implements processes and reporting that help you run the business, and provides strategic guidance for investor/buyer conversations and major choices. It’s a true finance partner focused on visibility, planning, and outcomes—not just compliance.
What kinds of companies are a good fit for Kalovac?
The sweet spot is businesses generating $500K–$10M in revenue, though Kalovac works with companies at any stage when the need is right. Ideal clients are growing, ready to invest in professional financial guidance, want a real partner beyond bookkeeping/tax filing, and are planning something significant—an exit, acquisition, capital raise, or major growth.
What M&A support do you provide between LOI and close?
Kalovac runs disciplined financial due diligence on buy- or sell-side deals, prepares clear, decision-ready and board-ready outputs, and keeps all stakeholders aligned from LOI to close. The focus is on investor/buyer readiness, rigorous analysis, and process discipline so you can move confidently through diligence to a successful closing.
Finance expertise built for growing businesses
30-minute call. No pitch, no pressure. Just a conversation about where you are and where you want to go.